PSA News and Press, Public Storage From 05/08/23

2023-05-08 10:03:46 ET Summary CubeSmart is the 3rd biggest self storage company in the US. It has delivered good results in the last quarter but is overvalued in terms of the implied cap rate and P/FFO. My analysis of the company leads me to a hold rating. Backgroun...

2023-05-04 15:40:20 ET Public Storage (PSA) Q1 2023 Earnings Conference Call May 04, 2023 12:00 PM ET Company Participants Ryan Burke - Vice President of Investor Relations Joseph Russell - President and Chief Executive Officer Tom Boyle - Senior Vice President, ...

2023-05-04 08:05:00 ET Summary Many REITs are today very opportunistic. But not all of them are. We present 2 popular REITs that we would avoid. I am very bullish on REITs ( VNQ ) and these are not empty words as I have about half of my net worth invested in them: ...

2023-05-03 18:05:37 ET Public Storage ( NYSE: PSA ) on Wednesday reported Q1 FFO above Street estimates , and slightly narrowed its 2023 guidance ranges for FFO and revenue. The self-storage company now expects 2023 core FFO per share of $16.15-$16.80 vs. prior outlook of $1...

2023-05-03 16:14:04 ET Public Storage press release ( NYSE: PSA ): Q1 FFO of $4.08 beats by $0.09 . Revenue of $848.7M (+9.8% Y/Y) misses by $241.3M . Increased Same Store direct net operating income by 10.2%, resulting from a 9.8% increase in Same Store revenu...

Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2023. “Public Storage’s first quarter was robust, with move-in volumes up nearly 13%, same store NOI up more than 11%, and non-same store acquisition and development NOI up nearly 30...

2023-05-01 08:05:00 ET Summary REITs can be very rewarding investments. But many investors fail to fully appreciate their returns. I share three easy-to-implement tips to get more out of your REITs. REITs can be incredibly rewarding investments. Over the long run...

2023-05-01 04:33:00 ET Summary Baron Real Estate Income Fund increased 4.73% (Institutional Shares) in the first quarter of 2023, outperforming the MSCI US REIT Index (the REIT Index), which increased 2.39%. We remain optimistic about the prospects for the stock market, public REI...

2023-04-25 10:00:00 ET Summary Real estate earnings season kicks into gear this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. This report discusses the major high-level themes and metrics we'll...

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...