menu search

PSA / Public Storage to pay $2.2 billion to buy Simply Self Storage from Blackstone's BREIT

Public Storage to pay $2.2 billion to buy Simply Self Storage from Blackstone's BREIT
Public Storage PSA, +0.93% announced Monday an agreement to buy Simply Self Storage for $2.2 billion from Blackstone Inc. BX, -2.44% subsidiary Blackstone Real Estate Income Trust Inc. (BREIT) The purchase by the self-storage facilities real estate investment trust (REIT) comprises 127 properties and 9 million rentable square feet across 18 states, with 65% of the properties located in Sunbelt markets. The deal is expected to close in the third quarter of 2023. Read More
Posted: Jul 24 2023, 07:09
Author Name: Market Watch
Views: 080710

PSA News  

Public Storage: The Preferred Dividends Are Well Covered

By Seeking Alpha
November 3, 2023

Public Storage: The Preferred Dividends Are Well Covered

We're focusing on buying fixed rate preferred securities in anticipation of lower interest rates. Public Storage's Q3 results include just a few days more_horizontal

Public Storage (PSA) Q3 2023 Earnings Call Transcript

By Seeking Alpha
October 31, 2023

Public Storage (PSA) Q3 2023 Earnings Call Transcript

Public Storage (NYSE:PSA ) Q3 2023 Earnings Conference Call October 31, 2023 12:00 PM ET Company Participants Ryan Burke - Vice President, Investor Re more_horizontal

Public Storage (PSA) Q3 FFO Beats Estimates, View Raised

By Zacks Investment Research
October 31, 2023

Public Storage (PSA) Q3 FFO Beats Estimates, View Raised

Public Storage's (PSA) Q3 results reflect an improvement in the realized annual rent per available square foot. The company has also raised its outloo more_horizontal

Public Storage (PSA) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Investment Research
October 30, 2023

Public Storage (PSA) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for Public Storage (PSA) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhil more_horizontal

Public Storage (PSA) Tops Q3 FFO and Revenue Estimates

By Zacks Investment Research
October 30, 2023

Public Storage (PSA) Tops Q3 FFO and Revenue Estimates

Public Storage (PSA) came out with quarterly funds from operations (FFO) of $4.33 per share, beating the Zacks Consensus Estimate of $4.21 per share. more_horizontal

What's in Store for Public Storage (PSA) in Q3 Earnings?

By Zacks Investment Research
October 25, 2023

What's in Store for Public Storage (PSA) in Q3 Earnings?

Public Storage's (PSA) Q3 results are likely to reflect gains from high brand value and the company's solid presence in key cities, though a likely ri more_horizontal

Public Storage: Why Buy Treasuries When You Can Buy This Stock

By Seeking Alpha
October 11, 2023

Public Storage: Why Buy Treasuries When You Can Buy This Stock

Public Storage is a high-quality self-storage REIT with a strong balance sheet and impressive NOI growth. It benefits from an economy of scale and car more_horizontal

Expansion Efforts to Aid Public Storage (PSA) Amid High Rates

By Zacks Investment Research
September 15, 2023

Expansion Efforts to Aid Public Storage (PSA) Amid High Rates

Strategic acquisitions, high brand value and a strong balance sheet are likely to support Public Storage (PSA). However, a rise in move-out rates and more_horizontal


Search within

Pages Search Results: