PSA News and Press, Public Storage From 02/28/23

Summary Nearly 200 U.S. REITs have reported fourth-quarter earnings results over the past month, providing critical information on the state of the real estate industry in a period defined by post-pandemic uncertainty. Rising rate concerns overshadowed a surprisingly strong slate of rep...

Summary U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-...

Summary REIT stands for Real Estate Investment Trust, so you might be forgiven for assuming that something called a REIT would provide you with exposure to Real Estate. Generally, it does. Generally, but not precisely. No two REITs are alike when it comes to focus, valuation, or ear...

Summary In this article, I start by assessing the health of the commercial real estate industry, which shows high resilience in the retail space. In light of the bigger picture, Realty Income Corporation continues what it does best: letting shareholders benefit from its tremendous stabi...

Summary The Rip Van Winkle approach to investing is one in which an investor initially pays a reasonable price for a quality business. Just like me, Rip Van Winkle can sleep another 10-15 or 20 years and wake up a wealthy investor. That's how SWAN investing works, you can practicall...

Public Storage (PSA) Q4 2022 Results Conference Call February 22, 2023 12:00 PM ET Company Participants Ryan Burke - VP, IR Joe Russell - President and CEO Tom Boyle - SVP, CFO and CIO Conference Call Participants Steve Sakwa - Evercore ISI Michael Gold...

Summary Consumers have been overspending their income. Spending behavior is about to tighten. These companies will be heavily impacted. Consumer spending has been loose for the past 2 years. It has propped up the revenues of companies that sell discretionary products and s...

Public Storage ( NYSE: PSA ) turned in Q4 FFO that exceeded the average analyst estimate and rose during the quarter as higher realized annual rent per occupied square foot drove same-store revenues higher. For 2023, though, same-store revenue growth is expected to be 2.50%-...

Public Storage press release ( NYSE: PSA ): Q4 FFO of $4.16 beats by $0.19 . Revenue of $818.9M (+13.0% Y/Y) misses by $251.1M . FY23 FFO expected to be in the range of $16.10-$16.80, vs. consensus of $16.63. David Lee, our Chief Operating Officer, has been ap...

Public Storage (NYSE:PSA) announced today operating results for the fourth quarter and year ended December 31, 2022. “Public Storage’s industry-leading platform achieved record financial results in 2022,” said Joe Russell, President and Chief Executive Officer. “I ...