Skip to Content

Public Storage PSA Stock Quote

| Rating as of


Last close prices updated as of Jun 05, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 283.15
  • Sector Real Estate
  • Industry REIT - Industrial
  • Investment Style Large Blend
  • Day Range 282.37  –  288.12
  • Year Range 270.13  –  357.13
  • Market Cap 49.7812 Bil
  • Volume / Avg 757,922.0 /  1.0 Mil
  • Price / Sales 11.60
  • Price / Book 8.74
  • Forward Div Yield 4.24%
  • Trailing Div Yield 8.88%

Morningstar‘s Stock Analysis PSA

Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Public Storage Earnings: Same-Store NOI Growth Should Moderate in Upcoming Quarters

Suryansh Sharma Equity Analyst

Analyst Note

| Suryansh Sharma |

No-moat-rated Public Storage achieved strong same-store NOI growth in the first quarter, but the growth should moderate in the upcoming quarters. The firm reported core funds from operations, or FFO, of $4.08 per share, 11.8% higher than the $3.65 per share FFO during the first quarter of 2022. If we exclude the contribution from the company’s equity investment in PS Business Parks, which was sold in July 2022, then core FFO grew by 16.2% in the first quarter. The company largely maintained its 2023 full-year core FFO guidance of $16.15 to $16.80 per share, representing around 3.5% growth at the midpoint when compared with the 2022 core FFO of $15.92. We are maintaining our $326 fair value estimate for the company after incorporating first-quarter results.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics PSA

Company Profile PSA

Business Description

Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,850 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.

701 Western Avenue
Glendale, CA, 91201-2349
Industry REIT - Industrial
Employees 5,900

Related Articles PSA

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of PSA’s competitive advantage.

Public Storage


Prologis Inc


Extra Space Storage Inc


Americold Realty Trust Inc

−$5.24 (1.82%) −$0.29 (0.23%) −$1.61 (1.10%) −$0.43 (1.44%)
Market Cap
49.78 Bil115.09 Bil19.51 Bil7.93 Bil
REIT - Industrial REIT - Industrial REIT - Industrial REIT - Industrial
Real Estate
Real Estate
Real Estate
Real Estate

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Public Storage Stock

Yes. PSA has a forward dividend yield of 4.24%. See PSA’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

PSA’s market cap is 49.78 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

PSA’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

PSA’s price/sales is 11.60.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

PSA’s price/forward earnings is 12.04.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

PSA’s price/book is 8.72.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See PSA’s valuation ratios compared to the Market Index.

PSA’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PSA’s historical performance against its industry peers and the overall market.