Public Storage/$PSA
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Capital at risk
About Public Storage
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 259 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.
- Ticker
- $PSA
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 5,770
- Headquarters
- Frisco, United States
- Website
- www.publicstorage.com
Public Storage Metrics
BasicAdvanced
$54B
27.47
$10.48
0.94
$12.00
4.17%
Price and volume
Market cap
$54B
Beta
0.94
52-week high
$335.55
52-week low
$256.54
Average daily volume
812K
Dividend rate
$12.00
Financial strength
Current ratio
0.22
Quick ratio
0.13
Long term debt to equity
0.951
Total debt to equity
1.096
Dividend payout ratio (TTM)
112.70%
Interest coverage (TTM)
6.98%
Profitability
EBITDA (TTM)
3,436.555
Gross margin (TTM)
74.42%
Net profit margin (TTM)
41.63%
Operating margin (TTM)
46.27%
Effective tax rate (TTM)
-0.37%
Revenue per employee (TTM)
$850,000
Management effectiveness
Return on assets (TTM)
6.99%
Return on equity (TTM)
21.93%
Valuation
Price to earnings (TTM)
27.471
Price to revenue (TTM)
10.292
Price to book
10.45
Price to tangible book (TTM)
10.97
Price to free cash flow (TTM)
15.675
Free cash flow yield (TTM)
6.38%
Free cash flow per share (TTM)
18.371
Dividend yield (TTM)
4.17%
Forward dividend yield
4.17%
Growth
Revenue change (TTM)
3.20%
Earnings per share change (TTM)
14.32%
3-year revenue growth (CAGR)
3.56%
10-year revenue growth (CAGR)
6.81%
3-year earnings per share growth (CAGR)
-23.16%
10-year earnings per share growth (CAGR)
5.19%
3-year dividend per share growth (CAGR)
6.27%
10-year dividend per share growth (CAGR)
5.69%
What the Analysts think about Public Storage
Analyst ratings (Buy, Hold, Sell) for Public Storage stock.
Analyst projections of the future price of Public Storage stock.
Bulls say / Bears say
Leading operating indicators are beginning to turn: Q2 move-in rents rose 1.6% year on year, occupancy reached 92.5% and churn improved. Public Storage responded by raising its 2026 Core FFO guidance and expects same-store revenue to become positive in the fourth quarter. (Exa, Public Storage)
The completed NSA merger materially expands PSA's scale to more than 4,500 properties and 327 million rentable square feet. Management expects the combination to improve operating efficiency and add $0.35–$0.50 to Core FFO per share once the planned synergies are realised. (Public Storage, Business Wire)
The planned $1.2 billion purchase of Public Storage Canada offers a new growth market rather than more US exposure alone. PSA says the 68-property portfolio serves major Canadian markets with strong population growth, relatively low supply per capita and scope for improvement through its operating platform. (Public Storage)
The core portfolio is still contracting: Q2 same-store revenue fell 0.6%, same-store NOI fell 2.2%, realised rent per occupied square foot fell 0.8%, and Core FFO fell 2.6% year on year. Higher operating costs also cut the same-store NOI margin. (Yahoo Finance, Public Storage)
The acquisition-led growth plan increases funding and execution risk: Q2 results were held back by higher financing costs, while the company has added new debt facilities and issued senior notes at materially higher coupons than its legacy funding. Public Storage also warns that NSA integration could be more difficult, time-consuming or costly than expected. (Public Storage, Public Storage)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.
Public Storage Financial Performance
Revenues and expenses
Public Storage Earnings Performance
Company profitability
Upcoming events
Public Storage News
AllArticlesVideos
Funds containing Public Storage
AllEURGBPUSD
Fund name | Fund size | $PSA weighting |
|---|---|---|
VanEck Global Real Estate€TRET | €255M | 3.60% |
VanEck Global Real Estate£TREG | £222M | 3.60% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 2.87% |
iShares Developed Markets Property Yield£IWDP | £859M | 2.87% |
iShares Edge MSCI World Quality Factor$IWQU | $6.3B | 0.32% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.