Public Storage (PSA) Financials: Revenue & Earnings

PSA price $311.55 -0.93 -0.30%

Ticker
PSA
Price
$311.55
Change
-0.93 -0.30%
Market cap ?
$58.21B
P/E ?
32.04
Forward P/E ?
30.95
Dividend yield ?
3.91%
Beta ?
0.93
Sector
Real Estate
Industry
REIT - Industrial
Stocklytics score
35
Value
27
Quality
52
Growth
26

Stocklytics score rationale: value 27, quality 52, growth 26.

Financials

2016201720182019202020212022202320242025
2560549000266852800027595230002855108000291506800034158240004182163000451769000046956160004824113000

Public Storage (PSA), an esteemed Real Estate Investment Trust (REIT) and a constituent of both the S&P 500 and FT Global 500 indices, concentrates its operations on the acquisition, development, ownership, and management of self-storage properties. By September 30, 2020, the company's substantial holdings included 2,504 self-storage facilities located across 38 U.S. states, collectively providing around 171 million…

Fair value

PSA fair value $205.57. Price $311.55. Price is 52% above fair value.

Above fair value, and more expensive than usual. A larger premium than on 99% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 2.76B. Growth 2.89%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.41% (beta 0.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 186.85M. Net debt 9.94B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare PSA

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-11—2.40—1.41B
2026-10-261.692.491.37B1.34B
2026-07-292.552.531.23B1.23B
2026-04-272.712.421.22B1.22B
2026-02-122.602.491.22B1.21B
2025-10-292.632.531.22B1.22B
2025-07-301.762.561.20B1.20B
2025-04-302.042.391.18B1.18B
2025-02-243.222.561.18B1.18B
2024-10-302.162.601.19B1.18B
2024-07-302.662.571.17B1.17B
2024-04-302.602.491.16B1.15B
2024-02-202.212.731.16B1.15B
2023-10-303.202.811.14B1.15B
2023-08-033.002.911.12B1.12B
2023-05-042.672.691.09B1.09B
2023-02-212.072.651.09B1.08B
2022-11-0115.382.731.09B1.06B
2022-08-043.422.541.03B996.83M
2022-05-032.632.32973.45M981.31M
2022-02-223.172.17924.32M922.22M
2021-11-012.522.13894.93M845.90M
2021-08-033.152.93829.32M829.32M
2021-04-282.211.77767.26M725.09M
2021-02-241.671.94759.04M738.41M
2020-11-041.411.72734.54M851.71M
2020-08-051.411.64712.94M801.23M
2020-04-301.801.71719.04M684.08M
2020-02-251.882.01717.50M771.22M
2019-10-291.931.91729.34M721.78M
2019-07-301.761.83710.95M739.23M
2019-05-011.731.72689.04M685.06M
2019-02-262.172.11692.46M673.31M
2018-10-301.851.85706.37M706.37M
2018-08-012.001.83685.53M627.23M
2018-04-251.661.69669.92M678.02M
2018-02-201.922.04672.31M693.31M
2017-10-251.612.15686.36M801.51M
2017-07-261.592.01664.31M752.04M
2017-04-261.621.68645.55M657.45M

Dividends

Yield 3.85%. Payout ratio 92.96%. Frequency Quarterly.

