PSA - Public Storage Stock Price, Fair Value and News

268.63USD-4.57 (-1.67%)Delayed as of 08 May 2024, 12:59 pm ET

Market Summary

USD268.63-4.57

Delayedas of 08 May 2024, 12:59 pm

-1.67%

PSA Stock Price

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PSA RSI Chart

PSA Valuation

Market Cap

48.0B

Price/Earnings (Trailing)

22.45

Price/Sales (Trailing)

10.48

EV/EBITDA

16.53

Price/Free Cashflow

14.94

PSA Price/Sales (Trailing)

PSA Profitability

EBT Margin

47.39%

Return on Equity

21.3%

Return on Assets

10.91%

Free Cashflow Yield

6.7%

PSA Fundamentals

PSA Revenue

Revenue (TTM)

4.6B

Rev. Growth (Yr)

5.76%

Rev. Growth (Qtr)

-0.23%

PSA Earnings

Earnings (TTM)

2.1B

Earnings Growth (Yr)

-1.69%

Earnings Growth (Qtr)

15.86%

Breaking Down PSA Revenue

52 Week Range

268.63302.72

(Low)(High)

Last 7 days

5.3%

Last 30 days

-3.3%

Last 90 days

-2.8%

Trailing 12 Months

-8.1%

How does PSA drawdown profile look like?

PSA Financial Health

Debt/Equity

0.9

Debt/Cashflow

0.35

PSA Investor Care

Dividend Yield

4.39%

Dividend/Share (TTM)

Buy Backs (1Y)

0.05%

Diluted EPS (TTM)

11.01

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	4.6B	0	0	0
2023	4.3B	4.4B	4.4B	4.5B
2022	3.6B	3.8B	4.0B	4.2B
2021	3.0B	3.1B	3.2B	3.4B
2020	2.9B	2.9B	2.9B	2.9B
2019	2.8B	2.8B	2.8B	2.8B
2018	2.7B	2.7B	2.7B	2.8B
2017	2.6B	2.6B	2.6B	2.7B
2016	2.4B	2.5B	2.5B	2.6B
2015	2.2B	2.3B	2.3B	2.4B
2014	2.0B	2.1B	2.1B	2.2B
2013	1.9B	1.9B	1.9B	2.0B
2012	1.8B	1.8B	1.8B	1.8B
2011	1.7B	1.7B	1.7B	1.7B
2010	1.6B	1.6B	1.6B	1.6B
2009	1.7B	1.7B	1.6B	1.6B
2008	0	1.8B	1.7B	1.7B
2007	0	0	0	1.8B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Public Storage

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	havner ronald l jr	gifted	-	-	-696	-
Apr 01, 2024	havner ronald l jr	sold (taxes)	-87,096	286	-304	-
Mar 31, 2024	spogli ronald p	acquired	42,638	290	147	-
Mar 31, 2024	mitra shankh	acquired	33,356	290	115	-
Mar 31, 2024	reyes john	acquired	30,166	290	104	-
Mar 31, 2024	havner ronald l jr	acquired	30,166	290	104	-
Mar 31, 2024	neithercut david j	acquired	39,448	290	136	-
Mar 31, 2024	williams paul s	acquired	20,014	290	69.00	-
Mar 05, 2024	havner ronald l jr	back to issuer	-	-	-5,000	-
Mar 05, 2024	reyes john	back to issuer	-	-	-1,800	-

Which funds bought or sold PSA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	W.H. Cornerstone Investments Inc.	reduced	-16.42	-92,000	359,000	0.26%
May 06, 2024	SPINNAKER TRUST	added	111	5,836,070	11,632,000	0.75%
May 06, 2024	Envestnet Portfolio Solutions, Inc.	added	5.7	7,082	1,323,680	-%
May 06, 2024	IFG Advisory, LLC	sold off	-100	-229,206	-	-%
May 06, 2024	Candriam S.C.A.	added	27.59	635,412	3,613,570	0.02%
May 06, 2024	BBJS FINANCIAL ADVISORS, LLC	added	23.96	158,046	1,041,440	0.37%
May 06, 2024	Alexander Randolph Advisory, Inc.	unchanged	-	-11,996	232,919	0.20%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-3.37	-611,027	6,930,400	0.07%
May 06, 2024	SG Americas Securities, LLC	added	1,123	32,574,000	35,637,000	0.17%
May 06, 2024	TFG Advisers LLC	added	0.81	-29,672	689,291	0.27%

Are Funds Buying or Selling PSA?

