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PSA

295.80USD+0.32(+0.11%)Market Closed

Public Storage

Market Summary

USD295.80+0.32Market Closed
0.11%

PSA Alerts

PSA Stock Price

RSI Chart

Valuation

Market Cap

54.7B

Price/Earnings

24.01

Price/Sales

14.3

Price/Cashflow

19.08

MarketCap/EBT

66.95

Price/Sales

Profitability

Operating Margin

78.34%

EBT Margin

23.97%

Return on Equity

22.88%

Return on Assets

12.75%

Fundamentals

Revenue

Revenue (TTM)

4.0B

Revenue Y/Y

21.59%

Revenue Q/Q

5.43%

Earnings

Earnings (TTM)

4.6B

Earnings Y/Y

465%

Earnings Q/Q

323.49%

Price Action

52 Week Range

270.73402.58
(Low)(High)

Last 7 days

-0.5%

Last 30 days

-3.9%

Last 90 days

-11.3%

Trailing 12 Months

-3.9%

Financial Health

Debt/Equity

0.74

Debt/Cashflow

0.39

Investor Care

Dividend Yield

2.57%

Dividend/Share (TTM)

21.15

Shares Dilution (1Y)

0.16%

Diluted EPS (TTM)

24.6

Peers (Alternatives to Public Storage)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
-3.95% -3.86%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
4.54% -16.28%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
15.31% -29.64%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
6.98% -19.68%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
2.21% -19.28%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
5.25% 5.46%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
8.15% -6.36%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
9.42% -32.13%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
12.87% 20.67%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
5.10% -34.63%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
9.24% -24.88%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
5.18% 5.04%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-2.03% -18.22%
538.82
1.96
2.16% 107.41%
1.2B
-
4.66% 15.10%
5
3.44
120.87% 1462.96%

Financials for Public Storage

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue5.1%4,0183,8253,6223,4163,251
  S&GA Expenses-2.1%104106105101109
Net Income100.1%4,5562,2782,0341,9531,685
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.3%17,45117,86317,69917,38115,285
    Cash Equivalents-12.8%8841,014941735958
Liabilities-6.2%7,3307,8157,8967,9576,247
  Long Term Debt-8.2%6,7407,3417,4427,4755,773
Shareholder's Equity0.7%10,0279,9559,6999,3359,017
  Retained Earnings32.7%-122.63-182.21-436.10-550.42-771.11
  Additional Paid-In Capital0.5%5,8795,8495,8285,8225,809
Shares Outstanding0.1%175175175175175
Minority Interest0.0%9494212020
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations8.5%3,1102,8672,6912,5442,327
  Share Based Compensation-2.1%5758596059
Cashflow From Investing76.2%-819.94-3,439.62-5,448.32-5,563.51-3,780.64
Cashflow From Financing-313.3%-2,362.541,1073,5403,4982,119
  Buy Backs-20.5%8751,100

Risks

What is the probability of a big loss on PSA?

37.7%


Probability that Public Storage stock will be more than 20% underwater in next one year

8.8%


Probability that Public Storage stock will be more than 30% underwater in next one year.

0%


Probability that Public Storage stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PSA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Public Storage was unfortunately bought at previous high price.

Returns

Cumulative Returns on PSA

11.6%


10-Year Cumulative Returns

7.2%


7-Year Cumulative Returns

11.2%


5-Year Cumulative Returns

17.1%


3-Year Cumulative Returns

What are the long-term rolling returns for PSA?

FIve years rolling returns for Public Storage.

Which funds bought or sold PSA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Gould Capital, LLC
UNCHANGED
-
-13,000
194,000
0.17%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-65
4,000
-%
2022-11-23
Toroso Investments, LLC
ADDED
11.35
226,000
5,520,000
0.23%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
4,369,000
4,369,000
0.05%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
38.32
154,000
676,000
0.02%
2022-11-22
IHT Wealth Management, LLC
NEW
-
273,000
273,000
0.02%
2022-11-22
CVA Family Office, LLC
REDUCED
-40
-30,000
40,000
0.01%
2022-11-21
Ninepoint Partners LP
-
-
-16,000
236,000
0.03%
2022-11-21
FourThought Financial, LLC
-
-
-8,000
163,000
0.02%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-6,041,000
78,265,000
0.13%

1–10 of 46

Latest Funds Activity

Are funds buying PSA calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own PSA

Public Storage News

MarketWatch

Public Storage stock rises Friday, outperforms market.37 minutes ago

PSA Fair Value

Recent SEC filings of Public Storage

View All Filings
Date Filed Form Type Document
Nov 01, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report
Oct 03, 2022
4
Insider Trading
Oct 03, 2022
4
Insider Trading
Oct 03, 2022
4
Insider Trading
Oct 03, 2022
4
Insider Trading
Oct 03, 2022
4
Insider Trading
Oct 03, 2022
4
Insider Trading
Oct 03, 2022
4
Insider Trading
Sep 06, 2022
8-K
Current Report

