Public Storage (PSA)
NYSE:PSA
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PSA Stock Chart & Stats
$309.22
-$4.15(-1.39%)
At close: 4:00 PM EST
$309.22
-$4.15(-1.39%)
Day’s Range― - ―
52-Week Range$256.54 - $313.51
Previous CloseN/A
Volume121.50K
Average Volume (3M)936.33K
Market Cap
$52.51B
Enterprise Value$62.88B
Total Cash (Recent Filing)$134.61M
Total Debt (Recent Filing)$9.71B
Price to Earnings (P/E)27.6
Beta0.49
Next Earnings
Aug 04, 2026EPS Estimate
2.52Next Dividend Ex-DateN/A
Dividend Yield4.63%
Share Statistics
EPS (TTM)9.71
Shares Outstanding175,545,750
10 Day Avg. Volume857,483
30 Day Avg. Volume936,329
Financial Highlights & Ratios
PEG Ratio-1.66
Price to Book (P/B)4.92
Price to Sales (P/S)9.44
P/FCF Ratio15.72
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue12.94
Enterprise Value/Gross Profit21.35
Enterprise Value/Ebitda19.51
Forecast
1Y Price Target
$314.90Price Target Upside1.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)9.97
Revenue Forecast (FY)$5.04B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationPublic Storage generates durable, high-quality operating and free cash flow near reported earnings levels. This recurring cash allows continued dividend support, funding of development and acquisitions, and repayment of revolver borrowings, underpinning long-term financial flexibility despite cyclical demand.
High Operating ProfitabilitySustained high margins reflect operating leverage, ancillary revenue growth and disciplined expense control (PSNext benefits). These margin levels provide durable cash conversion and buffer against market softness, supporting reinvestment, development pipeline yields and shareholder returns over multiple cycles.
Scale, M&A And Platform StrategyThe NSA deal plus PS4.0 platform investments create structural scale and a data-driven margin engine. Expected synergies and leadership alignment (new CEO, incentive reset) should lift long-term per-share cash flow and competitive position if integration and PSNext execution deliver as planned.
Bears Say
Higher LeverageLeverage has increased materially versus earlier years, elevating refinancing and interest-rate exposure. Higher debt ratios constrain capital allocation optionality for acquisitions, buybacks or downside liquidity needs, making the balance sheet less flexible through economic or industry slowdowns.
Volatile Free Cash Flow And Margin NormalizationWhile cash generation remains large, recent FCF volatility and margin reversion from prior peak levels reduce predictability of distributable cash. That variability can hamper steady dividend funding, debt reduction pace and confidence in near-term capital deployment assumptions.
Integration And Regional Execution RiskThe NSA transaction's JV structure and multi-year synergy ramp increase execution risk; concurrent localized supply in Sunbelt markets and an LA state-of-emergency create persistent regional headwinds. These factors can delay accretion and strain same-store revenue recovery.
Public Storage News
PSA FAQ
What was Public Storage’s price range in the past 12 months?
Public Storage lowest stock price was $256.54 and its highest was $313.51 in the past 12 months.
What is Public Storage’s market cap?
Public Storage’s market cap is $52.51B.
When is Public Storage’s upcoming earnings report date?
Public Storage’s upcoming earnings report date is Aug 04, 2026 which is in 61 days.
How were Public Storage’s earnings last quarter?
Public Storage released its earnings results on Apr 27, 2026. The company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.365 by $0.345.
Is Public Storage overvalued?
According to Wall Street analysts Public Storage’s price is currently Undervalued.
Does Public Storage pay dividends?
Public Storage pays a Quarterly dividend of $3 which represents an annual dividend yield of 4.63%. See more information on Public Storage dividends here
What is Public Storage’s EPS estimate?
Public Storage’s EPS estimate is 2.52.
How many shares outstanding does Public Storage have?
Public Storage has 175,545,750 shares outstanding.
What happened to Public Storage’s price movement after its last earnings report?
Public Storage reported an EPS of $2.71 in its last earnings report, beating expectations of $2.365. Following the earnings report the stock price went down -2.73%.
Which hedge fund is a major shareholder of Public Storage?
Currently, no hedge funds are holding shares in PSA
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Public Storage Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$314.90 (1.84% Upside)
$314.90 (1.84% Upside)
Blogger Sentiment
Bullish
PSA Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 179.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 2.5%
Last 30 Days ▼ 2.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
0.65%
12-Months-Change
Fundamentals
Return on Equity
20.48%
Trailing 12-Months
Asset Growth
1.20%
Trailing 12-Months
Company Description
Public Storage
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.
PSA Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a constructive strategic narrative and several tangible financial and operational positives: modest FFO growth (+2.4%), same-store NOI improvement (+0.4%), strong non-same store NOI (+27%) and ancillary (+12%), tight expense control (-1.1%), a strong balance sheet and liquidity position, and a transformative acquisition (NSA) with meaningful projected synergies. Management also stressed platform investments (PSNext, PS 4.0, Welltower partnership) expected to drive long-term per-share value. Offsetting these positives are near-term operational headwinds—lower move-ins, regional supply pressure in Sunbelt markets, the LA state-of-emergency drag (assumed -80 bps), and the fact that guidance was not raised because revenue is expected to soften midyear and NSA integration introduces timing risk. Overall, positives (financial outperformance, strategic M&A, balance sheet strength, and platform initiatives) outweigh the near-term lowlights, but management’s cautious stance on guidance reflects prudence around busy-season and integration timing.View all PSA earnings summariesPSA Revenue Breakdown
93.06% Self-Storage Operations
6.94% Ancillary Operations
PSA Stock 12 Month Forecast
Average Price Target
$314.90
▲(1.84% Upside)
Technical Analysis
Cubesmart
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Extra Space Storage
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National Storage Affiliates
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Innovative Industrial Properties
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Global Self Storage
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Ownership Overview
10.17% Insiders
28.14% Mutual Funds
18.85% Other Institutional Investors
19.53% Public Companies and
Individual Investors