Business Parks (PSB) 108.26 $PSB
Public Storage Reports Results for the Three and Six Months Ended June 30, 2016
BusinessWire - Wed Jul 27, 5:12PM CDT
Public Storage (NYSE
SA) announced today operating results for the three and six months ended June 30, 2016.
PSA: 232.85 (-1.50), PSB: 108.26 (-2.27)
PS Business Parks (PSB) Q2 FFO Beats: Shares Down Less Than 1%
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 3:03PM CDT
PS Business Parks Inc.'s (PSB) second-quarter 2016 adjusted funds from operations (FFO) per share came at $1.36, beating the Zacks Consensus Estimate by 4 cents.
ESS: 230.28 (-1.23), PSB: 108.26 (-2.27), AIV: 44.93 (-0.24), TCO: 79.25 (-1.04)
Public Storage Announces Pricing of 4.95% Cumulative Preferred Shares of Beneficial Interest, Series D
BusinessWire - Wed Jul 13, 6:18PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSESA, the "Company"
, announced that the Company has priced a public offering of 12,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 4.95% Cumulative Preferred Share of Beneficial Interest, Series D. The offering is expected to result in $300 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about July 20, 2016, subject to customary closing conditions. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities and for general corporate purposes.
PSA: 232.85 (-1.50), PSB: 108.26 (-2.27), WFC: 47.48 (-0.22), MS: 28.42 (+0.42)
Prologis (PLD) Completes 16 Build-to-Suit Projects in 1H
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 4:53PM CDT
Prologis Inc. (PLD) build-to-suit activity remains solid this year with the company completing 16 build-to-suit development projects in the first half.
BXP: 139.96 (-0.68), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), PLD: 53.84 (-0.36)
PS Business Parks, Inc. to Release Second Quarter 2016 Earnings and Host Quarterly Conference Call
BusinessWire - Fri Jul 08, 4:03PM CDT
PS Business Parks, Inc. (NYSESB) announced today that it intends to release its second quarter 2016 earnings after the close of business on Tuesday, July 26, 2016.
PSB: 108.26 (-2.27)
Public Storage to Release Second Quarter 2016 Earnings Results and Host Quarterly Conference Call
BusinessWire - Thu Jul 07, 4:03PM CDT
Public Storage (NYSESA) announced today it intends to release its second quarter 2016 earnings results on Wednesday, July 27, 2016. A conference call is scheduled for Thursday, July 28, 2016, at 11:00 a.m. (PDT) to discuss these results.
PSA: 232.85 (-1.50), PSB: 108.26 (-2.27)
Boston Properties Completes Colorado Center Stake Buyout
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 9:26AM CDT
Boston Properties Inc. (BXP) has completed the acquisition of 49.8% stake in the Colorado Center in Santa Monica, CA. The move marked the company's foray into the Westside Los Angeles market.
DCT: 49.42 (-0.39), BXP: 139.96 (-0.68), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65)
CoreSite (COR) Seals Distribution Deal with Ingram Micro
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 7:59AM CDT
CoreSite Realty (COR) and Ingram Micro (IM) signed a distribution agreement that would enable Ingram Micro to offer CoreSite's data center colocation services and solutions.
DCT: 49.42 (-0.39), IM: 34.19 (+0.13), PSB: 108.26 (-2.27), COR: 79.92 (-0.69)
CoreSite (COR) Chosen to Expand Paperspace Cloud Platform
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 8:13AM CDT
The data center REIT, CoreSite Realty Corporation (COR), has been chosen by Paperspace to meet the requirements of its newly launched cloud computing platform.
DCT: 49.42 (-0.39), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27), COR: 79.92 (-0.69)
Prologis Planning Multi-Story Development in South Seattle
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 8:42AM CDT
Prologis Inc. (PLD) is planning to come up with a multi-story development in South Seattle, according to a business journal.
DCT: 49.42 (-0.39), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27), PLD: 53.84 (-0.36)
Gladstone Commercial Achieves 98.5% Portfolio Occupancy
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 8:38AM CDT
Gladstone Commercial Corporation (GOOD) disclosed signing of three news leases that has helped the company achieve portfolio occupancy to 98.5%.
