$PSA, a self-storage REIT reported 16.4% rise in its 4Q16 earnings, mainly due to $32MM increase in self-storage net operating income. Net income was $352.8MM, or $2.03 per share, compared to $303MM, or $1.74 per share during 4Q15. Revenue for same store facilities rose 4.6% YoY to $530MM,helped by higher realized annual rent per occupied sq.ft.
$ESS announced that its BoD has approved a 9.4% increase to its
prior quarterly cash dividend. The BoD has declared a 1Q17 dividend of $1.75
per share, payable on April 17, 2017 to shareholders of record as of March 31,
2017. On an annualized basis, the dividend represents a distribution of $7.00
per common share.
$SWK said, through its sale of a majority of its Mechanical Security businesses, it expects EPS dilution of about $0.19 in 2017. Combined with the expected closing of the Newell Tools acquisition in 1Q17, the company expects net earnings addition, excluding charges, of about $0.05 per share in 2017.