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) announced it will release its third quarter 2020 earnings on November 4, 2020. A conference call will take place on November 5, 2020, at 9:00 a.m. PST to discuss the results. At the end of Q2 2020, Public Storage had interests in 2,500 self-storage facilities across 38 states with approximately 171 million net rentable square feet. The company also holds significant equity interests in Shurgard Self Storage and PS Business Parks. More details are available on their investor relations website.
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.