PSA
Public Storage
$328.32
▲ 0.4%Updated Aug 7, 11:30 AM ET
PSA at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 54/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 9.4% over the last 12 months
Market Cap
$57.88B
P/E
30.3x
Forward P/E (est.)
31.37x
ROE
20.5%
Revenue Growth
2.9%
EPS Growth
-3.4%
Profit Margin
39.2%
FCF Yield
5.0%
Debt / Equity
1.11x
ROIC
6.0%
Interest Coverage
4.67x
Current Ratio
—
Dividend Yield
3.7%
Implied Growth (rev. DCF)
—
Rating Score
54/100
Public Storage (PSA) is a large-cap company in the Self-Storage REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $57.88B.
In its latest reported year it generated about $4.82B in revenue and $1.78B in net profit.
Our model rates PSA Neutral (54/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.
grew in 9 of the last 9 year-over-year periods
positive in 10 of 10 years
6.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what PSA's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. PSA trades near $328.32, above its 50-day average ($309.89) and 200-day average ($290.69). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 55 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. PSA's is $6.94 (~2.1% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month PSA found buyers near $302.94 (support) and sellers near $331.79 (resistance); its 52-week range is $256.54–$331.79. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
9.0%
Revenue moved from $2.56B in 2016 to $4.82B in 2025, a 7.3% compound annual growth rate. The most recent year was roughly flat (2.9%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
72.9%
Operating Margin
46.4%
Net Margin
37.0%
ROE
20.5%
Public Storage keeps about 39.2% of each sales dollar as net profit, with a 72.9% gross margin and 46.4% operating margin. Return on equity is 20.5% and return on invested capital about 6.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$9.71B
Net Debt
$9.57B
Net Debt / EBITDA
—
Debt / Equity
1.11x
Leverage: debt-to-equity is 1.1x, and operating profit covers interest about 4.7x. That is a moderate, manageable debt load for most businesses. It carries roughly $9.71B of total debt against $134.61M of cash.
Operating CF
$3.19B
Free Cash Flow
$3.19B
FCF Margin
66.1%
In the latest year Public Storage produced about $3.19B of operating cash flow and $3.19B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
3.7%
Per share (latest FY)
$12.00
Total paid (latest FY)
$2.30B
History on record
6 years
dividend uses 72% of free cash flow
129% of net income paid out
total dividends increased 2 years in a row
no cuts in the last 6 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
30.3x
P/S
11.65x
P/B
5.08x
EV / EBITDA
—
PSA trades at 30.3x trailing earnings (about 31.4x on estimated forward earnings), 11.7x sales, and 5.1x book value. That is a premium multiple that needs growth to justify it.
Where PSA sits versus its Real Estate sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 33 Real Estate companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How PSA stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (41 S&P 500 companies), PSA ranks #16 of 41 by our overall rating. It trades at roughly in line versus the sector on earnings (30.3x P/E vs. 32.4x median) with a higher return on equity (20.5% vs. 8.0%) and slower revenue growth (2.9% vs. 5.3%).
P/E vs sector
30.3x
median 32.4x
ROE vs sector
20.5%
median 8.0%
Growth vs sector
2.9%
median 5.3%
Sector rank
#16
of 41 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 41 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $328.32 today · expected CAGR -8% – 1%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $4.97B | $5.12B | $5.27B | $5.43B | $5.59B |
| Net income | $1.84B | $1.89B | $1.95B | $2.01B | $2.07B |
| EPS | $10.43 | $10.74 | $11.06 | $11.40 | $11.74 |
| Share price (low) | $187.72 | $193.35 | $199.15 | $205.13 | $211.28 |
| Share price (high) | $312.87 | $322.25 | $331.92 | $341.88 | $352.14 |
| CAGR (low–high) | -43% / -5% | -23% / -1% | -15% / 0% | -11% / 1% | -8% / 1% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for PSA:
- High net margins (39.2%) point to pricing power or efficiency.
- Strong return on equity (20.5%) shows capital is put to work well.
- Healthy free-cash-flow yield (~5.0%) funds buybacks and dividends.
- Pays a 3.7% dividend on top of any price gains.
The case against PSA:
- Revenue growth is slow (2.9%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 30.3x earnings, disappointing results could compress the multiple.
Balance-sheet risk — debt/equity of 1.1x magnifies the impact of higher rates or weaker earnings.
Growth risk — sluggish revenue (2.9%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Public Storage is a large-cap real estate business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 30.3x earnings, which our model scores Neutral (54/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 25 Wall Street analysts covering PSA recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more cautious over the last three months (-7 pts of buy ratings).
Latest SEC Filings
PSA's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
PSA — frequently asked questions
Is PSA a good stock to buy?
We don't give buy or sell advice. Our model rates Public Storage Neutral (54/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is PSA's rating on The Stocks School?
Public Storage currently scores 54/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does PSA's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Public Storage's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for PSA calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this PSA analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell PSA. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.