PSA
Public Storage
Price Chart
Latest Quote
$318.04
| Previous Close | $324.50 |
| Open | $323.58 |
| Day High | $328.92 |
| Day Low | $317.44 |
| Volume | 831,180 |
Stock Information
| Quarterly Dividend / Yield | $12.00 / 3.77% |
| Shares Outstanding | 175.58M |
| Quarterly Dividend Yield | 3.77% |
| Quarterly Dividend | $12.00 |
| Total Debt | $10.03B |
| Cash Equivalents | $134.61M |
| Revenue | $4.87B |
| Net Income | $1.70B |
| Sector | Real Estate |
| Industry | REIT - Industrial |
| Market Cap | $55.84B |
| P/E Ratio | 33.55 |
| EPS (TTM) | $9.48 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $70.17B |
| Sales | $4.87B |
| Income | $1.70B |
| Book/sh | $27.77 |
| Cash/sh | $0.77 |
| Employees | 6K |
Financial Ratios
| Quick Ratio | 0.09 |
| Current Ratio | 0.19 |
| Debt/Eq | 107.65 |
| EPS Growth TTM | 29.10% |
Returns & Margins
| ROA | 7.21% |
| ROE | 20.18% |
| Gross Margin | 74.77% |
| Operating Margin | 46.25% |
| Profit Margin | 39.06% |
Ownership
| Insider Ownership | 10.17% |
| Institutional Ownership | 87.21% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 30.29 |
| PEG | 4.63 |
| P/S | 11.46 |
| P/B | 11.45 |
Analyst Data
| Recommendation | buy |
| Target Price | $332.88 |
Technical Indicators
| SMA20 | $321.48 |
| SMA50 | $312.22 |
| SMA200 | $287.83 |
| RSI | 44.97 |
| ATR | 7.2686 |
| Shares Float | 157.44M |
| Short Float | 5.08% |
| Short Ratio | 6.64 |
| Volatility | 0.95 |
| Rel Volume | 1.07 |
Performance History
| Week | -0.79% |
| Month | -0.67% |
| Quarter | +6.38% |
| 6 Months | +12.68% |
| YTD | +25.47% |
| Year | +16.00% |
| 3 Years | +21.22% |
| 5 Years | +27.02% |
| 10 Years | +89.02% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $318.04 | 1,072,200 |
| 2026-07-16 | $324.50 | 1,332,000 |
| 2026-07-15 | $314.68 | 981,700 |
| 2026-07-14 | $318.93 | 1,327,900 |
| 2026-07-13 | $321.86 | 999,400 |
| 2026-07-10 | $320.56 | 624,500 |
| 2026-07-09 | $319.35 | 807,800 |
| 2026-07-08 | $320.77 | 815,700 |
| 2026-07-07 | $328.69 | 705,100 |
| 2026-07-06 | $324.00 | 845,800 |
| 2026-07-02 | $329.64 | 963,400 |
| 2026-07-01 | $323.04 | 613,000 |
| 2026-06-30 | $318.31 | 982,500 |
| 2026-06-29 | $324.45 | 954,400 |
| 2026-06-26 | $324.39 | 1,228,200 |
| 2026-06-25 | $320.74 | 778,900 |
| 2026-06-24 | $317.92 | 1,838,400 |
| 2026-06-23 | $321.29 | 1,031,300 |
| 2026-06-22 | $320.22 | 932,000 |
| 2026-06-18 | $318.12 | 1,253,400 |
About Public Storage
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 and is based in Frisco, Texas.
