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2023-05-16 15:02:56 ET Summary REITs are facing an "existential crisis" according to some investors. They claim that REITs will go bankrupt as they fail to refinance their debt. We look into these claims and share our thoughts. Recently, someone told me that "your RE...
2023-05-16 00:17:48 ET Summary Life Storage recently announced a merger with Extra Space Storage. This is going to make EXR the biggest player in the self storage market with 12% of the market share. As the EXR shares that LSI shareholders will receive offer little upside, I r...
2023-05-10 12:30:41 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Real estate investment trust or REIT stocks are popular with many income-oriented investors. Why shouldn’t they be? These stocks tend to have higher-than-average yields, and it’s ...
2023-05-10 06:24:08 ET Summary Global electric car sales for March 2023 were up 28% YoY to 16% share. China sales up 23% YoY to 34% share. Europe up 29% YoY to 23% share. EV market news - EPA proposes auto pollution limits to aggressively boost EV sales. IEA says "nearly one in fi...
2023-05-08 10:03:46 ET Summary CubeSmart is the 3rd biggest self storage company in the US. It has delivered good results in the last quarter but is overvalued in terms of the implied cap rate and P/FFO. My analysis of the company leads me to a hold rating. Backgroun...
2023-05-04 15:40:20 ET Public Storage (PSA) Q1 2023 Earnings Conference Call May 04, 2023 12:00 PM ET Company Participants Ryan Burke - Vice President of Investor Relations Joseph Russell - President and Chief Executive Officer Tom Boyle - Senior Vice President, ...
2023-05-04 08:05:00 ET Summary Many REITs are today very opportunistic. But not all of them are. We present 2 popular REITs that we would avoid. I am very bullish on REITs ( VNQ ) and these are not empty words as I have about half of my net worth invested in them: ...
2023-05-03 18:05:37 ET Public Storage ( NYSE: PSA ) on Wednesday reported Q1 FFO above Street estimates , and slightly narrowed its 2023 guidance ranges for FFO and revenue. The self-storage company now expects 2023 core FFO per share of $16.15-$16.80 vs. prior outlook of $1...
2023-05-03 16:14:04 ET Public Storage press release ( NYSE: PSA ): Q1 FFO of $4.08 beats by $0.09 . Revenue of $848.7M (+9.8% Y/Y) misses by $241.3M . Increased Same Store direct net operating income by 10.2%, resulting from a 9.8% increase in Same Store revenu...
Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2023. “Public Storage’s first quarter was robust, with move-in volumes up nearly 13%, same store NOI up more than 11%, and non-same store acquisition and development NOI up nearly 30...
News, Short Squeeze, Breakout and More Instantly...
Public Storage (NYSE:PSA) (the “Company”) announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders. Ms. Hawthorne will serve as a member of the Audit Committee. ...
Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2024 earnings results after the market close on Tuesday, July 30, 2024. A conference call is scheduled for Wednesday, July 31, 2024, at 9:00 a.m. (PT) to discuss these results. About Public Storage ...
2024-07-03 23:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...