Public Storage (PSA)

US — Real Estate Sector
Peers: EXR  O  SPG  CBRE  DLR  CCI  REXR 

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Key Metrics & Ratings

  • symbol PSA
  • Rev/Share 27.4928
  • Book/Share 53.2395
  • PB 5.7918
  • Debt/Equity 1.1088
  • CurrentRatio 0.7509
  • ROIC 0.1296

 

  • MktCap 53574961560.0
  • FreeCF/Share 17.5893
  • PFCF 17.3586
  • PE 30.0185
  • Debt/Assets 0.5074
  • DivYield 0.0393
  • ROE 0.1903

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 4
  • P/B Score 1
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade PSA Wells Fargo Overweight Equal Weight -- $295 Feb. 5, 2026
Downgrade PSA BofA Securities Buy Neutral -- $310 Feb. 5, 2026
Downgrade PSA Wolfe Research Outperform Peer Perform -- -- Jan. 26, 2026
Downgrade PSA Deutsche Bank Buy Hold -- $285 Jan. 20, 2026
Downgrade PSA JP Morgan Overweight Neutral -- $301 Dec. 18, 2025
Resumed PSA Morgan Stanley -- Equal Weight -- $290 Dec. 5, 2025
Upgrade PSA Deutsche Bank Hold Buy -- $325 Oct. 13, 2025
Initiation PSA BNP Paribas Exane -- Outperform -- $331 June 24, 2025
Downgrade PSA BMO Capital Markets Outperform Market Perform -- $325 June 20, 2025
Upgrade PSA BofA Securities Neutral Buy -- $368 April 22, 2025

News

Public Storage relocates headquarters from California to Texas
PSA
Published: February 24, 2026 by: Fox Business
Sentiment: Positive

Public Storage will relocate its headquarters to Texas alongside a CEO change and a broader plan aimed at boosting margins, earnings and shareholder returns.

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image for news Public Storage relocates headquarters from California to Texas
Public Storage: Strong REIT With An A2 Credit Profile, But The Opportunity Is In The Preferreds
PSA
Published: February 20, 2026 by: Seeking Alpha
Sentiment: Positive

Public Storage: Strong REIT With An A2 Credit Profile, But The Opportunity Is In The Preferreds

Read More
image for news Public Storage: Strong REIT With An A2 Credit Profile, But The Opportunity Is In The Preferreds
REITs Set for a 2026 Rebound? 7 Top Picks as Rate Cuts Approach
COLD, DOC, EGP, ELS, EQIX, O, PSA
Published: February 19, 2026 by: MarketBeat
Sentiment: Neutral

Real Estate Investment Trusts—or REITs—were left for dead in 2025. After two straight years of underperformance, the group became one of the market's most widely avoided corners—largely because rising interest rates are kryptonite for a sector built on leverage and access to capital.

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image for news REITs Set for a 2026 Rebound? 7 Top Picks as Rate Cuts Approach
OUT or PSA: Which Is the Better Value Stock Right Now?
OUT, PSA
Published: February 17, 2026 by: Zacks Investment Research
Sentiment: Neutral

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Outfront Media (OUT) or Public Storage (PSA). But which of these two stocks offers value investors a better bang for their buck right now?

Read More
image for news OUT or PSA: Which Is the Better Value Stock Right Now?
Public Storage Beats Q4 FFO & Revenue Estimates, Unveils Initiatives
PSA
Published: February 13, 2026 by: Zacks Investment Research
Sentiment: Positive

PSA tops Q4 FFO and revenue estimates, launches its PS4.0 strategy and issues a 2026 outlook amid mixed same-store trends and expansion plans.

Read More
image for news Public Storage Beats Q4 FFO & Revenue Estimates, Unveils Initiatives
Should PSA Stock Be in Your Portfolio Pre-Q4 Earnings?
PSA
Published: February 10, 2026 by: Zacks Investment Research
Sentiment: Neutral

Public Storage heads into its Q4 earnings report with revenues expected to rise to $1.21B, while core FFO per share is seen flat year over year.

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image for news Should PSA Stock Be in Your Portfolio Pre-Q4 Earnings?
Public Storage (PSA) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
PSA
Published: February 09, 2026 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for Public Storage (PSA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2025.

Read More
image for news Public Storage (PSA) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Public Storage's Slow Phase Is A Long-Term Opportunity
PSA
Published: January 29, 2026 by: Seeking Alpha
Sentiment: Positive

Public Storage is rated a Buy, with current valuations near decade lows despite strong margins and a robust balance sheet. PSA's growth is driven by capital deployment and acquisitions, with gradual earnings impact due to initially lower margins in new properties. Same-store NOI margins remain high at 78.5%, but organic growth is muted and occupancy is drifting slightly lower.

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image for news Public Storage's Slow Phase Is A Long-Term Opportunity
OUT or PSA: Which Is the Better Value Stock Right Now?
OUT, PSA
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Outfront Media (OUT) and Public Storage (PSA). But which of these two stocks presents investors with the better value opportunity right now?

