Public Storage Inc. Reports Rise in Revenues, Income

Public Storage Inc., Glendale, reported net income for the fourth quarter ended Dec. 31 of $75.6 million compared with $59.2 million for the same quarter in 1998. Revenues rose to $177.5 million from $148.3 million. For the year ended Dec. 31, net income rose to $287.9 million from $227 million. Revenues were $676.7 million compared with $581 million.

Public Storage Inc. is a real estate investment trust that acquires, owns and operates storage facilities in 37 states.