Newsfeeds - Spark Newswire

1 minute read

Public Storage Q4 EPS $4.16 Up From $3.54 YoY, Sales $1.03B Miss $1.08B Estimate

Today, 12:50 PM

Public Storage (NYSE:PSA) reported quarterly earnings of $4.16 per share. This is a 17.51 percent increase over earnings of $3.54 per share from the same period last year. The company reported quarterly sales of $1.03

PSA

9 minute read

Earnings

Earnings Scheduled For February 21, 2023

By Benzinga Insights

Today, 12:50 PM

Companies Reporting Before The Bell • Sohu.com (NASDAQ:SOHU) is likely to report earnings for its fourth quarter.

ABCL

2 minute read

M&A
News

Top US Self-Storage Properties Operator Makes Hostile $11B Offer For Life Storage: Here’s The Fine Print

By Bhavik Nair

Today, 12:50 PM

Public Storage (NYSE: PSA), the largest U.S. operator of self-storage properties has come out with an $11 billion hostile bid for Life…

LSI

1 minute read

M&A
News

Life Storage Announced It’s Reviewing Unsolicited Acquisition Proposal from Public Storage

By Charles Gross

Today, 12:50 PM

Life Storage, Inc., (NYSE: LSI) today confirmed that it received an unsolicited taxable all-stock proposal from Public Storage to acquire all of the outstanding shares of Life Storage for 0.4192 shares of Public Storage common stock for each outstanding Life Storage share.

LSI

5 minute read

M&A
News

Public Storage Proposed to Acquire Life Storage in All-Stock Transaction; Life Storage Shareholders/Unit Holders To Receive 0.4192 Shares Of Public Storage Common Stock For Each Life Storage Share/Unit They Own

By Charles Gross

Today, 12:50 PM

Public Storage (NYSE: PSA) today sent a letter to Mark G. Barberio, Life Storage's Chairman, and Joseph V. Saffire, Life Storage's CEO, copied in full below, with respect to its proposal to acquire all of the outstanding shares and units of Life Storage, Inc.

LSI

2 minute read

3 REIT Focused ETFs Paying Consistent Dividends, Poised To Benefit From Fed Pivot

By Robert Kuczmarski

Today, 12:50 PM

It's no wonder why so many real estate investment trusts (REITs) have terrible market performance in 2022. After all, the Federal Reserve's ongoing rate hikes will continue to hurt the real estate sector.

AMT

2 minute read

Major REITs Now Hitting New 52-Week Lows As The Fed Raises Interest Rates Further

By John Navin

Today, 12:50 PM

The Federal Reserve continues to make it tough for real estate investment trusts (REITs).

AVB

2 minute read

Rogers, Airbnb, Herbalife And Some Other Big Stocks Moving Lower On Wednesday

By Lisa Levin

Today, 12:50 PM

U.S. stocks traded lower, with the Nasdaq Composite dropping more than 100 points on Wednesday. Here are some big stocks recording losses in today’s session.

ABNB

1 minute read

Morgan Stanley Maintains Equal-Weight on Public Storage, Lowers Price Target to $290

By Benzinga Newsdesk

Today, 12:50 PM

Morgan Stanley analyst Ronald Kamdem maintains Public Storage (NYSE:PSA) with a Equal-Weight and lowers the price target from $298 to $290.

PSA

3 minute read

Major REITs End 2022’s 3rd Quarter With Losses

By John Navin

Today, 12:50 PM

Interest rate hikes resulted in third-quarter losses for most real estate investment trusts (REITs). With the Federal Reserve taking short-term rates up by 0.75% and 30-year fixed mortgage rates nearing 7%, REITs headed down in price. The expectation that even higher rates are on the way is not helping.

EQIX