Morningstar

Morningstar, Inc.

Equity Bottom-Up

No-moat rated Public Storage reported a decent first quarter as it continues to extract value from its resilient business model. Funds from operations grew 6.3% to $2.52 per share, largely due to external growth from newly developed properties. We think that Public Storage’s focus on developing, rather than acquiring, new properties makes sense given the persistently low cap rate environment. That said, we would have liked to have seen more substantial evidence of internal growth. We are…

United States

Public Storage is a real estate investment trust. The trust's principal business activities include the acquisition, development, ownership and operation of self-storage facilities in the United States. Public Storage also own an equity interest in an owner and operator of self-storage facilities in Europe.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00