Are funds buying PSA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PSA

No. of Funds

Unveiling Public Storage's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	cohen & steers, inc.	0.91%	1,607,706	SC 13G/A
Feb 13, 2024	vanguard group inc	11.79%	20,726,179	SC 13G/A
Jan 30, 2024	state street corp	6.51%	11,446,962	SC 13G/A
Jan 24, 2024	blackrock inc.	9.2%	16,202,474	SC 13G/A
Feb 14, 2023	cohen & steers, inc.	5.15%	9,044,538	SC 13G/A
Feb 09, 2023	vanguard group inc	11.74%	20,619,751	SC 13G/A
Jan 31, 2023	state street corp	6.47%	11,358,471	SC 13G/A
Jan 24, 2023	blackrock inc.	9.6%	16,781,174	SC 13G
Feb 14, 2022	cohen & steers, inc.	7.04%	12,350,095	SC 13G/A
Feb 11, 2022	state street corp	6.05%	10,610,525	SC 13G/A

Recent SEC filings of Public Storage

View All Filings

Date Filed	Form Type	Document
May 02, 2024	4	Insider Trading
Apr 30, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 23, 2024	4	Insider Trading
Apr 16, 2024	8-K	Current Report
Apr 11, 2024	424B5	Prospectus Filed
Apr 11, 2024	8-K	Current Report
Apr 10, 2024	4	Insider Trading
Apr 09, 2024	424B5	Prospectus Filed
Apr 09, 2024	FWP	Prospectus Filed

Peers (Alternatives to Public Storage)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.7B	11.2B	-4.62%	-6.12%	42.91	7.56	3.63%	50.79%
CCI	41.8B	6.8B	-4.58%	-17.37%	29.96	6.1	-2.39%	-16.60%
AVB	27.9B	2.8B	8.20%	8.63%	29.16	9.93	5.72%	-6.47%
ARE	20.9B	3.0B	-3.93%	-2.18%	106.61	7.09	10.44%	-73.79%
AMH	13.4B	-	1.39%	3.90%	31.65	8.24	8.93%	11.87%
REG	11.0B	1.4B	1.05%	-0.44%	29.39	8.02	10.48%	-2.93%
BXP	9.6B	3.3B	-0.78%	19.54%	50.23	2.92	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	3.38%	9.20%	35.86	7.43	5.48%	-38.69%
SLG	3.3B	892.3M	-0.89%	140.04%	-6.5	3.73	-5.33%	-307.54%
MAC	3.3B	884.1M	-5.40%	54.41%	-12	3.72	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	444.1M	6.11%	16.74%	19.54	3.02	3.54%	8.91%
AIV	1.2B	198.2M	5.61%	1.35%	-7.62	5.71	-43.33%	-270.70%
MFA	1.1B	650.2M	-3.45%	1.92%	35.5	1.67	27.93%	140.31%
NYMT	562.0M	285.4M	-13.60%	-37.59%	-4.08	1.97	11.05%	83.70%
IVR	442.4M	277.9M	3.16%	-10.49%	-27.9	1.59	44.33%	96.06%

