Public Storage

PSA

Market cap $54.3B

Most REITs are not ideal “forever” holdings. A few REITs have rare long-term compounding potential. Three unique landlords could keep growing for decades.

REITs are required to distribute 90%+ of taxable income, which is why their yields run well above the broad market.

Public Storage 5.60% Series H preferred currently offers a higher yield than JPMorgan 6.00% Series EE preferred, despite superior credit quality. Historical pricing shows PSA.PR.H typically trades at a lower yield than JPM.PR.C, with current mispricing presenting a mean reversion pair trade opportunity. PSA.PR.H tends to underperform during selling pressure but rebounds more strongly than JPM.PR.C once pressure subsides, supporting the long PSA.PR.H/short JPM.PR.C thesis.

REITs are rising as investors seek AI-resilient assets. The 'HALO' trade may still be in its early innings. Many REIT sectors could directly benefit from AI growth as well.

REITs are rallying, but some laggards remain deeply discounted. Temporary oversupply has created rare buying opportunities. These undervalued REITs could be next to recover.

FRISCO, Texas--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that on May 6, 2026, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on June 30, 2026, to shareholders of record as of June 15, 2026. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and oper.

U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.

Some of the cheapest REITs are in sectors hit by temporary oversupply. Storage and life science stand out as especially discounted today. Patient investors may find rare long-term upside in the selloff.

Public Storage (PSA) Q1 2026 Earnings Call Transcript

PSA beats Q1 core FFO and revenue estimates as non-same-store growth jumps and its $10.5B National Storage Affiliates deal nears.