đ° Latest News
Barclays upgrades CubeSmart, cuts Public Storage on relative valuation
Investing.com âĸ 2026-07-10T13:47:55ZShopify upgraded, PepsiCo downgrade: Wall Street's top analyst calls
The Fly âĸ 2026-07-10T13:38:47ZHere Are Fridayâs Best Wall Street Analyst Research Calls: CubeSmart, Digital Realty Trust, Honeywell Aerospace, IBM, PepsiCo, Seagate, Shopify, Toll Brothers, Twilio, and More
24/7 Wall St. âĸ 2026-07-10T12:05:03ZMorgan Stanley Keeps Overweight Rating on T-Mobile (TMUS)
Insider Monkey âĸ 2026-07-09T16:44:19ZIs Public Storage (PSA) Fairly Valued Following Its COO Resignation?
Simply Wall St. âĸ 2026-07-09T10:11:01ZPublic Storage (PSA) Loses COO Chris Sambar As Interim Leadership Takes Over
Simply Wall St. âĸ 2026-07-09T04:34:22ZPublic Storage Earnings Preview: What to Expect
Barchart âĸ 2026-07-08T14:27:52ZGLPI vs. PSA: Which Stock Should Value Investors Buy Now?
Zacks âĸ 2026-07-07T15:40:02ZPublic Storage (PSA) Expands Into Canada With the Acquisition of Public Storage Canada
Insider Monkey âĸ 2026-07-04T02:37:58ZTruist Boosts Price Target on Public Storage (PSA)
Insider Monkey âĸ 2026-07-01T04:22:11ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $1,309,975,000 | $1,258,001,000 | $1,147,946,000 | $1,052,907,000 |
| Cost Of Revenue | $1,309,975,000 | $1,258,001,000 | $1,147,946,000 | $1,052,907,000 |
| Total Revenue | $4,824,113,000 | $4,695,616,000 | $4,517,690,000 | $4,182,163,000 |
| Operating Revenue | $4,824,113,000 | $4,695,616,000 | $4,517,690,000 | $4,182,163,000 |
| Expenses | ||||
| Interest Expense | $304,495,000 | $287,401,000 | $201,132,000 | $136,319,000 |
| Total Expenses | $2,563,622,000 | $2,494,444,000 | $2,198,634,000 | $2,012,725,000 |
| Other Income Expense | $-202,809,000 | $130,526,000 | $-32,573,000 | $2,306,914,000 |
| Other Non Operating Income Expenses | $22,623,000 | $18,075,000 | $17,954,000 | $15,058,000 |
| Net Non Operating Interest Income Expense | $-267,878,000 | $-242,619,000 | $-115,542,000 | $-95,752,000 |
| Interest Expense Non Operating | $304,495,000 | $287,401,000 | $201,132,000 | $136,319,000 |
| Operating Expense | $1,253,647,000 | $1,236,443,000 | $1,050,688,000 | $959,818,000 |
| General And Administrative Expense | $101,807,000 | $106,677,000 | $80,632,000 | $71,672,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $1,784,348,000 | $2,072,011,000 | $2,148,327,000 | $4,349,147,000 |
| Net Interest Income | $-267,878,000 | $-242,619,000 | $-115,542,000 | $-95,752,000 |
| Interest Income | $36,617,000 | $44,782,000 | $85,590,000 | $40,567,000 |
| Normalized Income | $1,970,026,440 | $1,979,566,260 | $2,208,494,650 | $2,156,408,503 |
| Net Income From Continuing And Discontinued Operation | $1,784,348,000 | $2,072,011,000 | $2,148,327,000 | $4,349,147,000 |
| Net Income Common Stockholders | $1,585,585,000 | $1,872,685,000 | $1,948,741,000 | $4,142,288,000 |
| Net Income | $1,784,348,000 | $2,072,011,000 | $2,148,327,000 | $4,349,147,000 |
| Net Income Including Noncontrolling Interests | $1,797,032,000 | $2,084,410,000 | $2,160,120,000 | $4,366,274,000 |
