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Public Storage (PSA) Stock Analysis

Public Storage (PSA) is a REIT - Industrial stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

PSA

$298.31

−$3.45 (−1.14%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PSA Key Statistics

As of Oct 21, 2026
Trading
Open
$301.73
Previous Close
$301.76
Day's Range
296.99–303.00
52-Week Range
256.54–335.55
Volume
825.01K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.93
Valuation
Market Cap
$55.74B
P/E Ratio
28.49
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
30.03
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
4.04
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
11.35
EPS (ttm)Profit attributable to each share over the last twelve months.
10.47
Financials (FY)
Revenue (FY)
$4.82B+2.74%
Net Income (FY)
$1.78B−13.88%
Profit marginThe share of revenue left as profit after all costs and taxes.
41.63%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
186.85M
1-Year Return
+0.77%
Dividend and dates
Dividend
$12.00+3.98%
Ex-Dividend Date
September 15, 2026
Earnings Date
October 26, 2026
Avg Volume
918.39K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PSA closed at $298.31, +0.77% over 1 year.

Public Storage (PSA) has a market capitalization of $55.74B.

In fiscal 2025, PSA reported revenue of $4.82B.

PSA Stock Return by Calendar Year

Public Storage (PSA) 10-year return: what $10,000 became

1 year
$10,000 $10,077
+0.77%
5 years
$10,000 $11,560
+15.60%
10 years
$10,000 $21,147
+111.47%

If you had invested $10,000 in Public Storage (PSA) 10 years ago, at the close on October 21, 2016, it would have been worth $21,147 at the close on October 21, 2026: +111.47% in total, +7.78% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+18.41%
2025−9.69%
2024+2.09%
2023+13.60%
2022−20.20%
2021+66.63%
2020+12.69%
2019+8.96%
2018+0.62%
2017−2.89%
2016 (partial year)−2.33%

As of October 21, 2026.

PSA Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$4.82B$1.78B37.0%
2024$4.70B$2.07B44.1%
2023$4.52B$2.15B47.6%
2022$4.18B$4.35B104.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$4.82B$3.51B$2.26B$1.78B37.0%
2024$4.70B$3.44B$2.20B$2.07B44.1%
2023$4.52B$3.37B$2.32B$2.15B47.6%
2022$4.18B$3.13B$2.17B$4.35B104.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

PSA Dividend History

$12.00+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$9.003—
2025$12.004+0.0%
2024$12.004+0.0%
2023$12.004−43.3%
YearDividends per sharePaymentsChange
2026 (partial year)$9.003—
2025$12.004+0.0%
2024$12.004+0.0%
2023$12.004−43.3%
2022$21.155+164.4%
2021$8.004+0.0%
2020$8.004+0.0%
2019$8.004+0.0%
2018$8.004+0.0%
2017$8.004+300.0%
2016$2.001—

Most recent payment: $3.00 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PSA Valuation vs REIT - Industrial Median

Median of 15 stocks
MetricPSAREIT - Industrial medianvs median
P/E28.4928.360% above
P/S ratio11.358.4834% above
Profit margin41.63%28.05%13.6 pts above

Medians across 15 REIT - Industrial stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Public Storage (PSA) at $55.74B. The company sits in the Real Estate sector, in the REIT - Industrial industry. Headcount on file is 5,770.

The most recent close on file for PSA is $298.31, dated October 21, 2026. That is −$3.45 (−1.14%) against the previous close. Over the past 52 weeks the price has ranged from $256.54 to $335.55. The latest close sits 16.28% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $4.82B. Against the prior fiscal year total of $4.70B, that is a change of +2.74%. The same year closed with net income of $1.78B. That is −13.88% against the prior fiscal year. Profit margin runs at 41.63%. That is 13.6 percentage points above the REIT - Industrial median of 28.05%. Earnings per share on a trailing basis come to 10.47.

Across the 4 fiscal years on file, revenue moves from $4.18B in 2022 to $4.82B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 28.49. That is 0.46% above the REIT - Industrial median of 28.36. The forward P/E on file is 30.03. The PEG ratio, which sets the P/E against expected earnings growth, reads 4.04. The price-to-sales ratio is 11.35. On price-to-sales that is 33.82% above the REIT - Industrial median of 8.48. 15 REIT - Industrial companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +0.77%. Across 10 years the annualized return works out at +7.78%. The reported beta is 0.93. Daily returns over the trailing 10 years annualize to a volatility of 23.56%.

Growth & Income

Shareholders receive a dividend, yielding 3.98% on the latest price. That is 0.6 percentage points below the REIT - Industrial median yield of 4.58%. At the indicated rate that is $12.00 a share a year. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $9.00 a share. The year before, 2025, totalled $12.00 a share.

Across the complete calendar years on file, 2021 returned +66.63% and 2022 returned −20.20%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is +18.41% year to date.

Peer Comparison

Public Storage (PSA) operates in the REIT - Industrial industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Public Storage PSA $55.74B 28.5
Prologis, Inc. PLD $124.04B 28.4
Extra Space Storage Inc. EXR $30.87B 30.9
EastGroup Properties, Inc. EGP $10.93B 35.7

The REIT - Industrial industry average P/E ratio is 28.4x. Public Storage trades at a P/E of 28.5.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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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 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.

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