Public Storage

PSA-PH · NYSE · Real Estate / REIT - Industrial

19.24USD-0.31 (-1.59%)

Price History

Full chart

Market Stats

Previous Close19.55

Open19.56

Day Range19.24 – 19.86

52-Week Range19.35 – 22.85

Volume25.64K

Market Cap36.39B

P/E (TTM)1.90

Forward P/E0.00

EPS10.29

Dividend Yield7.15%

Beta0.87

50-Day Avg20.09

200-Day Avg21.75

About

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2026, the firm: (i) owned and/or operated 4,764 self-storage facilities with approximately 339 million net rentable square feet located in 42 states, Puerto Rico and Canada and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 338 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage headquarters are 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: USD	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	23.20M	28.40M	29.80M	29.70M	34.50M	50.00M	70.00M	114.70M	147.20M	212.65M	339.00M	469.10M	553.75M	639.00M	706.23M	796.29M	850.48M	892.89M	958.16M	1.06B	1.38B	1.81B	136.20M	1.62B	1.61B	1.74B	1.84B	1.96B	2.18B	2.38B	2.56B	2.67B	2.76B	2.86B	2.92B	3.42B	4.18B	4.52B	4.70B	4.82B
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%	+31.39%	-92.49%	+1091.55%	-0.56%	+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	-	-	-	-	-	-	-	-	52.82M	72.70M	2.58M	1.79M	204.11M	211.85M	237.96M	279.56M	309.49M	340.87M	361.94M	378.26M	498.44M	657.74M	15.47M	520.91M	528.40M	560.51M	555.90M	559.76M	613.32M	635.50M	669.08M	707.98M	757.08M	813.15M	867.46M	920.60M	1.05B	1.15B	1.26B	3.62B
Gross Profit	23.20M	28.40M	29.80M	29.70M	34.50M	50.00M	70.00M	114.70M	94.38M	139.95M	338.55M	469.05M	349.65M	427.15M	468.27M	516.73M	540.99M	552.02M	596.21M	681.58M	882.57M	1.16B	120.73M	1.10B	1.09B	1.18B	1.29B	1.41B	1.56B	1.75B	1.89B	1.96B	2.00B	2.04B	2.05B	2.50B	3.13B	3.37B	3.44B	1.20B
Gross Margin	100.00%	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%	63.75%	88.64%	67.90%	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	-70.70M	35.89M	53.92M	73.91M	97.74M	331.94M	149.15M	133.32M	147.37M	190.31M	200.99M	201.70M	217.27M	522.23M	745.82M	36.48M	375.18M	392.73M	412.56M	414.62M	454.08M	508.57M	514.18M	516.97M	537.41M	588.36M	575.06M	636.46M	789.39M	959.82M	1.05B	1.24B	-1.05B
Operating Income	29.80M	37.60M	39.60M	37.20M	47.20M	75.80M	111.80M	185.40M	58.49M	86.03M	264.64M	371.31M	17.71M	278.00M	334.95M	369.36M	350.68M	351.03M	394.51M	464.31M	360.34M	410.94M	84.25M	726.83M	692.65M	762.81M	871.98M	951.10M	1.06B	1.23B	1.37B	1.42B	1.41B	1.47B	1.41B	1.71B	2.17B	2.32B	2.20B	2.25B
Operating Margin	128.45%	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%	22.65%	61.86%	44.79%	42.92%	43.94%	47.33%	48.40%	48.47%	51.73%	53.68%	53.33%	51.24%	51.38%	48.41%	49.94%	51.87%	51.33%	46.88%	46.73%
EBITDA	29.80M	37.60M	39.60M	39.10M	50.80M	84.70M	126.10M	209.60M	86.77M	126.79M	580.90M	831.70M	143.41M	433.20M	871.30M	524.93M	556.56M	564.55M	587.72M	660.47M	797.91M	1.10B	498.45M	1.17B	1.07B	1.22B	1.31B	1.45B	1.59B	1.74B	1.90B	1.92B	2.23B	2.08B	1.97B	2.78B	5.41B	3.34B	3.51B	3.25B
