What Public Storage (PSA)'s Raised Outlook and Board Expansion Mean for Shareholders

• On July 30, 2025, Public Storage reported higher-than-expected second-quarter results, updated its full-year earnings guidance, and expanded its Board of Trustees by appointing Luke Petherbridge, CEO of Link Logistics, to fill a newly created seat.
• The company also underscored its commitment to growth with over US$1.1 billion in annual investments and ongoing international acquisition efforts, including a major proposed deal in Australia.
• We’ll explore how Public Storage’s raised guidance and leadership expansion factor into its investment narrative and growth outlook.

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Public Storage Investment Narrative Recap

To be a shareholder in Public Storage, you need to believe in the resilience and long-term potential of the self-storage industry, with a particular focus on the company's ability to grow through expansion and acquisitions. The recent outperformance in second-quarter results and the raised full-year guidance reinforce the company’s growth outlook, but these positive updates do not materially change the immediate risk of softening move-in rents and persistent competitive pressure that could constrain short-term revenue growth.

Among recent developments, the appointment of Luke Petherbridge to the Board stands out. His experience in real estate logistics could support Public Storage’s ongoing international expansion efforts and acquisition pipeline, aligning with the current catalyst of accelerating portfolio growth even as acquisition transaction volumes remain subdued.

By contrast, one factor investors should not overlook is how downward pressure on move-in rents could challenge...

Read the full narrative on Public Storage (it's free!)

Public Storage's narrative projects $5.3 billion revenue and $2.0 billion earnings by 2028. This requires 4.0% yearly revenue growth and a $0.2 billion earnings increase from $1.8 billion.

Uncover how Public Storage's forecasts yield a $332.42 fair value, a 19% upside to its current price.

Exploring Other Perspectives

Five estimates from the Simply Wall St Community put Public Storage’s fair value between US$260 and US$513.42 per share. Ongoing competition and softening move-in rents remain top of mind for many market participants, shaping wide-ranging views on future performance.

Explore 5 other fair value estimates on Public Storage - why the stock might be worth as much as 84% more than the current price!

Build Your Own Public Storage Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Public Storage research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Public Storage research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Public Storage's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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