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Public Storage. - PSA STOCK NEWS

Welcome to our dedicated news page for Public Storage. (Ticker: PSA), a resource for investors and traders seeking the latest updates and insights on Public Storage..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Public Storage.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Public Storage.'s position in the market.

News
Public Storage Announces Closing of Simply Self Storage Acquisition
Rhea-AI Summary
Public Storage completes acquisition of Simply Self Storage for $2.2 billion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
acquisition
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News
Public Storage Launches Savvy Insurance to Serve the Self-Storage Industry
Rhea-AI Summary
Public Storage launches Savvy Storage Insurance Program, offering property owners increased ancillary revenues and enhanced customer experience. Program benefits include easy onboarding, experienced support, advantaged compensation, and higher customer adoption rates. Integration with Storable's technology solutions. Potential expansion to more software platforms and property owners. Public Storage owns 2,888 self-storage facilities in the US and has a 35% equity interest in Shurgard Self Storage Limited.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
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none
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News
Public Storage Reports Results for the Three and Six Months Ended June 30, 2023
Rhea-AI Summary
Public Storage (NYSE:PSA) reported strong operating results for Q2 2023, with record customer move-in volume growth of 13.6%, stabilized same store NOI growth of 6.6%, and non-same store lease-up NOI growth of 20%. Net income allocable to common shareholders was $3.00 per diluted share, while core FFO per diluted share increased by 11.5%. Public Storage acquired 11 self-storage facilities for $144.0 million during the quarter and entered into a definitive agreement to acquire BREIT Simply Storage LLC for $2.2 billion. The company also completed various expansion projects costing $19.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
Tags
none
News
Public Storage and Solar Landscape Announce Multistate Community Solar Portfolio
Rhea-AI Summary
Public Storage (NYSE:PSA) and Solar Landscape are constructing 133 rooftop community solar projects in Maryland, New Jersey, and Illinois. These projects will power over 10,000 homes with renewable energy, providing discounted electricity to local residents, including low- and moderate-income households. The initiative aims to make renewable energy accessible to historically overlooked communities, reducing energy bills for subscribers and saving millions of dollars per year. This represents 13% of Public Storage's commitment to install solar on over 1,000 properties by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
none
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News
Public Storage Prices Public Offering of Senior Notes to Fund Simply Self Storage Transaction
Rhea-AI Summary
NYSE:PSA - Public Storage announces $2.2 billion senior notes offering to fund Simply Self Storage acquisition. The offering includes a 30-year senior note. The Notes will be issued in four tranches with an initial weighted average interest rate of approximately 5.3%. The offering is expected to close on July 26, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
offering
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News
Public Storage Accelerates Growth with Simply Self Storage Acquisition
Rhea-AI Summary
Public Storage (NYSE:PSA) to Acquire Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 Billion, Expanding Portfolio by 34% and Deepening Presence in Fast-Growing Markets
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
acquisition
News
Public Storage to Release Second Quarter 2023 Earnings Results and Host Quarterly Conference Call
Rhea-AI Summary
Public Storage (NYSE:PSA) will release its Q2 2023 earnings on August 2, 2023, followed by a conference call on August 3, 2023. Public Storage is a REIT that owns and operates self-storage facilities in the US and has a common equity interest in Shurgard Self Storage Limited in Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
earnings
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News
Public Storage Releases 2023 Sustainability Report
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
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none
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News
Public Storage Reports Results for the Three Months Ended March 31, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.83%
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none
News
Public Storage to Release First Quarter 2023 Earnings Results and Host Quarterly Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
earnings
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Public Storage.

NYSE:PSA

PSA Rankings

#275 Ranked by Market Cap
#3505 Ranked by Stock Gains
#703 Ranked by Dividends

PSA Stock Data

47.95B
157.61M
10.17%
80.59%
2.02%
REIT - Industrial
Real Estate
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United States
Glendale