I remain upbeat about the shares of Public Storage, a US-based self-storage real estate investment trust (REIT). Given the improving fundamentals of the storage real estate sector and superior performance of its properties, I believe that the company’s stock have potential to move higher. Acquisition and development initiatives are further likely to aid growth. Public Storage’s financials for the fourth quarter of 2015 were solid. Revenues increased 8.5% y-o-y driven by same-store revenues growth of 6.6% on the back of a 6.2% improvement in realized annual rental income per occupied square foot as well as a year-over-year increase of 40 basis points in weighted-average square foot occupancy. Funds from operations (FFO) per share advanced 10% to $2.45 and surpassed analysts’ average projection by 3 cents. In February, Public Storage announced quarterly dividend of $1.70 per share, which offers a healthy annualized dividend yield of 2.5%. In Q4, Public Storage bought 7 self-storage facilities, comprising 0.5 mn net rentable square feet, for $71 mn. Besides, at the year end, the company had various facilities in development (3 mn net rentable square feet), with estimated cost of $396 mn, as well as expansion projects (0.7 mn net rentable square feet) worth an expected $90 mn. Public Storage plans to issue financial report for the first quarter of 2016 on April, 26, and I believe the company will be able to cheer up investors again. I expect that an upward trend in Public Storage’s shares will continue, and the stock will reach the $300 mark in mediumtarget price to USD 300 and find the stock still attractive for medium-term investment.