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Recent Articles
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Public Storage Raises Outlook
Aug 8, 2025
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Image Source: Public Storage.
Looking to 2025, Public Storage expects revenue growth in the range of -1.3% to 0.8%, with net operating income growth targeted in the range of -2.6% to 0.3% (was -2.9% to 0.2%). Public Storage raised its 2025 non-same store net operating income guidance to the range of $465-$475 million from $444-$464 million previously and its 2025 ancillary net operating income to the range of $200-$205 million from $198-$203 million previously. Interest expense is now targeted at $304 million for the year, up from expectations of $285 million previously. Core FFO per share is now anticipated in the range of $16.45-$17.00, up from the range of $16.35-$17.00. We like Public Storage’s improved outlook and continue to include shares in the High Yield Dividend Newsletter portfolio.
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Dividend Increases/Decreases for the Week of August 8
Aug 8, 2025
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Let's take a look at firms raising/lowering their dividends this week.
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Vertex Reports Strong Q2, Trial Setback Punishes Shares
Aug 5, 2025
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Image Source: TradingView.
Though the trial setback in pain management has sent shares of Vertex Pharma tumbling, we continue to like Vertex’s net cash rich balance sheet, cystic fibrosis franchise, its groundbreaking CRISPR/Cas9 gene-edited therapy and its novel non-opioid pain medicine. Shares remain a holding in the Best Ideas Newsletter portfolio. Our $445 per share fair value estimate remains unchanged at this time.
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Amazon’s Third Quarter Operating Income Guidance Conservative
Aug 2, 2025
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Image Source: TradingView.
Though Amazon’s operating cash flow has increased for the trailing twelve month period, free cash flow languished to $18.2 billion compared with $53 billion for the trailing twelve months ended June 30. Similar to its Magnificent 7 peers, Amazon is spending aggressively to capitalize on AI demand and to further grow its AWS business at a hefty pace. There were some soft spots in the quarter related to its third-quarter operating income guidance and free cash flow performance, but we expect Amazon to once again beat the range of its operating income guidance when it reports third quarter results. Free cash flow, however, will continue to be weighed down by robust capital spending.
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