Mostly Markets
Subscribe
Stocks/Real Estate/Self-Storage REITs

Public StoragePSA

Self-Storage REITs · Glendale, California · In the S&P 500
Solid business
$324.77+2.43%After hours: $324.77 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 12.3% over 1 year
Public Storage over 1 yearDaily close, $, to 30 Oct 2026
$260$280$300Nov2026MarMayJulSep$324.77$300NovMarJul$324.77
Source: Nasdaq daily closes
Market value$60.68B
Price to earnings34.0x
Forward P/E33.0x
Dividend yield3.69%
Year to date+25.2%
One year+12.3%
Next earningsNot scheduled
SectorReal Estate
52-week range (closes)
$258.44$330.47

Quality and valuation

How Public Storage compares with other real estate stocks. A description, not a recommendation.

Public Storage and 7 self-storage reits peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among real estate companies, priced about in line with them.

Public Storage trades at 33.0 times the next 12 months of expected earnings, against a median of 35.1x for the 30 real estate stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +5.2% vs +5.5%
  • Keeps more of its revenue as profit (net margin): 37.8% vs 22.2%
PSA trades at 33.0x forward earnings, below the sector medianForward p/e, Self-Storage REITs peers
AMT27.8xSPG31.4xPSA33.0xO34.7xPLD40.2xEQIX57.0xDLR76.9xWELL82.7xSector median 35.1xAMT27.8xSPG31.4xPSA33.0xO34.7xPLD40.2xEQIX57.0xDLR76.9xWELL82.7xSector median 35.1x
Source: CNBC quotes; Mostly Markets
At 34.0x earnings, PSA is pricier than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
25x30x35xAverage 30.6x2025202634.0x25x30x35xAverage 30.6x2025202634.0x
Source: Nasdaq prices; SEC filings

Financials

From Public Storage's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 11.6% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.4bnQ3 ’26$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.4bnQ3 ’26
Source: SEC filings
Growth sped up to +11.6% last quarterRevenue growth, year on year, %
0%5%10%Q4 ’24Q2 ’25Q4 ’2511.6%Q3 ’260%5%10%Q4 ’24Q2 ’25Q4 ’2511.6%Q3 ’26
Source: SEC filings
Operating margin was 23.2% last quarterOperating income as a share of revenue, %
0%20%40%Q2 ’2523.2%Q3 ’260%20%40%Q2 ’2523.2%Q3 ’26
Source: SEC filings
Diluted EPS was $1.69 last quarterQuarterly diluted earnings per share, $
$0$1$2$3Q4 ’24Q2 ’25Q4 ’25$1.69Q3 ’26$0$2Q4 ’24Q2 ’25Q4 ’25$1.69Q3 ’26
Source: SEC filings
Last 12 monthsPSASector median
Revenue growth+5.2%+5.5%
Price to earnings34.0x30.3x

Stories on Public Storage

We haven't written about Public Storage yet. Follow it, and its first story will show under My stocks on the front page.

Similar companies

Self-Storage REITs, by market value.

CompanyPriceTodayYTDValue
WELLWelltower$234.60+0.61%+26.4%$172B
PLDPrologis$127.98−0.03%+0.3%$122B
EQIXEquinix$1,013.70−2.22%+32.3%$100B
AMTAmerican Tower$187.78+1.02%+7.0%$87.09B
SPGSimon Property Group$217.75+0.94%+17.6%$70.45B
DLRDigital Realty$180.70−1.21%+16.8%$67.04B
ORealty Income$56.930.00%+1.0%$53.87B
VMRKVivmark Residential$61.90+0.24%−1.8%$47.90B