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home / news releases / PSA - Public Storage: The Preferred Shares Are A Safe Bets


PSA - Public Storage: The Preferred Shares Are A Safe Bets

  • Public Storage is able to take advantage of the low yield environment by reducing the cost of its preferred equity.
  • The recently issued Q-series of the preferred shares have a yield to call of just over 3.7%.
  • This appears to be very low, but the balance sheet is pretty safe and the preferred dividends enjoy a 900%+ coverage ratio.

For further details see:

Public Storage: The Preferred Shares Are A Safe Bets
Stock Information

Company Name: Public Storage
Stock Symbol: PSA
Market: NYSE
Website: publicstorage.com

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