Public Storage's strong earnings and acquisition boost dividend growth potential.

Public Storage (PSA), a leading self-storage REIT, demonstrates robust financial health with strong funds from operations (FFO) and adjusted funds from operations (FAD), ensuring solid dividend coverage. The recent acquisition of National Storage is expected to further boost FFO, supporting sustained dividend growth. PSA's Series N preferred stock offers an attractive 6.45% yield with potential upside if interest rates decline, making it appealing for income-focused investors due to its low payout ratio, strong balance sheet, and limited senior debt.