Storage Equities Inc. Reports Increase in Profit
Storage Equities Inc., a Glendale real-estate investment trust, said its profit for the third quarter that ended Sept. 30 was $19.5 million, up 79% from the year-earlier profit of $10.9 million. Revenues increased 52% to $56.9 million from $37.5 million at the same time last year.
For the first nine months of 1995, the profit was $49.2 million, up 65% from $29.9 million in the first three quarters last year. Revenues were $148 million, up 40% from $106 million in the first three quarters of last year.