PSA News and Press, Public Storage From 11/13/22

Summary U.S. equity markets posted their best weekly gains since June as cooler-than-expected inflation data, election results suggesting "fiscal gridlock" in DC, and limited China re-openings raised hopes of peaking inflation. Climbing back out of "bear market" territory, the S&a...

Summary Nearly 200 REITs and a dozen homebuilders have reported third-quarter earnings results over the past three weeks, providing critical information on the state of the U.S. real estate industry. REIT earnings season was surprisingly strong across nearly all property sectors. ...

Summary Blackstone has purchased PS Business Parks. The transaction is quite straight forward for the common, but the preferreds remain outstanding but attached to a private untraded entity. Trading at a huge discount the preferred might be opportunistic. Obscurity is th...

Summary LRT Capital Management's October’s results were strong, and I expect continued good results in the months ahead. Year-to-date results have been below my expectations, but I remain confident in the long-term strategy.We expect retail fuel margins to remain high in th...

Summary Public Storage is a global leader in the self-storage industry, with a top market position in most of their major operating markets. In addition to their scale and brand awareness, their superb balance sheet and financial operating metrics are two other key competitive str...

Summary U.S. equity markets slumped this week after the Federal Reserve approved another "jumbo" rate hike while lukewarm employment data pushed back the timeline for a potential "pivot" towards less-aggressive tightening. Retreating following its best week since November 2020, th...

Summary Global electric car sales Sept. 2022 >1m, up 51% YoY to 17% share. China sales up 78% YoY to 35% share. Europe up 7% YoY to 24% share. US ~6% share. EV market news - DoE awards $2.8B of grants to supercharge U.S. manufacturing of batteries for EVs/grid. EU signs provisi...

Public Storage (PSA) Q3 2022 Results Conference Call November 02, 2022 12:00 PM ET Company Participants Ryan Burke - VP, IR Joe Russell - President and CEO Tom Boyle - CFO Conference Call Participants Michael Goldsmith - UBS Lizzy Doykan - Bank of...

Public Storage ( NYSE: PSA ) stock advanced 2.7% in Tuesday after-hours trading after the REIT improved its full-year core FFO outlook and raised the lower end of its target range for revenue growth and net operating income growth. That comes after PSA's Q3 bottom-line figur...

Public Storage press release ( NYSE: PSA ): Q3 FFO of $4.13 beats by $0.09 . Revenue of $822.53M (+14.7% Y/Y) misses by $247.47M . Increased Same Store direct net operating income by 16.5%, resulting from a 14.7% increase in Same Store revenues. Achieved 80...