PSA Stock Recent News

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.

Real estate investment trusts, commonly known as REITs, faced challenges in 2023, marked by a widespread decline in most stocks. The surge in interest rates contributed to investor hesitancy, mainly due to the substantial debt often associated with these businesses.

We take a look at the action in preferreds and baby bonds through the second week of December and highlight some of the key themes we are watching. Preferreds finished lower as Treasury yields slightly backed up, but most sectors remained positive for the month. Investors should consider lower-coupon preferreds to mitigate redemption risk and leave room for a rally if rates continue to decrease.

Public Storage isn't exactly an exciting business, owning large self-storage properties. However, the stock has been an amazing performer over time and could continue its market-beating returns.