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22.06.26 - 22:24
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Public Storage to Acquire Public Storage Canada in Strategic Entry into Major Canadian Markets (Business Wire)
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Strategic acquisition of 3rd largest self-storage platform in Canada expected to create long-term internal and external growth opportunities
Transaction valued at $1.2 billion and primarily funded with Public Storage Operating Partnership Units (“OPUs”)
Acquisition to provide attractive going-in NOI yield in the high-5's, significant operational upside on 83% occupied portfolio, and double-digit IRR potentialFRISCO, Texas--(BUSINESS WIRE)--Public Storage (NYSE: PSA) (“Public Storage” or the “Company”), the largest owner of self-storage facilities, today announced that its operating partnership, Public Storage OP, L.P. (“Public Storage OP”), and Public Storage Operating Company (“PSOC”) have entered into an agreement to acquire Public Storage Canada (“PS Canada”) in a transaction valued at approximately $1.2 billion USD ($1.67 billion CAD). The PS Canada platform was built by industry visionary and Public Storage founder Wayne Hughes and has been independently owned and operated by...
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08.06.26 - 02:24
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Public Storage Looks Good But Buy This Unstoppable REIT Wealth Creator as National Debt Soars (24/7 Wall St.)
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Every storage REIT bull is pointing at Public Storage (NYSE:PSA), the $53 billion mega-cap that just printed a Q1 Core FFO of $4.22 and announced a $10.5 billion all-stock takeover of National Storage Affiliates. But here's what you should actually be watching. The Crowded Trade Has a Math Problem That headline FFO beat was inflated ... Public Storage Looks Good But Buy This Unstoppable REIT Wealth Creator as National Debt Soars...
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27.04.26 - 22:48
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Public Storage Profit Advances In Q1 (AFX)
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WASHINGTON (dpa-AFX) - Public Storage (PSA) announced earnings for its first quarter that Increased, from last yearThe company's earnings came in at $526.27 million, or $2.71 per share. This compa......
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