Goldman Sachs Raises Public Storage (PSA) Target as Acquisition Advantage Drives Growth

On February 21, Goldman Sachs expert Caitlin Burrows raised her terms proposal connected Public Storage (NYSE:PSA) to $330 from $321. The expert kept a Buy standing connected the banal pursuing its Q4 results. She said 1 of the company’s biggest advantages is its quality to get ample amounts of assets portion inactive generating beardown returns, mostly due to the fact that of its little outgo of capital. This puts Public Storage successful a presumption to prosecute deals that galore competitors whitethorn walk on. She besides noted that the company’s quality to proceed processing properties crossed antithetic marketplace cycles has been a dependable and reliable root of net growth.

During the company’s fourth-quarter net call, CEO Joseph Russell spoke astir what helium described arsenic a large enactment transition. He announced that Tom Boyle had been promoted to CEO and Trustee, calling it a generational alteration for the company. Russell said helium had worked intimately with Boyle for astir 10 years, and highlighted Boyle’s beardown way grounds arsenic CFO and CIO, wherever helium played a cardinal relation successful superior allocation, fiscal planning, and wide concern performance.

Russell said Joe Fisher, the company’s caller President and CFO, brings heavy manufacture acquisition and is good respected successful the REIT sector, making him a beardown summation to the company’s enactment team. He besides talked astir the motorboat of PS4.0, describing it arsenic the adjacent signifier successful Public Storage’s semipermanent strategy. Russell noted that the institution has delivered beardown results successful caller years. Between 2023 and 2025, Public Storage led its assemblage successful same-store gross growth, NOI growth, and NOI margins. He added that the institution besides posted the strongest halfway FFO per stock maturation and generated full shareholder returns of 18.6%, outperforming its peers during that time.

Public Storage (NYSE:PSA) is simply a self-storage REIT that owns and operates retention facilities crossed its network. Its properties supply retention abstraction for some individuals and businesses, typically connected flexible month-to-month lease terms.

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