| Net Income Continuous Operations | $1,797,032,000 | $2,084,410,000 | $2,160,120,000 | $4,366,274,000 |
| Pretax Income | $1,789,804,000 | $2,089,079,000 | $2,170,941,000 | $4,380,600,000 |
| Special Income Charges | $-24,425,000 | $-15,506,000 | $-26,451,000 | $2,100,116,000 |
| Earnings From Equity Interest | $9,604,000 | $19,821,000 | $27,897,000 | $106,981,000 |
| Interest Income Non Operating | $36,617,000 | $44,782,000 | $85,590,000 | $40,567,000 |
| Operating Income | $2,260,491,000 | $2,201,172,000 | $2,319,056,000 | $2,169,438,000 |
| Depreciation Amortization Depletion Income Statement | $1,151,840,000 | $1,129,766,000 | $970,056,000 | $888,146,000 |
| Depreciation And Amortization In Income Statement | $1,151,840,000 | $1,129,766,000 | $970,056,000 | $888,146,000 |
| Gross Profit | $3,514,138,000 | $3,437,615,000 | $3,369,744,000 | $3,129,256,000 |
| Per Share | ||||
| Diluted EPS | $9.01 | $10.64 | $11.06 | $23.50 |
| Basic EPS | $9.04 | $10.68 | $11.11 | $23.64 |
| Other | ||||
| Tax Effect Of Unusual Items | $-49,357,560 | $185,260 | $-302,350 | $7,194,503 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $3,481,175,000 | $3,413,616,000 | $3,402,599,000 | $3,205,132,000 |
| Total Unusual Items | $-235,036,000 | $92,630,000 | $-60,470,000 | $2,199,933,000 |
| Total Unusual Items Excluding Goodwill | $-235,036,000 | $92,630,000 | $-60,470,000 | $2,199,933,000 |
| Reconciled Depreciation | $1,151,840,000 | $1,129,766,000 | $970,056,000 | $888,146,000 |
| EBITDA (Bullshit earnings) | $3,246,139,000 | $3,506,246,000 | $3,342,129,000 | $5,405,065,000 |
| EBIT | $2,094,299,000 | $2,376,480,000 | $2,372,073,000 | $4,516,919,000 |
| Diluted Average Shares | $175,902,000 | $176,038,000 | $176,143,000 | $176,280,000 |
| Basic Average Shares | $175,447,000 | $175,351,000 | $175,472,000 | $175,257,000 |
| Diluted NI Availto Com Stockholders | $1,585,585,000 | $1,872,685,000 | $1,948,741,000 | $4,142,288,000 |
| Otherunder Preferred Stock Dividend | $4,060,000 | $4,623,000 | $4,883,000 | $12,469,000 |
| Preferred Stock Dividends | $194,703,000 | $194,703,000 | $194,703,000 | $194,390,000 |
| Minority Interests | $-12,684,000 | $-12,399,000 | $-11,793,000 | $-17,127,000 |
| Tax Provision | $-7,228,000 | $4,669,000 | $10,821,000 | $14,326,000 |
| Restructuring And Mergern Acquisition | $24,425,000 | $15,506,000 | $26,451,000 | $28,744,000 |
| Gain On Sale Of Security | $-210,611,000 | $108,136,000 | $-34,019,000 | $99,817,000 |
| Selling General And Administration | $101,807,000 | $106,677,000 | $80,632,000 | $71,672,000 |
| Other Gand A | $76,844,000 | $77,969,000 | $80,632,000 | $71,672,000 |
| Salaries And Wages | $24,963,000 | $28,708,000 | $25,399,000 | $37,865,000 |
| Gain On Sale Of Business | - | $0 | $0 | $2,128,860,000 |
| Gain On Sale Of Ppe | - | - | - | $1,503,000 |
| Other Taxes | - | - | - | $16,086,000 |
| Research And Development | - | - | - | $17,540,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $8,996,515,000 | $9,430,419,000 | $9,625,911,000 | $9,840,885,000 |
