Self-storage REIT Public Storage (NYSE: PSA) announced second-quarter financial results demonstrating its superior position in the self-storage market. The company has industry-leading return on equity (ROE) and frugal capital allocation that could make the stock a long-term winner. Here's what happened.

Public Storage recently delivered an encouraging second-quarter earnings report. The report showed that earnings per share jumped a whopping 74% to $3.42 from $1.97 in the second quarter of last year. Total revenue grew 24% to $1.03 billion over last year's second quarter.

Image source: Getty Images.

Continue reading

Source Fool.com