Public Storage PSA SPX
Real Estate · REIT - Industrial · United States
Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2026, we: (i) owned and/or operated 3,546 self-storage facilities located in 40 states with approximately 259 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 333 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage was incorporated in 1972 in Maryland.
READ MORE ›$303.69
+2.64% 1Y
Market & Price
Market Cap
$53.31B
Current Price
$303.69
High / Low (52W)
$312.17 / $255.84
Beta
0.98
Valuation
Stock P/E
31.34
Industry PE
26.58
Forward P/E
30.04
PEG Ratio
4.42
Book Value
$27.91
Price to Book
10.88
P/S
10.94
EV/EBITDA
19.70
Dividend Yield
3.95%
Profitability & Returns
ROCE
10.69%
ROE
20.18%
ROA
7.21%
Profit Margin
39.06%
Op Margin
46.03%
EPS (Latest Qtr)
$2.71
EPS (TTM)
$9.69
Balance Sheet & Liquidity
Debt/Equity
1.08
Quick Ratio
0.09
Current Ratio
0.19
Debt
$10.03B
Total Assets
$20.21B
Current Assets
$460.20M
Working Capital
$-152.69M
Ownership
Promoter Holding
10.17%
Chg in Prom Hold
-
FII / Inst Holding
87.19%
Chg in FII Hold
0.01%
Financial Snapshot
Enterprise Value
$67.65B
Total Revenue (TTM)
$4.87B
EBITDA
$3.43B
Free Cash Flow
$2.34B
Operating Cash Flow
$3.18B
Shares Outstanding
175.55M
Gross Margin
74.77%
Payout Ratio
123.97%
Growth (CAGR)
Revenue 5Y
4.88%
Profit 5Y
-25.69%
Revenue (YoY)
3.20%
Earnings (YoY)
32.80%
PROS
- Strong return on equity of 20.2%.
- Excellent profit margin of 39.1%.
- Attractive dividend yield of 3.95%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -25.7% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | VTR Ventas, Inc. SPX | 84.42 | 153.49 | $41.04B | 2.37% | 3.28% | 2.14% | 12.21% | 209.94% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 588.62M | 618.87M | 609.33M | 611.79M | 634.19M | 663.15M | 651.43M | 645.55M | 664.31M | 686.36M | 672.31M | 669.92M | 685.53M | 706.37M | 692.46M | 689.04M | 710.95M | 729.34M | 717.50M | 719.04M | 712.94M | 734.54M | 767.26M | 829.32M | 894.93M | 973.45M | 1.03B | 1.09B | 1.09B | 1.12B | 1.14B | 1.16B | 1.17B | 1.19B | - | 1.18B | 1.20B | 1.22B | 1.22B | 1.22B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 331.85M | 318.00M | 330.85M | 329.27M | 339.94M |
| Gross Profit | 427.52M | 454.19M | - | 438.50M | 462.18M | 484.52M | - | 462.64M | 481.73M | 495.74M | - | 477.10M | 494.55M | 510.82M | - | 484.84M | 503.21M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 851.34M | 883.09M | 893.19M | 886.52M | 877.80M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 307.90M | 307.93M | 317.77M | 320.84M | 321.07M |
| Operating Income | 300.06M | 324.53M | - | 310.32M | 336.85M | 352.95M | - | 326.69M | 356.56M | 360.11M | - | 327.60M | 343.44M | 358.88M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 543.44M | 575.16M | 575.42M | 565.68M | 556.72M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 766.94M | 719.48M | 887.66M | 872.06M | 901.68M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.01M | 71.61M | 79.69M | 81.19M | 80.02M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 412.22M | 364.65M | 517.60M | 495.33M | 530.94M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.43M | 3.24M | 2.83M | -14.72M | 1.57M |
