PSA Stock Recent News

Public Storage has experienced a rebound in its stock price after a decline in 2023 as some investors point to a decrease in real rates, saving commercial property prices. The primary driving factor for commercial property prices, including storage REITs like PSA, is real interest rates, while the secondary factor is changes in NOI growth compared to inflation. PSA's occupancy and rents are declining, indicating a reversal in storage demand and a potential decline in net operating income as the industry shifts into a glut.

Public Storage's (PSA) Q4 results are likely to reflect gains from high brand value and solid presence in key cities, though a likely rise in vacating volumes and high interest expenses remain concerns.

Beyond analysts' top -and-bottom-line estimates for Public Storage (PSA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Public Storage is a self-storage company in the US with over 3300 locations and 238 million rentable square feet. The company has consistently shown growth in rents and profitability and benefits from long-term industry tailwinds. The recent quarter has shown positive indications for growth, which leaves me optimistic for F2024.

Public Storage's superior balance sheet positions it incredibly well amid higher interest rates.  Prologis is above-average in almost every aspect.

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2023 earnings results after the market close on Tuesday, February 20, 2024. A conference call is scheduled for Wednesday, February 21, 2024, at 9:00 a.m. (PT) to discuss these results.   Live conference call   Domestic dial-in number: (877) 407-9039   International dial-in number: (201) 689-8470   Webcast: Event Calendar         Conference call replay   Domestic dial-in number:.

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.

Public Storage, being the world's largest self-storage REIT, stands to benefit from the growth of the self-storage industry. The company has a strong dividend history of paying uninterrupted dividends. FFO is projected to grow in the high-single digits over the next two years, signaling more dividend raises ahead.

Public Storage is a self-storage REIT that benefits from the increasing demand for storage units due to migration and downsizing trends. The company is the second-largest self-storage REIT and has experienced significant growth in its portfolio. Despite a decrease in industry demand, Public Storage has narrowed the occupancy gap and has strong financials, including industry-leading operating NOI margins.

The self-storage sector is known for its resilience to macroeconomic events and sustained demand, making it an attractive investment opportunity. Public Storage, a leader in the self-storage sector, stands out due to its scale, which ends up being reflected in its margins. Currently the company distributes a dividend with yields of 4% and with the opportunity to increase it due to its moderate payout ratio.