DCT: 49.42 (-0.39), GOOD: 17.67 (-0.13), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27)
Why REITs Are Preferred Investments Right Now
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 3:39PM CDT
Why REITs Are Preferred Investments Right Now
MPW: 15.20 (-0.23), IVR: 14.72 (+0.30), ROIC: 22.44 (-0.15), AHH: 14.19 (-0.22), APLE: 19.93 (-0.28), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), COR: 79.92 (-0.69), WSR: 15.15 (-0.31), UE: 29.30 (-0.31), ELS: 81.00 (-0.59), EDR: 47.99 (-0.21), CTRE: 14.00 (-0.07), DCT: 49.42 (-0.39), INN: 13.97 (+0.05), KIM: 31.36 (-0.29), BFS: 65.24 (-1.46), WPC: 71.14 (-0.44), TWO: 8.74 (+0.08)
One Liberty Properties Buys El Paso Distribution Facility
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 8:37AM CDT
One Liberty Properties, Inc. (OLP) disclosed the acquisition of a distribution facility in El Paso, TX. The company has shelled out $23.7 million for the purchase.
DCT: 49.42 (-0.39), OLP: 24.44 (-0.16), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27)
SL Green Signs Renewal, Expansion Deal with New York Life
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 9:08AM CDT
SL Green Realty Corp. (SLG) disclosed signing a 10-year renewal and expansion lease deal with New York Life Insurance Company at the Graybar Building.
DCT: 49.42 (-0.39), SLG: 116.25 (+0.22), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65)
Troubled by Residential Real Estate? Buy These REITs Instead
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:54AM CDT
Things got worse for the residential REIT stocks that saw a sell-off over the past few days following a guidance cut for 2016 same store revenue by Equity Residential (EQR).
INN: 13.97 (+0.05), WPC: 71.14 (-0.44), PSB: 108.26 (-2.27), COR: 79.92 (-0.69), EQR: 65.84 (-1.43)
Prologis Reaps $1.6B in Proceeds, Exceeds Target Mid-Point
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 7:16AM CDT
Prologis Inc. (PLD) has reaped proceeds of $1.6 billion since the start of 2016 through May 31, from non-strategic dispositions, fund contributions and fund rebalance.
DCT: 49.42 (-0.39), FB: 122.65 (-0.44), PSB: 108.26 (-2.27), PLD: 53.84 (-0.36)
Vornado Closes Manhattan Building Financing, Sells Stake
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:15AM CDT
Vornado Realty Trust (VNO) recently sold a 47% stake in a Manhattan office building at a value of $561 million and also completed a $300 million recourse financing of this asset.
VNO: 104.92 (-0.19), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), WSR: 15.15 (-0.31)
Welltower (HCN) Debt Rating Upgraded to Baa1: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 8:37AM CDT
Ushering in good news for Welltower Inc. (HCN), Moody's Investors Service announced a rating upgrade with a stable outlook.
HCN: 76.57 (-1.23), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), MCO: 104.20 (+0.01)
First Potomac (FPO) to Sell Storey Park in Washington, D.C.
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:12AM CDT
First Potomac Realty Trust (FPO) is set to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., for gross proceeds of $54.5 million.
FPO: 9.94 (-0.15), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), WSR: 15.15 (-0.31)
Public Storage Presentation at NAREIT REITWeek 2016 to be Web Cast
BusinessWire - Tue May 31, 4:04PM CDT
Public Storage (NYSESA) announced today that the Company will make a presentation at NAREIT REITWeek 2016 in New York at the Waldorf Astoria in the Astor Room on Tuesday, June 7, 2016, from 3:00 p.m. to 3:30 p.m. (EDT). The presentation will be web cast and will be available on Public Storage's web site at www.publicstorage.com at "Company Info, Investor Relations, News and Events, Events Calendar" on the day of the conference. An audio archive of the web cast will be available through June 21, 2016.
