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

2023-04-23 08:14:00 ET Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always the case. Some companies offer high-yielding dividends on an extremely safe footing. That's especially true of many real estate i...

2023-04-19 16:22:07 ET Summary In this article, we dive into the fundamentals of the (commercial) real estate industry, which is suffering from a mix of headwinds. High inflation, rising rates, and related economic woes are likely to further cause deteriorating financial condition...

2023-04-18 11:24:58 ET Summary The "stagflationary" environment has caused the bond-stock correlation to rise, limiting the "hedge potential" of most low-risk or defensive assets. Like bonds, lower-risk REITs carry the most significant exposure to the rise in interest rates due to...

2023-04-16 09:09:52 ET Real Estate Investment Trusts (REITs) are companies that own and operate real estate assets, such as apartments, shopping centers, office buildings, and warehouses. They are required to distribute at least 90% of their taxable income as dividends to shareholders, whic...

2023-04-16 08:30:00 ET Summary Public Storage is a leading REIT in the self-storage industry, with a fortress balance sheet and impressive operating metrics. It should see strong demand this year as new competition is being held back by high interest rates. The recent share pr...

2023-04-12 14:32:06 ET Summary Life Storage, Inc. is a self-storage company that owns and operates over 900 self-storage facilities in the United States. The company is being acquired by Extra Space Storage Inc., which will pay 0.895 EXR shares per share of Life Storage. The t...

Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2023 earnings results after the market close on Wednesday, May 3, 2023. A conference call is scheduled for Thursday, May 4, 2023, at 9:00 a.m. (PT) to discuss these results. Company Information Publi...

2023-04-09 09:00:00 ET Summary U.S. equity markets snapped a three-week winning streak while benchmark interest rates dipped to seven-month lows after a critical slate of employment data revealed some cracking in the long-resilient labor markets. Following its strongest weekly adv...

2023-04-08 09:00:00 ET Summary My largest investment in Europe is Vonovia SE. Its real estate portfolio is today priced at a 70% discount. I present its business, recent results, and explain why I think that Vonovia SE is an exceptional opportunity. We have written a...

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...