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 (PSA) is a leading real estate investment trust specializing in self-storage solutions across the United States and Europe. This page serves as your centralized source for official company announcements, financial updates, and industry-related news.
Investors and stakeholders can track PSA's latest developments through press releases covering quarterly earnings, facility expansions, strategic partnerships, and operational milestones. Our curated collection ensures access to verified information directly from the company and trusted financial sources.
Key news categories include financial performance reports, acquisition activities, management updates, and market positioning strategies. Each update is organized to provide clear context while maintaining compliance with financial disclosure standards.
Bookmark this page for real-time access to Public Storage's evolving story. Check back regularly to stay informed about the company's operational decisions and their impact within the competitive self-storage sector.
Public Storage (NYSE:PSA) has declared a one-time dividend of $13.15 per common share, payable on August 4, 2022, to shareholders on record by August 1, 2022. This dividend comes from a projected $2.3 billion tax gain related to the acquisition of PS Business Parks, Inc. (NYSE:PSB) by Blackstone Real Estate, completed on July 20, 2022. Public Storage received $187.50 in cash per share for its 41% stake in PSB, aimed at fulfilling REIT distribution requirements for 2022 taxable income. A guidance update regarding the transaction is expected on August 4, 2022.
Public Storage (NYSE:PSA) will release its second quarter 2022 earnings results on August 4, 2022, after market close. A conference call to discuss these results is scheduled for August 5, 2022, at 9:00 a.m. PDT. Investors can join the call using the domestic dial-in number (866) 342-8591 or the international number (203) 518-9713, referencing Conference ID PSAQ222. The earnings call will also be available via a webcast at PublicStorage.com, under Investor Relations.
Public Storage (NYSE:PSA) has earned the prestigious Great Place to Work Certification™ for 2022, reflecting positive employee sentiments regarding workplace culture. This certification, recognized globally, indicates that employees feel valued and supported within the company. Job seekers at certified workplaces are reported to find better leadership and fair compensation opportunities. Public Storage operates 2,797 self-storage facilities across 39 states, with a significant equity interest in Shurgard Self-Storage and PS Business Parks. The company's commitment to employee experience is highlighted by leadership statements emphasizing a people-centered culture.
Public Storage (NYSE:PSA) will present virtually at REITweek 2022 on June 8, 2022, from 9:30 a.m. to 10:00 a.m. ET. The event will be accessible to registered participants via a complimentary registration on Nareit’s website. As of March 31, 2022, Public Storage operates 2,797 self-storage facilities across 39 states, totaling approximately 199 million net rentable square feet. The company also holds substantial equity interests in Shurgard Self-Storage SA and PS Business Parks, Inc., reflecting its diverse operations in the self-storage and commercial real estate sectors.
Public Storage (NYSE: PSA) reported robust operating results for Q1 2022, with net income of $464.1 million, equating to $2.63 per diluted share, a 19.2% increase from Q1 2021. Core FFO rose 29.4% to $3.65 per diluted share. Same Store direct net operating income grew by 19.3%, driven by a 15.8% rise in revenues. The company acquired 10 facilities for $127.7 million and plans further acquisitions. Additionally, a merger with PS Business Parks, Inc. (PSB) is expected to yield significant cash proceeds and tax gains. A dividend of $2.00 per share was also declared.
Public Storage (NYSE:PSA) announced updates concerning the acquisition of PS Business Parks (NYSE:PSB) by Blackstone affiliates. Upon completion, PSA will receive $187.50 in cash per PSB share, totaling approximately $2.7 billion in cash proceeds. The company anticipates a $2.3 billion tax gain on sale, which it intends to distribute to shareholders. However, PSA’s annual Core Funds from Operations may decline by around $101 million post-transaction, reflecting a reduction of about 4% of its total Core FFO for 2021.
Public Storage (NYSE:PSA) will release its first quarter 2022 earnings results after market close on
Public Storage (NYSE:PSA) announced its participation in the Citi 2022 Global Property CEO Conference on March 8, 2022, at The Diplomat Resort & Spa in Hollywood, Florida. The discussion will commence at 9:00 a.m. EST, and a webcast of the presentation will be accessible on Public Storage's website under 'Investor Relations'. As of December 31, 2021, Public Storage operated 2,787 facilities across 39 states, totaling approximately 198 million rentable square feet, alongside significant equity interests in Shurgard Self-Storage SA and PS Business Parks, Inc. (NYSE:PSB).
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