• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: Public Storage Dec 11 Product Image

Summary: Public Storage Dec 11

  • ID: 2039520
  • December 2011
  • Standard & Poors

Abstract
Our ratings on Public Storage reflect a strong business risk profile that is supported by the company's leading market position in the highly fragmented self-storage sector, and above-average profitability and occupancy levels that contribute to steady discretionary cash flow. The company's recently reduced levels of debt and preferred stock, strengthened debt and dividend coverage measures, and strong liquidity position support our modest financial risk profile assessment. In addition, recently completed refinancing transactions within the company's Shurgard Europe joint venture have reduced leverage and complexity within the entity and better positioned it for improved profitability. Glendale, California-based Public Storage is the second-largest U.S. REIT with a $20 billion equity market capitalization and is the country's largest owner and operator of self-storage...

Companies mentioned in this report are: Public Storage
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

Note: Product cover images may vary from those shown

Public Storage

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS