PUBLIC STORAGE (PSA) Stocks
ABOUT PUBLIC STORAGE
📊 Public Storage is an American international self-storage company and the largest brand of such services in the U.S. The company is run as a real estate investment trust (REIT) and is the largest of four REIT’s in 2008. Today it is the largest owner and operator of self-storage facilities in the world.
📊 The company has approximately 2 500 self-storage locations in the U.S., Europe and Canada and more than a million customers. Public Storage is also one of the largest landlords with more than 170 million net rentable square feet of real estate. It owns 42% of an office parks subsidiary and also sells packing supplies and provides other services to its clients. The real estate investment trust is owned by investors. As a return-on-investment they receive more than 90% of the company’s profits.
📊 The company offers self-storage, business storage, vehicle and RV storage, boat storage and climate controlled storage. Its principal business activities include ownership and operation of self-storage facilities. These facilities offer storage space for lease on a month-to-month basis generally.
📊 The company’s segments include Ancillary Operations, Self-Storage, Investment in PS Business Parks, Inc. (PSB) and investment in Europe’s Shurgard. Public Storage’s history dates back to 1972 when it was founded.
📊 Its headquarters is in Glendale, California and in 2019 the company has more than 5 500 employees. The company is a member of the S&P 500 and the FT Global 500. Public Storage’s institutional owners include Vanguard Group Inc., BlackRock Inc., JP Morgan Asset Management, Invesco Ltd. and Brookfield Asset Management Inc.
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OVERVIEW OF PUBLIC STORAGE
- Public Storage is founded in 1972 with an initial investment of $50 000. The company is called Private Storage Spaces Inc. The first storage warehouse is built the same year. The name is changed to Public Storage after people were confused thinking it was private. Within the first three months there is 35% occupancy and the first location breaks even. The units are rented out for a price similar per square foot as office space or apartments but cost 35 – 50% less to build and maintain.
- In 1973 a property management subsidiary, Public Storage Management Inc. is formed. By the following year 20 locations are built. The company mainly finances the purchase and developments of new properties through real estate limited partnerships (RELP’s). Initially the company builds warehouses and sells them to independent RELP’s charging development fees. In 1975 Public Storage forms its own RELP, Public Storage Partners Ltd., and closes its first deal for $3 million in investments in 1977.
- By the middle of the 1980’s Public Storage raises around $300 million in investments every year. At this point Forbes estimates that it is worth $800 million. Public Storage opens its 1 000th location in the late 1980’s and by 1989 its 200 000 investors have invested $2.7 billion. Five of the company’s partnerships are converted to Real Estate Investment trusts (REIT’s) in 1990 and it starts consolidating its partnerships and buying various companies in which it holds and interest.
- In 1998 Public Storage has $141 million in quarterly revenues and $2 billion in assets. Later this year it buys a competing storage company, Storage Trust Realty, for the price of $600 million.
- Since December 2016 Public Storage has an equity interest in Shurgard Self Storage Europe Limited. Shurgard Europe owns 218 self-storage facilities in seven countries in Western Europe.
VALUES OF PUBLIC STORAGE
- Public Storage is committed to sustainability through practices such as reducing energy consumption through the use of LED and just-in-time lighting, reducing heating and air conditioning by using high-efficiency systems and controlling indoor temperatures, maximizing efficiency and minimizing exposure to leaks, humidity and moisture through annual building audits as well as minimizing waste production and maximising recycle/re-use.
MARKET PERFORMANCE OF PUBLIC STORAGE
- Public Storage trades on the New York Stock Exchange under the NYSE Stock Symbol “PSA”.
- In 2018 the company’s net income allocable to its common shareholders is $1.488.9 million or $8.54 per diluted common share – compared to $1.171.6 million or $6.73 per diluted common share the previous year.
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LATEST NEWS PUBLIC STORAGE
Buy PUBLIC STORAGE stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase PUBLIC STORAGE Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy PUBLIC STORAGE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN PUBLIC STORAGE STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE PUBLIC STORAGE STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of PUBLIC STORAGE stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy PUBLIC STORAGE stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?
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