PSA News and Press, Public Storage From 11/01/21

Public Storage (NYSE:PSA) announced today that David Lee has joined the Company as Chief Operating Officer. Mr. Lee brings more than 20 years of operations leadership to Public Storage. Prior to joining, he served as Senior Vice President of Operations at The UPS Store where he led ...

Public Storage (NYSE:PSA) announced today operating results for the three and nine months ended September 30, 2021. Highlights for the Three Months Ended September 30, 2021 Reported net income allocable to common shareholders of $2.52 per diluted share. Reported ...

Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today the acquisition of the high-quality All Storage portfolio for $1.5 billion. The portfolio comprises 56 self-storage properties (7.5 million net rentable square...

U.S. equity markets advanced for the fourth straight week on strong corporate earnings reports while investors expressed relief over continued setbacks and cuts in the Biden Administration's tax-and-spending agenda. The fate of trillions of dollars of government spending and tax hikes...

It's time to look at the October 2021 period and look at how the portfolio performed. We saw an exciting dip, and as a result, significant buying opportunities. I took advantage and put almost $11,000 to work. My dividend coverage saw a massive bump, but there's a none-income reas...

The REIT market is vast and versatile and while some will do poorly, others are likely to do very well. We expect the performance disparities from one REIT to another to grow larger in the coming years. We present two specific REITs that we have been buying lately. For furth...

We're at the halfway point of another newsworthy real estate earnings season with roughly 75 REITs reporting third quarter results. We discuss the highlights and major developments thus far. Consistent with the trends seen across the broader equity market, REIT earnings have generally...

RNP has pulled back with the rest of the REITs over the last few weeks; this could be creating an opportunity. The fund has now widened out its discount to below its 52-week average. The NAV has been holding up better relative to its sister fund, as the preferred exposure should t...

Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter third-quarter earnings season as the second-best-performing asset class this year with total...

JRS is a fund focused on REITs, but invests across the capital spectrum including preferred and some bond exposure. The fund is trading at an attractive discount, despite the returns it already provided investors for the year. The latest dip is creating more opportunity to add to ...