| Total Assets | $20,208,604,000 | $19,754,934,000 | $19,809,216,000 | $17,552,307,000 |
| Total Non Current Assets | $19,748,401,000 | $19,297,542,000 | $19,439,214,000 | $16,777,054,000 |
| Other Non Current Assets | $303,644,000 | $272,212,000 | $275,050,000 | $230,822,000 |
| Goodwill And Other Intangible Assets | $251,613,000 | $282,187,000 | $387,267,000 | $232,517,000 |
| Other Intangible Assets | $85,770,000 | $116,344,000 | $221,424,000 | $66,674,000 |
| Current Assets | $460,203,000 | $457,392,000 | $370,002,000 | $775,253,000 |
| Receivables | $142,108,000 | $9,976,000 | - | - |
| Notes Receivable | $142,108,000 | $9,976,000 | - | - |
| Cash Cash Equivalents And Short Term Investments | $318,095,000 | $447,416,000 | $370,002,000 | $775,253,000 |
| Cash And Cash Equivalents | $318,095,000 | $447,416,000 | $370,002,000 | $775,253,000 |
| Debt | ||||
| Net Debt | $9,935,786,000 | $8,905,618,000 | $8,733,275,000 | $6,095,573,000 |
| Total Debt | $10,253,881,000 | $9,353,034,000 | $9,103,277,000 | $6,870,826,000 |
| Long Term Debt And Capital Lease Obligation | $10,253,881,000 | $9,353,034,000 | $9,103,277,000 | $6,870,826,000 |
| Long Term Debt | $10,253,881,000 | $9,353,034,000 | $9,103,277,000 | $6,870,826,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $10,866,770,000 | $9,941,282,000 | $9,702,270,000 | $7,385,506,000 |
| Total Non Current Liabilities Net Minority Interest | $10,253,881,000 | $9,353,034,000 | $9,103,277,000 | $6,870,826,000 |
| Current Liabilities | $612,889,000 | $588,248,000 | $598,993,000 | $514,680,000 |
| Payables And Accrued Expenses | $612,889,000 | $588,248,000 | $598,993,000 | $514,680,000 |
| Equity | ||||
| Common Stock Equity | $4,898,128,000 | $5,362,606,000 | $5,663,178,000 | $5,723,402,000 |
| Preferred Stock Equity | $4,350,000,000 | $4,350,000,000 | $4,350,000,000 | $4,350,000,000 |
| Total Equity Gross Minority Interest | $9,341,834,000 | $9,813,652,000 | $10,106,946,000 | $10,166,801,000 |
| Stockholders Equity | $9,248,128,000 | $9,712,606,000 | $10,013,178,000 | $10,073,402,000 |
| Gains Losses Not Affecting Retained Earnings | $-47,799,000 | $-71,965,000 | $-67,239,000 | $-80,317,000 |
| Other Equity Adjustments | $-47,799,000 | $-71,965,000 | $-67,239,000 | $-80,317,000 |
| Retained Earnings | $-1,219,273,000 | $-699,083,000 | $-267,910,000 | $-110,231,000 |
| Long Term Equity Investment | $388,586,000 | $382,490,000 | $390,180,000 | $275,752,000 |
| Preferred Securities Outside Stock Equity | - | - | - | - |
| Other | ||||
| Preferred Shares Number | $174,000,000 | $174,000,000 | $174,000,000 | $174,000,000 |
| Ordinary Shares Number | $175,500,243 | $175,408,393 | $175,670,727 | $175,265,668 |
| Share Issued | $175,500,243 | $175,408,393 | $175,670,727 | $175,265,668 |
| Tangible Book Value | $4,646,515,000 | $5,080,419,000 | $5,275,911,000 | $5,490,885,000 |
| Invested Capital | $15,152,009,000 | $14,715,640,000 | $14,766,455,000 | $12,594,228,000 |
| Working Capital | $-152,686,000 | $-130,856,000 | $-228,991,000 | $260,573,000 |
