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Public Storage NYSE:PSA Stock Report

Last Price

US$297.50

Market Cap

US$50.8b

7D

-6.3%

1Y

-0.1%

Updated

20 Dec, 2024

Data

Company Financials +

Public Storage

NYSE:PSA Stock Report

Market Cap: US$50.8b

PSA Stock Overview

A member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. More details

PSA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends5/6

Rewards

Trading at 45.1% below our estimate of its fair value

Earnings are forecast to grow 6.45% per year

Pays a reliable dividend of 4.03%

Risk Analysis

Has a high level of debt


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 18 Analysts

Digital Strategies And Sustainability Efforts Will Improve Operational Efficiencies

Key Takeaways Digital transformation and sustainability initiatives are enhancing efficiencies and decreasing costs, improving net margins and revenue growth outlook. Favorable supply conditions and strategic acquisitions supported by strong capital position are expected to boost revenue and earnings growth.
View narrative
US$348.67
FV
14.7% undervalued intrinsic discount
4.21%
Revenue growth p.a.
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7users have followed this narrative
2 days ago author updated this narrative

Public Storage Competitors

Extra Space Storage

NYSE:EXR

US$31.4b

CubeSmart

NYSE:CUBE

US$9.5b

National Storage Affiliates Trust

NYSE:NSA

US$4.8b

Digital Realty Trust

NYSE:DLR

US$59.8b

Price History & Performance

Summary of share price highs, lows and changes for Public Storage
Historical stock prices
Current Share PriceUS$297.50
52 Week HighUS$369.99
52 Week LowUS$256.31
Beta0.71
1 Month Change-10.62%
3 Month Change-17.75%
1 Year Change-0.14%
3 Year Change-17.92%
5 Year Change40.57%
Change since IPO1,934.19%

Recent News & Updates

Public Storage: A Great Business, With Nowhere To Grow

Nov 28

Public Storage: Wonderful REIT At A Fair Price

Nov 21

Recent updates

Public Storage: A Great Business, With Nowhere To Grow

Nov 28

Public Storage: Wonderful REIT At A Fair Price

Nov 21

Public Storage: Still Great, But Still Not Worth The Purchase

Sep 03

4%-Yielding Public Storage - One Of The Best REITs On The Market

Jul 11

Public Storage: Strong FFO Growth, Low Pay-Out Ratio And A 4.4% Yield

May 29

A Public Service Announcement On Public Storage - It's A 'Buy'

May 05

REIT Public Storage Has Been And May Continue To Be A Terrible Investment

Apr 22

Public Storage: Great Entry Point For Long-Term Investors

Mar 26

4.3%-Yielding Public Storage: A Steady Eddie You May Need In Your Portfolio

Mar 18

Public Storage: The Self-Storage Glut Is Coming In 2024

Feb 19

Public Storage: Store Away And Lock Up Your Shares For The Long Term

Feb 12

Public Storage: Remains Attractive With A 4% Dividend Yield

Jan 05

Public Storage: 4.5% Yield, A-Rated Debt, And Strong Annual Total Return Potential

Dec 05

Shareholder Returns

PSAUS Specialized REITsUS Market
7D-6.3%-5.8%-2.4%
1Y-0.1%-2.0%23.3%

Return vs Industry: PSA exceeded the US Specialized REITs industry which returned -2% over the past year.

Return vs Market: PSA underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is PSA's price volatile compared to industry and market?
PSA volatility
PSA Average Weekly Movement3.5%
Specialized REITs Industry Average Movement3.3%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: PSA has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PSA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19726,200Joe Russellwww.publicstorage.com

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2024, we: (i) owned and/or operated 3,333 self-storage facilities located in 40 states with approximately 241 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 315 self-storage facilities located in seven Western European nations with approximately 17 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.

Public Storage Fundamentals Summary

How do Public Storage's earnings and revenue compare to its market cap?
PSA fundamental statistics
Market capUS$50.81b
Earnings (TTM)US$1.70b
Revenue (TTM)US$4.70b

30.7x

P/E Ratio

11.1x

P/S Ratio

Is PSA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PSA income statement (TTM)
RevenueUS$4.70b
Cost of RevenueUS$1.25b
Gross ProfitUS$3.45b
Other ExpensesUS$1.75b
EarningsUS$1.70b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)9.70
Gross Margin73.43%
Net Profit Margin36.14%
Debt/Equity Ratio97.6%

How did PSA perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

81%

Payout Ratio

Does PSA pay a reliable dividends?

See PSA dividend history and benchmarks
When do you need to buy PSA by to receive an upcoming dividend?
Public Storage dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateDec 30 2024
Days until Ex dividend8 days
Days until Dividend pay date9 days

Does PSA pay a reliable dividends?

See PSA dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 23:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Public Storage is covered by 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Richard MilliganBaird
Ross SmotrichBarclays