Public Storage Stock Rises Monday, Still Trails Market Despite Gains
June 15, 2023
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Public Storage ($NYSE:PSA) stock rose on Monday, though still trailed the market’s performance. The stock inched up 0.29% to $287.69, whereas the S&P 500 had an overall positive trading session. Public Storage is a real estate investment trust that manages a portfolio of self-storage properties in the United States and Europe.
Public Storage is known for their convenient access hours, state-of-the-art security, and flexible leasing options to accommodate the needs of commercial and residential customers. The company has a long history of consistent growth and continued success, making it a reliable investment for those looking to diversify their portfolios.
Price History
Monday proved to be a good day for shareholders of PUBLIC STORAGE, as the company’s stock saw an increase of 0.3% from its previous closing price of $286.8. The stock opened at $286.4 and closed at $287.7, with investors hoping for an even greater return. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Public Storage. More…
| Total Revenues | Net Income | Net Margin |
| 4.3k | 4.15k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Public Storage. More…
| Operations | Investing | Financing |
| 3.16k | 1.2k | -4.6k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Public Storage. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.51k | 7.37k | 32.46 |
Key Ratios Snapshot
Some of the financial key ratios for Public Storage are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 51.5% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we specialize in analyzing companies to determine their financial health and risk rating. After a thorough analysis of PUBLIC STORAGE‘s financials, we are pleased to conclude that the company presents a low risk investment. While performing our assessment, we were able to identify one risk warning in PUBLIC STORAGE’s balance sheet. We encourage potential investors to register with us in order to receive more information about the warning and determine if the investment is right for them. Overall, GoodWhale believes PUBLIC STORAGE is a safe investment option and is confident that it can bring long-term value to potential investors. More…
Peers
Public Storage is a real estate investment trust that invests in self-storage facilities. The company was founded in 1972 and is headquartered in Glendale, California. Public Storage has over 2,200 locations in the United States and Europe. The company’s competitors include Life Storage Inc, Extra Space Storage Inc, and National Storage Affiliates Trust.
– Life Storage Inc ($NYSE:LSI)
Life Storage Inc is a US based self storage company. As of December 31, 2020, it operated 969 self storage facilities across the United States. The company has a market capitalization of $8.69 billion as of February 2021.
– Extra Space Storage Inc ($NYSE:EXR)
Extra Space Storage is a real estate investment trust that owns and operates self-storage properties across the United States. As of December 31, 2020, the company had 1,871 self-storage properties located in 40 states, Washington, D.C., and Puerto Rico. Extra Space Storage is the second largest self-storage company in the United States with a market cap of $22.22 billion as of February 2021.
– National Storage Affiliates Trust ($NYSE:NSA)
National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the United States. As of December 31, 2020, the Company owned and operated 783 self storage properties located in 38 states with approximately 54.3 million rentable square feet.
Summary
Public Storage is an American self-storage company, and its stock rose slightly on Monday, but underperformed the broader stock market. The company saw a 0.29% increase in its share price, bringing it to $287.69. Investors should monitor Public Storage’s performance in the coming days to gauge whether the stock will continue to increase or remain relatively flat. Analysts may also want to consider factors like Public Storage’s margins, cash flow, and debt levels when assessing the company as a potential investment.
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