PSA News and Press, Public Storage From 02/08/23

Summary The merger has some synergy to it. I think there will be a slightly higher bid. Here is how to play it and the risks involved. On February 5, after the market close, Public Storage ( PSA ) publicly announced its intent to buy Life Storage ( LSI ). The all stock...

Summary Public Storage has launched a hostile takeover bid for Life Storage with an all-stock offer. The 1980s called - they want their M&A tactics back. Hostile takeovers aren't very common anymore - this deal is notable for being hostile, all-stock, and for the antitrust atten...

Summary Global electric car sales Dec. 2022 were an estimated 1.1 million+. China sales up 83% YoY to 30% share. Europe up 147% YoY to 38% share. US ~7% share. EV market news - UK's petrol and diesel sales eroded as EV sales surged 40% in 2022. China new-energy vehicle sales, shipments ...

Summary This article is focused on two dividend stocks that had prolonged periods of zero dividend growth, which upset a lot of investors. I start with a theoretical introduction before I show you why Valero Energy and Public Storage finally hiked their dividends and what we can expect ...

Summary Public Storage wants to acquire Life Storage. PSA also hiked its dividend by a hefty 50%. PSA is not ultra-cheap but is not excessively expensive, either. Article Thesis Public Storage ( PSA ), one of the highest-quality REITs investors can choose from, has...

Summary Public Storage aims to acquire its smaller peer Life Storage in an all-stock deal. The offer is perceived as hostile, which likely means that the offer needs to be raised in order to become a success. I remain cautious on Public Storage based on valuation concerns, even as t...

Public Storage (NYSE: PSA) is already the largest real estate investment trust (REIT) focused on self-storage properties. However, it wants to supersize that portfolio by acquiring rival self-storage REIT Life Storage (NYSE: LSI) . While Life Storage has repeatedly rebuf...

Summary With PSA's most recent moves, including the increased dividend, LSI's management team will have to engage in M&A discussions. We believe that any discussions will lead to a higher valuation for LSI, especially as the deal is all-equity and taxable to LSI shareholders. Th...

There's a "strong probability" that Public Storage ( NYSE: PSA ) could "slightly" increase its unsolicited offer for Life Storage ( NYSE: LSI ), according to a Truist analyst. "While we believe a 17% premium for LSI is significant in and of itself, we think there is a strong p...

Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify U.S.-China relations on edge after spy balloon is shot down. Dell ( DELL ) to slash 6,650 jobs , ~5% of global workforce - report. After recent cuts, Tesla ( TSLA ) lifts Model Y pri...