| Net Income | 326.40M | 339.57M | - | 315.87M | 356.66M | 367.31M | - | 342.44M | 353.70M | 356.67M | - | 343.00M | 403.80M | 378.03M | - | 366.52M | 370.06M | 397.94M | - | 366.16M | 314.92M | 324.87M | 433.04M | 410.43M | 490.09M | 513.94M | 653.85M | 2.77B | 517.71M | 578.03M | 613.30M | 508.95M | 518.13M | 430.33M | - | 407.79M | 358.42M | 511.06M | 507.07M | 526.27M |
| Diluted EPS | 1.52 | 1.58 | 1.74 | 1.39 | 1.61 | 1.78 | 2.03 | 1.62 | 1.59 | 1.61 | 1.92 | 1.65 | 2.00 | 1.85 | 3.04 | 1.73 | 1.76 | 1.93 | 1.87 | 1.79 | 1.41 | 1.41 | 2.21 | 1.97 | 2.52 | 2.63 | 3.42 | 15.38 | 2.65 | 3.00 | 3.20 | 2.60 | 2.66 | 2.16 | - | 2.04 | 1.76 | 2.62 | 2.60 | 2.71 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.79B | 1.72B | 1.62B | 1.61B | 1.74B | 1.84B | 1.96B | 2.18B | 2.38B | 2.56B | 2.67B | 2.76B | 2.86B | 2.92B | - | 4.18B | 4.52B | 4.70B | 4.82B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05B | 1.15B | 1.26B | 1.31B |
| Gross Profit | - | - | - | - | - | - | 1.41B | 1.56B | 1.75B | 1.89B | 1.96B | 2.01B | - | - | - | 3.13B | 3.37B | 3.44B | 3.51B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 959.82M | 1.05B | 1.24B | 1.25B |
| Operating Income | - | - | - | 692.65M | 762.81M | 871.98M | 951.10M | 1.06B | 1.23B | 1.37B | 1.42B | - | - | - | - | 2.17B | 2.32B | 2.20B | 2.26B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.41B | 3.34B | 3.51B | 3.25B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 136.32M | 201.13M | 287.40M | 304.50M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.38B | 2.17B | 2.09B | 1.79B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.33M | 10.82M | 4.67M | -7.23M |
| Net Income | 457.54M | 935.18M | 834.62M | 672.04M | 823.84M | 939.26M | 1.05B | 1.14B | 1.31B | 1.45B | 1.44B | 1.71B | 1.52B | 1.36B | - | 4.35B | 2.15B | 2.07B | 1.78B |
| Diluted EPS | -0.01 | 4.18 | 3.47 | 2.35 | 3.29 | 3.90 | 4.89 | 5.25 | 6.07 | 6.81 | 6.73 | 8.54 | 7.29 | 6.29 | - | 23.50 | 11.06 | 10.64 | 9.01 |
Compounded Sales Growth
| 5 Years: | 4.88% |
| 1 Year: | 3.20% |
Compounded Profit Growth
| 5 Years: | -25.69% |
| 1 Year: | 32.80% |
Stock Price Performance
| 1 Year: | +2.64% |
| 6 Months: | +13.89% |
| 3 Months: | -0.09% |
| 1 Month: | +3.26% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2006 | Dec 2007 | Sep 2008 | Dec 2008 | Sep 2009 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | 9.94B | - | 9.81B | 9.50B | 8.93B | 8.79B | 9.88B | 9.82B | 9.78B | 10.13B | 10.73B | 10.93B | 11.37B | 11.82B | - | 17.55B | 19.81B | 19.75B | 20.21B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 775.25M | 370.00M | 457.39M | 460.20M |
| Cash & Equivalents | 535.68M | 245.44M | 680.70M | 680.70M | 763.79M | 763.79M | 456.25M | 139.01M | 17.24M | 19.17M | 187.70M | 104.28M | 183.69M | 433.38M | 361.22M | 409.74M | 257.56M | - | 775.25M | 370.00M | 447.42M | 318.10M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.98M | 142.11M |