PSA: 232.85 (-1.50), PSB: 108.26 (-2.27)
Public Storage Reports Results for the Three and Six Months Ended June 30, 2016
BusinessWire - Wed Jul 27, 5:12PM CDT
Public Storage (NYSE
SA) announced today operating results for the three and six months ended June 30, 2016. PSA: 232.85 (-1.50), PSB: 108.26 (-2.27)
PS Business Parks (PSB) Q2 FFO Beats: Shares Down Less Than 1%
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 3:03PM CDT
PS Business Parks Inc.'s (PSB) second-quarter 2016 adjusted funds from operations (FFO) per share came at $1.36, beating the Zacks Consensus Estimate by 4 cents.
ESS: 230.28 (-1.23), PSB: 108.26 (-2.27), AIV: 44.93 (-0.24), TCO: 79.25 (-1.04)
Public Storage Announces Pricing of 4.95% Cumulative Preferred Shares of Beneficial Interest, Series D
BusinessWire - Wed Jul 13, 6:18PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA, the "Company", announced that the Company has priced a public offering of 12,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 4.95% Cumulative Preferred Share of Beneficial Interest, Series D. The offering is expected to result in $300 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about July 20, 2016, subject to customary closing conditions. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities and for general corporate purposes. PSA: 232.85 (-1.50), PSB: 108.26 (-2.27), WFC: 47.48 (-0.22), MS: 28.42 (+0.42)
Prologis (PLD) Completes 16 Build-to-Suit Projects in 1H
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 4:53PM CDT
Prologis Inc. (PLD) build-to-suit activity remains solid this year with the company completing 16 build-to-suit development projects in the first half.
BXP: 139.96 (-0.68), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), PLD: 53.84 (-0.36)
PS Business Parks, Inc. to Release Second Quarter 2016 Earnings and Host Quarterly Conference Call
BusinessWire - Fri Jul 08, 4:03PM CDT
PS Business Parks, Inc. (NYSE
SB) announced today that it intends to release its second quarter 2016 earnings after the close of business on Tuesday, July 26, 2016. PSB: 108.26 (-2.27)
Public Storage to Release Second Quarter 2016 Earnings Results and Host Quarterly Conference Call
BusinessWire - Thu Jul 07, 4:03PM CDT
Public Storage (NYSE
SA) announced today it intends to release its second quarter 2016 earnings results on Wednesday, July 27, 2016. A conference call is scheduled for Thursday, July 28, 2016, at 11:00 a.m. (PDT) to discuss these results. PSA: 232.85 (-1.50), PSB: 108.26 (-2.27)
Boston Properties Completes Colorado Center Stake Buyout
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 9:26AM CDT
Boston Properties Inc. (BXP) has completed the acquisition of 49.8% stake in the Colorado Center in Santa Monica, CA. The move marked the company's foray into the Westside Los Angeles market.
DCT: 49.42 (-0.39), BXP: 139.96 (-0.68), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65)
CoreSite (COR) Seals Distribution Deal with Ingram Micro
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 7:59AM CDT
CoreSite Realty (COR) and Ingram Micro (IM) signed a distribution agreement that would enable Ingram Micro to offer CoreSite's data center colocation services and solutions.
DCT: 49.42 (-0.39), IM: 34.19 (+0.13), PSB: 108.26 (-2.27), COR: 79.92 (-0.69)
CoreSite (COR) Chosen to Expand Paperspace Cloud Platform
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 8:13AM CDT
The data center REIT, CoreSite Realty Corporation (COR), has been chosen by Paperspace to meet the requirements of its newly launched cloud computing platform.
DCT: 49.42 (-0.39), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27), COR: 79.92 (-0.69)
Prologis Planning Multi-Story Development in South Seattle
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 8:42AM CDT
Prologis Inc. (PLD) is planning to come up with a multi-story development in South Seattle, according to a business journal.
DCT: 49.42 (-0.39), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27), PLD: 53.84 (-0.36)
Gladstone Commercial Achieves 98.5% Portfolio Occupancy
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 8:38AM CDT
Gladstone Commercial Corporation (GOOD) disclosed signing of three news leases that has helped the company achieve portfolio occupancy to 98.5%.
