Self-Storage REITs: Stability Amid Pandemic [Seeking Alpha]
Public Storage (PSA)
Last public storage earnings: 4/30 04:00 pm
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US:NYSE Investor Relations:
investors.publicstorage.com/home/default.aspx
Company Research
Source: Seeking Alpha
SummarySelf-storage have delivered impressive outperformance relative to other real estate sectors amid the ongoing coronavirus pandemic, proving to be an unexpected leader following a half-decade of lukewarm fundamentals.Low balance sheet leverage, high operating margins, and limited economic sensitivity of rental demand have been in-demand attributes within the REIT sector amid a time of immense economic uncertainty.Will rents get paid? Self-storage demand has proven to be incredibly "sticky" even during the depths of the prior Financial Crisis. Rents are essentially "collateralized" by a renter's stored possessions.With REIT-leading NOI margins of around 70%, the operating efficiency of the self-storage business is second to none in the real estate sector, where properties can break even at sub-50% occupancy rates.Supply growth, which had weakened self-storage fundamentals over the last half-decade, is poised to finally cool considerably. Acquisition and consolidation opportunitie
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PSA
News
- If You Invested $10,000 In Public Storage Stock 10 Years Ago, How Much Would You Have Now? [Yahoo! Finance]Yahoo! Finance
- Public Storage (NYSE: PSA) had its price target lowered by analysts at Barclays PLC from $381.00 to $380.00. They now have an "overweight" rating on the stock.MarketBeat
- Public Storage (NYSE: PSA) had its price target lowered by analysts at Royal Bank of Canada from $358.00 to $344.00. They now have a "sector perform" rating on the stock.MarketBeat
- L.A. isn't a walking city? The man behind Great Los Angeles Walk would like a word [Los Angeles Times (CA)]Los Angeles Times
- U-Haul Holding Co (UHAL) Q2 2025 Earnings Call Highlights: Navigating Profitability Challenges ... [Yahoo! Finance]Yahoo! Finance
PSA
Earnings
- 10/30/24 - Miss
PSA
Sec Filings
- 11/6/24 - Form 4
- 11/1/24 - Form 3
- 10/31/24 - Form 8-K
- PSA's page on the SEC website