PSA Stock Recent News

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.

Public Storage is a unique self-storage REIT that offers attractive dividends and has historically outperformed the broader REIT market. Despite underperforming in the past year, there is an opportunity to invest in the Company due to its scale, solid growth prospects, and fortress balance sheet. Its size and operational excellence allow for better value creation, and the focus on acquisitions and record development volume contributes to its growth prospects.

Public Storage is a resilient choice for long-term investors, offering steady income through dividends and strong growth potential. The company has a strong track record of outperforming the broader REIT space and utilizes technological advancements to gain a competitive edge. While there are near-term challenges such as rising costs and potential revenue slowdown, Public Storage's long-term potential remains strong.

Real estate investment trusts or REITs can offer investors sitting on the fence a viable approach to the market. Simply put, the structure of these businesses requires them to distribute the majority of their taxable income to shareholders.

Public Storage's (PSA) Q4 results outshine estimates. Growth in the top line was aided by the increase in the realized annual rent per available square foot.

Although the revenue and EPS for Public Storage (PSA) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Public Storage (PSA) came out with quarterly funds from operations (FFO) of $4.20 per share, beating the Zacks Consensus Estimate of $4.15 per share. This compares to FFO of $4.16 per share a year ago.