News
PSA
260.13
-0.80%
-2.10
Baron Real Estate Income Fund Q1 2024 Shareholder Letter
Baron Real Estate Income Fund increased 1.96% in the first quarter of 2024, outperforming the MSCI US REIT Index. The Fund's cumulative return of 64.46% was more than double that of the REIT index. Morningstar ranked the Fund as the 4th best performing real estate fund in the world.
Seeking Alpha · 2h ago
Baron Real Estate Fund Q1 2024 Shareholder Letter
Baron Real Estate Fund generated strong performance in the first quarter of 2024, gaining 8.28%. The Fund significantly outperformed the MSCI US REIT Index. The Fund's cumulative return of 558.6% significantly exceeds that of the Real Estate Index.
Seeking Alpha · 1d ago
Sell Alert: 5 Worst REIT Categories To Buy In 2024
Real estate investment trusts are at their lowest valuations since the financial crisis. But not all REITs are worth buying. Here are 5 of my least favorite REIT categories to buy in 2024. Self storage, hotels, and other hotels are the worst to avoid.
Seeking Alpha · 1d ago
REIT Public Storage Has Been And May Continue To Be A Terrible Investment
Public Storage (PSA) has over-capacity in the self-storage industry. The total return for PSA holders since July 2016 was only 41% compared to 162% for the S&P 500. Higher interest rates have had a negative impact on PSA's stock price. PSA faces a bleak future as interest rates are expected to stay higher for longer. I recommended selling PSA in a July 2016 article.
Seeking Alpha · 1d ago
What's in the Cards for Annaly (NLY) This Earnings Season?
NASDAQ · 1d ago
PUBLIC STORAGE <PSA.N>: EVERCORE ISI CUTS TARGET PRICE TO $283 FROM $292
Reuters · 2d ago
Weekly Report: what happened at PSA last week (0415-0419)?
Weekly Report · 2d ago
Real estate stocks continue on downward trajectory as market's April pullback intensifies
Real estate stocks continue on downward trajectory as market's April pullback intensifies. U.S. Existing home sales slid 4.3% in March. Economic activity expanded slightly, the Federal Reserve said in its April Beige Book report. Investors dial back interest rate cut expectations for real estate.
Seeking Alpha · 4d ago
REIT Rally 2.0: Opportunity Awaits For Investment In High-Quality Gems
Seeking Alpha · 4d ago
What to Expect From AvalonBay (AVB) This Earnings Season?
NASDAQ · 5d ago
What's in Store for Equity Residential (EQR) in Q1 Earnings?
NASDAQ · 5d ago
S&P 500 Futures Decline In Premarket Trading; Paramount Global, Revolution Medicines Lead
U.S. Stock markets set to open in two hours. Paramount Global was up 9.6% in pre-market trading. S&P 500 futures were down 0.33% in early trading. Stocks in Asia were down overnight. Bitcoin was up 1.95% to $64,785.
Barron‘s · 5d ago
S&P 500 Futures Up In Premarket Trading; Inspire Medical Systems, JB Hunt Transport Lag
U.S. Stock markets set to open in two hours. Paramount Global Cl A was up 5.8% in pre-market trading. S&P 500 futures were up 0.32%, with futures for the Dow Jones Industrial Average rising 0.23%. Stocks in Asia were mixed overnight. Bitcoin climbed 0.43% to $63,024.
Barron‘s · 04/17 11:31
Key Factors to Impact Prologis (PLD) This Earnings Season
NASDAQ · 04/16 14:52
Public Storage's Preferred Shares, Series G, Yield Pushes Past 5.5%
NASDAQ · 04/15 18:32
Short interest on S&P 500 real estate stocks advance in March
Short interest on the S&P 500 real estate stocks advanced in March to 2.07% from 1.95% a month ago. Hotel REITs and Real Estate Management & Development logged the highest increase in short interest. The Real Estate Select Sector SPDR Fund ETF is down 7.89% year-to-date.
Seeking Alpha · 04/15 15:39
BUZZ-Jefferies cuts storage REITs' PT amid lower asking rents
Jefferies cuts Public Storage and Extra Space Storages' PT amid lower asking rents. Net asking rents for PSA and EXR in Q1 declined more than 10% on a y/y basis. Jefferies remains long in the sector. PSA down 11% while EXR is down 12%.
Reuters · 04/15 12:04
Weekly Report: what happened at PSA last week (0408-0412)?
Weekly Report · 04/15 09:13
PUBLIC STORAGE <PSA.N>: JEFFERIES CUTS TARGET PRICE TO $321 FROM $331
Reuters · 04/15 05:50
Real estate stocks continue to dip as earnings season kicks off
Real estate stocks continue to dip as earnings season kicks off. The broader S&P 500 put in its worst weekly performance since late October last year. The Real Estate Select Sector SPDR Fund ETF closed 2.97% lower this week. Inflation data marred sentiments as the Q1 earnings season kicked off on a mixed note.
Seeking Alpha · 04/13 16:00
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About PSA
Public Storage is a real estate investment trust (REIT). The Company is engaged in the ownership, development, and operation of self-storage facilities and other related operations including tenant reinsurance and third-party self-storage management. It offers storage spaces for lease on a month-to-month basis, for personal and business use. Its segments include Self-Storage Operations and Ancillary Operations. The Self-Storage Operations segment includes the aggregated rental operations from the self-storage facilities it owns from same store facilities, acquired facilities, developed, and expanded facilities, and other non-same store facilities. The Ancillary Operations segment includes combined operations of its tenant reinsurance, merchandise sales, and third party property management segments. It has interests in and consolidated approximately 3,044 self-storage facilities (an aggregate of 218 million net rentable square feet of space) operating under the Public Storage name.