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.