Read More
image for news OUT or PSA: Which Is the Better Value Stock Right Now?
OUT or PSA: Which Is the Better Value Stock Right Now?
OUT, PSA
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Neutral

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Outfront Media (OUT) or Public Storage (PSA). But which of these two stocks offers value investors a better bang for their buck right now?

Read More
image for news OUT or PSA: Which Is the Better Value Stock Right Now?
Key Reasons to Add Public Storage Stock to Your Portfolio Now
PSA
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

PSA's strong brand, recession-resistant model, tech-driven efficiencies and $3.76B in acquisitions position it well for steady long-term growth.

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image for news Key Reasons to Add Public Storage Stock to Your Portfolio Now
Public Storage: Robust Balance Sheet Makes Preferred Shares Worth A Look
PSA
Published: November 11, 2025 by: Seeking Alpha
Sentiment: Positive

Public Storage offers strong risk/reward through its preferred shares, supported by robust cash flows and exceptional dividend coverage. PSA's Series G preferred shares yield 5.85% and trade below par, offering both income and potential capital gains as rates decline. Preferred dividends require only about 6% of PSA's core FFO, and the balance sheet provides ample equity cushion for preferred holders.

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image for news Public Storage: Robust Balance Sheet Makes Preferred Shares Worth A Look
Public Storage (PSA) Q3 2025 Earnings Call Transcript
PSA
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Neutral

Public Storage ( PSA ) Q3 2025 Earnings Call October 30, 2025 12:00 PM EDT Company Participants Ryan Burke - Vice President of Investor Relations Joseph Russell - CEO, President & Trustee H. Boyle - Senior VP, Chief Investment Officer & CFO Conference Call Participants Eric Wolfe - Citigroup Inc., Research Division Michael Griffin - Evercore ISI Institutional Equities, Research Division Samir Khanal - BofA Securities, Research Division Caitlin Burrows - Goldman Sachs Group, Inc., Research Division Ronald Kamdem - Morgan Stanley, Research Division Eric Luebchow - Wells Fargo Securities, LLC, Research Division Spenser Allaway Todd Thomas - KeyBanc Capital …

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image for news Public Storage (PSA) Q3 2025 Earnings Call Transcript
Public Storage's Q3 FFO & Revenues Beat Estimates, '25 View Raised
PSA
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Positive

PSA posts higher Q3 FFO and revenues, fueled by rent gains and acquisitions, and lifts its 2025 outlook on stabilizing operations.

Read More
image for news Public Storage's Q3 FFO & Revenues Beat Estimates, '25 View Raised
PSA Set to Report Q3 Earnings: What to Expect From the Stock?
PSA
Published: October 27, 2025 by: Zacks Investment Research
Sentiment: Positive

Public Storage's Q3 growth is expected to stem from technology-driven efficiencies and economies of scale, boosting revenues and FFO.

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image for news PSA Set to Report Q3 Earnings: What to Expect From the Stock?
Countdown to Public Storage (PSA) Q3 Earnings: Wall Street Forecasts for Key Metrics
PSA
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for Public Storage (PSA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2025.

Read More
image for news Countdown to Public Storage (PSA) Q3 Earnings: Wall Street Forecasts for Key Metrics
OUT vs. PSA: Which Stock Is the Better Value Option?
OUT, PSA
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Outfront Media (OUT) and Public Storage (PSA). But which of these two companies is the best option for those looking for undervalued stocks?

Read More
image for news OUT vs. PSA: Which Stock Is the Better Value Option?
Top REIT Picks To Profit From The AI Revolution
CUBE, EXR, NSA, PSA, REXR
Published: October 20, 2025 by: Seeking Alpha
Sentiment: Positive

AI is impacting everything, even REITs. Data center REITs are an obvious winner, but there are many others. I discuss two REITs that could win big from the AI revolution.

Read More
image for news Top REIT Picks To Profit From The AI Revolution
OUT vs. PSA: Which Stock Should Value Investors Buy Now?
OUT, PSA
Published: October 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Outfront Media (OUT) and Public Storage (PSA). But which of these two companies is the best option for those looking for undervalued stocks?

Read More
image for news OUT vs. PSA: Which Stock Should Value Investors Buy Now?
3 REITs To Sell Before They Cut The Dividend
ABR, CCI, CUBE, DEA, EXR, GMRE, HR, LAND, LANDM, LANDO, LANDP, NSA, PSA, SACH, VNQ
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Negative

Not all REITs can sustain their current dividend. Dividend cuts often lead to sharp declines in share prices. I highlight three popular REITs that are at high risk of cutting their dividend.

Read More
image for news 3 REITs To Sell Before They Cut The Dividend
The 3 Best Dividend Stocks Set to Dominate 2026
ATO, EVRG, PSA
Published: September 10, 2025 by: 24/7 Wall Street
Sentiment: Positive

The stock market is at an inflection point, and it is hard to judge how 2026 could be.

