Public Storage (PSA)

US — Real Estate Sector
Peers: EXR  PLD  CUBE  STAG  AVB  EQR  BXP 

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Key Metrics & Ratings

  • symbol PSA
  • Rev/Share 26.916
  • Book/Share 55.1272
  • PB 5.3649
  • Debt/Equity 0.9852
  • CurrentRatio 0.5517
  • ROIC 0.1159

 

  • MktCap 51325847670.0
  • FreeCF/Share 15.9286
  • PFCF 18.3688
  • PE 26.0407
  • Debt/Assets 0.4805
  • DivYield 0.041
  • ROE 0.2043

 

  • 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
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
Upgrade PSA Truist Hold Buy -- -- April 10, 2025
Upgrade PSA Scotiabank Sector Perform Sector Outperform -- $305 April 9, 2025
Upgrade PSA Deutsche Bank Sell Hold $298 $299 Jan. 10, 2025
Initiation PSA RBC Capital Mkts -- Sector Perform -- $358 Sept. 10, 2024

News

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.

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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.

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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.

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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.

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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.

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image for news Buy These 2 REITs Before Wall Street Wakes Up
Public Storage (PSA) Up 2% Since Last Earnings Report: Can It Continue?
PSA
Published: May 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Public Storage (PSA) reported earnings 30 days ago. What's next for the stock?

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image for news Public Storage (PSA) Up 2% Since Last Earnings Report: Can It Continue?
Is it Wise to Retain Public Storage Stock in Your Portfolio Now?
PSA
Published: May 27, 2025 by: Zacks Investment Research
Sentiment: Positive

PSA rides tech and expansion tailwinds, but soft demand and elevated interest expenses weigh on near-term same-store growth.

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image for news Is it Wise to Retain Public Storage Stock in Your Portfolio Now?
Public Storage: Preferred Shares Offer 6%+ Returns
PSA
Published: May 14, 2025 by: Seeking Alpha
Sentiment: Positive

Public Storage's preferred equity offers a well-covered 6.1% yield, making it attractive for income-focused investors given the low payout ratio versus FFO. The REIT's preferred dividends are well-covered, needing only 6.3% of Core FFO, with a substantial common equity cushion of over $5 billion. Series F preferred shares, trading at $20.99, offer a 6.13% yield with potential for capital gains if interest rates decrease.

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image for news Public Storage: Preferred Shares Offer 6%+ Returns
Public Storage (PSA) Q1 2025 Earnings Call Transcript
PSA
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Neutral

Public Storage (NYSE:PSA ) Q1 2025 Results Conference Call May 1, 2025 12:00 PM ET Company Participants Ryan Burke - Vice President, Investor Relations and Strategic Partnerships Joe Russell - President and Chief Executive Officer Tom Boyle - Chief Financial Officer Conference Call Participants Daniel Tricarico - Scotiabank Ron Kamdem - Morgan Stanley Todd Thomas - KeyBanc Capital Markets Salil Mehta - Green Street Michael Goldsmith - UBS Michael Griffin - Evercore Juan Sanabria - BMO Capital Markets Eric Wolfe - Citi Caitlin Burrows - Goldman Sachs Ravi Vaidya - Mizuho Ki Bin Kim - Truist Securities Jeff Spector - …

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image for news Public Storage (PSA) Q1 2025 Earnings Call Transcript
Public Storage Q1 FFO Beats Estimates, Occupancy Falls
PSA
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Neutral

Public Storage's Q1 results reflect higher realized annual rent per occupied square foot, offset by a decline in occupancy.

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image for news Public Storage Q1 FFO Beats Estimates, Occupancy Falls
PSA Set to Announce Q1 Results: What Could Be in Store for the Stock?
PSA
Published: April 24, 2025 by: Zacks Investment Research
Sentiment: Positive

PSA's Q1 results are likely to reflect gains from high brand value, solid presence in key cities and expansion efforts, though choppiness in demand is a key concern.

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image for news PSA Set to Announce Q1 Results: What Could Be in Store for the Stock?
2 Dividend Stocks Every Investor Should Own to Thrive In This Market
EPD, PSA
Published: April 08, 2025 by: 24/7 Wall Street
Sentiment: Positive

In the stock market's current volatile landscape, dividend investing shines as a superior investment strategy because of the stability and value it offers.

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image for news 2 Dividend Stocks Every Investor Should Own to Thrive In This Market
PSA Eyes Australian Market, Offers to Acquire Abacus Storage King
PSA
Published: April 07, 2025 by: Zacks Investment Research
Sentiment: Positive

PSA's plan for international expansion appears strategically aligned, as Australia and New Zealand offer an established, fast-growing self-storage market.

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image for news PSA Eyes Australian Market, Offers to Acquire Abacus Storage King
Why Is Public Storage (PSA) Down 6.3% Since Last Earnings Report?
PSA
Published: March 26, 2025 by: Zacks Investment Research
Sentiment: Negative

Public Storage (PSA) reported earnings 30 days ago. What's next for the stock?

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image for news Why Is Public Storage (PSA) Down 6.3% Since Last Earnings Report?
Public Storage Q4 FFO Misses Estimates, Same-Store Revenues Fall Y/Y
PSA
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Negative

PSA's Q4 results reflect lower same-store revenues on the back of lower occupancy, partially offset by higher realized annual rent per occupied square foot.

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image for news Public Storage Q4 FFO Misses Estimates, Same-Store Revenues Fall Y/Y
Public Storage (PSA) Reports Q4 Earnings: What Key Metrics Have to Say
PSA
Published: February 24, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Public Storage (PSA) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Public Storage (PSA) Reports Q4 Earnings: What Key Metrics Have to Say
Key Factors to Consider Ahead of Public Storage's Q4 Earnings
PSA
Published: February 19, 2025 by: Zacks Investment Research
Sentiment: Positive

PSA's Q4 results are likely to reflect gains from high brand value and solid presence in key cities, though low demand and high interest expenses remain concerns.

Read More
image for news Key Factors to Consider Ahead of Public Storage's Q4 Earnings

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.