Public Storage

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  • uploads///Real Estates Edgy Performance Due to High Interest Rate Expectations
    Company & Industry Overviews

    The Real Estate Reaction: Gauging the Impact of the Fed’s Rate Hikes

    The rising interest rate is expected to boost the economy in the long run, but it could severely impact sectors like real estate.

    By Mary Sadler
  • uploads///Chart  Map
    Company & Industry Overviews

    Simon Property Group’s Key Business Segments

    Simon Property is the only REIT in the S&P 100 Index and has heavy asset concentration on the US east coast and in the central US.

    By Peter Barnes
  • uploads///Chart
    Macroeconomic Analysis

    USMV: A Passive Smart Beta Fund with Active Management

    The iShares MSCI USA Minimum Volatility ETF (USMV) tries to mimic the performance of the MSCI USA Minimum Volatility Index. It includes US stocks with low volatility.

    By Ivan Kading
  • uploads///mini storage _
    Earnings Report

    Extra Space: Healthy Demand, Marketing Strategies to Drive Q3

    Extra Space Storage (EXR) is expected to report its Q3 2018 results on October 30. Wall Street expects AFFO of $1.19 per share.

    By Anirudha Bhagat
  • uploads///Valuation
    Company & Industry Overviews

    Where Extra Space Stands among Its Peers after Q2 Results

    Extra Space is trading at a premium compared to CubeSmart and Life Storage and at a discount to Public Storage.

    By Anirudha Bhagat
  • uploads///Propery Stores
    Company & Industry Overviews

    Acquisitions, Joint Ventures Expand Extra Space’s Footprint

    Acquisitions have helped Extra Space (EXR) expand its domestic footprint. It has acquired properties worth $4.5 billion in the last five years.

    By Anirudha Bhagat
  • uploads///Self Storage Revenue
    Company & Industry Overviews

    Extra Space’s Growth Driven by Demand and Marketing Strategies

    Extra Space has adopted digital marketing platforms, including social media and search engines, to drive traffic at its facilities.

    By Anirudha Bhagat
  • uploads///Series Image
    Earnings Report

    Can Extra Space Storage Beat Analysts’ Q2 Estimates?

    Extra Space Storage (EXR), set to report its Q2 results on July 31, could continue to benefit from self-storage demand rising.

    By Anirudha Bhagat
  • uploads///Analyst
    Company & Industry Overviews

    How Wall Street Analysts View Extra Space

    Analysts gave EXR a mean price target of $87.93, implying an ~1.5% rise from its current level of $86.72. It has a market capitalization of ~$10.9 billion.

    By Raina Brown
  • uploads///Extra Space Valuations in Par with the Industry
    Company & Industry Overviews

    Extra Space—Valuations on Par with the Industry

    EXR’s FFO per share for 2017 is expected to be $4.32–$4.65.

    By Raina Brown
  • uploads///_Extra Space and it Solid Balance Sheet
    Company & Industry Overviews

    Extra Space and Its Solid Balance Sheet

    EXR increased its fixed debt ratio to 80.0% in 3Q17 from 76.1% in 2Q17.

    By Raina Brown
  • uploads///Factors that make Extra Space Special
    Company & Industry Overviews

    Extra Space’s Occupancy Rate and Other Growth Factors

    EXR’s occupancy rate in 2Q17 was 94.5% compared to 94.1% in 2Q16.

    By Raina Brown
  • uploads///Art  Initiatives
    Company & Industry Overviews

    Boston Properties Could Ride High on These Factors

    Boston Property (BXP) has strong business momentum and has been maintaining a decent growth trajectory for the past few years.

    By Jennifer Mathews
  • uploads///Ratings
    Company & Industry Overviews

    How Wall Street Analysts Rated the Top 3 Self-Storage REITs after 2Q17

    Extra Space Storage’s (EXR) analyst target price is $81.13, up 7% from its current price level.

