How Much Would It Take To Earn $100 A Month From Public Storage Stock?

Public Storage PSA is a REIT that primarily acquires, develops, owns and operates self-storage facilities.

It will report its Q3 2024 earnings on Oct. 30 after the market close. Wall Street analysts expect the company to post an EPS of $4.25, down from $4.33 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.18 billion, up from $1.08 billion in the year-ago period.

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The 52-week Public Storage stock price range was $233.18 to $369.99.

Public Storage’s dividend yield is 3.53%. During the last 12 months, it paid $11.99 per share in dividends.

The Latest On Public Storage

On July 30, the company announced its Q2 2024 earnings, posting an FFO of $4.23, above the consensus estimate of $4.21, while revenues of $1.173 billion came in below the consensus of $1.18 billion, as reported by Benzinga. 

"Operating performance met or exceeded our expectations during the quarter except for customer move-in rents, which were impacted by industrywide competition. We are adjusting our outlook for 2024 to reflect market move-in rent dynamics while remaining very encouraged by signs of stabilization across our portfolio. Our recent repurchase of $200 million of Public Storage common shares reflects our strong confidence in the company's near, medium and long-term outlooks," said Joe Russell, President and Chief Executive Officer.

Here’s how much $1000 invested in Public Storage 20 years ago would be worth today.

Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

How Can You Earn $100 Per Month As A Public Storage Investor?

If you want to make $100 per month –$1,200 annually – from Public Storage dividends, your investment value needs to be approximately $33,994, which is around 100 shares at $339.77 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.53% in this case). So, $1,200 / 0.0353 = $33,994 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Public Storage stock an attractive option for making a steady income of $100 per month by owning 100 shares of stock. 

You Can Profit From Real Estate Without Being A Landlord

Real estate is a great way to diversify your portfolio and earn high returns, but it can also be a big hassle. Luckily, there are other ways to tap into the power of real estate without owning property.

The Arrived Homes investment platform has created an Income Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.

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