Latest Insider Trading transactions for PSA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-09-30
Owen Rebecca L
ACQUIRED
33,673.1
292.81
115
-
2022-09-30
REYES JOHN
ACQUIRED
29,866.6
292.81
102
-
2022-09-30
Mitra Shankh
ACQUIRED
33,673.1
292.81
115
-
2022-09-30
WILLIAMS PAUL S
ACQUIRED
21,960.8
292.81
75
-
2022-09-30
SPOGLI RONALD P
ACQUIRED
35,137.2
292.81
120
-
2022-09-30
HAVNER RONALD L JR
ACQUIRED
29,866.6
292.81
102
-
2022-09-30
NEITHERCUT DAVID J
ACQUIRED
38,650.9
292.81
132
-
2022-08-22
GUSTAVSON TAMARA HUGHES
SOLD
-70,560.5
348.292
-202.59
-
2022-08-19
GUSTAVSON TAMARA HUGHES
SOLD
-431,993
351.955
-1,227.41
-
2022-08-18
GUSTAVSON TAMARA HUGHES
SOLD
-293,069
353.095
-830
-

1–10 of 50

Joseph D. Russell
5800
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 September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.

PSA Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Revenues$ 1,088,131$ 894,931$ 3,093,621$ 2,491,508
Expenses:    
Depreciation and amortization220,772188,552661,608508,139
General and administrative29,50131,68281,40178,996
Interest expense34,11323,736100,17860,980
Operating expenses561,428480,7041,636,4371,331,858
Other increases to net income:    
Interest and other income12,7363,35626,3949,321
Equity in earnings of unconsolidated real estate entities8,18032,860100,12981,382
Foreign currency exchange gain100,17040,906237,27073,584
Gain on sale of real estate1,5032791,50313,683
Gain on sale of equity investment in PS Business Parks, Inc.2,128,86002,128,8600
Net income2,778,152491,6283,951,3401,337,620
Allocation to noncontrolling interests(9,158)(1,537)(14,553)(4,067)
Net income allocable to Public Storage shareholders2,768,994490,0913,936,7871,333,553
Allocation of net income to:    
Preferred shareholders(48,678)(46,237)(145,716)(138,500)
Preferred shareholders - redemptions000(16,989)
Restricted share units(8,155)(1,527)(11,405)(3,678)
Net income allocable to common shareholders$ 2,712,161$ 442,327$ 3,779,666$ 1,174,386
Net income per common share:    
Basic (in USD per share)$ 15.47$ 2.53$ 21.57$ 6.72
Diluted (in USD per share)$ 15.38$ 2.52$ 21.44$ 6.70
Basic weighted average common shares outstanding (in shares)175,283174,926175,227174,787
Diluted weighted average common shares outstanding (in shares)176,328175,806176,325175,398
Self-storage facilities    
Revenues:    
Revenues$ 1,027,374$ 840,510$ 2,917,675$ 2,333,850
Expenses:    
Self-storage cost of operations255,470216,999738,953631,699
Ancillary operations    
Revenues:    
Revenues60,75754,421175,946157,658
Expenses:    
Ancillary cost of operations$ 21,572$ 19,735$ 54,297$ 52,044

PSA Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS  
Cash and equivalents$ 883,787$ 734,599
Real estate facilities, at cost:  
Land5,240,8415,134,060
Buildings18,535,05317,673,773
Real estate facilities, gross23,775,89422,807,833
Accumulated depreciation(8,346,598)(7,773,308)
Real estate facilities, net15,429,29615,034,525
Construction in process406,354272,471
Total real estate facilities15,835,65015,306,996
Investments in unconsolidated real estate entities252,648828,763
Goodwill and other intangible assets, net239,811302,894
Other assets239,024207,656
Total assets17,450,92017,380,908
LIABILITIES AND EQUITY  
Notes payable6,740,4517,475,279
Accrued and other liabilities589,712482,091
Total liabilities7,330,1637,957,370
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests068,249
Public Storage shareholders’ equity:  
Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 174,000 shares issued (in series) and outstanding, (164,000 at December 31, 2021) at liquidation preference4,350,0004,100,000
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,336,452 shares issued and outstanding (175,134,455 shares at December 31, 2021)17,53417,513
Paid-in capital5,878,7395,821,667
Accumulated deficit(122,631)(550,416)
Accumulated other comprehensive loss(96,470)(53,587)
Total Public Storage shareholders’ equity10,027,1729,335,177
Noncontrolling interests93,58520,112
Total equity10,120,7579,355,289
Total liabilities, redeemable noncontrolling interests and equity$ 17,450,920$ 17,380,908