PSA News and Press, Public Storage From 08/18/21

Public Storage (NYSE:PSA) today announced the passing of its co-founder and Chairman Emeritus, B. Wayne Hughes, on August 18, 2021. In 1972, Mr. Hughes and Kenneth Q. Volk Jr. founded the Company, which has since grown into the world leader in self-storage, with equity interests in ...

SmartStop Self Storage REIT (OTC:STSFF) is in talks with underwriters for a possible initial public offering that could occur as soon as this year, Bloomberg reports, citing people familiar with the matter. The non-publicly traded REIT manages ~$1.8B of assets, including a portfolio of 155 pr...

In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REIT company-level metrics have exhibited a substantial rebound over the last year as FFO and dividends...

Land & Buildings Investment Management takes a new stake in Lexington Realty Trust (NYSE:LXP) and exits Monmouth Real Estate Investment (NYSE:MNR) during Q2, according to its latest 13F filing. MNR has been the focus of a takeover battle between Equity Commonwealth, which sweetened its bi...

It’s during these challenging times that I have learned the most, and Covid-19 has been no exception. It’s rent that makes the REIT world spin, and that’s why our emphasis at iREIT on Alpha is to study underlying cash flows. We have found that the analyst who ...

U.S. equity markets edged to fresh record-highs this week, shrugging-off the "fourth wave" of the COVID pandemic and another round of red-hot inflation data that has weighed on consumer sentiment. Real estate equities delivered a mixed week - but remain the top-performing asset class ...

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Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced that the Company has priced a public offering of 5,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 3.950% Cumulative Pre...

U.S. equity markets climbed to fresh record highs this past week as better-than-expected employment data eased some concern over threats of another potential wave of COVID-related economic restrictions. The U.S. economy added 942k jobs in July, while continuing jobless claims fel...

REIT earnings season has provided critical information on the state of the real estate industry - a much-needed check-in amid fears of a potential "fourth wave" of the COVID pandemic. Results were significantly better-than-expected with roughly 95% of equity REITs beating consensus FF...