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Public Storage PSA
Real Estate - REIT - Industrial - NYSE - US
Watchlist
$ 296.67
-2.85 %
$ 52 B
Market Cap
27.05
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 23, 2025.

The intrinsic value of one PSA stock under the worst case scenario is HIDDEN Compared to the current market price of 297 USD, Public Storage is HIDDEN

PSA Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 23, 2025.

The intrinsic value of one PSA stock under the base case scenario is HIDDEN Compared to the current market price of 297 USD, Public Storage is HIDDEN

PSA Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 23, 2025.

The intrinsic value of one PSA stock under the best case scenario is HIDDEN Compared to the current market price of 297 USD, Public Storage is HIDDEN

PSA Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart PSA

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1M --%
6M -11%
1Y 17%
3Y -3%
5Y 99%
All
$350.0$350.0$340.0$340.0$330.0$330.0$320.0$320.0$310.0$310.0$300.0$300.0$290.0$290.0$280.0$280.0$270.0$270.0$260.0$260.0Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
FINANCIALS
4.7 B REVENUE
3.94%
Growth Rates
1Year 3.94%
3Years 11.19%
5Years 10.46%
7Years 8.41%
10Years 7.99%
3.33 B OPERATING INCOME
0.87%
Growth Rates
1Year 0.87%
3Years 24.99%
5Years 17.82%
7Years 12.92%
10Years 12.18%
2.08 B NET INCOME
-3.50%
Growth Rates
1Year -3.50%
3Years 2.08%
5Years 6.44%
7Years 5.34%
10Years 6.13%
3.13 B OPERATING CASH FLOW
-3.65%
Growth Rates
1Year -3.65%
3Years 7.14%
5Years 8.63%
7Years 6.79%
10Years 6.89%
-1 B INVESTING CASH FLOW
71.66%
Growth Rates
1Year 71.66%
3Years 43.52%
5Years -2.24%
7Years -4.44%
10Years -16.76%
-2.08 B FINANCING CASH FLOW
-1740.62%
Growth Rates
1Year -1740.62%
3Years -16.82%
5Years -13.15%
7Years -11.14%
10Years -5.43%
1.18 B REVENUE
-0.87%
Growth Rates
1Year 3.94%
3Years 11.19%
5Years 10.46%
7Years 8.41%
10Years 7.99%
834 M OPERATING INCOME
-0.73%
Growth Rates
1Year 0.87%
3Years 24.99%
5Years 17.82%
7Years 12.92%
10Years 12.18%
618 M NET INCOME
42.76%
Growth Rates
1Year -3.50%
3Years 2.08%
5Years 6.44%
7Years 5.34%
10Years 6.13%
769 M OPERATING CASH FLOW
-3.77%
Growth Rates
1Year -3.65%
3Years 7.14%
5Years 8.63%
7Years 6.79%
10Years 6.89%
-412 M INVESTING CASH FLOW
-92.96%
Growth Rates
1Year 71.66%
3Years 43.52%
5Years -2.24%
7Years -4.44%
10Years -16.76%
-509 M FINANCING CASH FLOW
9.17%
Growth Rates
1Year -1740.62%
3Years -16.82%
5Years -13.15%
7Years -11.14%
10Years -5.43%
Balance Sheet Public Storage
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Current Assets 447 M
Cash & Short-Term Investments 447 M
Receivables 0
Other Current Assets 0
Non-Current Assets 19.3 B
Long-Term Investments 382 M
PP&E 308 M
Other Non-Current Assets 18.6 B
94.24 %Total Assets$19.8b
Current Liabilities 588 M
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 588 M
Non-Current Liabilities 9.35 B
Long-Term Debt 9.35 B
Other Non-Current Liabilities 0
5.92 %94.08 %Total Liabilities$9.9b
EFFICIENCY
Earnings Waterfall Public Storage
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Revenue 4.7 B
Cost Of Revenue 1.26 B
Gross Profit 3.44 B
Operating Expenses 107 M
Operating Income 3.33 B
Other Expenses 1.25 B
Net Income 2.08 B
5b5b5b5b4b4b4b4b3b3b3b3b2b2b2b2b1b1b500m500m005b(1b)3b(107m)3b(1b)2bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
73.21% GROSS MARGIN
73.21%
Averages
1Year 73.21%
3Years 74.10%
5Years 73.12%
7Years 72.81%
10Years 73.03%
70.94% OPERATING MARGIN
70.94%
Averages
1Year 70.94%
3Years 65.30%
5Years 58.85%
7Years 56.70%
10Years 55.56%
44.39% NET MARGIN
44.39%
Averages
1Year 44.39%
3Years 65.31%
5Years 59.94%
7Years 59.28%
10Years 58.08%
21.46% ROE
21.46%
Averages
1Year 21.46%
3Years 28.70%
5Years 24.57%
7Years 22.63%
10Years 20.43%
10.55% ROA
10.55%
Averages
1Year 10.55%
3Years 15.39%
5Years 13.78%
7Years 13.99%
10Years 13.91%
17.34% ROIC
17.34%
Averages
1Year 17.34%
3Years 15.71%
5Years 13.90%
7Years 13.75%
10Years 13.69%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Public Storage
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4b4b3b3b3b3b2b2b2b2b1b1b500m500m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 2.08 B
Depreciation & Amortization 1.13 B
Capital Expenditures 0
Stock-Based Compensation 44.7 M
Change in Working Capital -29.8 M
Others -131 M
Free Cash Flow 3.13 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Public Storage
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Wall Street analysts predict an average 1-year price target for PSA of $334 , with forecasts ranging from a low of $289 to a high of $378 .
PSA Lowest Price Target Wall Street Target
289 USD -2.59%
PSA Average Price Target Wall Street Target
334 USD 12.48%
PSA Highest Price Target Wall Street Target
378 USD 27.41%
Price
Max Price Target
Min Price Target
Average Price Target
380380360360340340320320300300280280260260240240Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
1.10% DIVIDEND YIELD
3 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
20.0020.0018.0018.0016.0016.0014.0014.0012.0012.0010.0010.008.008.006.006.004.004.002.002.000.000.001.41.72222223331.71.8222222331.71.82222213.152331.76.5027.3028.0028.0028.0028.0028.00219.15311.00312.006.002015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership Public Storage
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
143 K USD 1
6-9 MONTHS
136 K USD 1
9-12 MONTHS
110 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