DCT: 49.42 (-0.39), GOOD: 17.67 (-0.13), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27)
Why REITs Are Preferred Investments Right Now
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 3:39PM CDT
Why REITs Are Preferred Investments Right Now
MPW: 15.20 (-0.23), IVR: 14.72 (+0.30), ROIC: 22.44 (-0.15), AHH: 14.19 (-0.22), APLE: 19.93 (-0.28), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), COR: 79.92 (-0.69), WSR: 15.15 (-0.31), UE: 29.30 (-0.31), ELS: 81.00 (-0.59), EDR: 47.99 (-0.21), CTRE: 14.00 (-0.07), DCT: 49.42 (-0.39), INN: 13.97 (+0.05), KIM: 31.36 (-0.29), BFS: 65.24 (-1.46), WPC: 71.14 (-0.44), TWO: 8.74 (+0.08)
One Liberty Properties Buys El Paso Distribution Facility
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 8:37AM CDT
One Liberty Properties, Inc. (OLP) disclosed the acquisition of a distribution facility in El Paso, TX. The company has shelled out $23.7 million for the purchase.
DCT: 49.42 (-0.39), OLP: 24.44 (-0.16), DEI: 37.37 (-0.16), PSB: 108.26 (-2.27)
SL Green Signs Renewal, Expansion Deal with New York Life
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 9:08AM CDT
SL Green Realty Corp. (SLG) disclosed signing a 10-year renewal and expansion lease deal with New York Life Insurance Company at the Graybar Building.
DCT: 49.42 (-0.39), SLG: 116.25 (+0.22), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65)
Troubled by Residential Real Estate? Buy These REITs Instead
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:54AM CDT
Things got worse for the residential REIT stocks that saw a sell-off over the past few days following a guidance cut for 2016 same store revenue by Equity Residential (EQR).
INN: 13.97 (+0.05), WPC: 71.14 (-0.44), PSB: 108.26 (-2.27), COR: 79.92 (-0.69), EQR: 65.84 (-1.43)
Prologis Reaps $1.6B in Proceeds, Exceeds Target Mid-Point
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 7:16AM CDT
Prologis Inc. (PLD) has reaped proceeds of $1.6 billion since the start of 2016 through May 31, from non-strategic dispositions, fund contributions and fund rebalance.
DCT: 49.42 (-0.39), FB: 122.65 (-0.44), PSB: 108.26 (-2.27), PLD: 53.84 (-0.36)
Vornado Closes Manhattan Building Financing, Sells Stake
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:15AM CDT
Vornado Realty Trust (VNO) recently sold a 47% stake in a Manhattan office building at a value of $561 million and also completed a $300 million recourse financing of this asset.
VNO: 104.92 (-0.19), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), WSR: 15.15 (-0.31)
Welltower (HCN) Debt Rating Upgraded to Baa1: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 8:37AM CDT
Ushering in good news for Welltower Inc. (HCN), Moody's Investors Service announced a rating upgrade with a stable outlook.
HCN: 76.57 (-1.23), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), MCO: 104.20 (+0.01)
First Potomac (FPO) to Sell Storey Park in Washington, D.C.
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:12AM CDT
First Potomac Realty Trust (FPO) is set to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., for gross proceeds of $54.5 million.
FPO: 9.94 (-0.15), PSB: 108.26 (-2.27), CLI: 27.86 (+0.65), WSR: 15.15 (-0.31)
Public Storage Presentation at NAREIT REITWeek 2016 to be Web Cast
BusinessWire - Tue May 31, 4:04PM CDT
Public Storage (NYSE
SA) announced today that the Company will make a presentation at NAREIT REITWeek 2016 in New York at the Waldorf Astoria in the Astor Room on Tuesday, June 7, 2016, from 3:00 p.m. to 3:30 p.m. (EDT). The presentation will be web cast and will be available on Public Storage's web site at www.publicstorage.com at "Company Info, Investor Relations, News and Events, Events Calendar" on the day of the conference. An audio archive of the web cast will be available through June 21, 2016. PSA: 232.85 (-1.50), PSB: 108.26 (-2.27)
