Report
EUR 12.95 For Business Accounts Only

An unfavourable environment weighs on PUBLIC STORAGE, which sees a downgrade to Neutral

The independent financial analyst theScreener just requalified the general evaluation of PUBLIC STORAGE (US), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date September 21, 2021, the closing price was USD 311.93 and its target price was estimated at USD 289.31.
Underlying
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.

Provider
TheScreener
TheScreener

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