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$PSA

4 articles found
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0 negative
0 neutral
BenzingaBenzinga··Caroline Ryan

Wave of Mega-Deals Reshapes Storage, Payments, Data Sectors Amid Bankruptcy Wave

Major M&A wave includes Public Storage's $10.5B acquisition of National Storage, Mastercard's $1.8B BVNK purchase, and IBM's $11B Confluent deal, while multiple companies including Domino's franchisee file for bankruptcy.
IBMMADPZGEHCPSA+22healthcarefintech
The Motley FoolThe Motley Fool··Joe Tenebruso

Public Storage's $10.5B NSA Acquisition Creates Self-Storage Giant

Public Storage acquires National Storage Affiliates for $10.5 billion at 35% premium, creating $57 billion self-storage giant through operational synergies.
PSAPSApFPSApGPSApHPSApI+13acquisitionmerger
BenzingaBenzinga··Akanksha Bakshi

Public Storage to Acquire National Storage Affiliates for $10.5B in Landmark REIT Deal

Public Storage agrees to acquire National Storage Affiliates for $10.5B in all-stock deal, expecting $110-130M synergies and Year 1 FFO accretion.
PSAPSApFPSApGPSApHPSApI+15acquisitionsynergies
The Motley FoolThe Motley Fool··Matt Dilallo

CubeSmart Poised for Turnaround as Self-Storage Market Stabilizes

CubeSmart poises for recovery as self-storage market stabilizes with improving move-in rates. REIT must capitalize on sector improvement to match broader market returns.
CUBEEXRPSAPSApFPSApG+12market underperformanceoccupancy rates