Welcome to our dedicated page for Public Storage news (Ticker: PSA), a resource for investors and traders seeking the latest updates and insights on Public Storage stock.
Public Storage reports news on its self-storage REIT operations, dividend actions, operating results, and capital allocation initiatives. The company primarily acquires, develops, owns, and operates self-storage facilities across the United States and holds a common equity interest in Shurgard Self Storage, which operates facilities in Western Europe under the Shurgard brand.
Recurring developments include quarterly common and preferred share dividends, earnings releases and conference calls, capital-structure updates, governance and leadership matters, and initiatives tied to operating analytics, revenue management, customer behavior modeling, demand forecasting, and the company’s PS4.0 strategy.
Public Storage (NYSE: PSA) has announced a public offering of 10 million depositary shares at $25 each, aiming for $250 million in gross proceeds. Each depositary share represents 1/1,000 of a 3.875% Cumulative Preferred Share, Series N. The offering is set to close around October 6, 2020, pending customary conditions. Funds are intended for investments in self-storage facilities, development, and general corporate purposes, including redeeming existing preferred shares. BofA Securities, Morgan Stanley, UBS, and Wells Fargo are managing the offering.