EBITDA Margin	128.45%	132.39%	132.89%	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%	60.49%	365.97%	72.06%	66.49%	70.04%	70.99%	73.86%	73.20%	73.24%	74.12%	71.79%	80.93%	73.00%	67.61%	81.27%	129.24%	73.98%	74.67%	67.29%
Net Income	10.00M	10.50M	11.60M	11.10M	12.00M	12.00M	15.10M	28.00M	42.12M	70.39M	153.50M	178.60M	227.02M	287.88M	297.09M	324.21M	318.74M	336.65M	366.21M	456.39M	314.03M	457.54M	935.18M	834.62M	672.04M	823.84M	939.26M	1.05B	1.14B	1.31B	1.45B	1.44B	1.71B	1.52B	1.36B	1.95B	4.35B	2.15B	2.07B	1.78B
Net Income Margin	43.10%	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%	25.22%	686.61%	51.43%	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.86M	4.13M	6.36M	10.47M	10.61M	10.01M	9.72M	8.19M	5.44M	6.85M	10.84M	8.40M	17.54M	0.48	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	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 Expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	63.67M	43.94M	29.92M	30.23M	24.22M	19.81M	6.44M	6.80M	600.00K	4.30M	12.69M	32.54M	45.64M	56.28M	90.77M	136.32M	201.13M	287.40M	304.50M
Interest Expense % of Total Revenue	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%	0.00%	3.51%	32.26%	1.84%	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: USD	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	245.10M	244.30M	255.60M	240.90M	270.80M	320.50M	401.70M	666.10M	820.31M	1.94B	2.57B	3.31B	3.40B	4.21B	4.51B	4.63B	4.84B	4.97B	5.20B	5.55B	11.20B	10.64B	9.94B	9.81B	9.50B	8.93B	8.79B	9.88B	9.82B	9.78B	10.13B	10.73B	10.93B	11.37B	11.82B	17.38B	17.55B	19.81B	19.75B	20.21B
Total Liabilities	86.40M	79.70M	93.70M	83.20M	81.90M	89.90M	61.40M	96.30M	91.30M	190.59M	149.91M	174.21M	145.24M	338.69M	256.91M	261.69M	245.19M	322.13M	345.92M	481.51M	2.48B	1.37B	856.16M	731.14M	774.19M	609.28M	670.54M	1.06B	311.50M	580.59M	688.68M	1.77B	1.78B	2.29B	3.24B	7.96B	7.39B	9.70B	9.94B	10.87B
Total Equity	158.70M	164.60M	161.90M	157.70M	175.60M	188.10M	253.70M	376.10M	587.79M	1.63B	2.31B	2.85B	3.12B	3.69B	3.72B	3.91B	4.16B	4.22B	4.43B	4.82B	8.21B	8.76B	8.72B	8.93B	8.68B	8.29B	8.12B	8.79B	9.48B	9.20B	9.44B	8.96B	9.14B	9.08B	8.58B	9.42B	10.17B	10.01B	9.71B	9.25B
Cash	1.00M	1.00M	12.00M	-	-	-	-	-	20.15M	80.44M	26.86M	41.45M	51.23M	55.13M	89.47M	49.35M	103.12M	204.83M	366.25M	493.50M	555.58M	245.44M	680.70M	763.79M	456.25M	139.01M	17.24M	19.17M	187.71M	104.28M	183.69M	433.38M	361.22M	409.74M	257.56M	734.60M	775.25M	370.00M	447.42M	318.10M
Total Debt	14.60M	8.40M	3.60M	80.00M	77.70M	85.20M	53.70M	84.10M	77.23M	158.05M	108.44M	103.56M	81.43M	167.34M	156.00M	168.55M	115.87M	76.03M	145.61M	149.65M	1.50B	1.07B	643.81M	518.89M	568.42M	398.31M	601.83M	839.05M	64.36M	348.00M	392.41M	1.44B	1.41B	1.90B	2.55B	7.98B	6.88B	9.10B	9.35B	10.25B
Net Debt	13.60M	7.40M	-8.40M	80.00M	77.70M	85.20M	53.70M	84.10M	57.08M	77.62M	81.59M	62.10M	30.20M	112.21M	66.54M	119.20M	12.74M	-128.80M	-220.64M	-343.85M	947.96M	824.48M	-36.89M	-244.90M	112.17M	259.31M	451.59M	819.88M	-123.35M	214.73M	207.06M	997.95M	1.05B	1.49B	2.29B	6.74B	6.10B	8.73B	8.91B	9.94B

