Public Storage Stock News

Public Storage is a compelling REIT due to its focus on storage unit properties, offering stability and growth potential. As the largest player in the American storage unit market, it holds a dominant position with significant competitive advantages. The investment thesis highlights its market leadership, strong financials, and consistent demand for storage solutions.

My portfolio gained significantly post-election, driven by industrial and energy stocks, while REITs and tariff-prone companies faced pressure from rising rates and trade uncertainties. I see value in stocks like Canadian Pacific and select REITs, which were sold off prematurely due to investor overreaction. Regardless of political changes, my focus remains on building a resilient portfolio wit...

Public Storage (PSA) Q3 2024 Earnings Call Transcript

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA; the “Company”) announced today that Chris Sambar has joined the Company as Chief Operating Officer. Mr. Sambar brings significant leadership experience to Public Storage. Most recently, he was President at AT&T Communications and led approximately 27,000 employees across network operations. Prior to this role, he served in various lea...

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its third quarter 2024 earnings results after the market close on Wednesday, October 30, 2024. A conference call is scheduled for Thursday, October 31, 2024, at 9:00 a.m. (PT) to discuss these results. Live conference call Domestic dial-in number: (877) 407-9039 International dial-in number: (201)...

Historically, REITs outperform the S&P 500 after rising interest rates, with recent data showing a 25% return from May to September 2024. Mortgage rates impact REITs differently, with lower rates boosting rental demand for multifamily and SFR REITs, but potentially increasing home prices. The "lock-in effect" limits home sales, benefiting multifamily and SFR REITs by driving rental demand, whil...

I considered selling several stocks to consolidate my portfolio, but ultimately decided to keep them. Each investment still aligns with my long-term strategy. While not all of them are particularly cheap, they offer strong fundamentals and growth potential, making them worth holding despite their current valuations. I'm sticking to my “never sell” approach for now, focusing on adding to these p...

REITs remain extremely cheap, even following the recent rally. This is especially true for more speculative REITs. I highlight 2 REITs that could triple.