Public Storage

Public Storage

PSA · NYSE · Real Estate / REIT - Industrial

332.59USD-0.74 (-0.22%)

Price History

Full chart

Market Stats

Previous Close333.33
Open334.92
Day Range331.99 – 336.42
52-Week Range249.06 – 332.14
Volume1.05M
Market Cap57.93B
P/E (TTM)32.60
Forward P/E29.33
EPS9.51
Dividend Yield3.87%
Beta0.93
50-Day Avg298.91
200-Day Avg302.49

About

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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. H. Thomas Boyle III
  • Employees5.77K
  • Headquarters2811 Internet Boulevard, Frisco, TX, United States, 75034, USA
  • Websitehttps://www.publicstorage.com

Leadership

  • Mr. H. Thomas Boyle IIICEO & Trustee · b. 1984
  • Ms. Natalia N. JohnsonPresident and Chief Digital & Transformation Officer · b. 1978
  • Mr. Joseph D. Russell Jr.Consultant · b. 1960
  • Mr. Joseph D. Fisher CFAPresident & CFO · b. 1980
  • Mr. Steven H. LentinExecutive Vice President of Operations
  • Nicholas J. KangasExecutive VP of Finance & Accounting
  • Mr. Michael BraineChief Technology Officer
  • Mr. Brandon Tyler ReaganDirector of Investor Relations
  • Mr. Samuel Wade SheekChief Legal Officer & Corporate Secretary · b. 1977
  • Mr. Ayash BasuChief Revenue & Marketing Officer

