PSA News and Press, Public Storage From 09/17/23

2023-09-17 09:00:00 ET Summary U.S. equity markets slumped for a third-straight week while benchmark interest rates returned to the cusp of multi-decade highs after inflation data showed a modest reacceleration in price pressures. The disappointing setback follows several quarters...

Public Storage (NYSE:PSA) (the “Company”) announced today that it has completed the previously announced acquisition of Simply Self Storage (“Simply”) from Blackstone Real Estate Income Trust, Inc. (“BREIT”) for $2.2 billion. The portfolio comprises 1...

2023-09-12 07:00:00 ET Summary Loneliness has negative effects on physical and emotional health outcomes and overall wellbeing. Our desire for companionship is natural and built into our biology. Seeking validation through brand names and peer approval can lead to short-term s...

2023-09-11 10:56:39 ET Summary Global electric car sales July 2023 up 41% YoY to a 16% share. China sales are up 31% to a 38% share. Europe sales are up 48% to a 23% share. USA sales are up 53% to a 9% share. EV market news - The IEA is forecasting 14m global plugin electric car s...

2023-09-11 09:15:00 ET Summary REITs are reviled and shunned by the market, having lost ~30% of their value since the beginning of 2022. Higher interest rates along with negative sentiment from office properties' particular troubles have created a perfect storm for public real est...

2023-09-11 08:25:00 ET Summary There are 100s of REITs out there. Being selective is very important. I present one REIT to sell and another one to buy in the same sector. The REIT market is vast and versatile. In the US alone, there are over 200 REITs, and they i...

2023-09-08 05:29:59 ET Summary Public Storage's attempt to acquire Life Storage fell through, leading to a smaller deal with Blackstone. The company has benefited from increased adoption and growth in the self-storage industry, as this might level off. Public Storage's stock h...

2023-09-08 04:25:35 ET Summary Self-storage REITs have presented a compelling investment for the last decade. Public Storage, the largest self-storage player in the US, has benefited from this growth over the long term, but its stock has declined 18.5% in the past year. We thi...

Public Storage (NYSE:PSA) announced today the launch of the Savvy Storage Insurance Program ® (“Savvy”), a one-of-a-kind tenant insurance offering that will enable property owners to increase ancillary revenues while enhancing the customer experience. The program is offered...

2023-08-31 09:00:00 ET Summary Rates Up, REITs Down. Commercial and residential real estate markets remain an easy transmission mechanism - or "punching bag" - of the Federal Reserve's historically swift monetary tightening cycle. Higher For Longer? The business models of many pri...