Preferred Stock Investing
Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
Quotes delayed 20 minutes


Buy (2.57 out of 4)
27th percentile
(ranked lower than approx. 73% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
www.valueforum.com/7/
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Friday, December 19, 3:11 PM

Slide #2. Public Storage Preferred Stock Offering

Company: Public Storage (NYSE:PSA)
Date announced: 11/20/2014
Shares Offered: 7,000,000
Date of Pricing: 11/20/2014
Price Per Share: $25
Preferred Stock Offering Details: John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE:PSA), announced that the Company has priced a public offering of 7,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 5.875% Cumulative Preferred Share of Beneficial Interest, Series A. The offering is expected to result in $175 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about December 2, 2014. 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.

Public Storage is a real estate investment trust. At Dec 31 2013, Co.'s business activities are: domestic self-storage, whereby Co. acquires, develops, owns and operates self-storage facilities which provide storage spaces for lease for personal and business use; European self-storage, in which Co. has a 49.0% equity interest in Shurgard Europe that owned 187 self-storage facilities in seven countries in Western Europe under Shugard brand name; and Commercial, in which Co. has a 42.0% equity interest in PS Business Parks, Inc., which owns and operates commercial space. At Dec 31 2013, Co. had direct and indirect equity interests in 2,200 self-storage facilities in 38 states within the U.S.

Preferreds: PSA.PRS, PSA.PRA, PSA.PRD, PSA.PRF, PSA.PRO, PSA.PRX, PSA.PRZ, PSA.PRU, PSA.PRT, PSA.PRR, PSA.PRP, PSA.PRQ, PSA.PRV, PSA.PRW, PSA.PRY


Open the PSA Page at Preferred Stock Channel »

Name:  Public Storage
Website:  www.publicstorage.com
Sector:  REITs
Number of ETFs Holding PSA:  88 (see which ones)
Total Market Value Held by ETFs:  $3,749,965,203
Total Market Capitalization:  $31,586,000,000
% of Market Cap. Held by ETFs:  11.87%
 

Open the PSA Page at Preferred Stock Channel (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 2 of 218 | www.PreferredStockChannel.com | Copyright © 2011 - 2014, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.