599 K USD 1
9-12 MONTHS
7. News
The Perfect Storm Is Forming For REIT Outperformance REITs have been in the doghouse for years. However, that could all be changing soon—don't miss the window. I also discuss one near-zero net debt REIT offers inflation protection, recession resistance, and deep value. seekingalpha.com - 2 weeks ago
7 Quality Dividend Stocks I'm Buying As Tariff Risks Remain The 90-day tariff pause offers short-term relief, but long-term trade uncertainty and recession risks persist, making it critical to stay vigilant and strategic. Despite market volatility, now is the time to deploy cash into high-quality, dividend-paying stocks rather than raising cash. Focus on buying opportunities in dividend growth stocks, while being cautious with REITs like ARE and REXR due to trade war impacts. seekingalpha.com - 2 weeks ago
Public Storage to Release First Quarter 2025 Earnings Results and Host Quarterly Conference Call GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2025 earnings results after the market close on Wednesday, April 30, 2025. A conference call is scheduled for Thursday, May 1, 2025, at 9:00 a.m. (PT) to discuss these results. Live conference call Domestic dial-in number: (877) 407-9039 International dial-in number: (201) 689-8470 Webcast: Event Calendar     Conference call replay Domestic dial-in number: (844) 512-2921 Internat. businesswire.com - 3 weeks ago
2 Dividend Stocks Every Investor Should Own to Thrive In This Market In the stock market's current volatile landscape, dividend investing shines as a superior investment strategy because of the stability and value it offers. 247wallst.com - 3 weeks ago
PSA Eyes Australian Market, Offers to Acquire Abacus Storage King PSA's plan for international expansion appears strategically aligned, as Australia and New Zealand offer an established, fast-growing self-storage market. zacks.com - 3 weeks ago
Ki Corporation and Public Storage Offer a Premium to Acquire Abacus Storage King GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation (“Ki”) and Public Storage (NYSE:PSA; the “Company”) (together, the “Consortium”) announced today the submittal of a non-binding indicative offer (NBIO) to acquire all of the outstanding stapled securities of Abacus Storage King (ASX:ASK) that are not already held by Ki or its subsidiaries (together, the “Ki Group”) for A$1.47 per stapled security. The Ki Group is currently ASK's major securityholder and each of Ki and Public Storage would have a. businesswire.com - 3 weeks ago
6 Dividend Growth Stocks I'm Buying As Tariffs Crush The Economy President Trump's tariffs are not negotiating tactics, but a protectionist move aimed at reversing globalization and boosting U.S. manufacturing, causing market selloffs. The tariffs will harm U.S. consumers and businesses, raising prices and potentially leading to a recession, with an average household impact of $3,800 annually. Big Tech stocks have been hit the hardest by the tariff threat, with the Nasdaq down nearly 16% and the Magnificent 7 down over 20%. seekingalpha.com - 3 weeks ago
Why Is Public Storage (PSA) Down 6.3% Since Last Earnings Report? Public Storage (PSA) reported earnings 30 days ago. What's next for the stock? zacks.com - 1 month ago
Here's Why it is Wise to Retain Public Storage in Your Portfolio Now High brand value, technological enhancements, strategic buyouts and a healthy balance sheet are key drivers for PSA. However, soft demand is a concern. zacks.com - 1 month ago
Public Storage Q4: Good REIT, Expensive At This Time Public Storage is the world's largest self-storage REIT, with a rising dividend and opportunity for capital appreciation. Q4 2024 results showed good performance but highlighted challenges in revenue growth post-Covid, making PSA expensive compared to peers. Despite the current premium valuation, the Company's proven business model and consistent dividend growth make it a viable long-term hold for income and capital appreciation. seekingalpha.com - 1 month ago
Public Storage Q4 FFO Misses Estimates, Same-Store Revenues Fall Y/Y PSA's Q4 results reflect lower same-store revenues on the back of lower occupancy, partially offset by higher realized annual rent per occupied square foot. zacks.com - 2 months ago
Public Storage (PSA) Reports Q4 Earnings: What Key Metrics Have to Say The headline numbers for Public Storage (PSA) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 months ago
8. Profile Summary

Public Storage PSA

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 52 B
Dividend Yield 1.10%
Description Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.
Contact 701 Western Avenue, Glendale, CA, 91201 https://www.publicstorage.com
IPO Date Nov. 18, 1980
Employees 5900
Officers Mr. H. Thomas Boyle III Senior Vice President, Chief Investment Officer & Chief Financial Officer Mr. Nathaniel A. Vitan Senior Vice President, Chief Legal Officer & Corporate Secretary Mr. Ryan C. Burke Vice President of Investor Relations Rear Admiral Christopher C. Sambar Senior Vice President & Chief Operating Officer Ms. Natalia N. Johnson Senior Vice President & Chief Administrative Officer Kenneth Q. Volk Jr. Founder Nicholas J. Kangas Executive Vice President of Finance & Accounting Mr. Michael Braine Chief Technology Officer Nathan A. Tan Senior Vice President of Human Resources Mr. Joseph D. Russell Jr. Chief Executive Officer, President & Trustee