Safety score 67/100 · Moderate. Payout ratio is 93% of earnings. Dividends use most of free cash flow. Dividends were paid in 42 separate years. Yield is 3.9%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-15$3.002026-09-152026-10-06Quarterly
2026-06-15$3.002026-06-152026-06-30Quarterly
2026-03-16$3.002026-03-162026-03-31Quarterly
2025-12-15$3.002025-12-152025-12-30Quarterly
2025-09-15$3.002025-09-152025-09-30Quarterly
2025-06-12$3.002025-06-122025-06-27Quarterly
2025-03-13$3.002025-03-132025-03-28Quarterly
2024-12-13$3.002024-12-132024-12-30Quarterly
2024-09-13$3.002024-09-132024-09-30Quarterly
2024-06-12$3.002024-06-122024-06-27Quarterly
2024-03-12$3.002024-03-132024-03-28Quarterly
2023-12-12$3.002023-12-132023-12-28Quarterly
2023-09-12$3.002023-09-132023-09-28Quarterly
2023-06-13$3.002023-06-142023-06-29Quarterly
2023-03-14$3.002023-03-152023-03-30Quarterly
2022-12-13$2.002022-12-142022-12-29Quarterly
2022-09-13$2.002022-09-142022-09-29Quarterly
2022-07-29$13.152022-08-012022-08-04Special
2022-06-14$2.002022-06-152022-06-30Quarterly
2022-03-15$2.002022-03-162022-03-31Quarterly
2021-12-14$2.002021-12-152021-12-30Quarterly
2021-09-14$2.002021-09-152021-09-30Quarterly
2021-06-14$2.002021-06-152021-06-30Quarterly
2021-03-15$2.002021-03-162021-03-31Quarterly
2020-12-14$2.002020-12-152020-12-30Quarterly
2020-09-14$2.002020-09-152020-09-30Quarterly
2020-06-12$2.002020-06-152020-06-30Quarterly
2020-03-13$2.002020-03-162020-03-31Quarterly
2019-12-12$2.002019-12-132019-12-30Quarterly
2019-09-11$2.002019-09-122019-09-27Quarterly
2019-06-11$2.002019-06-122019-06-27Quarterly
2019-03-12$2.002019-03-132019-03-28Quarterly
2018-12-11$2.002018-12-122018-12-27Quarterly
2018-09-11$2.002018-09-122018-09-27Quarterly
2018-06-12$2.002018-06-132018-06-28Quarterly
2018-03-13$2.002018-03-142018-03-29Quarterly
2017-12-12$2.002017-12-132017-12-28Quarterly
2017-09-12$2.002017-09-132017-09-28Quarterly
2017-06-12$2.002017-06-142017-06-29Quarterly
2017-03-13$2.002017-03-152017-03-30Quarterly
2016-12-12$2.002016-12-142016-12-29Quarterly
2016-09-12$1.802016-09-142016-09-29Quarterly
2016-06-13$1.802016-06-152016-06-30Quarterly
2016-03-14$1.702016-03-162016-03-31Quarterly
2015-12-11$1.702015-12-152015-12-30Quarterly
2015-09-11$1.702015-09-152015-09-30Quarterly
2015-06-11$1.702015-06-152015-06-30Quarterly
2015-03-12$1.402015-03-162015-03-31Quarterly
2014-12-11$1.402014-12-152014-12-30Quarterly
2014-09-11$1.402014-09-152014-09-30Quarterly
2014-06-11$1.402014-06-132014-06-30Quarterly
2014-03-12$1.402014-03-142014-03-31Quarterly
2013-12-11$1.402013-12-132013-12-30Quarterly
2013-09-11$1.252013-09-132013-09-30Quarterly
2013-06-10$1.252013-06-122013-06-27Quarterly
2013-03-11$1.252013-03-132013-03-28Quarterly
2012-12-10$1.102012-12-122012-12-27Quarterly
2012-09-10$1.102012-09-122012-09-27Quarterly
2012-06-11$1.102012-06-132012-06-28Quarterly
2012-03-12$1.102012-03-142012-03-29Quarterly
2011-12-12$0.952011-12-142011-12-29Quarterly
2011-09-12$0.952011-09-142011-09-29Quarterly
2011-06-13$0.952011-06-152011-06-30Quarterly
2011-03-11$0.802011-03-152011-03-31Quarterly
2010-12-13$0.802010-12-152010-12-30Quarterly
2010-09-13$0.802010-09-152010-09-30Quarterly
2010-06-11$0.802010-06-152010-06-30Quarterly
2010-03-11$0.652010-03-152010-03-31Quarterly
2009-12-11$0.552009-12-152009-12-30Quarterly
2009-09-11$0.552009-09-152009-09-30Quarterly
2009-06-11$0.552009-06-152009-06-30Quarterly
2009-03-12$0.552009-03-162009-03-31Quarterly
2008-12-11$1.152008-12-152008-12-30Quarterly
2008-09-11$0.552008-09-152008-09-30Quarterly
2008-06-11$0.552008-06-132008-06-30Quarterly
2008-03-12$0.552008-03-142008-03-31Quarterly
2007-12-11$0.502007-12-132007-12-28Quarterly
2007-09-10$0.502007-09-122007-09-27Quarterly
2007-06-13$0.502007-06-152007-06-28Quarterly
2007-03-13$0.502007-03-152007-03-29Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-06SPOGLI RONALD PBuy6$285.851.80K
2026-10-06HAVNER RONALD L JRBuy4$285.851.27K
2026-10-02HAVNER RONALD L JRBuy107——
2026-09-30PETHERBRIDGE LUKE JBuy151——
2026-09-30Mitra ShankhBuy339$282.8495.88K
2026-09-30WILLIAMS PAUL SBuy52$282.8414.71K