| Total Capitalization | $19,502,009,000 | $19,065,640,000 | $19,116,455,000 | $16,944,228,000 |
| Minority Interest | $93,706,000 | $101,046,000 | $93,768,000 | $93,399,000 |
| Additional Paid In Capital | $6,147,650,000 | $6,116,113,000 | $5,980,760,000 | $5,896,423,000 |
| Capital Stock | $4,367,550,000 | $4,367,541,000 | $4,367,567,000 | $4,367,527,000 |
| Common Stock | $17,550,000 | $17,541,000 | $17,567,000 | $17,527,000 |
| Preferred Stock | $4,350,000,000 | $4,350,000,000 | $4,350,000,000 | $4,350,000,000 |
| Current Accrued Expenses | $612,889,000 | $588,248,000 | $598,993,000 | $514,680,000 |
| Investments And Advances | $388,586,000 | $382,490,000 | $390,180,000 | $275,752,000 |
| Investment Properties | $18,610,203,000 | $18,052,552,000 | $18,041,264,000 | $15,664,971,000 |
| Goodwill | $165,843,000 | $165,843,000 | $165,843,000 | $165,843,000 |
| Net PPE | $194,355,000 | $308,101,000 | $345,453,000 | $372,992,000 |
| Gross PPE | $194,355,000 | $308,101,000 | $345,453,000 | $372,992,000 |
| Construction In Progress | $194,355,000 | $308,101,000 | $345,453,000 | $372,992,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $2,897,071,000 | $2,708,231,000 | $2,785,511,000 | $2,657,368,000 |
| Operating Activities | ||||
| Operating Cash Flow | $3,186,449,000 | $3,128,255,000 | $3,246,648,000 | $3,117,141,000 |
| Cash Flow From Continuing Operating Activities | $3,186,449,000 | $3,128,255,000 | $3,246,648,000 | $3,117,141,000 |
| Operating Gains Losses | $174,452,000 | $-123,332,000 | $6,164,000 | $-2,334,907,000 |
| Investing Activities | ||||
| Capital Expenditure | $-289,378,000 | $-420,024,000 | $-461,137,000 | $-459,773,000 |
| Investing Cash Flow | $-1,685,089,000 | $-1,002,638,000 | $-3,538,502,000 | $1,119,996,000 |
| Cash Flow From Continuing Investing Activities | $-1,685,089,000 | $-1,002,638,000 | $-3,538,502,000 | $1,119,996,000 |
| Net Other Investing Changes | $-131,227,000 | $-9,960,000 | - | - |
| Capital Expenditure Reported | $-289,378,000 | $-420,024,000 | $-461,137,000 | $-459,773,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $0 | $-200,000,000 | $0 | $0 |
| Issuance Of Capital Stock | $9,412,000 | $107,599,000 | $53,131,000 | $278,103,000 |
| Financing Cash Flow | $-1,630,681,000 | $-2,078,576,000 | $-112,928,000 | $-4,193,270,000 |
| Cash Flow From Continuing Financing Activities | $-1,630,681,000 | $-2,078,576,000 | $-112,928,000 | $-4,193,270,000 |
| Net Other Financing Charges | $-41,615,000 | $-26,757,000 | $-33,751,000 | $-49,381,000 |
| Cash Dividends Paid | $-2,303,381,000 | $-2,301,935,000 | $-2,305,322,000 | $-3,908,497,000 |
| Net Common Stock Issuance | $9,412,000 | $-92,401,000 | $53,131,000 | $35,271,000 |
| Common Stock Issuance | $9,412,000 | $107,599,000 | $53,131,000 | $35,271,000 |
| Dividends Received Cfi | $0 | $13,285,000 | $10,975,000 | $13,670,000 |
| Dividend Received Cfo | $1,823,000 | $11,039,000 | $29,333,000 | $134,769,000 |
| Net Preferred Stock Issuance | - | $0 | $0 | $242,832,000 |
