Integrate Names Kristy Pipes to Board of Directors prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
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Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.125% Cumulative Preferred Shares, Series C (NYSE:PSAPrC) on June 30, 2021 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $200,000,000.
Company Information
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 March 31, 2021, we had: (i) interests in 2,563 self-storage facilities located in 38 states with approximately 176 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self-Storage SA (Euronext Brussels:SHUR) which owned 243 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand, and
Is PS Business Parks Inc. (PSB) A Smart Long-Term Buy?
Heartland Advisors, an investment management firm, published its “Heartland Mid Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 15.81% was delivered by the fund’s institutional class shares for the Q1 of 2021, outperforming its Russell Midcap® Value benchmark that delivered a 13.05% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Heartland Mid Cap Value Fund, in its Q1 2021 investor letter, mentioned PS Business Parks, Inc. (NYSE: PSB), and shared their insights on the company. PS Business Parks, Inc. is a Glendale, California-based real estate investment trust company that currently has a $4.2 billion market capitalization. Since the beginning of the year, PSB delivered a 16.26% return, extending its 12-month gains to 38.16%. As of May 13, 2021, the stock closed at $154.48 per share.
Rayonier (RYN) Q1 Earnings Meet Estimates, Revenues Down Y/Y yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Operator
Good afternoon, and welcome to the PS Business Parks First Quarter 2021 Earnings Results Conference Call and Webcast. [Operator Instructions]
It is now my pleasure to turn the floor over to Jeff Hedges, PSB s Chief Financial Officer. Sir, you may begin.
Jeff Hedges
Executive Vice President, Chief Financial Officer and Secretary
Thank you. Good morning, everyone, and thank you for joining us for the first quarter 2021 PS Business Parks investor conference call. This is Jeff Hedges, Chief Financial Officer. With me today is our President and Chief Executive Officer, Mac Chandler; our Chief Operating Officer, John Petersen; and our Chief Accounting Officer, Trenton Groves. Before we begin, let me remind everyone that all statements other than statements of historical fact included in this conference call are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond PS Business Parks control