PSA News and Press, Public Storage From 04/08/23

2023-04-08 05:29:00 ET Summary Global electric car sales Feb. 2023 were up 49% YoY to 14% share. China sales up 56% YoY to 33% share. Europe up 14% YoY to 20% share. EV market news - EV demand sentiment was weighed on by some automakers in China heavily discounting ICE vehicles in...

2023-04-07 00:40:03 ET Summary Extra Space Storage decided to join the bidding war for Life Storage. The all-stock deal should alleviate leverage concerns, with some synergies seen as a result of the potential tie-up. Careful on overall valuations of the sector at large and hi...

2023-04-06 07:47:11 ET Raymond James updated its Pair Trade List of divergent stock recommendations after some underperformance in March. The list of pairs was down -2.6% in March, compared to a +3.5% gain in the S&P 500 ( SP500 ) ( SPY ) ( IVV ) ( VOO ) and a +2.4% ...

2023-04-04 07:05:00 ET Extra Space Storage (NYSE: EXR) unveiled a bold move this week. It agreed to acquire rival self-storage REIT Life Storage (NYSE: LSI) in an all-stock deal. The transaction will create the largest player in the self-storage ind...

2023-04-03 08:00:00 ET Summary A FROG is a REIT that shows a Fast Rate of Growth and a strong balance sheet. This article discusses how to identify a FROG, and lists all the FROGs as we head deeper into 2023. We also give attention to several near-FROGs, as well as some Tadpol...

2023-04-03 06:53:59 ET Life Storage ( NYSE: LSI ) shares rose over 5% premarket on Monday after it signed a $12.7B deal to merge with competitor Extra Space Storage ( NYSE: EXR ). The deal will create the largest storage-facility operator in the U.S. in terms of ...

2023-03-31 05:47:00 ET Investors are flocking to self-storage real estate investment trust (REIT) Life Storage (NYSE: LSI) . Talk of a potential buyout from its larger peer, Public Storage (NYSE: PSA) , and super-strong earnings for the full year 2022 drove its share pri...

2023-03-30 08:05:00 ET Summary The REIT sector presents historic buying opportunities. But not all REITs are worth buying. I present 3 popular REITs that I would sell. I am very bullish on real estate investment trusts, or REITs ( VNQ ). I am so bullish, in f...

2023-03-29 06:22:00 ET Real estate stocks have been hit hard in the recent downturn, with rising interest rates being responsible for a big part of the underperformance. However, one stock in my portfolio I'm not worried about at all is self-storage industry leader Public Storage (NYS...

2023-03-26 09:00:00 ET Summary U.S. equity markets posted gains while benchmark interest rates dipped to the lowest levels of the year as lingering financial stability concerns cast doubt on the Fed's economic and interest-rate projections. Posting a second-straight week of gains ...