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Summary Public Storage has launched a hostile takeover bid for Life Storage with an all-stock offer. The 1980s called - they want their M&A tactics back. Hostile takeovers aren't very common anymore - this deal is notable for being hostile, all-stock, and for the antitrust atten...
Summary This article is focused on two dividend stocks that had prolonged periods of zero dividend growth, which upset a lot of investors. I start with a theoretical introduction before I show you why Valero Energy and Public Storage finally hiked their dividends and what we can expect ...
Summary Public Storage wants to acquire Life Storage. PSA also hiked its dividend by a hefty 50%. PSA is not ultra-cheap but is not excessively expensive, either. Article Thesis Public Storage ( PSA ), one of the highest-quality REITs investors can choose from, has...
Summary Public Storage aims to acquire its smaller peer Life Storage in an all-stock deal. The offer is perceived as hostile, which likely means that the offer needs to be raised in order to become a success. I remain cautious on Public Storage based on valuation concerns, even as t...
Public Storage (NYSE: PSA) is already the largest real estate investment trust (REIT) focused on self-storage properties. However, it wants to supersize that portfolio by acquiring rival self-storage REIT Life Storage (NYSE: LSI) . While Life Storage has repeatedly rebuf...
Summary The high inflation rate is forcing people to look for a good store of wealth. Real estate can generally offer that due to its limited supply and inability to be created without real human or mechanical effort. IGR invests in a real estate portfolio intended to deliver a high...
Life Storage ( NYSE: LSI ) jumped 11% after Public Storage ( NYSE: PSA ) made an unsolicited $11 billion takeover offer for the rival self-storage company. Public Storage ticked down 0.2%. Under the proposed transaction, holders of Life Storage ( LSI ) would ...
Summary With PSA's most recent moves, including the increased dividend, LSI's management team will have to engage in M&A discussions. We believe that any discussions will lead to a higher valuation for LSI, especially as the deal is all-equity and taxable to LSI shareholders. Th...
Life Storage (NYSE: LSI) deserves to be included in the pantheon of powerhouse dividend stocks for a couple of good reasons: Its proven performance record and its position in a niche that's still growing. For starters, as a real estate investment trust (REIT), Life Storage is oblige...
Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify U.S.-China relations on edge after spy balloon is shot down. Dell ( DELL ) to slash 6,650 jobs , ~5% of global workforce - report. After recent cuts, Tesla ( TSLA ) lifts Model Y pri...
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Equity LifeStyle Properties Set to Join S&P MidCap 400 Equity LifeStyle Properties Set to Join S&P MidCap 400 PR Newswire NEW YORK , July 19, 2023 /PRNewswire/ -- Equity LifeStyle Properties Inc. (NYSE:ELS) will replace Life Storage Inc. (NYSE:LS...
Extra Space and Life Storage Stockholders Approve Merger PR Newswire SALT LAKE CITY and BUFFALO, N.Y. , July 18, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) ("Extra Space" or "EXR") and Life Storage, Inc. (NYSE: LSI) ("Life Storage" or "LSI") to...
David Dodman, COO of Life Storage, To Add CFO Responsibilities Life Storage, Inc. (NYSE: LSI) (“the Company”), a self-storage real estate investment trust (REIT), today announced with great sadness that Alexander Gress, the Company’s Chief Financial Officer, passed ...