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
- Public Storage (PSA) had its price target raised by Barclays PLC from $331.00 to $347.00. They now have an "overweight" rating on the stock.MarketBeat
- Public Storage (PSA) had its price target raised by Scotiabank from $300.00 to $319.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Public Storage and Welltower Announce Strategic Data Science Partnership to Advance Application of AI in Real Estate InvestingBusiness Wire
- Public Storage (NYSE:PSA) had its "buy" rating reaffirmed by analysts at The Goldman Sachs Group, Inc..MarketBeat
- Public Storage Declares First Quarter 2026 DividendsBusiness Wire
PSA
Earnings
- 2/12/26 - Beat
PSA
Sec Filings
- 3/3/26 - Form 4
- 3/2/26 - Form 8-K
- 2/24/26 - Form 4/A
- PSA's page on the SEC website