Inside the research

Public Storage

PSA Research profile · latest available data

Price overview

$287.97

▲ +3.41 (+1.2%)

52w hi$327.11
52w lo$250.91
Vol730.60K
As of25 Sep 2026

The Verdict

Hold

Our score -0.22

Short-0.13
Medium-0.31
Long-0.23

computed 2026-09-27

Key fundamentals

Public Storage

Real Estate · REIT - Industrial

Market cap$53.81B
Enterprise value$64.94B
Trailing P/E27.48x
Forward P/E28.16x
EV / EBITDA18.90x
P / S (ttm)10.96x
Profit margin41.6%
Return on equity21.9%
Revenue growth+3.3%
Earnings growth+45.1%
Debt / equity109.63

Layer Breakdown

LayerRawContribution
Fundamental+0.20
Sector-0.04
Technical-0.16
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, The firm: (i) owned and/or operated 3,584 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 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage is headquartered in Frisco, Texas. Public Storage was incorporated in 1972 in Maryland.

United States · www.publicstorage.com

Risk Metrics

Beta vs SPX0.43
Corr SPX0.30
Annual vol23.3%
Annual ret-8.7%
Sharpe-0.37
Max DD-29.2%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$313.50
High / Low$350.00 / $276.00
Median$309.00
Analysts16
Strong Buy3
Buy4
Hold12
Sell0
Strong Sell0

Recent rating actions

2026-05-07Barclays→ Overweight
2026-05-04Evercore ISI Group→ In-Line
2026-04-29RBC Capital→ Sector Perform
2026-04-20Barclays→ Overweight
2026-03-23Scotiabank→ Sector Outperform
2026-03-23JP Morgan→ Neutral

Officers & Board

FounderB. Wayne Hughes current

Material Events

DateEvent8-K
2026-08-10Officer / Director Changeread
2026-07-29Earnings Release, Exhibitsread
2026-07-22Material Agreement, Acquisition / Disposition…read
2026-07-20Material Agreement, Material Obligation…read
2026-07-13Material Agreement, Exhibitsread
2026-07-07Officer / Director Changeread
2026-06-25Material Agreement, Termination of Agreement…read
2026-06-22Securities Issuance, Reg FD Disclosure…read
2026-06-01Reg FD Disclosure, Other Material Eventread
2026-05-11Shareholder Vote, Other Material Eventread
2026-04-27Earnings Release, Exhibitsread
2026-04-06Material Agreement, Material Obligation…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-13Vitan Nathaniel A.Chief Legal OfficerSell1.41K$463.13K
2026-06-30Mitra ShankhGrant305$97.08K
2026-06-30WILLIAMS PAUL SGrant46$14.64K
2026-06-30SPOGLI RONALD PGrant6$1.78K
2026-06-30HAVNER RONALD L JRGrant4$1.26K
2026-06-12Vitan Nathaniel A.Chief Legal OfficerSell950$308.57K

Flow & Concentration

Insider 180d net-$771.70K
Insider buys / sells0 / 2
Insider biasNeutral
13F holders6
Top-5 share99.9%
HHI5,646 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$981.28M3.08M
Capital Research / Capital World$280.30M880.58K
Citadel Advisors$43.08M135.34K
Millennium Management$35.67M112.06K
AQR Capital Management$18.28M57.64K
T. Rowe Price Group$1.82M5.72M

As of 2026-06-30

Dividends

Yield (TTM)2.08%
$ / share (TTM)$6.00
5y CAGR+8.4%

Annual dividend per share

2021$8.00
2022$21.15
2023$12.00
2024$12.00
2025$12.00
2026$3.00

Federal Contracts

AmountAgencyDescription
$129.22KDepartment of Homeland SecurityRENTAL STORAGE UNITS
$17.23KDepartment of Health and Human ServicesSECURITY PUBLIC STORAGE (AMBIS #1992572)P.O.P. 12/4/19- 12/3/20 UNIT# 2091, 2074

SEC Filings

DateFormDoc
2026-08-144view
2026-08-108-Kview
2026-07-304view
2026-07-304view
2026-07-2910-Qview
2026-07-298-Kview
2026-07-228-Kview
2026-07-208-Kview
2026-07-138-Kview
2026-07-13424B5view
2026-07-09424B5view
2026-07-078-Kview
2026-07-024view
2026-07-024view
2026-07-024view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$4.52B+6.6%
Gross profit$2.01B+8.8%
Operating income$1.42B+10.3%
Net income$1.78B+8.9%
Cash from ops$3.13B+8.8%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$284.19$288.67$283.32$287.97730.60K
Sep 24$287.51$288.20$284.24$284.56766.20K
Sep 23$287.59$290.39$286.01$286.73986.00K
Sep 22$297.65$297.89$289.20$289.711.23M
Sep 21$296.88$298.92$294.90$296.67649.90K

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