2026-09-30SPOGLI RONALD PBuy151——
2026-09-01Sheek Samuel WadeBuy6.21K——
2026-08-17Sheek Samuel WadeOther0——
2026-08-13Vitan Nathaniel A.Sell1.41K$327.53463.13K
2026-07-29HAVNER RONALD L JRBuy34.60K——
2026-07-29HAVNER RONALD L JRSell103.28K$219.0722.62M
2026-07-28Johnson NataliaBuy3.28K——
2026-07-28Johnson NataliaSell10.33K$225.382.33M
2026-06-30PETHERBRIDGE LUKE JBuy126——
2026-06-30Mitra ShankhBuy305$318.3197.08K
2026-06-30WILLIAMS PAUL SBuy46$318.3114.64K
2026-06-30SPOGLI RONALD PBuy6$318.311.78K
2026-06-30SPOGLI RONALD PBuy145——
2026-06-30HAVNER RONALD L JRBuy95——
2026-06-30HAVNER RONALD L JRBuy4$318.311.26K
2026-06-12Vitan Nathaniel A.Sell950$324.81308.57K
2026-05-06Mitra ShankhBuy3.23K$308.98998.62K
2026-05-06PETHERBRIDGE LUKE JBuy3.23K$308.98998.62K
2026-05-06WILLIAMS PAUL SBuy3.23K$308.98998.62K
2026-05-06SPOGLI RONALD PBuy3.23K$308.98998.62K
2026-05-06GUSTAVSON TAMARA HUGHESBuy3.23K$308.98998.62K
2026-05-06Owen Rebecca LBuy3.23K$308.98998.62K
2026-05-06HAWTHORNE MARIA RBuy3.23K$308.98998.62K
2026-05-06POLADIAN AVEDICK BARUYRBuy3.23K$308.98998.62K
2026-05-06Shaukat Tariq MBuy3.23K$308.98998.62K
2026-05-06HAVNER RONALD L JRBuy3.23K$308.98998.62K
2026-05-06Pipes KristyBuy3.23K$308.98998.62K
2026-04-21SPOGLI RONALD PBuy972——
2026-04-21SPOGLI RONALD PSell5.16K$250.291.29M
2026-04-20POLADIAN AVEDICK BARUYRBuy1.02K——
2026-04-20POLADIAN AVEDICK BARUYRSell5.16K$250.291.29M
2026-04-14HAVNER RONALD L JRSell734——
2026-04-10POLADIAN AVEDICK BARUYRSell2.00K——
2026-04-10POLADIAN AVEDICK BARUYRSell2.00K——
2026-04-10POLADIAN AVEDICK BARUYRSell2.00K——
2026-04-10POLADIAN AVEDICK BARUYRBuy2.00K——
2026-04-01HAVNER RONALD L JRSell266$276.2473.48K
2026-03-31SPOGLI RONALD PBuy6$270.881.76K
2026-03-31SPOGLI RONALD PBuy174——
2026-03-31HAVNER RONALD L JRBuy342——
2026-03-31HAVNER RONALD L JRBuy5$270.881.25K
2026-03-31PETHERBRIDGE LUKE JBuy128——
2026-03-31Mitra ShankhBuy128$270.8834.67K
2026-03-31WILLIAMS PAUL SBuy54$270.8814.63K
2026-03-31REYES JOHNBuy123$270.8833.32K
2026-03-15Vitan Nathaniel A.Buy3.37K——
2026-03-15Vitan Nathaniel A.Buy12.99K$288.563.75M
2026-03-15RUSSELL JOSEPH D JRBuy10.52K——
2026-03-15RUSSELL JOSEPH D JRBuy40.55K$288.5611.70M
2026-03-15Johnson NataliaBuy25.55K$288.567.37M
2026-03-15Johnson NataliaBuy6.58K——
2026-03-15Boyle TomBuy34.07K$288.569.83M
2026-03-15Boyle TomBuy8.84K——
2026-03-12Owen Rebecca LSell4.25K$210.48894.54K
2026-03-12Owen Rebecca LBuy1.25K——
2026-03-02WILLIAMS PAUL SSell6.00K$223.611.34M
2026-03-02WILLIAMS PAUL SBuy1.69K——
2026-02-20HAVNER RONALD L JRBuy112.26K$350.0039.29M
2026-02-20Mitra ShankhBuy561.29K$350.00196.45M
2026-02-16Fisher Joseph DOther68.89K$350.0024.11M
2026-02-13REYES JOHNBuy6.98K——
2026-02-13REYES JOHNSell28.27K$226.206.40M
2026-02-10Boyle TomBuy229.62K$350.0080.37M
2026-02-10Boyle TomBuy242.25K$350.0084.79M
2026-02-06REYES JOHNBuy5.30K——
2026-02-06REYES JOHNSell25.00K$226.205.66M
2026-01-27RUSSELL JOSEPH D JRBuy25.21K——
2026-01-22REYES JOHNBuy10.53K——
2026-01-22REYES JOHNSell50.00K$226.2011.31M
2025-12-31HAVNER RONALD L JRBuy357——
2025-12-31SPOGLI RONALD PBuy164——
2025-12-31REYES JOHNBuy128$259.5033.22K
2025-12-31WILLIAMS PAUL SBuy77$259.5019.98K
2025-12-31Mitra ShankhBuy128$259.5033.22K
2025-12-31PETHERBRIDGE LUKE JBuy128——
2025-12-30HAVNER RONALD L JRBuy5$261.131.24K
2025-12-30SPOGLI RONALD PBuy7$261.131.75K
2025-09-30WILLIAMS PAUL SBuy70$288.8520.22K
2025-09-30SPOGLI RONALD PBuy6$288.851.72K
2025-09-30SPOGLI RONALD PBuy148——
2025-09-30REYES JOHNBuy115$288.8533.22K
2025-09-30PETHERBRIDGE LUKE JBuy80——
2025-09-30Mitra ShankhBuy115$288.8533.22K
2025-09-30HAVNER RONALD L JRBuy321——
2025-09-30HAVNER RONALD L JRBuy4$288.851.22K
2025-08-08PETHERBRIDGE LUKE JBuy700$284.25198.97K
2025-07-30PETHERBRIDGE LUKE JBuy10.02K$288.652.89M
2025-07-30PETHERBRIDGE LUKE JOther0——
2025-06-30Mitra ShankhBuy113$293.4233.16K
2025-06-30WILLIAMS PAUL SBuy68$293.4219.95K
2025-06-30REYES JOHNBuy113$293.4233.16K
2025-06-30SPOGLI RONALD PBuy145——
2025-06-30HAVNER RONALD L JRBuy316——
2025-06-27SPOGLI RONALD PBuy6$289.881.70K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.16K, holders +35 vs prior quarter. Ownership 88.98%.