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue23.20M28.40M29.80M29.70M34.50M50.00M70.00M114.70M147.20M212.65M339.00M469.10M553.75M639.00M706.23M796.29M850.48M892.89M958.16M1.06B1.38B1.34B1.38B1.32B1.61B1.74B1.84B1.96B2.18B2.38B2.56B2.67B2.76B2.86B2.92B3.42B4.18B4.52B4.70B4.82B
Growth (%)-+22.41%+4.93%-0.34%+16.16%+44.93%+40.00%+63.86%+28.33%+44.47%+59.42%+38.38%+18.05%+15.39%+10.52%+12.75%+6.81%+4.99%+7.31%+10.61%+30.30%-3.00%+2.68%-3.69%+21.82%+7.57%+6.14%+6.65%+10.81%+9.39%+7.51%+4.22%+3.41%+3.46%+2.10%+17.18%+22.43%+8.02%+3.94%+2.74%
Cost of Revenue--------52.82M72.70M2.58M1.79M204.11M211.85M237.96M279.56M309.49M340.87M361.94M378.26M498.44M657.74M15.47M520.91M528.40M560.51M555.90M559.76M613.32M635.50M669.08M707.98M757.08M813.15M867.46M920.60M1.05B1.15B1.26B3.62B
Gross Profit23.20M28.40M29.80M29.70M34.50M50.00M70.00M114.70M94.38M139.95M338.55M469.05M349.65M427.15M468.27M516.73M540.99M552.02M596.21M681.58M882.57M1.16B120.73M1.10B1.09B1.18B1.29B1.41B1.56B1.75B1.89B1.96B2.00B2.04B2.05B2.50B3.13B3.37B3.44B1.20B
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%64.12%65.81%99.87%99.99%63.14%66.85%66.31%64.89%63.61%61.82%62.22%64.31%63.91%86.35%8.78%83.19%67.26%67.71%69.83%71.51%71.83%73.32%73.87%73.47%72.56%71.52%70.24%73.05%74.82%74.59%73.21%24.96%
Operating Expense-6.60M-9.20M-9.80M-7.50M-12.70M-25.80M-41.80M-70.70M35.89M53.92M73.91M97.74M331.94M149.15M133.32M147.37M190.31M200.99M201.70M217.27M522.23M745.82M36.48M375.18M392.73M412.56M414.62M454.08M508.57M514.18M516.97M537.41M588.36M575.06M636.46M789.39M855.34M1.05B1.24B-1.05B
Operating Income29.80M37.60M39.60M37.20M47.20M75.80M111.80M185.40M58.49M86.03M264.64M371.31M17.71M278.00M334.95M369.36M350.68M351.03M394.51M464.31M360.34M410.94M84.25M726.83M692.65M762.81M871.98M951.10M1.06B1.23B1.37B1.42B1.41B1.47B1.41B1.71B2.27B2.32B2.20B2.25B
Operating Margin128.45%132.39%132.89%125.25%136.81%151.60%159.71%161.64%39.74%40.46%78.06%79.15%3.20%43.51%47.43%46.38%41.23%39.31%41.17%43.81%26.09%30.68%6.13%54.87%42.92%43.94%47.33%48.40%48.47%51.73%53.68%53.33%51.24%51.38%48.41%49.94%54.37%51.33%46.88%46.73%
EBITDA31.20M39.50M41.60M39.10M50.80M84.70M126.10M209.60M86.77M126.79M580.90M831.70M143.41M433.20M871.30M524.93M556.56M564.55M587.72M660.47M797.91M1.10B498.45M1.17B1.07B1.22B1.31B1.45B1.59B1.74B1.90B1.92B2.23B2.08B1.97B2.78B3.16B3.34B3.51B3.25B
EBITDA Margin134.48%139.08%139.60%131.65%147.25%169.40%180.14%182.74%58.95%59.62%171.36%177.30%25.90%67.79%123.37%65.92%65.44%63.23%61.34%62.32%57.78%81.93%36.24%88.27%66.49%70.04%70.99%73.86%73.20%73.24%74.12%71.79%80.93%73.00%67.61%81.27%75.61%73.98%74.67%67.29%
Net Income10.00M10.50M11.60M11.10M12.00M12.00M15.10M28.00M42.12M70.39M153.50M178.60M227.02M287.88M297.09M324.21M318.74M336.65M366.21M456.39M314.03M457.54M935.18M834.62M672.04M823.84M939.26M1.05B1.14B1.31B1.45B1.44B1.71B1.52B1.36B1.95B4.35B2.15B2.07B1.78B
Net Income Margin43.10%36.97%38.93%37.37%34.78%24.00%21.57%24.41%28.61%33.10%45.28%38.07%41.00%45.05%42.07%40.71%37.48%37.70%38.22%43.06%22.74%34.15%67.99%63.00%41.64%47.46%50.98%53.56%52.55%55.06%56.77%54.05%62.00%53.26%46.56%57.18%103.99%47.55%44.13%36.99%
R&D--------------------1.78M--05.86M4.13M6.36M10.47M10.61M10.01M9.72M8.19M5.44M6.85M10.84M8.40M17.54M0.48--
R&D as % of Total Revenue--------------------0.13%--0.00%0.36%0.24%0.34%0.53%0.49%0.42%0.38%0.31%0.20%0.24%0.37%0.25%0.42%0.00%--
Interest Expense00000000000000000000063.67M43.94M29.92M30.23M24.22M19.81M6.44M6.80M600.00K4.30M12.69M32.54M45.64M56.28M90.77M136.32M201.13M287.40M304.50M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%4.75%3.19%2.26%1.87%1.40%1.08%0.33%0.31%0.03%0.17%0.48%1.18%1.60%1.93%2.66%3.26%4.45%6.12%6.31%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets245.10M244.30M255.60M240.90M270.80M320.50M401.70M666.10M820.31M1.94B2.57B3.31B3.40B4.21B4.51B4.63B4.84B4.97B5.20B5.55B11.20B10.64B9.94B9.81B9.50B8.93B8.79B9.88B9.82B9.78B10.13B10.73B10.93B11.37B11.82B17.38B17.55B19.81B19.75B20.21B
Total Liabilities86.40M79.70M93.70M83.20M81.90M89.90M61.40M96.30M91.30M190.59M149.91M174.21M145.24M338.69M256.91M261.69M245.19M322.13M345.92M481.51M2.48B1.37B856.16M731.14M774.19M609.28M670.54M1.06B311.50M580.59M688.68M1.77B1.78B2.29B3.24B7.96B7.39B9.70B9.94B10.87B
Total Equity158.70M164.60M161.90M157.70M175.60M188.10M253.70M376.10M587.79M1.63B2.31B2.85B3.12B3.69B3.72B3.91B4.16B4.22B4.43B4.82B8.21B8.76B8.72B8.93B8.72B8.29B8.12B8.79B9.51B9.20B9.44B8.96B9.14B9.08B8.58B9.42B10.17B10.01B9.71B9.25B
Cash1.00M1.00M12.00M-----20.15M80.44M26.86M41.45M51.23M55.13M89.47M49.35M103.12M204.83M366.25M493.50M555.58M245.44M680.70M763.79M456.25M139.01M17.24M19.17M187.71M104.28M183.69M433.38M361.22M409.74M257.56M734.60M775.25M370.00M447.42M318.10M
Total Debt14.60M8.40M3.60M80.00M77.70M85.20M53.70M84.10M77.23M158.05M108.44M103.56M81.43M167.34M156.00M168.55M115.87M76.03M145.61M149.65M1.50B1.07B643.81M518.89M568.42M398.31M601.83M839.05M64.36M348.00M392.41M1.44B1.41B1.90B2.55B7.98B6.88B9.10B9.35B10.25B
Net Debt13.60M7.40M-8.40M80.00M77.70M85.20M53.70M84.10M57.08M77.62M81.59M62.10M30.20M112.21M66.54M119.20M12.74M-128.80M-220.64M-343.85M947.96M824.48M-36.89M-244.90M112.17M259.31M451.59M819.88M-123.35M214.73M207.06M997.95M1.05B1.49B2.29B6.74B6.10B8.73B8.91B9.94B

