Glendale, California-based Public Storage (PSA) is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. Valued at $47.6 billion by market cap, the company owned and/or operated 3,399 self-storage facilities located in 40 states with approximately 247 million net rentable square feet in the U.S. Shares of this self-storage giant have underperformed the broader market over the past year. PSA has declined 20.4% over this time frame, while the broader S&P 500 Index ($SPX) has  ...

Valued at a market cap of $28.2 billion, Extra Space Storage Inc. (EXR) is a real estate investment trust (REIT) that specialises in self-storage facilities. The Salt Lake City, Utah-based company offers a wide range of storage solutions, including climate-controlled units, drive-up access units, lockers, as well as vehicle, boat and RV storage. This industrial REIT has considerably underperformed the broader market over the past 52 weeks. Shares of EXR have declined 20.7% over this time frame, while the ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. CubeSmart (NYSE:CUBE) is a real estate investment trust that owns and operates self-storage facilities across the United States. The 52-week range of CubeSmart's stock price was $34.24 to $50.70. CubeSmart's dividend yield is 5.58%. It paid $2.08 per share in dividends during the last 12 months. Don't Miss: The Latest On CubeSmart The company on Oct. 30 announced its Q3 2025 earnings, posting FFO of $0. ...

Shares of Global Self Storage, Inc. (SELF) have gained 1.2% since the company reported its earnings for the quarter ended Sept. 30, 2025, lagging the S&P 500 Index’s 1.9% advance over the same period. Over the past month, the stock has been up 2.1% compared with the broader market’s 3.5% growth.SELF’s Earnings SnapshotIn the third quarter of 2025, Global Self Storage posted modest top-line growth but materially lower earnings versus a year earlier. Total revenues edged up 0.8% to $3.23 million from $3.20 mi ...

Group 1 - Public Storage (PSA) is a US-based REIT specializing in the development and operation of self-storage facilities, recognized as one of the largest and most well-known companies in this sector [1] - The company has significant brand recognition, which is considered almost unparalleled in the self-storage industry [1] - The business model of Public Storage is generally viewed positively, indicating a strong foundation for potential growth and investment opportunities [1] Group 2 - The Investment Doctor emphasizes a diversified portfolio that includes both dividend and growth stocks, suggesting a balanced investment strategy [1] - The focus is on high-quality small-cap investment ideas in Europe, with an emphasis on capital gains and dividend income for continuous cash flow [1] - The investment group offers two model portfolios, including the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1]

In trading on Monday, shares of Extra Space Storage were yielding above the 5% mark based on its quarterly dividend (annualized to $6.48), with the stock changing hands as low as $129.24 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per shar ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Financial Data and Key Metrics Changes - Public Storage's third quarter results indicate an increase in same store and non-same store NOI growth, acquisition volume, and core FFO growth per share, leading to an improved outlook for 2025 [3][10] - Core FFO per share growth increased by 2.6%, representing a 560 basis point acceleration from the previous year's third quarter [10] - Same store revenue growth was primarily driven by strong in-place customer behavior, with overall in-place rents up 0.6% despite lower occupancy [9][10] Business Line Data and Key Metrics Changes - The company reported strong performance in its non-same store pool, contributing to higher core FFO per share growth [10] - The same store pool maintained expense control, with expenses held flat for the quarter due to reductions across most line items [10] Market Data and Key Metrics Changes - Revenue growth in specific markets such as Chicago, Minneapolis, Tampa, Honolulu, and the West Coast ranged from 2% to 4% in same store revenue [9] - The West Coast, representing a third of the company's NOI, showed good demand trends and limited new supply, with expectations for Los Angeles to return to strong growth once price restrictions expire [9][10] Company Strategy and Development Direction - The company is focused on capital allocation and has accelerated portfolio growth with over $1.3 billion in acquisitions and developments announced this year [7][8] - Public Storage is leveraging its industry-leading operations and technology initiatives to drive revenue and margin growth, including investments in digital customer experiences and AI for operational efficiency [4][5][6] Management's Comments on Operating Environment and Future Outlook - Management noted steady stabilization in demand and a decrease in new supply, which is expected to continue into 2026 and beyond [16][38] - The company anticipates a positive trajectory for its development activities, with a strong pipeline and confidence in achieving high returns on capital allocation [40][41] Other Important Information - The company has reduced labor hours by over 30% while increasing employee engagement and lowering turnover through operational innovations [5] - The company is actively managing its expenses, with a focus on digital investments and solar power initiatives to drive operating expense performance [33] Q&A Session Summary Question: Budgeting process for 2026 - Management explained that they continuously forecast and update their business forecasts using data-driven processes and historical trends [13][14] Question: Stabilization and growth outlook - Management sees steady stabilization and healthy growth in certain markets, particularly on the West Coast, despite some markets lagging [15][16] Question: Changes in customer behavior - Management emphasized that overall revenue is the most important metric, which includes move-in rents, volumes, and existing customer behavior [20][22] Question: Revised guidance and fourth quarter expectations - Management highlighted tough comps for property tax and anticipated impacts from Los Angeles price restrictions in the fourth quarter [26][27] Question: Los Angeles market impact - Management noted that the state of emergency and price restrictions are expected to have a negligible impact on overall performance [31][65] Question: Acquisition pace and market conditions - Management expressed a strong appetite for acquisitions and noted improving transaction market conditions, with a focus on integrating new assets into their operating platform [72][74] Question: Operating trends and occupancy - Management reported a slight decline in new customer activity but noted improvements in move-in rates and occupancy [58][60] Question: Housing-related demand - Management indicated that housing demand has been stable, with potential for improvement as interest rates decrease, but no significant shifts are currently observed [101]

