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In the stock market's current volatile landscape, dividend investing shines as a superior investment strategy because of the stability and value it offers.
PSA's plan for international expansion appears strategically aligned, as Australia and New Zealand offer an established, fast-growing self-storage market.
GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation (“Ki”) and Public Storage (NYSE:PSA; the “Company”) (together, the “Consortium”) announced today the submittal of a non-binding indicative offer (NBIO) to acquire all of the outstanding stapled securities of Abacus Storage King (ASX:ASK) that are not already held by Ki or its subsidiaries (together, the “Ki Group”) for A$1.47 per stapled security. The Ki Group is currently ASK's major securityholder and each of Ki and Public Storage would have a.
President Trump's tariffs are not negotiating tactics, but a protectionist move aimed at reversing globalization and boosting U.S. manufacturing, causing market selloffs. The tariffs will harm U.S. consumers and businesses, raising prices and potentially leading to a recession, with an average household impact of $3,800 annually. Big Tech stocks have been hit the hardest by the tariff threat, with the Nasdaq down nearly 16% and the Magnificent 7 down over 20%.
Public Storage (PSA) reported earnings 30 days ago. What's next for the stock?
High brand value, technological enhancements, strategic buyouts and a healthy balance sheet are key drivers for PSA. However, soft demand is a concern.
Public Storage is the world's largest self-storage REIT, with a rising dividend and opportunity for capital appreciation. Q4 2024 results showed good performance but highlighted challenges in revenue growth post-Covid, making PSA expensive compared to peers. Despite the current premium valuation, the Company's proven business model and consistent dividend growth make it a viable long-term hold for income and capital appreciation.
PSA's Q4 results reflect lower same-store revenues on the back of lower occupancy, partially offset by higher realized annual rent per occupied square foot.
The headline numbers for Public Storage (PSA) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Public Storage (PSA) came out with quarterly funds from operations (FFO) of $4.21 per share, missing the Zacks Consensus Estimate of $4.23 per share. This compares to FFO of $4.20 per share a year ago.