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Public StorageNYSE:PSA Stock Report

Market Cap US$50.9b
Share Price
US$293.54
My Fair Value
US$322.47
9.0% undervalued intrinsic discount
1Y-15.0%
7D2.5%
Portfolio Value
View

Public Storage

NYSE:PSA Stock Report

Market Cap: US$50.9b

Public Storage (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

PSA Community Fair Values

Create Narrative

See what 55 others think this stock is worth. Follow their fair value or set your own to get alerts.

Public Storage Competitors

Price History & Performance

Summary of share price highs, lows and changes for Public Storage
Historical stock prices
Current Share PriceUS$293.54
52 Week HighUS$355.87
52 Week LowUS$256.60
Beta0.88
1 Month Change0.61%
3 Month Change-0.94%
1 Year Change-15.01%
3 Year Change3.48%
5 Year Change25.44%
Change since IPO1,907.11%

Recent News & Updates

Recent updates

Double-Checking The Credit Rating (Part 8): Public Storage

Jul 24

Public Storage Is An Appealing Firm, But Not An Appealing Prospect

Jan 05

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

Shareholder Returns

PSAUS Specialized REITsUS Market
7D2.5%0.3%1.2%
1Y-15.0%-10.0%17.9%

Return vs Industry: PSA underperformed the US Specialized REITs industry which returned -11.7% over the past year.

Return vs Market: PSA underperformed the US Market which returned 18.7% over the past year.

Price Volatility

Is PSA's price volatile compared to industry and market?
PSA volatility
PSA Average Weekly Movement3.0%
Specialized REITs Industry Average Movement3.2%
Market Average Movement6.4%
10% most volatile stocks in US Market17.3%
10% least volatile stocks in US Market3.0%

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 (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19725,900Joe 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 June 30, 2025, we: (i) owned and/or operated 3,432 self-storage facilities located in 40 states with approximately 250 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 321 self-storage facilities located in seven Western European nations with approximately 18 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$50.88b
Earnings (TTM)US$1.61b
Revenue (TTM)US$4.76b
31.9x
P/E Ratio
10.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PSA income statement (TTM)
RevenueUS$4.76b
Cost of RevenueUS$1.30b
Gross ProfitUS$3.46b
Other ExpensesUS$1.85b
EarningsUS$1.61b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 29, 2025

Earnings per share (EPS)9.19
Gross Margin72.71%
Net Profit Margin33.89%
Debt/Equity Ratio110.2%

How did PSA perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
83%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 05:18
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Public Storage is covered by 47 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