NYSE:PSASpecialized REITs
Public Storage (PSA) Stock Could Be 34% Undervalued Despite Steady Cash Flow
Public Storage has delivered a 29.0% share price gain over the past 3 years, which puts a spotlight on what investors are really paying for in terms of its future cash flows. With the stock recently closing at US$300.76, the question is how that price lines up with what the underlying business can generate in cash over time.
A 29.0% return over 3 years means holders have already seen a solid payoff. Fresh buyers need to ask how much of the company’s future cash generation may already be...