Public Storage

Public Storage is a real estate investment trust. The company's business activities include: Self-storage Operations, which acquires, develops, owns and operates self-storage facilities that provide storage spaces for lease on a month-to-month basis, for personal and business use; Ancillary Operations, which reinsures policies against losses to goods stored by customers in the company's self-storage facilities and sells merchandise, mainly locks and cardboard boxes, at its self-storage facilities; and Investment in PS Business Parks Inc. (PSB), in which the company has an equity interest in PSB that owns, operates, acquires and develops commercial properties, mainly multi-tenant flex, office, and industrial parks.
  • TickerPSA
  • ISINUS74460D1090
  • ExchangeNew York Stock Exchange
  • SectorReal Estate Investment Trusts
  • CountryUnited States
PSA PUBLIC STORAGE (Real Estate)

PUBLIC STORAGE reduced its risk exposure resulting in an upgrade to Sl...

PUBLIC STORAGE (US), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date April 30, 2021, the closing price was USD 281.16 and its potential was estimated at USD 295.22.

PSA PUBLIC STORAGE (Real Estate)

Public Storage: Update to credit analysis following ezStorage transact...

Our credit view of Public Storage, reflecting its leading market positioning and sound capital structure, albeit leverage is increasing from low levels.

PSA PUBLIC STORAGE (Real Estate)

Moody's announces completion of a periodic review of ratings of Public...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Public Storage. Global Credit Research- 14 Apr 2021. New York, April 14, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Public Storage and other ratings that are associated with the same analytical unit.

PSA PUBLIC STORAGE (Real Estate)

Moody's affirms Public Storage's A2 rating, stable outlook

Rating Action: Moody's affirms Public Storage's A2 rating, stable outlook. Global Credit Research- 13 Apr 2021. New York, April 13, 2021-- Moody's Investors Service, has affirmed the ratings of Public Storage, including its A2 senior unsecured and A3 preferred stock ratings.

Valens Research
  • Valens Research
PSA PUBLIC STORAGE (Real Estate)

PSA - Embedded Expectations Analysis - 2021 02 22

Public Storage (PSA:USA) currently trades at historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management may be concerned about rent growth, move-in and move-out volumes, and the sustainability of storage demand Specifically, management may lack confidence in their ability to maintain long-term tenant renewals, drive rent growth through new tenant rent increases, and sustain increased move-in activity. Moreover, they may have concerns about the rent impact of declining move-out activit...

PSA PUBLIC STORAGE (Real Estate)

PUBLIC STORAGE reduced its risk exposure resulting in an upgrade to Sl...

PUBLIC STORAGE (US), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date April 30, 2021, the closing price was USD 281.16 and its potential was estimated at USD 295.22.

PSA PUBLIC STORAGE (Real Estate)

Public Storage: Update to credit analysis following ezStorage transact...

Our credit view of Public Storage, reflecting its leading market positioning and sound capital structure, albeit leverage is increasing from low levels.

PSA PUBLIC STORAGE (Real Estate)

Moody's announces completion of a periodic review of ratings of Public...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Public Storage. Global Credit Research- 14 Apr 2021. New York, April 14, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Public Storage and other ratings that are associated with the same analytical unit.

PSA PUBLIC STORAGE (Real Estate)

Moody's affirms Public Storage's A2 rating, stable outlook

Rating Action: Moody's affirms Public Storage's A2 rating, stable outlook. Global Credit Research- 13 Apr 2021. New York, April 13, 2021-- Moody's Investors Service, has affirmed the ratings of Public Storage, including its A2 senior unsecured and A3 preferred stock ratings.

Valens Research
  • Valens Research
PSA PUBLIC STORAGE (Real Estate)

PSA - Embedded Expectations Analysis - 2021 02 22

Public Storage (PSA:USA) currently trades at historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management may be concerned about rent growth, move-in and move-out volumes, and the sustainability of storage demand Specifically, management may lack confidence in their ability to maintain long-term tenant renewals, drive rent growth through new tenant rent increases, and sustain increased move-in activity. Moreover, they may have concerns about the rent impact of declining move-out activit...

PSA PUBLIC STORAGE (Real Estate)

PUBLIC STORAGE reduced its risk exposure resulting in an upgrade to Sl...

PUBLIC STORAGE (US), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date April 30, 2021, the closing price was USD 281.16 and its potential was estimated at USD 295.22.

PSA PUBLIC STORAGE (Real Estate)

Public Storage: Update to credit analysis following ezStorage transact...

Our credit view of Public Storage, reflecting its leading market positioning and sound capital structure, albeit leverage is increasing from low levels.

PSA PUBLIC STORAGE (Real Estate)

Moody's announces completion of a periodic review of ratings of Public...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Public Storage. Global Credit Research- 14 Apr 2021. New York, April 14, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Public Storage and other ratings that are associated with the same analytical unit.

PSA PUBLIC STORAGE (Real Estate)

Moody's affirms Public Storage's A2 rating, stable outlook

Rating Action: Moody's affirms Public Storage's A2 rating, stable outlook. Global Credit Research- 13 Apr 2021. New York, April 13, 2021-- Moody's Investors Service, has affirmed the ratings of Public Storage, including its A2 senior unsecured and A3 preferred stock ratings.

Valens Research
  • Valens Research
PSA PUBLIC STORAGE (Real Estate)

PSA - Embedded Expectations Analysis - 2021 02 22

Public Storage (PSA:USA) currently trades at historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management may be concerned about rent growth, move-in and move-out volumes, and the sustainability of storage demand Specifically, management may lack confidence in their ability to maintain long-term tenant renewals, drive rent growth through new tenant rent increases, and sustain increased move-in activity. Moreover, they may have concerns about the rent impact of declining move-out activit...

PSA PUBLIC STORAGE (Real Estate)

PUBLIC STORAGE reduced its risk exposure resulting in an upgrade to Sl...

PUBLIC STORAGE (US), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date April 30, 2021, the closing price was USD 281.16 and its potential was estimated at USD 295.22.

PSA PUBLIC STORAGE (Real Estate)

Public Storage: Update to credit analysis following ezStorage transact...

Our credit view of Public Storage, reflecting its leading market positioning and sound capital structure, albeit leverage is increasing from low levels.

PSA PUBLIC STORAGE (Real Estate)

Moody's announces completion of a periodic review of ratings of Public...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Public Storage. Global Credit Research- 14 Apr 2021. New York, April 14, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Public Storage and other ratings that are associated with the same analytical unit.

PSA PUBLIC STORAGE (Real Estate)

Moody's affirms Public Storage's A2 rating, stable outlook

Rating Action: Moody's affirms Public Storage's A2 rating, stable outlook. Global Credit Research- 13 Apr 2021. New York, April 13, 2021-- Moody's Investors Service, has affirmed the ratings of Public Storage, including its A2 senior unsecured and A3 preferred stock ratings.

Valens Research
  • Valens Research
PSA PUBLIC STORAGE (Real Estate)

PSA - Embedded Expectations Analysis - 2021 02 22

Public Storage (PSA:USA) currently trades at historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management may be concerned about rent growth, move-in and move-out volumes, and the sustainability of storage demand Specifically, management may lack confidence in their ability to maintain long-term tenant renewals, drive rent growth through new tenant rent increases, and sustain increased move-in activity. Moreover, they may have concerns about the rent impact of declining move-out activit...

PSA PUBLIC STORAGE (Real Estate)

PUBLIC STORAGE reduced its risk exposure resulting in an upgrade to Sl...

PUBLIC STORAGE (US), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date April 30, 2021, the closing price was USD 281.16 and its potential was estimated at USD 295.22.

PSA PUBLIC STORAGE (Real Estate)

Public Storage: Update to credit analysis following ezStorage transact...

Our credit view of Public Storage, reflecting its leading market positioning and sound capital structure, albeit leverage is increasing from low levels.

PSA PUBLIC STORAGE (Real Estate)

Moody's announces completion of a periodic review of ratings of Public...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Public Storage. Global Credit Research- 14 Apr 2021. New York, April 14, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Public Storage and other ratings that are associated with the same analytical unit.

PSA PUBLIC STORAGE (Real Estate)

Moody's affirms Public Storage's A2 rating, stable outlook

Rating Action: Moody's affirms Public Storage's A2 rating, stable outlook. Global Credit Research- 13 Apr 2021. New York, April 13, 2021-- Moody's Investors Service, has affirmed the ratings of Public Storage, including its A2 senior unsecured and A3 preferred stock ratings.

Valens Research
  • Valens Research
PSA PUBLIC STORAGE (Real Estate)

PSA - Embedded Expectations Analysis - 2021 02 22

Public Storage (PSA:USA) currently trades at historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management may be concerned about rent growth, move-in and move-out volumes, and the sustainability of storage demand Specifically, management may lack confidence in their ability to maintain long-term tenant renewals, drive rent growth through new tenant rent increases, and sustain increased move-in activity. Moreover, they may have concerns about the rent impact of declining move-out activit...

PSA PUBLIC STORAGE (Real Estate)

PUBLIC STORAGE reduced its risk exposure resulting in an upgrade to Sl...

PUBLIC STORAGE (US), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date April 30, 2021, the closing price was USD 281.16 and its potential was estimated at USD 295.22.

PSA PUBLIC STORAGE (Real Estate)

Public Storage: Update to credit analysis following ezStorage transact...

Our credit view of Public Storage, reflecting its leading market positioning and sound capital structure, albeit leverage is increasing from low levels.

PSA PUBLIC STORAGE (Real Estate)

Moody's announces completion of a periodic review of ratings of Public...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Public Storage. Global Credit Research- 14 Apr 2021. New York, April 14, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Public Storage and other ratings that are associated with the same analytical unit.

PSA PUBLIC STORAGE (Real Estate)

Moody's affirms Public Storage's A2 rating, stable outlook

Rating Action: Moody's affirms Public Storage's A2 rating, stable outlook. Global Credit Research- 13 Apr 2021. New York, April 13, 2021-- Moody's Investors Service, has affirmed the ratings of Public Storage, including its A2 senior unsecured and A3 preferred stock ratings.

Valens Research
  • Valens Research
PSA PUBLIC STORAGE (Real Estate)

PSA - Embedded Expectations Analysis - 2021 02 22

Public Storage (PSA:USA) currently trades at historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management may be concerned about rent growth, move-in and move-out volumes, and the sustainability of storage demand Specifically, management may lack confidence in their ability to maintain long-term tenant renewals, drive rent growth through new tenant rent increases, and sustain increased move-in activity. Moreover, they may have concerns about the rent impact of declining move-out activit...

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