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Public Storage Declares Third Quarter 2024 Dividends

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Public Storage (NYSE:PSA), a leading self-storage REIT and member of the S&P 500 and FT Global 500, has announced its third quarter 2024 dividends. The company's Board of Trustees declared a regular quarterly common dividend of $3.00 per share, payable on September 30, 2024, to shareholders of record as of September 13, 2024. Dividends were also declared for various series of preferred shares.

As of June 30, 2024, Public Storage's portfolio included 3,049 self-storage facilities across 40 U.S. states, totaling approximately 219 million net rentable square feet. Additionally, the company holds a 35% common equity interest in Shurgard Self Storage , which operates 281 facilities in seven Western European countries under the Shurgard® brand.

Public Storage (NYSE:PSA), un leader nel settore dei REIT per l'autosilo e membro dell'S&P 500 e del FT Global 500, ha annunciato i suoi dividendi per il terzo trimestre del 2024. Il Consiglio dei Trustee della società ha dichiarato un dividendo ordinario trimestrale di $3,00 per azione, pagabile il 30 settembre 2024, agli azionisti registrati entro il 13 settembre 2024. Sono stati dichiarati dividendi anche per diverse serie di azioni privilegiate.

Al 30 giugno 2024, il portafoglio di Public Storage includeva 3.049 strutture di autosilo in 40 stati degli Stati Uniti, per un totale di circa 219 milioni di piedi quadrati netti affittabili. Inoltre, la società detiene un partecipazione in equity comune del 35% in Shurgard Self Storage, che gestisce 281 strutture in sette paesi dell'Europa occidentale sotto il marchio Shurgard®.

Public Storage (NYSE:PSA), un líder en el sector de REIT de autop almacenamiento y miembro del S&P 500 y del FT Global 500, ha anunciado sus dividendos para el tercer trimestre de 2024. La Junta de Fideicomisarios de la compañía declaró un dividendo ordinario trimestral de $3.00 por acción, que será pagadero el 30 de septiembre de 2024, a los accionistas registrados hasta el 13 de septiembre de 2024. También se declararon dividendos para varias series de acciones preferidas.

Hasta el 30 de junio de 2024, el portafolio de Public Storage incluía 3,049 instalaciones de autop almacenamiento en 40 estados de EE. UU., con un total de aproximadamente 219 millones de pies cuadrados netos rentables. Además, la compañía posee un interés de capital común del 35% en Shurgard Self Storage, que opera 281 instalaciones en siete países de Europa Occidental bajo la marca Shurgard®.

퍼블릭 스토리지(Public Storage, NYSE:PSA)는 자가 저장 REIT의 선두주자로, S&P 500과 FT 글로벌 500의 일원으로, 2024년 3분기 배당금을 발표했습니다. 회사의 이사회는 주당 $3.00의 정기 분기 배당금을 선언했으며, 이는 2024년 9월 30일에 지급되고, 2024년 9월 13일 현재 주주에게 지급됩니다. 여러 종류의 우선주에 대해서도 배당이 선언되었습니다.

2024년 6월 30일 기준으로, 퍼블릭 스토리지의 포트폴리오에는 3,049개의 자가 저장 시설이 포함되어 있으며, 미국의 40개 주에 걸쳐 약 2억 1,900만 평방피트의 순 임대 가능 면적을 가지고 있습니다. 또한, 이 회사는 Shurgard Self Storage에 35%의 보통주 지분을 보유하고 있으며, 이는 서유럽의 7개 국가에서 Shurgard® 브랜드 아래 281개의 시설을 운영하고 있습니다.

Public Storage (NYSE:PSA), un des leaders du secteur des REIT de stockage et membre du S&P 500 et du FT Global 500, a annoncé ses dividendes pour le troisième trimestre 2024. Le Conseil de fiducie de la société a déclaré un dividende commun trimestriel de 3,00 USD par action, payable le 30 septembre 2024, aux actionnaires enregistrés au 13 septembre 2024. Des dividendes ont également été déclarés pour diverses séries d'actions privilégiées.

