Public Storage Earnings: Pressured Profitability Overshadows Improvements in Demand
Public Storage reported third-quarter core funds from operations of $4.34 per share and same-store net operating income growth of 0.5% relative to last year.
Public Storage PSA
Bulls Say, Bears Say
Bulls
Public Storage’s commanding lead in supply-restricted West Coast markets will lead to consistent revenue growth in the long run.
Bears
Supply has increased over the past few years, which could significantly affect management’s ability to pass along rental price increases.
News
Public Storage Declares Fourth Quarter 2026 Dividends
Public Storage Prices Public Offering of $500 Million of Senior Notes at an Effective Interest Rate of 5.200%
Public Storage Reports Third Quarter 2026 Results and Raises Guidance
Public Storage to Release Third Quarter 2026 Earnings Results and Host Quarterly Conference Call
Public Storage Prices Public Offering of C$400 Million Senior Notes in its Inaugural Offering in the Canadian Market
Public Storage Completes Acquisition of Public Storage Canada
Public Storage to Acquire National Storage Affiliates in $5.6 Billion Stock Deal — Update
Articles & Videos
Trading Information
- Previous Close Price
- $342.76
- Day Range
- $336.19–345.89
- 52-Week Range
- $256.54–345.17
- Bid/Ask
- $337.05 / $340.57
- Shares Outstanding
- 186.84M
- Market Cap
- $63.62B
- Volume/Avg
- 2M / 876,660
Key Statistics
- Price/Earnings (Normalized)
- 34.58
- Price/Sales
- 12.08
- Dividend Yield (Trailing)
- 3.52%
- Dividend Yield (Forward)
- 3.52%
- Dividend Payment Schedule
- Mar, Jun, Oct, Dec
- Total Yield
- 3.52%
Company Profile
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 259 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.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Stock Style Box
- Mid Core
- Total Number of Employees
- 5,770
Competitors
Valuation
Metric | PSA | PLD | COLD |
|---|---|---|---|
Price/Earnings (Normalized) | 34.58 | 27.27 | 79.74 |
Price/Book Value | 6.50 | 2.19 | 1.48 |
Price/Sales | 12.08 | 13.19 | 1.72 |
Price/Cash Flow | 19.36 | 21.95 | 11.93 |
Price/Earnings
PSA
PLD
COLD
Financial Strength
Metric | PSA | PLD | COLD |
|---|---|---|---|
Quick Ratio | 0.56 | 0.64 | 0.41 |
Current Ratio | 0.56 | 0.79 | 0.41 |
Interest Coverage | 6.33 | 5.64 | −2.01 |
Quick Ratio
PSA
PLD
COLD
Profitability
Metric | PSA | PLD | COLD |
|---|---|---|---|
Return on Assets (Normalized) | 9.07% | 4.70% | 0.20% |
Return on Equity (Normalized) | 33.78% | 8.74% | 0.55% |
Return on Invested Capital (Normalized) | 10.52% | 6.03% | 2.28% |
Return on Assets
PSA
PLD
COLD
REIT - Industrial Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Prologis Inc PLD | LOCK|&MZkm! | LOCK|Z^! | $122B | |||
| Extra Space Storage Inc EXR | LOCK|W#y!%$qf | LOCK|KX | $33B | |||
| Segro PLC SEGXF | — | LOCK|qD | $17B | |||
| EastGroup Properties Inc EGP | — | LOCK|zSHY | $10B | |||
| CubeSmart CUBE | LOCK|pH&x@sk | LOCK|Y> | $10B | |||
| CapitaLand Ascendas REIT Units ACDSF | — | LOCK|X< | $9B | |||
| Lineage Inc REIT LINE | LOCK|?J%%wrs | LOCK|DT | $9B | |||
| Rexford Industrial Realty Inc REXR | — | LOCK|&?& | $8B | |||
| Americold Realty Trust Inc COLD | LOCK|#rv^!x | LOCK|?! | $5B |
United States