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Some REITs are losing their appeal due to slower growth and questionable fundamentals. Public Storage is the leader in the self-storage sector and offers a conservative investment with a strong operational history. Despite a growth slowdown, Public Storage stock remains undervalued and has a potential upside of over 15% annually. I view the company as a "BUY" with an upside.
Public Storage's (PSA) Q1 results reflect an improvement in the realized annual rent per occupied square foot, partly offset by a decline in occupancy.
The headline numbers for Public Storage (PSA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
REITs are today presenting a once-in-a-decade buying opportunity. Valuations are so low that even private equity players are buying them. Here are two of my favorite REITs to buy today.
Public Storage's (PSA) Q1 results are likely to reflect gains from high brand value and solid presence in key cities, though a softening in demand and high interest expenses remain concerns.
Evaluate the expected performance of Public Storage (PSA) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
4Q'23 move-in rates for new renters dropped to $13.73 from $16.71 in 4Q'22 per square foot. There is over-capacity in the self-storage industry. Interest rates may continue much higher for longer, which will negatively impact PSA.
Prologis has ridden the digital economy to become a real estate juggernaut. NNN is a high-yield REIT for conservative investors.
Public Storage (PSA) is poised to gain from high brand value, strategic acquisitions and a robust presence in key cities. However, weaker demand, a development boom and high interest rates are concerns.
Investing in real estate has been a popular investment approach for decades. The basic way of investing in the real estate market is to buy a house.