Au 30 juin 2024, le portefeuille de Public Storage comprenait 3.049 installations de stockage dans 40 États américains, totalisant environ 219 millions de pieds carrés nets louables. De plus, la société détient un intérêt en capital commun de 35% dans Shurgard Self Storage, qui exploite 281 installations dans sept pays d'Europe de l'Ouest sous la marque Shurgard®.

Public Storage (NYSE:PSA), ein führendes Self-Storage-REIT und Mitglied des S&P 500 sowie des FT Global 500, hat seine Dividenden für das dritte Quartal 2024 bekannt gegeben. Der Vorstand des Unternehmens hat eine regelmäßige vierteljährliche Dividende von 3,00 USD pro Aktie erklärt, die am 30. September 2024 an die Aktionäre gezahlt wird, die am 13. September 2024 im Aktienregister stehen. Dividenden wurden auch für verschiedene Serien von Vorzugsaktien erklärt.

Zum 30. Juni 2024 umfasste das Portfolio von Public Storage 3.049 Self-Storage-Anlagen in 40 US-Bundesstaaten mit insgesamt etwa 219 Millionen netto vermietbare Quadratfuß. Darüber hinaus hält das Unternehmen eine 35% Kapitalbeteiligung an Shurgard Self Storage, das 281 Anlagen in sieben westeuropäischen Ländern unter der Marke Shurgard® betreibt.

Positive
  • Declared a regular quarterly common dividend of $3.00 per share
  • Extensive portfolio of 3,049 self-storage facilities across 40 U.S. states
  • 219 million net rentable square feet in the United States
  • 35% common equity interest in Shurgard Self Storage , expanding European presence
Negative
  • None.

Public Storage's announcement of a $3.00 quarterly dividend maintains its consistent payout to shareholders, reflecting the company's stable financial position in the self-storage REIT sector. This dividend declaration, while routine, underscores several key points for investors:

  • Dividend Yield: At current share prices, this translates to an annual dividend yield of approximately 4%, which is competitive within the REIT sector and attractive in the current interest rate environment.
  • Financial Stability: The ability to maintain this dividend level suggests Public Storage's cash flow remains robust, likely driven by steady occupancy rates and potentially increasing rental rates in its vast portfolio of 3,049 facilities across 40 states.
  • Market Position: As a member of the S&P 500 and FT Global 500, Public Storage's size and market presence provide a degree of stability that smaller REITs may not offer, which can be appealing to risk-averse investors.
  • European Exposure: The 35% stake in Shurgard Self Storage offers geographical diversification, potentially hedging against localized market fluctuations.

While this news doesn't signal any dramatic shifts in Public Storage's strategy or performance, it reaffirms the company's commitment to shareholder returns and its stable position in the self-storage market. Investors should view this as a continuation of the company's established dividend policy rather than a catalyst for significant stock movement.

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE:PSA) announced today that on August 1, 2024, 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 September 30, 2024, to shareholders of record as of September 13, 2024.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2024, we had: (i) interests in 3,049 self-storage facilities located in 40 states with approximately 219 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 281 self-storage facilities located in seven Western European nations with approximately 16 million net rentable square feet operated under the Shurgard® brand. Our headquarters are located in Glendale, California.

Ryan Burke

(818) 244-8080, Ext. 1141

Source: Public Storage

FAQ

What is Public Storage's (PSA) dividend for Q3 2024?

Public Storage (PSA) declared a regular quarterly common dividend of $3.00 per share for the third quarter of 2024.

When will Public Storage (PSA) pay its Q3 2024 dividend?

Public Storage (PSA) will pay its third quarter 2024 dividend on September 30, 2024, to shareholders of record as of September 13, 2024.

How many self-storage facilities does Public Storage (PSA) own in the United States as of June 30, 2024?

As of June 30, 2024, Public Storage (PSA) owned interests in 3,049 self-storage facilities located in 40 states across the United States.

What is Public Storage's (PSA) total net rentable square feet in the US as of June 30, 2024?

Public Storage (PSA) had approximately 219 million net rentable square feet in the United States as of June 30, 2024.

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