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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 10,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 3.875% Cumulative Pr...
Not all REIT sectors are the same, some sectors are a higher risk than others - RNP is primarily in the camp of quality. RNP's distribution remains attractive, though coverage dipped a bit in the latest report. The fund's steep discount is presented to investors due to REITs selli...
In the markets, SWANning means buying up companies with A-rated balance sheets. Leave the thrill-seeking stock pickers their dangerous dips, dives, and potential prizes. We’re going to stick with quality. Using our all-new iREIT IQ scoring tool, we decided to screen for the...
Insider buying increased significantly last week. Notable Insider Buys: Public Storage, IGM Biosciences, Inc., Cassava Sciences, Inc., Intra-Cellular Therapies, Inc., Nikola Corporation. Notable Insider Sells: Scientific Games Corporation, Guardant Health, Inc., Antero Midstream C...
(This report was written by Landlord Investor for our Marketplace service Yield Hunting. Members received this report on Aug. 25 and gain access to Landlord Investor's personal portfolio.) After some choppiness and basing action during May, June and half of July, the preferreds market ha...
Value investors face the challenge presented by the word "value". We must assess value to know what may be a good investment and determine its margin of safety. Many articles on Seeking Alpha report valuation of various securities by various methods. Our focus here is narrower; we are concer...
Lately, the REIT market has been a strong run. The Vanguard Real Estate ETF ( VNQ ) is up by nearly 50% since it hit bottom in March: Many investors take a quick look at this chart and conclude that it's too late to buy REITs. Prices are up very significantly in a short amount of time, e...
Written by Nick Ackerman, co-produced by Stanford Chemist Nuveen Real Estate Income Fund ( JRS ) might be the best way to play a potential rebound in the beaten-down sector of REITs. Not only are REITs beaten down with the SPDR Real Estate ETF ( XLRE ) still negative for the year - but J...
August’s nine new preferred stocks are offering an average annual dividend (coupon) of 6.7 percent, an average current yield (which does not consider reinvested dividends or capital gain/loss) of 6.5 percent and an average Yield-To-Call (which does consider reinvested dividends and capi...
Introduction Since September last year, when Public Storage, Inc. ( PSA ) was the first company since 2016 to issue preferred stock with a nominal yield of below the 5% threshold with PSA-I (4.875% nominal yield), companies began to cross this threshold more and more often, issuing their...
News, Short Squeeze, Breakout and More Instantly...
2024-08-04 08:48:00 ET Public Storage (NYSE: PSA) is one of the top companies in the real estate investment trust (REIT) space. It's the industry leader in the self-storage sector, with 3,369 properties comprising 243 million square feet of rentable space across 40 states. ...
Public Storage (NYSE:PSA) announced today that on August 1, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on September 30, ...
Public Storage (NYSE:PSA) announced today operating results for the three and six months ended June 30, 2024. “The Public Storage team is executing well on our strategic initiatives, including enhancing our operating efficiencies, achieving industry-leading margins, and delivering reco...