Public storage firm is financially fit

Stock for Glendale-based Public Storage Inc. rose Friday after the company reported second-quarter results that beat analysts’ estimates. Officials with the storage company said improvements in operating income in their domestic self-storage facilities were primary factors in the business’ growth.

Its stock has risen 18.5% this year and nearly 7% this week to end at $87 by the end of Friday trading.

Public Storage on Friday reported quarterly net income of $133.8 million, compared with $77.1 million for the same period last year.

Revenue climbed to $448.2 million from $424.1 million, officials said.

Glendale chamber mixer coming up

The Glendale Chamber of Commerce is set to hold its monthly after-hours mixer Aug. 20 at Scholl Canyon Golf Course, 3800 E Glenoaks Road.

The event, slated to last from 5:30 to 7:30 p.m., will feature prizes and refreshments.

It is open to all chamber members. For more information, call (818) 240-7870.

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