    By Jennifer Mathews
  • uploads///PFFO
    Company & Industry Overviews

    Comparing the Valuations of 3 Leading Self-Storage REITs after 2Q17

    Public Storage (PSA) trades at an EV-to-EBITDA multiple of ~21.5x.

    By Jennifer Mathews
  • uploads///DE
    Company & Industry Overviews

    Chart in Focus: Self-Storage REITs’ 2Q17 Balance Sheets

    CubeSmart issued two notes of $50.0 million each, carrying interest of 4.4% and 4.0% and maturity dates of 2023 and 2025, respectively.

    By Jennifer Mathews
  • uploads///For Development Art
    Company & Industry Overviews

    Overview of Self-Storage REITs’ Development Activities in 2Q17

    During 1H17, CubeSmart acquired two properties located in Maryland and California worth $21.9 million.

    By Jennifer Mathews
  • uploads///NOI
    Company & Industry Overviews

    How the Top 3 Self-Storage REITs Managed Their Expenses in 2Q17

    Although Public Storage did not provide any guidance for net operating income expected during fiscal 2017, analysts expect the company to report flat YoY NOI of ~$2.0 billion during 2Q17.

    By Jennifer Mathews
  • uploads///INtro
    Company & Industry Overviews

    Comparing the Top 3 Self-Storage REITs after 2Q17 Earnings

    Self-storage REITs are experiencing solid growth in income and revenues in 2017. In this series, we’ll analyze the 2Q17 results for Public Storage (PSA), Extra Space Storage (EXR), and CubeSmart (CUBE).

    By Jennifer Mathews
  • uploads///PFFO
    Company & Industry Overviews

    A Post-2Q17 Comparison of the Top 3 Healthcare REITs

    Healthcare Trust of America (HTA) is the most premium among our top three healthcare REITs in terms of price-to-FFO multiple.

    By Jennifer Mathews
  • uploads///Dividend
    Company & Industry Overviews

    How Healthcare REITs Rewarded Stockholders in 2Q17

    REITs are required to pay 90.0% of their profits to shareholders in the form of share buybacks or dividends.

    By Jennifer Mathews
  • uploads///Capital Deployment
    Company & Industry Overviews

    Healthcare REITs and Their 2Q17 Capital Deployment Strategies

    Welltower spent $292.0 million on development and expansion in 2Q17. Of that, $110.0 million was spent on acquisitions.

    By Jennifer Mathews
  • uploads///NOI
    Company & Industry Overviews

    Healthcare REITs and How They Managed Expenses in 2Q17

    Healthcare REITs fund their working capital through debt and equity. So it’s important to optimize their spending in order to maximize income.

    By Jennifer Mathews
  • uploads///FFO
    Company & Industry Overviews

    What’s Ahead for the Top 3 Healthcare REITs?

    Strong performance in skilled nursing facilities prompted Welltower management to increase its same-store net operating income guidance for fiscal 2017.

    By Jennifer Mathews
  • uploads///Revenue
    Company & Industry Overviews

    Top-Line and Bottom-Line Results for Healthcare REITs in 2Q17

    Healthcare REITs have positioned their properties in premium locations where there’s high income growth.

    By Jennifer Mathews
  • uploads///Intro
    Company & Industry Overviews

    Top 3 Healthcare REITs after 2Q17: A Comparative Analysis

    Healthcare REITs that own senior care facilities, hospitals, and nursing homes are seeing growth. With the aging population rising, the need for critical healthcare facilities is also rising.

    By Jennifer Mathews
  • uploads///Art  Rating
    Earnings Report

    How Analysts View Public Storage

    Analysts have assigned PSA a mean price target of $217.67, which is 4.9% higher than its current price level.

    By Jennifer Mathews
  • uploads///Art  Val
    Earnings Report

    Where Public Storage Stands among Other Major Players

    Public Storage has consistently been able to return capital value as well as shareholder returns in the form of dividends and share buybacks.

    By Jennifer Mathews
  • uploads///Art  Consumer sentiment
    Earnings Report

    Public Storage and the Growing US Economy

    Public Storage (PSA) is expected to witness a higher cost of debt in 2Q17, mainly due to the Fed’s rate hikes in 2017.

