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Public Storage(NYSE) PSA

Current Price$316.60
Market Cap$54.73BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1982)+21,223%
5 Year+24%
1 Year+12%
1 Month-3%
Public Storage last closing stock price
MetricPriceDate
Last closeUSD 311.702026-07-22
Public Storage stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.95%USD 314.682026-07-15
1 month-2.66%USD 320.222026-06-22
3 month+1.21%USD 307.962026-04-23
Year to date+22.47%USD 254.522025-12-31
1 year+11.54%USD 279.442025-07-22
3 year+20.65%USD 258.342023-07-21
5 year+23.65%USD 252.082021-07-23
Since inception+21,222.87%USD 1.461982-10-01

Public Storage Financials at a Glance

Market Cap

$54.73BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$4.86B

Net Income (TTM)

$1.90B

EPS (TTM)

$9.69

P/E Ratio

32.17

Dividend

$12.00

Beta (Volatility)

0.60 (Low)

Price

$316.60

Volume

66,030.325

Open

$310.61

Previous Close

$311.70

Daily Range

$309.06 - $316.55

52-Week Range

$256.54 - $331.79

Estimated Earnings Date

Jul 29, 2026

PSA News

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Page 1

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About Public Storage

Public Storage helps people and businesses find extra space by renting out storage units. The company owns thousands of locations where customers can keep their personal belongings safely. It also offers insurance and sells supplies like boxes and locks to help with moving.

Inside the Orange Doors

  • Self-storage Operations: Rental of storage spaces on a month-to-month basis for personal or business use; includes 3,171 facilities across 40 states as of December 31, 2025.
  • Ancillary Services: Sale of merchandise such as locks and boxes at facilities to support customer storage needs.
  • Tenant Reinsurance: Insurance programs for tenants to cover losses to stored goods; managed 1.5 million certificates as of December 31, 2025.
  • Third-party Management: Management services for 362 storage facilities owned by other parties as of December 31, 2025.
  • Bridge Lending: Financing for other storage owners launched in 2024; held a loan balance of $142.1 million at the end of 2025.

New Ways to Grow

  • Launched a bridge lending program in 2024 to provide financing to third-party owners of storage properties.
  • Completed a reorganization in August 2023 to operate as an umbrella partnership real estate investment trust, or UPREIT.
  • Maintains a 35% interest in Shurgard, which operated 332 facilities in Western Europe as of December 31, 2025.
  • Acquires and develops new facilities to expand its physical footprint in major United States markets.

What Makes the Brand Stand Out

The company uses its large scale and a centralized technology platform to manage pricing and marketing across thousands of locations. Its digital eRental process allows three-quarters of new customers to complete their move-in using only a smartphone.

The Recent Numbers

  • Revenue reached $1.2 billion in Q4 2025, up 3.3% from the same period in 2024.
  • Net income hit $507.1 million in Q4 2025, down 17.5% from $614.6 million in Q4 2024.
  • Free cash flow was $633.5 million in Q4 2025, down 4.8% from the previous year.
  • Operating income hit $556.7 million in Q4 2025, up 0.6% year-over-year.

Bottom Line

Public Storage has moved beyond traditional property ownership to include digital leasing and financial services for other operators. This shift from simple rentals to a broad technology and lending platform marks its evolution in the real estate sector.

AI Generated • Apr 18, 2026

Industry

Specialized REITs

Sector

Real Estate

Employees

5,770

CEO

David G. Cramer

Website

www.nationalstorageaffiliates.com

Headquarters

Frisco, TX 91201, US

PSA Financials

Key Financial Metrics (TTM)

Gross Margin

60.63%

Operating Margin

50.85%

Net Income Margin

39.16%

Return on Equity

20.48%

Return on Capital

11.56%

Return on Assets

9.59%

Earnings Yield

3.11%

Dividend Yield

3.85%

Payout Ratio

1.52%

Stock Overview

Market Cap

$54.73BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

175.58M

Volume

66.03K

Avg. Volume

1.01M

Financials (TTM)

Gross Profit

$2.95B

Operating Income

$2.47B

EBITDA

$3.22B

Operating Cash Flow

$3.18B

Capital Expenditure

-$111.59M

Free Cash Flow

$3.06B

Cash & ST Invst.

$134.61M

Total Debt

$9.71B

Public Storage Performance Analysis

Public Storage annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 4,182,163,00022.4%
20232023-12-31USD 4,517,690,0008.0%
20242024-12-31USD 4,695,616,0003.9%
20252025-12-31USD 4,824,113,0002.7%
Public Storage sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-301.5%
Q32025-09-301.9%
Q42025-12-31-0.7%
Q12026-03-310.2%
Public Storage annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 23.50138.1%
20232023-12-31USD 11.06-52.9%
20242024-12-31USD 10.64-3.8%
20252025-12-31USD 9.01-15.3%
Public Storage sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-13.6%
Q32025-09-3048.9%
Q42025-12-31-0.8%
Q12026-03-314.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.22B

+2.9%

Gross Profit

$877.74M

+3.1%

Gross Margin

72.08%

N/A

Market Cap

$54.73BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$9.48M

N/A

Employees

5,770

N/A

Net Income

$526.27M

+29.1%

EBITDA

$743.48M

-3.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$134.61M

-53.1%

Total Debt

$9.71B

+3.0%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$9.71B

+3.0%

Short Term Debt

$0.00

N/A

Return on Assets

9.59%

N/A

Return on Invested Capital

12.77%

N/A

Free Cash Flow

$625.29M

-3.4%

Operating Cash Flow

$694.80M

-1.5%

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Questions About PSA

What is the current price of Public Storage?

Public Storage is trading at $315.03 per share.

What is the 52-week range for Public Storage?

Over the past 52 weeks, Public Storage has traded between $256.54 and $331.79.

How much debt does Public Storage have?

As of the most recent reporting period, Public Storage reported total debt of $10.03B.

How much cash does Public Storage have on hand?

Public Storage reported $134.61M in cash and cash equivalents in its most recent financial results.

What is Public Storage’s dividend yield?

Public Storage currently has a dividend yield of 3.85%.

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