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$80.06 -0.28 (-0.35%)
7/3/2008 1:01 PM

Public Storage (PSA)

CAPS Rating:
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The Company is a fully integrated, self-administered and self-managed REIT that acquires, develops, owns and operates self-storage facilities.

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Avatar dwot (99.99) Submitted: 11/24/07 1:04 AM : Underperform Start Price: $71.66 PSA Score: -28.39

It looks like they keep issuing preferred shares that get a considerably better dividend than the common shares. So, this one gets in trouble and the preferred shareholders continue to get a dividend and the common share holders are screwed... At least that was my read of it, a lot of the earnings go to preferred share holders at 6-7%, common shareholders get 2.7%.

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