HolderSharesChangeChange %Value
BLACKROCK, INC.17.26M518.70K+3.10%5.50B
VANGUARD PORTFOLIO MANAGEMENT LLC13.61M66.45K+0.49%4.33B
VANGUARD CAPITAL MANAGEMENT LLC10.32M56.05K+0.55%3.29B
STATE STREET CORP10.13M-100.65K-0.98%3.23B
CAPITAL INTERNATIONAL INVESTORS9.50M3.13M+49.26%3.02B
PRICE T ROWE ASSOCIATES INC /MD/5.72M74.99K+1.33%1.82B
COHEN & STEERS, INC.5.24M829.07K+18.80%1.67B
NORGES BANK4.34M4.34MNew1.38B
GEODE CAPITAL MANAGEMENT, LLC4.26M40.70K+0.96%1.35B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.3.32M3.32MNew1.06B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC3.32M110.55K+3.44%1.06B
JPMORGAN CHASE & CO3.15M-674.58K-17.63%1.02B
FMR LLC3.08M-536.92K-14.83%981.28M
INVESCO LTD.2.53M981.66K+63.28%806.23M
DIMENSIONAL FUND ADVISORS LP2.28M586+0.03%726.14M
NORTHERN TRUST CORP2.28M-27.92K-1.21%726.11M
APG ASSET MANAGEMENT US INC.2.10M8.63K+0.41%679.54M
MORGAN STANLEY2.02M194.55K+10.65%643.22M
LEGAL & GENERAL GROUP PLC1.89M23.68K+1.27%601.65M
CLEARBRIDGE INVESTMENTS, LLC1.87M-10.31K-0.55%594.10M
BARROW HANLEY MEWHINNEY & STRAUSS LLC1.76M-126.94K-6.74%558.90M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC1.62M-11.53K-0.70%516.92M
CAPITAL RESEARCH GLOBAL INVESTORS1.33M125.18K+10.37%424.24M
WELLINGTON MANAGEMENT GROUP LLP1.33M-123.87K-8.52%423.31M
DEUTSCHE BANK AG\1.26M595.00K+89.60%400.78M

Earnings and financials

Public Storage (PSA) trades at $311.55, with a market cap of $58.21B and a trailing P/E of 32.04. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
2560549000266852800027595230002855108000291506800034158240004182163000451769000046956160004824113000

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Public Storage (PSA) Financials: Revenue & Earnings

PSA$311.55-0.93 -0.30%

$58.21B

Market Cap

32.04

P/E

30.95

Forward P/E

35

Score

Price History