Public Storage Canadian Properties Releases 3Q Results

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Public Storage Canadian Properties released operating results for the third quarter ended Sept. 30, 2009 and distributions to be paid on Dec. 31, 2009. Some highlights:

  • Net income of the Partnership was $1.5 million for the three months ended Sept. 30, 2009 compared to $2.1 million for the same period in 2008.
  • Net income of the Partnership was $4.7 million for the nine months ended Sept. 30, 2009 compared to $5.7 million for the same period in 2008. 

The Partnership owns and derives substantially all its income from 27 self-storage facilities in Alberta, British Columbia, Ontario and Quebec. The Partnership also owns parcels of land in Oakville, Ontario; Orleans, Ontario; and Richmond Hill, Ontario, for future self-storage development.

Source:  Earth Times,  Public Storage Canadian Properties Announces Third Quarter 2009 Operating Results and Distributions

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