1 4Q25 Earnings & 2026 Guidance Presentation including Leadership Announcements and PS4.0 Introduction Public Storage Executive Speakers Tom Boyle CEO Effective April 1st Joe Fisher President & CFO Effective February 16th 2 Joe Russell President & CEO Retiring March 31st Key Takeaways | Looking Back on Our Success | Industry leadership in Operations, Core FFO growth, and Total Shareholder return – A great foundation for future success | | --- | --- | | Self-Storage Industry Outlook | Strong long-term outloo ...

though the forward P/E of 20x suggests normalization as earnings grow. Compared to peer Johnson & Johnson's 2.16% dividend yield and 46.6% payout ratio, Abbott's 63.8% payout ratio shows less cushion but remains sustainable.The stock's 12.2% decline over the past year contrasts with its dividend growth, creating a higher yield entry point. Institutional investors maintain 81.7% ownership, suggesting confidence in the long-term story despite near-term challenges.## The Verdict: Solid Dividend with Manageable ...

Core Viewpoint - MFA Financial's high dividend yield of approximately 15% is deemed unsustainable due to significant payout ratios and deteriorating cash flow coverage, raising concerns for income investors and retirees [1] Financial Performance - MFA Financial paid out 180% of its Q3 2025 earnings as dividends, with a payout ratio of 180% for the quarter and 128.6% over the trailing twelve months [1] - The company reported distributable earnings of $0.20 per share while paying out $0.36 per share in dividends for Q3 2025 [1] - Operating cash flow for the first nine months of 2025 was only $38.6 million against $140.5 million in dividends paid, resulting in a coverage ratio of 0.27x [1] Leverage and Financial Health - As of Q3 2025, MFA Financial had total debt of $6.60 billion and equity of $1.82 billion, leading to a debt-to-equity ratio of 3.62x, which is considered elevated for a mortgage REIT [1] - The company has negative retained earnings of -$1.88 billion, indicating cumulative losses exceed profits over time [1] - Cash on hand was limited at $305 million, covering only 4.6% of total debt [1] Dividend History and Risks - MFA Financial maintained a stable dividend of $0.20 per quarter from 2014 to 2019, but cut its dividend to $0.05 during the 2020 pandemic [1] - The recent increase to $0.36 in Q1 2025 was the first raise in three years, highlighting the challenges in maintaining dividend stability [1] - The company faces elevated risks regarding dividend sustainability due to high payout ratios and deteriorating cash flow coverage [1]

CubeSmart ( NYSE:CUBE ) operates a nationwide portfolio of self-storage facilities, primarily in high-barrier-to-entry coastal and urban markets. ...

Core Viewpoint - The macro environment is currently favorable for investing in Real Estate Investment Trusts (REITs) due to stable or declining interest rates, with expectations of at least two rate cuts by a majority of investors [1]. Group 1: Interest Rates and Market Sentiment - Interest rates have remained stable, with the Federal Reserve recently holding rates unchanged, aligning with the expectations of 76% of investors [1]. - Looking forward, two-thirds of investors anticipate at least two rate cuts, indicating a positive outlook for REIT investments [1]. Group 2: Investment Focus - The article emphasizes the importance of investing in income-producing asset classes, particularly focusing on Growth stocks and REITs, which provide reliable income, diversification, and act as a hedge against inflation [1].

Core Insights - Siemens Healthineers reported first-quarter operating profit that exceeded market expectations, driven by strong margin performance in its core imaging and cancer-care units [1] - The company experienced a decline in other areas, but the robust performance in its primary segments helped mitigate the overall impact [1] Financial Performance - The operating profit for the first quarter was notably higher than analysts' forecasts, indicating a positive trend in financial health [1] - The strong margins in imaging and cancer-care units suggest effective cost management and operational efficiency [1]

MALVERN, Pa., Feb. 03, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) and CBRE Investment Management today announced the acquisition of a self-storage location in Phoenix, AZ as the initial property in a $250 million self-storage venture. The newly formed venture will invest in core, core-plus, and value-add opportunities in high growth markets across the United States. CubeSmart will manage the stores on behalf of the venture, enhancing property value through its industry-leading operating platform. “We a ...

Core Viewpoint - The article summarizes significant research calls from Wall Street, highlighting upgrades and downgrades for various companies that investors should be aware of. Upgrades - Deutsche Bank upgraded Cognizant (CTSH) to Buy from Hold with a price target of $100, citing the company as a "clear winner" in IT services despite tight budgets [2] - Evercore ISI upgraded Cisco (CSCO) to Outperform from In Line with a price target increase to $100 from $80, noting strong growth potential driven by campus refresh, AI momentum, and market recovery [3] - Needham upgraded AppLovin (APP) to Buy from Hold with a price target of $700, based on confidence in the company's e-commerce revenue growth trajectory for 2026 [4] - Rothschild & Co Redburn upgraded Meta Platforms (META) to Buy from Neutral with a price target raised to $900 from $740, highlighting a perceived disconnect between current stock price and long-term value [5] - Phillip Securities upgraded Netflix (NFLX) to Accumulate from Sell with a price target of $100, indicating strong structural and financial positioning for long-term growth [6] Downgrades - Wolfe Research downgraded Cummins (CMI) to Peer Perform from Outperform, removing the previous price target of $540, citing a balanced risk/reward scenario despite expected strong EPS growth [7] - Morgan Stanley downgraded Varonis (VRNS) to Equal Weight from Overweight with a price target decrease to $41 from $44, due to increasing competition in the data security market [7] - Wolfe Research downgraded Public Storage (PSA) to Peer Perform from Outperform without a price target, suggesting shares may pause until better earnings growth becomes apparent [7] - Wolfe Research downgraded CubeSmart (CUBE) to Peer Perform from Outperform without a price target, indicating a similar outlook as Public Storage regarding future earnings growth visibility [7] - DA Davidson downgraded BOK Financial (BOKF) to Neutral from Buy with a price target increase to $135 from $125, after strong Q4 results, while maintaining the highest EPS forecast among analysts for 2026 and 2027 [7]

Core Viewpoint - Top Wall Street analysts have revised their outlook on several prominent companies, indicating potential shifts in investment sentiment and opportunities in the market [1] Company Analysis - Analysts have provided insights on PSA stock, suggesting it may be a viable investment option based on recent evaluations [1]

Group 1 - The article highlights the overlooked potential of self-storage REITs as beneficiaries of the AI revolution, citing three specific reasons for this perspective [2] - The investment group High Yield Landlord has released its Top Picks for 2026, offering new members a promotional discount and a money-back guarantee [1] - Jussi Askola, the President of Leonberg Capital, leads the High Yield Landlord group, providing real-time insights into REIT investments and maintaining relationships with top REIT executives [3] Group 2 - The article mentions that the investment approach has garnered over 500 five-star reviews, indicating positive member experiences and results [1] - The investment group features multiple portfolios, including core, retirement, and international, along with buy/sell alerts and direct access to analysts [3]