    By Jennifer Mathews
  • uploads///Art  Consumer sentiment
    Earnings Report

    Inside Public Storage’s 2Q17 Battle with Macro Headwinds

    Public Storage (PSA) is expected to post flat top-line and bottom-line results in 2Q17.

    By Jennifer Mathews
  • uploads///Art  Expansion and Occupancy
    Earnings Report

    What’s Really Driving Public Storage’s Expected 2Q17 Upbeat Results

    Wall Street expects PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.

    By Jennifer Mathews
  • uploads///Art  NOI
    Earnings Report

    Will Public Storage’s Cost-Reduction Initiatives Drive Higher NOI in 2Q17?

    Wall Street analysts expect Public Storage (PSA) to report NOI (net operating income) of $483.7 million for 2Q17.

    By Jennifer Mathews
  • uploads///Art  Revenue
    Earnings Report

    Will Public Storage Ride High on Top Line in 2Q17?

    Wall Street expects Public Storage (PSA) to report revenue of $667.9 million for 2Q17. Its earnings call will be on July 27, 2017.

    By Jennifer Mathews
  • uploads///Art  FFO
    Earnings Report

    What Lies Ahead for Public Storage in 2Q17

    Analysts expect PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.

    By Jennifer Mathews
  • uploads///Art  Val
    Company & Industry Overviews

    Where Public Storage Stands Compared to Its Peers

    The value of an REIT such as Public Storage (PSA) is commonly measured by using its price-to-FFO (funds from operations) multiple.

    By Jennifer Mathews
  • uploads///Art  Debt
    Company & Industry Overviews

    How Public Storage Maintains Its Balance Sheet

    REITs such as Public Storage (PSA) distribute at least 90% of their taxable incomes to shareholders in the form of dividends and share repurchases.

    By Jennifer Mathews
  • uploads///Art  Dividend
    Company & Industry Overviews

    Public Storage: A Rewarding Stock for Shareholders

    Public Storage (PSA) has regularly rewarded its shareholders in the form of quarterly dividends. The company has paid a dividend in every quarter since 1981.

    By Jennifer Mathews
  • uploads///Art  Consumer sentiment
    Company & Industry Overviews

    How the Pro-American Environment Boosts Self-Storage

    In a higher household income scenario, people tend to spend more on acquiring properties and need more storage space. This need boosts demand for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  Interest
    Company & Industry Overviews

    Can Public Storage Survive the Interest Rate Hike?

    REITs will likely be significantly affected by rising interest rates. Rising mortgage rates will increase the cost of purchasing investment properties.

    By Jennifer Mathews
  • uploads///Art  development
    Company & Industry Overviews

    Focus on Quality Helps Public Storage Maintain Occupancy

    Public Storage (PSA) puts a great deal of focus on the development and redevelopment of its existing facilities. Recently, there’s been a trend of rising rent for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  Revenue
    Company & Industry Overviews

    Public Storage Is Expected to Ride High on Robust Revenue Growth

    Macroeconomic factors such as high rent and demographic changes have resulted in high demand for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  FFO
    Company & Industry Overviews

    Public Storage: A Self-Storage REIT with Room to Grow

    Rent growth has moderated, but it remains at record highs. In such a scenario, consumers prefer apartments whose rents are affordable. This is where self-storage REITs come in.

    By Jennifer Mathews
  • uploads///Analyst Ratings
    Company & Industry Overviews

    How Wall Street Analysts View Simon Property Group

    Analysts gave SPG a mean price target of $202.45, implying an ~25.1% rise from its current level of $161.78.

    By Jennifer Mathews
  • uploads///OPerating Expenses
    Company & Industry Overviews

    Can REITs Like Simon Property Group Survive the Fed’s Interest Rate Hikes?

    The hawkish interest rate environment has added to the woes of mall owners like Simon Property (SPG), as well as the REIT industry.

