PSA News and Press, Public Storage From 08/09/22

Anyone who lived through the Great Recession, the worst housing market crash in nearly 100 years, can tell you that these meltdowns aren't fun. Depressed property values, higher vacancies, increased mortgage delinquencies, and lower demand hurts nearly every sector within the real estate ma...

U.S. equity markets were mixed this week after a surprisingly strong payrolls report cast doubt on the likelihood of a "Fed pivot" towards less aggressive tightening, sending benchmark interest rates sharply higher. On the heels of its best month since November 2020, the S&P 500 a...

Public Storage (PSA) Q2 2022 Results Conference Call August 05, 2022 12:00 PM ET Company Participants Ryan Burke - VP, IR Joe Russell - President and CEO Tom Boyle - CFO Conference Call Participants Jeff Spector - Bank of America Michael Goldsmith...

Public Storage press release ( NYSE: PSA ): Q2 FFO of $3.99 beats by $0.07 . Revenue of $788.9M (+15.9% Y/Y) misses by $221.1M . Increased Same Store (as defined below) direct net operating income by 17.8%, resulting from a 15.9% increase in Same Store revenues...

Public Storage (NYSE:PSA) announced today operating results for the three and six months ended June 30, 2022. “Public Storage’s operating strength was evident during the quarter, with strong performance across the same store and non-same store portfolios driving an inc...

July’s results were excellent, with strong positive returns overall outperforming broad market indexes which themselves had a very strong month. During the month, broad market indexes rallied sharply as expectations of future interest rate increases declined. The stocks tha...

Global electric car sales for June 2022 - Up 54% YoY reaching 16% share. China sales up 132% YoY to 28% share. Europe sales down 8% YoY to 21% share. EV market news - US crosses the electric-car tipping point for mass adoption. Reconciliation Bill has $369 billion to fight climate cha...

Rental investors argue that REITs are less rewarding than rentals. But in reality, they suffer misconceptions and overstate their returns. We present 10 reasons why REITs are more rewarding investments. Earlier this month, I posted an article in which I explained...

Global Self Storage has done incredibly well in recent months, with revenue and cash flows continuing to grow. Despite seeing its share price rise, the stock is still trading at a discount to much larger peers. Given recent performance, I suspect the business will continue to be w...

Inflation can erode a company's profitability, which is why in today's world, it's more important than ever for investors to pay attention to profit margins. If a company's profit margin is slim, then a surge in expenses can easily put its bottom line into the red. Two companies with si...