Cash Flow

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow12.60M14.70M13.10M12.00M15.50M23.00M32.50M59.50M79.18M123.47M245.20M294.60M388.41M463.29M525.77M538.53M591.28M547.92M595.32M673.87M775.40M1.03B1.08B1.11B1.09B1.20B1.29B1.43B1.60B1.75B1.95B1.97B2.06B2.07B2.04B2.54B3.12B3.25B3.13B3.19B
Investing Cash Flow-70.80M-3.20M100.00K1.60M-8.20M-6.00M-20.00M-139.00M-169.59M-248.67M-479.60M-408.30M-365.51M-452.21M-465.46M-306.06M-325.79M-205.13M-157.64M-453.15M-495.89M-261.88M340.02M-91.41M-266.61M-81.36M-290.46M-1.41B-198.33M-456.13M-699.11M-737.06M-515.92M-897.36M-1.12B-5.56B1.12B-3.54B-1.00B-1.69B
Financing Cash Flow28.30M-12.00M-2.10M-21.10M-11.10M-17.20M-12.60M81.70M100.03M185.49M180.80M128.40M-13.13M-7.18M-25.97M-272.60M-211.72M-241.08M-276.25M-102.97M-228.09M-1.06B-984.08M-938.40M-1.13B-1.44B-1.12B-16.16M-1.24B-1.39B-1.15B-992.22M-1.62B-1.12B-1.08B3.50B-4.19B-112.93M-2.08B-1.63B
Capital Expenditure0001.70M2.10M1.30M11.70M73.30M101.34M119.69M264.90M311.00M242.80M344.90M395.65M223.27M158.22M132.60M175.66M366.69M297.93M264.21M76.31M62.35M94.26M88.94M78.42M159.91M222.53M294.07M351.35M120.59M140.98M187.31M170.00M270.24M459.77M461.14M420.02M289.38M
Free Cash Flow12.60M14.70M13.10M10.30M13.40M21.70M20.80M-13.80M-22.16M3.78M-19.70M-16.40M145.61M118.39M130.12M538.53M591.28M547.92M595.32M307.18M477.47M763.40M1.00B1.05B998.96M1.11B1.21B1.27B1.38B1.45B1.59B1.85B1.92B1.88B1.87B2.27B2.66B2.79B2.71B2.90B
Dividends Paid15.60M14.60M15.30M15.30M7.60M12.10M14.20M25.60M38.09M69.07M136.30M195.50M211.40M233.40M388.88M342.03M391.73M393.56M432.68M438.66M533.86M619.79M755.29M651.64M754.77M846.25M959.15M1.09B1.20B1.37B1.51B1.63B1.61B1.61B1.61B1.59B3.91B2.31B2.30B2.30B
FCF to OCF100.00%100.00%100.00%85.83%86.45%94.35%64.00%-23.19%-27.98%3.06%-8.03%-5.57%37.49%25.55%24.75%100.00%100.00%100.00%100.00%45.58%61.58%74.29%92.91%94.40%91.38%92.61%93.90%88.82%86.12%83.18%81.94%93.89%93.17%90.94%91.68%89.38%85.25%85.80%86.57%90.92%
Dividend Paid to FCF123.81%99.32%116.79%148.54%56.72%55.76%68.27%-185.51%-171.92%1827.79%-691.88%-1192.07%145.19%197.14%298.86%63.51%66.25%71.83%72.68%142.80%111.81%81.19%75.48%62.03%75.56%75.93%79.45%85.91%86.93%94.28%94.47%88.02%83.88%85.56%85.77%69.89%147.08%82.76%85.00%79.51%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999May 1, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Jun 30, 2001Nov 8, 2001Mar 14, 2002May 9, 2002Jul 15, 2002Nov 8, 2002Mar 17, 2003May 9, 2003Aug 5, 2003Nov 6, 2003Feb 27, 2004May 6, 2004Aug 5, 2004Nov 4, 2004Mar 3, 2005May 5, 2005Jul 29, 2005Oct 27, 2005Feb 6, 2006May 4, 2006Aug 2, 2006Nov 2, 2006Feb 27, 2007May 3, 2007Aug 3, 2007Nov 8, 2007Feb 28, 2008May 8, 2008Aug 7, 2008Nov 6, 2008Feb 26, 2009May 7, 2009Aug 6, 2009Nov 5, 2009Feb 26, 2010May 6, 2010Aug 5, 2010Nov 4, 2010Feb 