Updated from 1:30 p.m. ET
Public Storage (PSA) shares rose 8% a day after it reported a rise in operating income in the fourth quarter.
Shares were up 5.8% to $55.48 as the Glendale-Calif.-based self-storage provider reported net operating income rose $11.8 million, led by a $6.5 million increase in same-store operations.
Digital Realty Trust (DLR) shares rose 4% to $29.89 after the real estate investment trust reported a 43% rise in funds from operations. Digital had FFO of $68.9 million, or 76 cents per share, compared with $38.9 million, or 53 cents per share, a year earlier.Extra Space Storage (EXR) shares rose 1.5% to $6.27 a day after Citigroup initiated coverage on the Salt Like City company with a hold rating. Sovran Self Storage (SSS) shares lifted after the company, which operates outlets under the name Uncle Bob's Self Storage, filed a 10-K with the SEC citing its improved performance. Shares were up 0.8% to $21.18. The Buffalo, N.Y., company cited the Uncle Bob's truck move-in program, "under which, at present, 259 of our stores offer a free Uncle Bob's truck to assist our customers in moving into their spaces, and an increase in internet marketing and sales."
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