| Preferred Stock Issuance | - | $0 | $0 | $242,832,000 |
| Other | ||||
| Repayment Of Debt | $-651,517,000 | $-808,505,000 | $-8,259,000 | $-513,495,000 |
| Issuance Of Debt | $1,356,420,000 | $1,151,022,000 | $2,181,273,000 | $0 |
| Interest Paid Supplemental Data | $273,007,000 | $269,498,000 | $146,213,000 | $127,711,000 |
| Income Tax Paid Supplemental Data | $6,350,000 | $6,877,000 | $11,056,000 | $11,293,000 |
| End Cash Position | $318,095,000 | $447,416,000 | $400,375,000 | $805,157,000 |
| Beginning Cash Position | $447,416,000 | $400,375,000 | $805,157,000 | $761,290,000 |
| Changes In Cash | $-129,321,000 | $47,041,000 | $-404,782,000 | $43,867,000 |
| Common Stock Payments | $0 | $-200,000,000 | $0 | $0 |
| Net Issuance Payments Of Debt | $704,903,000 | $342,517,000 | $2,173,014,000 | $-513,495,000 |
| Net Long Term Debt Issuance | $704,903,000 | $342,517,000 | $2,173,014,000 | $-513,495,000 |
| Long Term Debt Payments | $-651,517,000 | $-808,505,000 | $-8,259,000 | $-513,495,000 |
| Long Term Debt Issuance | $1,356,420,000 | $1,151,022,000 | $2,181,273,000 | $0 |
| Net Investment Properties Purchase And Sale | $-1,264,484,000 | $-585,939,000 | $-910,189,000 | $-1,069,912,000 |
| Sale Of Investment Properties | $8,151,000 | $8,388,000 | $39,986,000 | $1,543,000 |
| Purchase Of Investment Properties | $-1,272,635,000 | $-594,327,000 | $-950,175,000 | $-1,071,455,000 |
| Net Business Purchase And Sale | $0 | $0 | $-2,178,151,000 | $2,636,011,000 |
| Purchase Of Business | $0 | $0 | $-2,178,151,000 | $0 |
| Change In Working Capital | $1,801,000 | $-29,785,000 | $18,901,000 | $-9,051,000 |
| Change In Other Current Assets | $-24,639,000 | $-44,968,000 | $-16,365,000 | $-29,638,000 |
| Change In Payables And Accrued Expense | $26,440,000 | $15,183,000 | $35,266,000 | $20,587,000 |
| Change In Accrued Expense | $26,440,000 | $15,183,000 | $35,266,000 | $20,587,000 |
| Other Non Cash Items | $15,251,000 | $11,410,000 | $20,508,000 | $15,207,000 |
| Stock Based Compensation | $39,902,000 | $44,747,000 | $41,566,000 | $56,703,000 |
| Asset Impairment Charge | $4,348,000 | $0 | $0 | - |
| Depreciation Amortization Depletion | $1,151,840,000 | $1,129,766,000 | $970,056,000 | $888,146,000 |
| Depreciation And Amortization | $1,151,840,000 | $1,129,766,000 | $970,056,000 | $888,146,000 |
| Earnings Losses From Equity Investments | $-9,604,000 | $-19,821,000 | $-27,897,000 | $-106,981,000 |
| Gain Loss On Investment Securities | $-1,113,000 | $-1,537,000 | $-17,178,000 | $-1,503,000 |
| Net Foreign Currency Exchange Gain Loss | $185,169,000 | $-101,974,000 | $51,239,000 | $-97,563,000 |
| Net Income From Continuing Operations | $1,797,032,000 | $2,084,410,000 | $2,160,120,000 | $4,366,274,000 |
| Sale Of Business | - | $0 | $0 | $2,636,011,000 |
| Gain Loss On Sale Of Business | - | $0 | $0 | $-2,128,860,000 |
| Effect Of Exchange Rate Changes | - | - | $0 | $0 |
| Proceeds From Stock Option Exercised | - | - | $53,131,000 | $35,271,000 |
| Preferred Stock Payments | - | - | $0 | $0 |