25, 2011May 5, 2011Aug 4, 2011Nov 3, 2011Feb 23, 2012May 3, 2012Aug 2, 2012Nov 8, 2012Feb 21, 2013May 9, 2013Aug 1, 2013Oct 31, 2013Feb 20, 2014May 1, 2014Jul 31, 2014Oct 30, 2014Feb 19, 2015Apr 30, 2015Jul 29, 2015Oct 28, 2015Feb 16, 2016Apr 26, 2016Jul 27, 2016Oct 26, 2016Feb 22, 2017Apr 26, 2017Jul 26, 2017Oct 25, 2017Feb 20, 2018Apr 25, 2018Aug 1, 2018Oct 30, 2018Feb 26, 2019May 1, 2019Jul 30, 2019Oct 29, 2019Feb 25, 2020Apr 30, 2020Aug 5, 2020Nov 4, 2020Feb 24, 2021Apr 28, 2021Aug 3, 2021Nov 1, 2021Feb 22, 2022May 3, 2022Aug 4, 2022Nov 1, 2022Feb 21, 2023May 3, 2023Aug 2, 2023Oct 30, 2023Feb 20, 2024Apr 30, 2024Jul 30, 2024Oct 30, 2024Feb 18, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 12, 2026Apr 27, 2026Jul 29, 2026Oct 26, 2026Nov 4, 2026
EPS Estimate--------0.62-----0.390.37---0.69-0.29-0.310.290.340.330.370.360.440.460.750.620.510.330.18-0.29-0.25-0.270.310.390.240.580.620.480.570.610.580.570.640.740.740.650.790.850.990.840.981.071.150.971.131.251.361.121.231.321.421.191.411.531.711.481.681.771.891.641.791.891.981.671.831.852.111.711.821.912.011.711.641.721.941.801.942.172.172.332.542.752.652.672.892.782.732.452.562.602.552.392.552.542.502.424.254.274.28
EPS Actual0.260.320.370.350.340.390.410.390.340.350.370.570.340.390.410.210.370.300.320.200.270.340.390.300.170.370.380.460.400.470.620.510.480.550.15-0.48-0.030.130.510.602.640.400.420.720.600.801.030.700.210.361.070.710.870.770.690.960.730.771.111.220.941.201.341.411.011.261.341.641.231.521.581.741.391.611.782.031.621.591.611.921.652.001.852.171.731.761.931.871.791.411.411.672.211.972.523.172.633.423.312.062.792.983.202.212.392.592.562.512.422.582.622.602.474.174.34-
Surprise---------45.16%-----4.36%-43.46%----71.01%-17.24%--3.23%-41.38%8.82%15.15%24.32%11.11%6.82%34.78%-32.00%-22.58%7.84%-54.55%-366.67%89.66%152.00%288.89%93.55%576.92%66.67%-27.59%16.13%25.00%40.35%68.85%20.69%-63.16%-43.75%44.59%-4.05%33.85%-2.53%-18.82%-3.03%-13.10%-21.43%3.74%6.09%-3.09%6.19%7.20%3.68%-9.82%2.44%1.52%15.49%3.36%7.80%3.27%1.75%-6.08%-4.17%0.56%7.41%-1.22%-11.17%-14.81%-3.03%-1.20%9.29%0.00%2.84%1.17%-3.30%1.05%-6.97%4.68%-14.02%-18.02%-13.92%22.78%1.55%16.13%46.08%12.88%34.65%20.36%-22.26%4.49%3.11%15.11%-19.05%-2.45%1.17%-1.54%-1.60%1.26%1.18%3.15%4.00%2.07%-1.88%1.64%-
Timing--------After-hours-----------------After-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap57.93B
Enterprise Value74.73B
Trailing P/E32.60
Forward P/E29.33
PEG Ratio4.18
Price / Sales11.50
Price / Book5.97
EPS9.51
Book Value52.36
Revenue (TTM)5.04B
Gross Profit (TTM)3.65B
EBITDA3.50B
Profit Margin37.72%
Operating Margin39.10%
Return on Equity15.60%
Return on Assets5.62%
Shares Outstanding186.84M
Shares Float168.73M
Beta0.93
Dividend Yield3.87%
Dividend Rate12.00
Payout Ratio74.07%

