Public Storage: Strong FFO Growth, Low Pay-Out Ratio And A 4.4% Yield

DigitalGrill/E+ via Getty Images Public Storage Inc. (NYSE:PSA) is a promising storage trust that passive income investors might want to consider now that the stock price has dropped a little. Public Storage, for instance, grew its funds from operations, which are most often used to evaluate the growth of real estate investment trusts, in the high single digits in 1Q24, by 7.8% YoY. This growth is due to growing demand for storage solutions in a very fragmented market as well as Public Storage's past acquis ...