Public Storage Common Stock (PUP)
Summary
PUP Chart
Why Is Public Storage (PSA) Down 2% Since Last Earnings Report?
Public Storage (PSA) reported earnings 30 days ago. What's next for the stock?
Public Storage: Preferred Shares Poised To Benefit From Lower Interest Rates
Public Storage demonstrates robust FFO and FAD, ensuring strong coverage of both common and preferred dividends. PSA's recent acquisition of National Storage is expected to be FFO-accretive, supporting ongoing dividend coverage and growth. I favor PSA's Series N preferred stock, offering a 6.45% yield and significant upside potential if interest rates decline.
Public Storage Q2 Earnings Call Highlights
Public Storage NYSE: PSA said its second-quarter operating trends improved and raised its 2026 guidance, while highlighting the completed acquisition of National Storage Affiliates and a planned entry into Canada through the acquisition of Public Storage Canada.
Public Storage Common Stock (PUP) FAQ
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Public Storage Common Stock Profile
| Industrial REITs Industry | Real Estate Sector | H. Thomas Boyle CEO | XMUN Exchange | US74460D1090 ISIN |
| US Country | 5,770 Employees | 15 Sep 2026 Last Dividend | 14 Aug 2023 Last Split | 18 Nov 1980 IPO Date |
Overview
Public Storage stands as a leading entity in the self-storage sector, marking its presence both in the United States and internationally. As a significant player in the real estate investment trust (REIT) market, Public Storage has cemented its position by being a part of prestigious indexes such as the S&P 500 and FT Global 500. The company's strategic focus on acquiring, developing, owning, and operating self-storage facilities has resulted in a vast network. By the end of December 31, 2023, Public Storage's extensive portfolio included interests in 3,044 self-storage facilities across 40 states in the United States, encompassing approximately 218 million net rentable square feet. Additionally, its international presence is bolstered through a 35% common equity interest in Shurgard Self Storage Limited, a notable player in the European market. Shurgard operates 275 self-storage facilities across seven Western European countries, with around 15 million net rentable square feet under its brand. Public Storage's headquarters, strategically located in Glendale, California, serves as the central hub for its expansive operations.
Products and Services
- Self-storage Facilities in the United States
Public Storage owns and operates a vast array of self-storage facilities across 40 states in the United States, with a collective reach of approximately 218 million net rentable square feet. This extensive network ensures a wide range of storage solutions for personal, business, and vehicle needs, catering to a diverse customer base seeking secure and accessible storage options.
- Equity Interest in Shurgard Self Storage Limited
Through its 35% common equity interest in Shurgard Self Storage Limited, Public Storage extends its footprint into the European self-storage market. Shurgard, listed on Euronext Brussels (SHUR), owns and operates 275 self-storage facilities across seven Western European nations. This strategic investment allows Public Storage to offer approximately 15 million net rentable square feet of storage space in Europe, operated under the reputed Shurgard brand, thus providing a seamless storage experience for customers in both the US and European markets.
