MARKET COMPOSITE
PSA - Public Storage8:00:02 PM 4/18/2024
Price
$260.28
-1.53 (-0.58%)
Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust . It is the largest brand of self-storage services in the US. In 2008, it was the largest of four publicly traded storage REITs. There are more than 2,200 Public Storage self-storage locations in the US, Canada and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services. As a REIT, it is owned by real estate investors, who receive more than 90 percent of the company's profits as a return-on-investment. Public Storage Inc. was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It grew to 1,000 locations by 1989, using funding from investors in real estate limited partnerships . The private company was re-structured as a publicly traded REIT in 1995, when Storage Equities merged with Public Storage and adopted its name. In 2006 it acquired Shurgard Storage Centers in a $5.5 billion transaction. Shurgard has since been spun-out in to a separate publicly traded entity, with Public Storage retaining 36.6% of the company.
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    Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors. Let'

    Wednesday was not the day to bet on real-estate stocks. The sector was down 4.5% in recent trading, easily the worst performance of the S&P 500's 11 segments. The decline put it on pace for its worst day since June 2022.

    GLENDALE, Calif., April 09, 2024--Public Storage (NYSE:PSA, the "Company") announced today that the Company’s subsidiary, Public Storage Operating Company ("PSOC"), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the "Notes"). The Notes will be guaranteed by the Company.

    In this article, we will take a look at the 10 stocks receiving a massive vote of approval from Wall Street analysts. If you want to see some more stocks on the list, go directly to 5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts. Bond yields surged to their highest levels of […]

    GLENDALE, Calif., April 04, 2024--Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2024 earnings results after the market close on Tuesday, April 30, 2024. A conference call is scheduled for Wednesday, May 1, 2024, at 9:00 a.m. (PT) to discuss these results.

    In this article, we will look into the 16 biggest self storage companies in the US. If you want to skip our detailed analysis, you can go directly to the 5 Biggest Self Storage Companies in the US. US Self Storage Market According to a report by Mordor Intelligence, the US self storage market is […]

    Public Storage (PSA) is poised to gain from high brand value, strategic acquisitions and a robust presence in key cities. However, weaker demand, a development boom and high interest rates are concerns.

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