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Recent Articles
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Public Storage Raises Outlook for Second Consecutive Quarter
Nov 17, 2025
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Image Source: TradingView.
Looking to 2025, Public Storage's revenue growth is anticipated in the range of -0.3%-0.3%, narrowed from the prior range of -1.3%-0.8%. Expense growth is targeted in the range of 1.8%-2.8%, down from the prior range of 2.3%-3.0%. Net operating income is now expected to decline 1.2%-0.2% versus a range of down 2.6% and up 0.3% previously. Non-same store net operating income is expected in the range of $475-$485 million, up from the range of $465-$475 million. Core FFO per share is now targeted in the range of $16.70-$17.00, up 0.2%-2.0% and the lower end of the guidance range raised from $16.45-$17.00. Public Storage is one of our favorite REITs, with the company yielding 4.4% at the time of this writing.
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Republic Services’ Pricing Strength Drives Results
Nov 17, 2025
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Image Source: TradingView.
Republic Services continues to price ahead of cost inflation. In the quarter, core price on total revenue increased 5.9%, while revenue growth from average yield on total revenue was 4.0% as volume decreased total revenue by 0.3%. Year-to-date cash flow from operating activities was $3.32 billion, while adjusted free cash flow came in at $2.19 billion. Year-to-date cash returned to shareholders was $1.13 billion, which included $584 of share buybacks and $544 million of dividends paid. Republic ended the quarter with $13.3 billion in total debt and $84 million in cash and cash equivalents. We like Republic Services’ pricing power, and the garbage hauler remains a core holding in the newsletter portfolios.
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Albemarle Is Getting Back on Track
Nov 13, 2025
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Image Source: TradingView.
Albemarle’s third quarter cash from operations of $356 million increased 57% relative to last year’s mark, while on a year-to-date basis, the metric was up 29%, to $894 million, due in part to cost and productivity improvements, cash management actions, and a customer prepayment received in January. Full-year 2025 capital expenditures are targeted at about $600 million, and the firm reiterated it view that it expects to achieve positive free cash flow of $300-$400 million for the full year 2025. Management expects full-year results to be towards the higher end of the previously published $9/kg scenario ranges, or net sales of $5.2 billion and adjusted EBITDA of $1 billion. We think Albemarle is getting back on track, and the company remains an idea in the ESG Newsletter portfolio.
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Cisco Puts Up Solid First Quarter Fiscal 2026 Results
Nov 13, 2025
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Image Source: Cisco.
In the first quarter of fiscal 2026, Cisco’s product orders increased 13%, with double-digit growth in Networking product orders. AI Infrastructure orders taken from hyperscaler customers totaled $1.3 billion, revealing accelerated growth. Looking to the second quarter of fiscal 2026, revenue is targeted in the range of $15-$15.2 billion on non-GAAP earnings per share of $1.01-$1.03. For all of fiscal 2026, revenue is expected in the range of $60.2-$61 billion, with non-GAAP earnings per share of $4.08-$4.14. Cisco ended the quarter with $15.7 billion of cash and cash equivalents and $28.1 billion in short- and long-term debt. Shares yield 2.2% at the time of this writing.
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