Public Storage

Public Storage Operating Company has placed senior notes totaling $900 million in two tranches ($400 million due 2032 at 4.70% and $500 million due 2036 at 5.15%), with a weighted average effective interest rate of 4.855%. Interest will be paid semiannually and closing is expected on July 20, 2026. Net proceeds are intended to partially finance the planned acquisition of National Storage Affiliates Trust and for general corporate purposes; if the acquisition does not occur, the notes will be repurchased at 101%. » Więcej na de.investing.com

Public Storage, one of the largest self-storage operators in the U.S., is seeing seasonal tailwinds from increased demand due to summer moves. The business model is considered stable because demand is supported by relocations, divorces, household downsizing and small businesses. As a well-known REIT, the company thus benefits in the short term from higher rental rates and occupancy. » Więcej na finanzen.net

Baron Real Estate Fund reestablished a position in Public Storage, citing due diligence that suggests stabilizing demand and rents combined with declining new supply could drive a growth reacceleration beginning in 2026. The fund noted Public Storage as a best‑in‑class self‑storage REIT with over 3,500 U.S. properties. Public Storage shares have risen recently, reflecting the fund's constructive outlook on public real estate. » Więcej na finance.yahoo.com

Public Storage will pay a dividend of $12.00 per share for fiscal year 2025, totaling $2.30 billion to shareholders. On the day of the annual meeting the share price was $308.98, giving a dividend yield for 2025 of 4.62% (previous year 4.01%). Over five years the share price rose by 11.44%; the real return including dividends is 17.77%. FactSet expects a dividend increase to $12.17 for 2026, which would lower the estimated yield to 3.94%. » Więcej na finanzen.net

Public Storage reported Q1 2026 EPS of $2.71, beating the $2.38 estimate, while revenue of $1 billion missed the $1.22 billion estimate by 18.0%. Core FFO per share rose to $4.22 (+$0.10), same-store NOI grew 0.4% and non-same-store NOI increased 27% year over year. The stock ticked up slightly in premarket trading; management maintained a cautious outlook and expects Q2 EPS of $2.53. Risks remain from supply-pressure in Sun Belt markets, supply-chain disruptions and macroeconomic volatility that could affect integration of the NSA acquisition and future revenue growth. » Więcej na de.investing.com