    By Jennifer Mathews
  • uploads///Real Estate High Yields in Low Interest Environment
    Company & Industry Overviews

    How Would an Interest Rate Hike Affect Real Estate Valuations?

    The real estate sector’s (VNQ) (IYR) performance was subdued in 2016 due to its supply-demand dynamics.

    By Mary Sadler
  • uploads///REITs and interest rates
    Macroeconomic Analysis

    How Would Negative Interest Rates Impact REITs?

    A fall in interest rates makes REITs more attractive dividend-yielding investments compared to bonds. This is because REITs have been traditionally viewed as dividend-yielding investments.

    By Rebecca Keats
  • uploads///FHFA
    Macroeconomic Analysis

    House Prices Continued to Rise in November

    With increasing home prices, builders might increase the home supply. Due to lower mortgage rates, more customers could be attracted to the housing sector.

    By Lara Sheldon
  • uploads///ticker table
    Company & Industry Overviews

    Specialized REITs: Value Drivers

    Specialized REITs and residential REITs within IYR generated positive returns of 0.2% and 9%, respectively, on a yearly basis.

    By Steve Sage
  • uploads///Trailing  year return
    Company & Industry Overviews

    Specialized REITs: The Unsung Heroes

    With the growing economy and global investment horizons, investments have shifted beyond the traditional options to specialized REITs.

    By Steve Sage
  • uploads///chart
    Macroeconomic Analysis

    A Comparative Analysis of ICF’s Market Performance

    ICF tracks the performance of the realty subsector through the average performances of its holdings.

    By Ivan Kading
  • uploads///Chart  Outlook
    Macroeconomic Analysis

    What Should Investors Expect from the REIT Market?

    While the higher volatility has affected the broader indices during the past two months, the impact was more evident on REIT stocks.

    By Peter Barnes
  • uploads///Chart  Labor
    Macroeconomic Analysis

    Labor Shortage in the Construction Industry Hits Contractors

    The labor shortage in the construction sector can be attributed to many factors. For example, workers who lost their jobs during the housing crash have moved to other sectors.

    By Peter Barnes
  • uploads///Chart  Cap rates
    Macroeconomic Analysis

    REIT Capitalization Rates Fall as Prices Surge

    Average capitalization rates in 2Q15 fell to 7.5% across all the property types compared to 8.35% in 2Q14.

    By Peter Barnes
  • uploads///Chart a Lease expiring inline
    Company & Industry Overviews

    Simon Property Group’s Lease Length Exposure

    Only 1.2% of Simon Property’s gross annual revenues from inline or freestanding stores comes from month-to-month leases. 6.5% of leases will expire in 2015.

    By Peter Barnes
  • uploads///Chart  acquisitions
    Company & Industry Overviews

    Simon Property Group’s Acquisition Growth Strategy

    Simon Property has a strong track record of aggressive acquisitions. Since its IPO in 1993, the company has completed acquisitions worth $40 billion.

    By Peter Barnes
  • uploads///Chart  US Portfolio
    Company & Industry Overviews

    Simon Property Group’s Retail Mall Business

    Simon Property’s US properties consist of malls, premium outlets, community centers, and retail properties that make up ~182 million square feet of GLA.

    By Peter Barnes
  • uploads///Chart  ETF
    Company & Industry Overviews

    REIT ETFs Offer an Alternative Investment Option

    REIT ETFs offer one of the alternative investment options for investors seeking exposure to commercial real estate. REIT ETFs take exposure mainly into REIT stocks.

    By Peter Barnes
  • uploads///Chart  Type of equity REITs
    Company & Industry Overviews

    What Sectoral Equity REITs Are Available to Investors?

    Equity REITs dominate the REIT market. They account for almost 90% of the total market capitalization of all the REITs. They include specialized REITs.

    By Peter Barnes
  • uploads///Chart  REIT Structure
    Company & Industry Overviews

    Why Did REITs Come into Existence?

    US REITs came into existence in 1960 when President Eisenhower signed the REIT Act contained in the Cigar Excise Tax Extension.

    By Peter Barnes
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