Accessibility Menu
Public Storage logo

Public Storage(NYSE) PSA

Market Cap$59.20BMarket 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)+21,616%
5 Year+26%
1 Year+15%
1 Month-0%
$324.97
+2.37%
+7.52Today
After hours$324.26-$0.71 (-0.22%)
Public Storage last closing stock price
MetricPriceDate
Last closeUSD 317.452026-07-30
Public Storage stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.77%USD 315.012026-07-23
1 month-0.27%USD 318.312026-06-30
3 month+6.25%USD 298.772026-05-01
Year to date+24.72%USD 254.522025-12-31
1 year+14.54%USD 277.152025-07-30
3 year+27.23%USD 249.502023-07-31
5 year+26.46%USD 251.022021-07-30
Since inception+21,616.21%USD 1.461982-10-01

Public Storage Financials at a Glance

Market Cap

$59.20BMarket 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)

$4.89B

Net Income (TTM)

$2.04B

EPS (TTM)

$10.49

P/E Ratio

30.27

Dividend

$12.00

Beta (Volatility)

0.59 (Low)

Price

$324.97

Volume

1,379,826.618

Open

$318.16

Previous Close

$324.17

Daily Range

$313.55 - $326.26

52-Week Range

$256.54 - $335.55

Estimated Earnings Date

Nov 4, 2026

PSA News

Exterior of several self-storage buildings.

3 Best Self-Storage REITs for 2026 and How to Invest

Matt DiLalloJul 8, 2026
private_reits_three_people_having_a_meeting

Private REITs: Benefits, Risks, and Investment Insights

Matt Frankel, CFP®Jul 7, 2026
office_building_commercial_real_estate

The Largest Real Estate Companies by Market Cap in July 2026

Lyle DalyJul 3, 2026
reit-stocks

REITs vs. Stocks: Everything You Need to Know

Matt DiLalloApr 15, 2026
Blue up-trending stock chart.

What Is Volume-Weighted Average Price (VWAP)?

Matt DiLalloAug 17, 2025
GettyImages-2161806397

1 Magnificent S&P 500 Dividend Stock Down 30%: 4 Reasons to Buy Public Storage in 2025 and Hold Forever

Josh Kohn-LindquistJan 12, 2025
stock market person studying computer

This Top 4%-Yielding Dividend Stock Believes It's a Great Buy Right Now

Matt DiLalloAug 4, 2024
Self Storage 2023

These 2 Stocks Have Their Highest Dividend Yields in a Decade. Time to Buy?

Matt Frankel, CFP®Apr 30, 2024
Page 1

PSA: Motley Fool Moneyball Superscore

65

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

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 75034, US

PSA Financials

Key Financial Metrics (TTM)

Gross Margin

60.36%

Operating Margin

48.30%

Net Income Margin

41.80%

Return on Equity

22.12%

Return on Capital

11.56%

Return on Assets

10.16%

Earnings Yield

3.30%

Dividend Yield

3.78%

Payout Ratio

1.41%

Stock Overview

Market Cap

$59.20BMarket 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

186.48M

Volume

1.38M

Avg. Volume

1.04M

Financials (TTM)

Gross Profit

$2.95B

Operating Income

$2.36B

EBITDA

$3.38B

Operating Cash Flow

$3.17B

Capital Expenditure

$13.26M

Free Cash Flow

$3.19B

Cash & ST Invst.

$259.94M

Total Debt

$10.18B

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
Q32025-09-301.9%
Q42025-12-31-0.7%
Q12026-03-310.2%
Q22026-06-301.2%
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
Q32025-09-3048.9%
Q42025-12-31-0.8%
Q12026-03-314.2%
Q22026-06-30-5.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$1.23B

+2.6%

Gross Profit

$888.78M

+0.6%

Gross Margin

72.09%

N/A

Market Cap

$59.20BMarket 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

$10.26M

N/A

Employees

5,770

N/A

Net Income

$499.96M

+39.5%

EBITDA

$878.19M

+22.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$259.94M

-76.5%

Total Debt

$10.18B

-2.5%

Accounts Receivable

$173.30M

N/A

Inventory

$0.00

N/A

Long Term Debt

$0.00

-100.0%

Short Term Debt

$10.18B

N/A

Return on Assets

10.16%

N/A

Return on Invested Capital

25.44%

N/A

Free Cash Flow

$937.95M

+14.8%

Operating Cash Flow

$868.44M

-0.5%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
ORealty Income Corporation
$63.87-0.87%
DLRDigital Realty Trust, Inc.
$188.52-2.42%
SPGSimon Property Group, Inc.
$229.37-0.46%
CBRECBRE Group, Inc.
$146.81-1.77%

Trending Stocks

Symbol / CompanyPricePrice Chg
NVDANvidia
$200.75+0.03%
AAPLApple
$308.91-0.07%
AMZNAmazon
$271.58+0.15%
INTCIntel
$90.20-0.01%

Questions About PSA

What is the current price of Public Storage?

Public Storage is trading at $324.17 per share.

What is the 52-week range for Public Storage?

Over the past 52 weeks, Public Storage has traded between $256.54 and $335.55.

How much debt does Public Storage have?

As of the most recent reporting period, Public Storage reported total debt of $10.18B.

How much cash does Public Storage have on hand?

Public Storage reported $259.94M 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 3.78%.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services