Public Storage News

Latest updates

Public Storage Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.2%	1,157	1,160	1,144	1,120	1,094	1,089	1,088	1,032	973	924	895	829	767	749	735	713	719	717	729	711	689
Costs and Expenses	3.9%	703	676	615	566	568	541	561	536	539	482	481	441	410	372	395	401	392	347	371	362	354
S&GA Expenses	300.9%	21.00	5.00	29.00	25.00	17.00	-9.73	30.00	29.00	23.00	-3.03	32.00	28.00	20.00	30.00	18.00	17.00	18.00	10.00	17.00	15.00	20.00
EBITDA Margin	1.4%	0.75*	0.74*	1.23*	1.23*	1.26*	1.29*	0.74*	0.77*	0.79*	0.81*	0.48*	0.48*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.2%	68.00	69.00	58.00	38.00	36.00	36.00	34.00	33.00	33.00	30.00	24.00	22.00	15.00	14.00	14.00	14.00	14.00	13.00	13.00	12.00	8.00
Income Taxes	-	1.00	-	-	-	3.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	-	513	-	-	-	524	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBT Margin	-1.4%	0.47*	0.48*	0.99*	1.00*	1.02*	1.05*	0.49*	0.52*	0.54*	0.58*	0.25*	0.27*	-	-	-	-	-	-	-	-	-
Net Income	15.9%	509	439	613	578	518	412	2,769	654	514	620	490	410	433	351	325	315	366	387	398	370	367
Net Income Margin	-1.8%	0.47*	0.48*	0.48*	0.97*	1.01*	1.04*	1.13*	0.60*	0.56*	0.57*	0.52*	0.49*	-	-	-	-	-	-	-	-	-
Free Cashflow	-15.9%	666	792	876	882	697	736	927	798	656	729	684	621	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.0%	19,617	19,809	19,876	17,560	17,508	17,552	17,451	17,863	17,699	17,381	15,285	14,490	11,982	11,817	11,385	12,358	11,826	11,365	11,414	11,113	10,875
Cash Equivalents	-26.6%	272	370	630	652	695	775	884	1,014	941	735	958	481	160	258	294	1,268	718	410	541	360	218
Goodwill	0%	166	166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-1.3%	9,572	9,702	9,674	7,402	7,370	7,386	7,330	7,815	7,896	7,957	6,247	5,727	3,364	3,240	2,933	3,348	2,796	2,286	2,625	2,319	1,780
Long Term Debt	-0.4%	9,068	9,103	9,030	6,894	6,899	6,871	6,740	7,341	7,442	7,475	5,773	4,996	2,996	2,545	2,500	2,458	2,439	1,902	1,892	1,908	1,406
Shareholder's Equity	-0.6%	9,949	10,013	10,108	10,159	10,138	10,167	10,121	10,048	9,719	9,355	9,037	8,763	8,617	8,577	8,452	9,010	9,030	9,080	8,789	8,795	9,095
Retained Earnings	-25.4%	-336	-267	-130	-167	-168	-110	-122	-182	-436	-550	-771	-863	-877	-914	-867	-789	-701	-665	-650	-648	-615
Additional Paid-In Capital	0.2%	5,992	5,981	5,952	5,941	5,924	5,896	5,879	5,849	5,828	5,822	5,809	5,765	5,715	5,707	5,707	5,702	5,710	5,711	5,719	5,730	5,709
Shares Outstanding	0.0%	176	176	176	175	175	175	175	175	175	175	175	175	-	-	-	-	-	-	-	-	-
Minority Interest	3.1%	97.00	94.00	94.00	93.00	92.00	93.00	94.00	94.00	21.00	20.00	20.00	20.00	19.00	18.00	18.00	18.00	17.00	17.00	15.00	26.00	25.00
Float	-	-	-	-	43,991	-	-	-	47,055	-	-	-	45,156	-	-	-	29,117	-	-	-	35,489	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-15.9%	666	792	876	882	697	736	927	798	656	729	684	621	509	513	528	539	463	500	552	545	470
Share Based Compensation	0.9%	10.00	10.00	10.00	12.00	10.00	12.00	14.00	17.00	14.00	12.00	15.00	18.00	14.00	12.00	9.00	7.00	6.00	6.00	7.00	6.00	7.00
Cashflow From Investing	61.9%	-186	-490	-2,501	-334	-212	-432	2,148	-307	-288	-2,372	-471	-2,315	-403	-589	-103	-134	-289	-226	-257	-223	-189
Cashflow From Financing	-2.8%	-577	-561	1,604	-591	-563	-410	-3,205	-416	-161	1,420	265	2,016	-202	41.00	-1,399	147	135	-404	-114	-179	-423
Buy Backs	-	-	-	-	-	-	-	-	-	-	350	-	525	-	300	725	495	-	190	288	288	285

