Profit, Revenue Increase for Storage Equities Inc.

Storage Equities Inc., a real estate investment trust, said its second-quarter profit rose 20% from a year earlier on a 6% increase in revenue.

The Glendale-based company invests in self-storage warehouses managed by affiliates of Public Storage Inc., the nation’s largest operator of mini-warehouses. In the quarter ended June 30, Storage Equities’ net income rose to $3.51 million from $2.92 million, and its revenue climbed to $15.2 million from $14.4 million a year earlier.

For the first half of this year, Storage Equities’ earnings increased 14%, to $6.46 million from $5.69 million, and its six-month revenue rose 5%, to $29.7 million from $28.4 million.