| Total Liabilities | - | - | - | 856.16M | - | 731.14M | 774.19M | 609.28M | 670.54M | 1.06B | 311.50M | 580.59M | 688.68M | 1.77B | 1.78B | 2.29B | 3.24B | - | 7.39B | 9.70B | 9.94B | 10.87B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 514.68M | 598.99M | 588.25M | 612.89M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | 390.75M | 1.43B | 1.41B | 1.90B | 2.54B | - | 6.87B | 9.10B | 9.35B | 10.25B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.87B | 9.10B | 9.35B | 10.25B |
| Total Equity | - | - | - | 8.71B | - | 8.93B | 8.68B | 8.29B | 8.09B | 8.79B | 9.48B | 9.17B | 9.41B | 8.94B | 9.12B | 9.06B | 8.56B | - | 10.07B | 10.01B | 9.71B | 9.25B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 175.27M | 175.67M | 175.41M | 175.50M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.05B | 1.08B | 1.11B | 1.09B | 1.20B | 1.29B | 1.43B | 1.75B | 1.95B | 1.97B | 2.06B | 2.07B | 2.04B | - | 3.12B | 3.25B | 3.13B | 3.19B |
| Investing Cash Flow | -261.88M | 340.02M | -91.41M | -266.61M | -81.36M | -290.46M | -1.41B | -456.13M | -699.11M | -737.06M | -515.92M | -897.35M | -1.12B | - | 1.12B | -3.54B | -1.00B | -1.69B |
| Financing Cash Flow | -1.08B | -984.08M | -938.40M | -1.13B | -1.44B | -1.12B | -16.16M | -1.39B | -1.15B | -992.22M | -1.62B | -1.12B | -1.08B | - | -4.19B | -112.93M | -2.08B | -1.63B |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -459.77M | -461.14M | -420.02M | -289.38M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.66B | 2.79B | 2.71B | 2.90B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.87M | -404.78M | 47.04M | -129.32M |
| Share Buybacks | 0 | 111.90M | 0 | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 200.00M | 0 |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | 71.5% | 71.8% | 73.3% | 73.9% | 73.5% | 73.0% | - | - | - | 74.8% | 74.6% | 73.2% | 72.8% |
| Operating Margin % | - | - | - | 42.9% | 43.9% | 47.3% | 48.4% | 48.5% | 51.7% | 53.7% | 53.3% | - | - | - | - | 51.9% | 51.3% | 46.9% | 46.9% |
| Net Margin % | 25.6% | 54.4% | 51.4% | 41.6% | 47.5% | 51.0% | 53.6% | 52.6% | 55.1% | 56.8% | 54.0% | 62.0% | 53.3% | 46.6% | - | 104.0% | 47.6% | 44.1% | 37.0% |
| ROE % | - | 10.7% | 9.3% | 7.7% | 9.9% | 11.6% | 12.0% | 12.1% | 14.3% | 15.4% | 16.1% | 18.8% | 16.8% | 15.9% | - | 43.2% | 21.5% | 21.3% | 19.3% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.7% | 12.1% | 11.5% | 11.5% |
Shareholding Pattern
Insiders
10.17%
Institutions
87.19%
Public Float
97.06%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 9.54% | 16.74M | $5.09B |
| 2 | Vanguard Portfolio Management LLC | 7.71% | 13.54M | $4.11B |
| 3 | Vanguard Capital Management LLC | 5.85% | 10.27M | $3.12B |
| 4 | State Street Corporation | 5.83% | 10.23M | $3.11B |
| 5 | Capital International Investors | 3.63% | 6.36M | $1.93B |
| 6 | Price (T.Rowe) Associates Inc | 3.21% | 5.64M | $1.71B |
| 7 | Cohen & Steers Inc. | 2.51% | 4.41M | $1.34B |
| 8 | Geode Capital Management, LLC | 2.41% | 4.22M | $1.28B |
| 9 | JPMORGAN CHASE & CO | 2.18% | 3.83M | $1.16B |
| 10 | FMR, LLC | 2.06% | 3.62M | $1.10B |
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