Public Storage Breaks Out!
Image Shown: Public Storage’s chart looks mighty attractive, with shares having experienced a powerful breakout recently. Its dividend is equally attractive, in our view. Brian Nelson, CFA On Wednesday, April 28, Public Storage (PSA) reported excellent first-quarter 2021 results. The self-storage giant grew core funds from operations (FFO) 9.3% in the period, to $2.82 per diluted share. Same store direct net operating income advanced 6.5% as same store sales increased while same store direct cost of operations fell. Everything seems to be going right for Public Storage at the moment. Here’s what Public Storage’s CEO Joe Russell had to say about the quarter and outlook in the press release: Public Storage’s focus on the customer experience, operating model innovation, and … Read more