Public Storage (PSA)

PSA price $312.47 +5.50 +1.79%

Ticker
PSA
Price
$312.47
Change
+5.50 +1.79%
Market cap ?
$58.39B
P/E ?
32.04
Forward P/E ?
31.04
Dividend yield ?
3.91%
Beta ?
0.93
Sector
Real Estate
Industry
REIT - Industrial
Stocklytics score
37
Value
28
Quality
55
Growth
27

Stocklytics score rationale: value 28, quality 55, growth 27.

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 $261.55. Price $312.47. Price is 19% above fair value.

Above fair value, and more expensive than usual. A larger premium than on 94% 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 7.00% in year 1, held for five years, then fading in a straight line to terminal growth by year 10. Year-1 growth is analyst revenue growth, or 5-year historical revenue growth when that forecast is missing, kept between 0% and 20%. 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%. Years 1 to 5 grow at the year-1 rate, and years 6 to 10 fade in a straight line to terminal growth of 3%. 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 stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. 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—2.46—1.39B
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 3.84%. Payout ratio 1.51%. Frequency Quarterly.

Safety score 85/100 · Safe. Payout ratio is 2% of earnings. Dividends use most of free cash flow. Dividends were paid in 42 separate years. Yield is 3.8%, 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

Insights

Revenue by product
PeriodValue
FY2011Commercial Segment: 15256000.0, Domestic Self Storage Segment: 1605680000.0, Other Items Not Allocated To Segments: 102976000.0
FY2012Commercial Segment: 14071000.0, Domestic Self Storage Segment: 1703090000.0, Other Items Not Allocated To Segments: 109568000.0
FY2013Commercial Segment: 14510000.0, Other Items Not Allocated To Segments: 117353000.0
FY2014Commercial Segment: 15720000.0, Domestic Self Storage Segment: 2049882000.0, Other Items Not Allocated To Segments: 129802000.0
FY2015Ancillary Operations: 146171000.0, Self Storage Operations: 2235525000.0
FY2016Ancillary Operations: 154721000.0, Self Storage Operations: 2405828000.0
FY2017Ancillary Operations: 156095000.0, Self Storage Operations: 2512433000.0
FY2018Ancillary Operations: 156673000.0, Self Storage Operations: 2597607000.0
FY2019Ancillary Operations: 162271000.0, Self Storage Operations: 2684552000.0
FY2020Ancillary Operations: 193438000.0, Self Storage Operations: 2721630000.0
FY2021Ancillary Operations: 212258000.0, Self Storage Operations: 3203566000.0
FY2022Ancillary Operations: 236135000.0, Self Storage Operations: 3946028000.0
FY2023Ancillary Operations: 258077000.0, Self Storage Operations: 4259613000.0
FY2024Ancillary Operations: 299623000.0, Self Storage Operations: 4395993000.0
FY2025Ancillary Operations: 334700000.0, Self Storage Operations: 4489413000.0
Revenue by region
PeriodValue
FY2011Domestic Self Storage Segment: 1605680000.0, Europe Self Storage: 28190000.0
FY2012Domestic Self Storage Segment: 1703090000.0
FY2013Domestic Self Storage Segment: 1849883000.0

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