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image for news The 3 Best Dividend Stocks Set to Dominate 2026
Disinflation Dividend: REIT Earnings Scorecard
AMH, AMT, ARR, BBRE, BFS, BHR, CBL, CCI, CHCT, CIO, COLD, DRN, DRV, ELME, ELS, EPR, EQIX, ESS, EXR, FREL, FRI, GLPI, GPMT, IARAX, ICF, ILPT, INVH, IRM, IYR, JRS, KBWY, LAMR, LINE, LXP, NRO, NTST, OUT, PPTY, PSA, PSR, RC, REG, REIT, REK, RFI, RITM, RNP, RQI, RWR, SCHH, SEVN, SKT, SLG, SRS, SRVR, SUI, URE, USRT, VICI, VNQ, VRAI, WELL, XHR, XLRE
Published: August 10, 2025 by: Seeking Alpha
Sentiment: Positive

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

Read More
image for news Disinflation Dividend: REIT Earnings Scorecard
Public Storage's Q2 FFO Beats Estimates, Occupancy Falls, View Raised
PSA
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Positive

PSA tops Q2 FFO estimates and lifts the full-year outlook with steady operations and ramped-up acquisitions.

Read More
image for news Public Storage's Q2 FFO Beats Estimates, Occupancy Falls, View Raised
Public Storage (PSA) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
PSA
Published: July 25, 2025 by: Zacks Investment Research
Sentiment: Neutral

Evaluate the expected performance of Public Storage (PSA) for the quarter ended June 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Read More
image for news Public Storage (PSA) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
PSA Set to Report Q2 Earnings: What to Expect From the Stock?
PSA
Published: July 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

PSA's Q2 revenues are expected to climb 1.8%, but core FFO per share is likely to have remained flat amid soft industry demand.

Read More
image for news PSA Set to Report Q2 Earnings: What to Expect From the Stock?
Powell Pressured As Inflation Cools
ARE, BBRE, DRN, DRV, FR, FREL, FRI, ICF, IYR, JRS, KBWY, LAND, NRO, NXRT, PLD, PPTY, PSA, PSR, REIT, REK, REXR, RFI, RNP, RQI, RWR
Published: July 20, 2025 by: Seeking Alpha
Sentiment: Positive

U.S. equity markets climbed to fresh record-highs this week after a critical slate of inflation data showed that tariff-driven inflation remains muted, while rumors of a potential Powell termination swirled. Supported by data this week showing that core inflation cooled to its slowest pace in over three years, the White House reignited the heat on the head of the Fed. Rebounding from modest declines last week, the S&P 500 advanced 0.6%, notching record highs in three of the past four weeks following a five-month drought.

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image for news Powell Pressured As Inflation Cools
Dividend Growth Is My Antidote To Uncertainty
ARKK, ARTNA, CGDG, CGDV, CHAT, DGRO, DGRW, EGP, HDV, ICSH, IVT, MLPX, PLD, PR, PSA, REXR, RSP, SCHD, TBG, VIG, VYM
Published: July 19, 2025 by: Seeking Alpha
Sentiment: Positive

In an uncertain market, I stick to five core investing principles: stay the course, specialize, diversify, trust proven experts, and keep some cash. Dividend growth investing (DGI) remains my strategy, with a focus on reliable cash flow compounding and growing dividends to eventually replace labor income. I diversify beyond my real estate core by blending passive DGI ETFs and selecting active ETFs with proven outperformance.

Read More
image for news Dividend Growth Is My Antidote To Uncertainty
PSA, Ki Consortium Revises Bid for Abacus Storage King to A$1.65
PSA
Published: July 14, 2025 by: Zacks Investment Research
Sentiment: Neutral

PSA and Ki lift their bid for Abacus Storage King to A$1.65, advancing joint takeover talks with due diligence underway.

Read More
image for news PSA, Ki Consortium Revises Bid for Abacus Storage King to A$1.65
Ki Corporation and Public Storage Update Offer to Acquire Abacus Storage King
PSA
Published: July 13, 2025 by: Business Wire
Sentiment: Neutral

GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation and Public Storage (NYSE:PSA) (together, the “Consortium”) announced today a revised non-binding indicative offer (NBIO) to acquire Abacus Storage King (ASX:ASK) for cash consideration of A$1.65 per stapled security. The Consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. “We are excited to take the next step towards this potential combination with Abacus Storage King in partnership with Ki Co.

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image for news Ki Corporation and Public Storage Update Offer to Acquire Abacus Storage King
Buy These 2 REITs Before Wall Street Wakes Up
ADC, AMT, CCI, CUBE, PSA, SPY, TMUS, VNQ, WPC
Published: June 23, 2025 by: Seeking Alpha
Sentiment: Positive

The REIT market is often slow to react to big changes. This can result in great opportunities for active investors. I present two undervalued REITs that I am buying ahead of the crowd.

Read More
image for news Buy These 2 REITs Before Wall Street Wakes Up

About Public Storage (PSA)

  • IPO Date 1980-11-18
  • Website https://www.publicstorage.com
  • Industry REIT - Industrial
  • CEO Joseph D. Russell Jr.
  • Employees 5900

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.