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Public Storage

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Shares of Public Storage outperformed the Zacks categorized REIT and Equity Trust – Other industry over the past six months. However, its first-quarter and full year 2017 funds from operations (FFO) per share estimates moved down over the past seven days. Admittedly, Public Storage is a recognized and established name in the self-storage industry in the U.S., and its acquisition and expansion efforts look encouraging. Also, the self-storage industry is expected to continue experience solid demand backed by favorable demographic changes. However, rising supply in a number of its markets is a concern. Rate hike also adds to its woes.


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