Cash Flow

Currency: USD	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	12.60M	14.70M	13.10M	12.00M	15.50M	23.00M	32.50M	59.50M	79.18M	123.47M	245.20M	294.60M	388.41M	463.29M	525.77M	538.53M	591.28M	547.92M	595.32M	673.87M	775.40M	1.03B	1.08B	1.11B	1.09B	1.20B	1.29B	1.43B	1.60B	1.75B	1.95B	1.97B	2.06B	2.07B	2.04B	2.54B	3.12B	3.25B	3.13B	3.19B
Investing Cash Flow	-70.80M	-3.20M	100.00K	1.60M	-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	-261.88M	340.02M	-91.41M	-266.61M	-81.36M	-290.46M	-1.41B	-198.33M	-456.13M	-699.11M	-737.06M	-515.92M	-897.36M	-1.12B	-5.56B	1.12B	-3.54B	-1.00B	-1.69B
Financing Cash Flow	28.30M	-12.00M	-2.10M	-21.10M	-11.10M	-17.20M	-12.60M	81.70M	100.03M	185.49M	180.80M	128.40M	-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	-1.08B	3.50B	-4.19B	-112.93M	-2.08B	-1.63B
Capital Expenditure	0	0	0	1.70M	2.10M	1.30M	11.70M	73.30M	101.34M	119.69M	264.90M	311.00M	242.80M	344.90M	395.65M	223.27M	158.22M	132.60M	175.66M	366.69M	297.93M	264.21M	76.31M	62.35M	94.26M	88.94M	78.42M	159.91M	222.53M	294.07M	351.35M	120.59M	140.98M	187.31M	170.00M	270.24M	459.77M	461.14M	420.02M	289.38M
Free Cash Flow	12.60M	14.70M	13.10M	10.30M	13.40M	21.70M	20.80M	-13.80M	-22.16M	3.78M	-19.70M	-16.40M	145.61M	118.39M	130.12M	538.53M	591.28M	547.92M	595.32M	307.18M	477.47M	763.40M	1.00B	1.05B	998.96M	1.11B	1.21B	1.27B	1.38B	1.45B	1.59B	1.85B	1.92B	1.88B	1.87B	2.27B	2.66B	2.79B	2.71B	2.90B
Dividends Paid	15.60M	14.60M	15.30M	15.30M	7.60M	12.10M	14.20M	25.60M	38.09M	69.07M	136.30M	195.50M	211.40M	233.40M	388.88M	342.03M	391.73M	393.56M	432.68M	438.66M	533.86M	619.79M	755.29M	651.64M	754.77M	846.25M	959.15M	1.09B	1.20B	1.37B	1.51B	1.63B	1.61B	1.61B	1.61B	1.59B	3.91B	2.31B	2.30B	2.30B
FCF to OCF	100.00%	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 FCF	123.81%	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%

Key Statistics & Ratios

Market Cap36.39B

Enterprise Value20.73B

Trailing P/E1.90

Forward P/E0.00

Price / Sales7.53

Price / Book0.00

EPS10.29

Book Value52.36

Revenue (TTM)5.04B

Gross Profit (TTM)3.75B

EBITDA3.52B

Profit Margin37.68%

Operating Margin39.49%

Return on Equity15.60%

Return on Assets5.70%

Shares Outstanding0

Shares Float168.73M

Beta0.87

Dividend Yield7.15%

Dividend Rate1.40

Payout Ratio0.00%

Ownership Breakdown

Institutions: 22.33%
Insiders: 0.00%
Retail / Other: 77.67%

Top Institutional Holders

PNC Financial Services Group Inc
6870.00%
First Command Advisory Services, Inc.
4340.00%
Golden State Equity Partners
00.00%
Uniplan Investment Counsel, Inc.
00.00%

Dividends

20263×

0.35Sep 15, 20260.35Jun 15, 20260.35Mar 16, 2026

20254×

0.35Dec 15, 20250.35Sep 15, 20250.35Jun 12, 20250.35Mar 13, 2025

20244×

0.35Dec 13, 20240.35Sep 13, 20240.35Jun 12, 20240.35Mar 12, 2024

20234×

0.35Dec 12, 20230.35Sep 12, 20230.35Jun 13, 20230.35Mar 14, 2023

20224×

0.35Dec 13, 20220.35Sep 13, 20220.35Jun 14, 20220.35Mar 15, 2022

20214×

0.35Dec 14, 20210.35Sep 14, 20210.35Jun 14, 20210.35Mar 15, 2021

20201×

0.35Dec 14, 2020