Sign in

You're signed outSign in or to get full access.

Victor Fedyuk

Vice President and Equity Research Analyst at Scotiabank

Victor Fedyuk is a Vice President and Equity Research Analyst at Scotiabank, specializing in the technology sector with a focus on software, IT services, and cybersecurity. He covers key companies including Salesforce (CRM), ServiceNow (NOW), Workday (WDAY), and Palo Alto Networks (PANW), boasting a strong performance track record with a 68% success rate and average return of 14.2% per rating according to TipRanks, where he ranks in the top 10% of analysts. Fedyuk joined Scotiabank in 2021 after previous roles at BMO Capital Markets from 2018 to 2021 and earlier positions at RBC Capital Markets starting in 2015; he holds Series 7, 63, and 86/87 FINRA licenses along with a CFA designation.

Victor Fedyuk's questions to Public Storage (PSA) leadership

Question · Q4 2025

Victor Fedyuk followed up on Public Storage's external growth opportunities, asking about recent shifts in seller expectations, how this impacts bid-ask spreads, and the conversion ratio of considered acquisitions to actual transactions. He also inquired about preferred geographies for growth, particularly Texas.

Answer

Tom Boyle, CFO and CIO, noted that while buyer and seller expectations have been evolving, a relatively tight 10-year Treasury band has allowed for more rational transactions, leading to some success in 2025 and optimism for 2026-2027 as cap rate ranges narrow. Joe Russell, President and CEO, added that generational transitions and institutionalization of ownership continue to create opportunities. Boyle emphasized a data-driven approach to identifying submarket-level opportunities across the country, rather than focusing on specific states like Texas, leveraging the company's operating platform and long-term datasets.

Ask follow-up questions

Fintool

Fintool can predict Public Storage logo PSA's earnings beat/miss a week before the call