Analyst Ratings

Hold
Based on 22 analystsTarget 330.50
  • Strong Buy
    4
  • Buy
    2
  • Hold
    16

Ownership Breakdown

Institutions
83.81%
Insiders
9.56%
Retail / Other
6.63%

Top Institutional Holders

  • BlackRock Inc
    17.26M9.24%
  • Vanguard Portfolio Management, LLC
    13.61M7.28%
  • Vanguard Capital Management, LLC
    10.32M5.53%
  • State Street Corp
    10.13M5.42%
  • Capital Research & Mgmt Co - Division 3
    9.50M5.08%
  • T. Rowe Price Associates, Inc.
    5.72M3.06%
  • Cohen & Steers Inc
    5.24M2.80%
  • NORGES BANK
    4.34M2.32%
  • Geode Capital Management, LLC
    4.26M2.28%
  • Charles Schwab Investment Management Inc
    3.32M1.78%
  • JPMorgan Chase & Co
    3.15M1.69%
  • FMR Inc
    3.08M1.65%
  • Amvescap Plc.
    2.53M1.36%
  • Northern Trust Corp
    2.28M1.22%
  • Dimensional Fund Advisors, Inc.
    2.28M1.22%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    6.35M3.40%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.34M2.86%
  • American Funds Washington Mutual A
    5.17M2.77%
  • Vanguard 500 Index Investor
    4.41M2.36%
  • Vanguard MStar Mid Cap Index Instl
    3.60M1.93%

Dividends

20263×
3.00Sep 15, 20263.00Jun 15, 20263.00Mar 16, 2026
20254×
3.00Dec 15, 20253.00Sep 15, 20253.00Jun 12, 20253.00Mar 13, 2025
20244×
3.00Dec 13, 20243.00Sep 13, 20243.00Jun 12, 20243.00Mar 12, 2024
20234×
3.00Dec 12, 20233.00Sep 12, 20233.00Jun 13, 20233.00Mar 14, 2023
20225×
2.00Dec 13, 20222.00Sep 13, 202213.15Jul 29, 20222.00Jun 14, 20222.00Mar 15, 2022
20214×
2.00Dec 14, 20212.00Sep 14, 20212.00Jun 14, 20212.00Mar 15, 2021