Core Insights - Extra Space Storage (EXR) reported revenue of $858.46 million for Q3 2025, a year-over-year increase of 4.1% [1] - The earnings per share (EPS) for the same period was $2.08, compared to $0.91 a year ago, with an EPS surprise of +0.97% [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $864.8 million, resulting in a surprise of -0.73% [1] Financial Performance Metrics - Same-store square foot occupancy was reported at 93.7%, below the average estimate of 94.4% [4] - Property rental revenues reached $735.58 million, exceeding the estimated $732.32 million, reflecting a year-over-year increase of +3.5% [4] - Tenant reinsurance revenues were $90.34 million, surpassing the average estimate of $87.99 million, with a year-over-year change of +7.5% [4] - Management fees and other income totaled $32.54 million, above the estimated $31.59 million, marking an +8.9% change year-over-year [4] - Same-store rental revenues were reported at $673.98 million, significantly higher than the estimated $475.94 million, representing a +58.9% year-over-year increase [4] - Net income per common share (diluted) was $0.78, below the average estimate of $1.18 [4] - Equity in earnings and dividend income from unconsolidated real estate entities was $15.67 million, slightly below the estimated $16.45 million [4] Stock Performance - Over the past month, shares of Extra Space Storage have returned +4.2%, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Core Insights - Public Storage (PSA) reported revenue of $1.22 billion for the quarter ended September 2025, reflecting a 3.1% increase year-over-year and a surprise of +1.22% over the Zacks Consensus Estimate of $1.21 billion [1] - Earnings per share (EPS) for the quarter was $4.31, significantly up from $2.16 in the same quarter last year, with an EPS surprise of +1.65% compared to the consensus estimate of $4.24 [1] Financial Performance Metrics - Square foot occupancy was reported at 90.7%, which is below the average estimate of 92.2% from three analysts [4] - Annual contract rent per occupied square foot was $22.88 million, exceeding the two-analyst average estimate of $22.41 million [4] - Revenues from ancillary operations reached $85.21 million, surpassing the four-analyst average estimate of $82.33 million, marking a year-over-year increase of +9.7% [4] - Revenues from self-storage facilities amounted to $1.14 billion, slightly above the estimated $1.12 billion from four analysts, representing a +2.6% change compared to the previous year [4] - Net earnings per share (diluted) were reported at $2.62, exceeding the four-analyst average estimate of $2.54 [4] Stock Performance - Over the past month, shares of Public Storage have returned +3.2%, compared to a +3.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]