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PSA Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Revenues	$ 1,157,220	$ 1,094,232
Expenses:
Depreciation and amortization	285,203	221,650
Real estate acquisition and development expense	3,717	5,481
General and administrative	21,336	16,958
Interest expense	67,778	36,101
Operating expenses	702,517	568,481
Other increases (decreases) to net income:
Interest and other income	13,966	18,634
Equity in earnings of unconsolidated real estate entities	6,090	5,995
Foreign currency exchange gain (loss)	37,543	(26,860)
Gain on sale of real estate	874	0
Income before income tax expense	513,176	523,520
Income tax expense	(1,479)	(3,105)
Net income	511,697	520,415
Allocation to noncontrolling interests	(2,749)	(2,707)
Net income allocable to Public Storage shareholders	508,948	517,708
Allocation of net income to:
Preferred shareholders	(48,678)	(48,678)
Restricted share units and unvested LTIP units	(1,061)	(1,442)
Net income allocable to common shareholders	$ 459,209	$ 467,588
Net income per common share:
Basic (in USD per share)	$ 2.61	$ 2.67
Diluted (in USD per share)	$ 2.60	$ 2.65
Basic weighted average common shares outstanding (in shares)	175,700	175,451
Diluted weighted average common shares outstanding (in shares)	176,350	176,228
Self-storage facilities
Revenues:
Revenues	$ 1,086,045	$ 1,032,184
Expenses:
Self-storage cost of operations	297,414	268,615
Ancillary operations
Revenues:
Revenues	71,175	62,048
Expenses:
Ancillary cost of operations	$ 27,069	$ 19,676

PSA Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and equivalents	$ 271,645	$ 370,002
Real estate facilities, at cost:
Land	5,628,128	5,628,488
Buildings	21,970,032	21,836,750
Real estate facilities, gross	27,598,160	27,465,238
Accumulated depreciation	(9,671,521)	(9,423,974)
Real estate facilities, net	17,926,639	18,041,264
Construction in process	389,278	345,453
Total real estate facilities	18,315,917	18,386,717
Investments in unconsolidated real estate entities	389,048	390,180
Goodwill and other intangible assets, net	351,465	387,267
Other assets	289,310	275,050
Total assets	19,617,385	19,809,216
LIABILITIES AND EQUITY
Notes payable	9,067,890	9,103,277
Accrued and other liabilities	504,197	598,993
Total liabilities	9,572,087	9,702,270
Commitments and contingencies (Note 14)
Public Storage shareholders’ equity:
Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 174,000 shares issued (in series) and outstanding, (174,000 shares at December 31, 2023) at liquidation preference	4,350,000	4,350,000
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,723,561 shares issued and outstanding (175,670,727 shares at December 31, 2023)	17,572	17,567
Paid-in capital	5,991,606	5,980,760
Accumulated deficit	(336,003)	(267,910)
Accumulated other comprehensive loss	(74,513)	(67,239)
Total Public Storage shareholders’ equity	9,948,662	10,013,178
Noncontrolling interests	96,636	93,768
Total equity	10,045,298	10,106,946
Total liabilities and equity	$ 19,617,385	$ 19,809,216

About Public Storage

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 June 30, 2023, we had: (i) interests in 2,888 self-storage facilities located in 40 states with approximately 206 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 266 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.

CEO	Mr. Joseph D. Russell Jr.
WEBSITE	publicstorage.com
INDUSTRY	REIT Mortgage
EMPLOYEES	5900

Public Storage Frequently Asked Questions

What is the ticker symbol for Public Storage? What does PSA stand for in stocks?

PSA is the stock ticker symbol of Public Storage. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Public Storage (PSA)?

As of Tue May 07 2024, market cap of Public Storage is 48.02 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PSA stock?

You can check PSA's fair value in chart for subscribers.

What is the fair value of PSA stock?

You can check PSA's fair value in chart for subscribers. The fair value of Public Storage is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Public Storage is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PSA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Public Storage a good stock to buy?

The fair value guage provides a quick view whether PSA is over valued or under valued. Whether Public Storage is cheap or expensive depends on the assumptions which impact Public Storage's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PSA.

What is Public Storage's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, PSA's PE ratio (Price to Earnings) is 22.45 and Price to Sales (PS) ratio is 10.48. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PSA PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Public Storage's stock?

In the past 10 years, Public Storage has provided 0.081 (multiply by 100 for percentage) rate of return.