SocialPicks Sentiment:
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This Quarter's Sentiment:
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SocialPicks Community
The company has a strong balance sheet and plenty of cash
PSA
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-6.10%
in
607 days
PSA reported strong 4Q07 and full year 2007 results with FFO increasing 57.3% and 39.2% respectively from the comparable periods in 2006. Operationally, PSA s portfolio continues to perform well; same store NOI and rental rates increased from last year across the company s markets. The merger integration is now complete which will result in significant cost savings going forward.
The company has a strong balance sheet and plenty of cash to be active in the acquisitions and development markets. Shares of PSA are well off their 52 week high due to a general sector sell off. Despite a weake...
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A great REIT to own
PSA
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-3.44%
in
774 days
Rising earnings, rising sales, a low price to book ratio, and a dividend of 2.5%. What more could you ask for? <> The REITS have gotten hammered with the housing crunch. If Public Storage was not classified as a REIT it would probably be trading at $100 per share. The classification of being called a REIT means that th company has to give back to it's share holders a substainal portion of it's profits. Now there is a noval idea. You folks that owned World Comm from beginning to end, did you make up for the lose with your dividend check? Enron? lol. Wall Street has no respect for the<>...
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Down-trodded REIT
PSA
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+1.65%
in
839 days
near 52 week low.... look for PR stories re REITS and progress of Shurgard merger to build interest and drive price up.... REIT contrarian + post-M&A hangover play.
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PSA is a SELL
PSA
PSA is a HOLD
PSA
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-6.08%
in
15 days
(closed on 06/26/07)
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From the Blogosphere
Public Storage Revenues Dip – Analyst Blog
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Public Storage (PSA), a real estate investment trust (REIT) operating self-storage facilities, reported a decline in total revenues for the third quarter to $412.9 million, compared to $431.2 million in the year-earlier quarter. The year over year decrease in revenue was primarily due to the continued challenges in the macroeconomic environment.
During the quarter, FFO (fund from operations) was $1.44 per share, compared to $1.08 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization ...
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PSB Quarterly FFO Dips – Analyst Blog
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PS Business Parks Inc. (PSB), a real estate investment trust (REIT) that acquires, develops, owns, and operates commercial properties, reported a decline in third quarter 2009 FFO (fund from operations) to $31.5 million or $1.04 per share from $32.0 million or $1.14 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The decrease in FFO was primarily due to a decrease in net operating income, which declined 5.9% year-over-year f...
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Chicago Bridge & Iron Beats – Analyst Blog
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Chicago Bridge & Iron Company NV (CBI) reported net income of $40.8 million, or 42 cents per diluted share, for the third quarter of 2009, compared with $8.6 million, or 9 cents per diluted share, in the third quarter of 2008. This was higher than Zacks Consensus Estimate of 38 cents per share. Revenue for the quarter was $1.0 billion compared with third quarter 2008 revenue of $1.6 billion.
New awards for the reported quarter totaled $1.6 billion, including CB&I’s $550 million Gorgon LNG contract in Australia and the $530 million GASCO award in Abu Dhabi. With less work, the company cut s< />< />< />< />< />< /><><>< /><>< /><>< /><>< /><><>< /><>< /><>< />< />...
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Analyst upgrades, downgrades and initiations: AA, BIG, ED, FDX, MGM, MSFT, SKS ...
Filed under: Analyst reports, Analyst upgrades and downgrades, Alcoa Inc (AA), Analyst initiations  Analyst upgrades:
<> Jefferies upgraded Consolidated Edison (NYSE: ED) to Buy from Hold on expectations the company will be able to reach a settlement with the New York PSC Staff that will provide benefits to both ratepayers and shareholders. The firm raised its target on shares to $46 from $40.50. <>Keefe Bruyette upgraded Public Storage (NYSE: PSA) to Market Perform from Underperform to reflect the company's balance sheet, industry leading position, and potential for accretive acquisitions....
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Profiting from Foreclosures?
<>The foreclosure rate appears to be going up. Maybe the rate and persistence of the increase is open to interpretation but more foreclosures seems like a certainty. Losing one's home does not necessarily mean a person becomes homeless and penniless.
Some portion of these people will still have their jobs and be living somewhere like in an $800 apartment (versus a recently adjusted $3500 mortgage) or with a relative. Won't some portion of these forcibly downsized people put a lot of their stuff in storage? If so could this be a positive catalyst for Public Storage (PSA), Sovran Self Storage (<>S...
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About Public Storage Inc.
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