PSA Stock Price
PSA RSI Chart
PSA Valuation
PSA Price/Sales (Trailing)
PSA Profitability
PSA Fundamentals
PSA Revenue
PSA Earnings
Price Action
Last 7 days
4.1%
Last 30 days
-0.6%
Last 90 days
-6.1%
Trailing 12 Months
-17.7%
PSA Financial Health
PSA Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for PSA
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-04 | Johnson Natalia | sold (taxes) | -54,862 | 275 | -199 | chief administrative officer |
2023-06-30 | Owen Rebecca L | acquired | 32,106 | 291 | 110 | - |
2023-06-30 | NEITHERCUT DAVID J | acquired | 37,068 | 291 | 127 | - |
2023-06-30 | WILLIAMS PAUL S | acquired | 18,680 | 291 | 64.00 | - |
2023-06-30 | REYES JOHN | acquired | 30,063 | 291 | 103 | - |
2023-06-30 | HAVNER RONALD L JR | acquired | 30,063 | 291 | 103 | - |
2023-06-30 | Mitra Shankh | acquired | 32,106 | 291 | 110 | - |
2023-06-30 | SPOGLI RONALD P | acquired | 35,025 | 291 | 120 | - |
2023-05-27 | Vitan Nathaniel A. | sold (taxes) | -35,549 | 286 | -124 | chief legal officer |
2023-05-17 | HAVNER RONALD L JR | gifted | - | - | -5,104 | - |
Which funds bought or sold PSA recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 133 | 94,923 | 170,458 | 0.04% |
2023-09-05 | Delos Wealth Advisors, LLC | sold off | -100 | -7,856 | - | -% |
2023-08-29 | Garde Capital, Inc. | new | - | 438,000 | 438,000 | 0.04% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -1,456 | 30,729 | -% |
2023-08-28 | Willow Creek Wealth Management Inc. | added | 165 | 373,976 | 612,364 | 0.09% |
2023-08-25 | Gould Capital, LLC | reduced | -0.53 | -118,397 | 2,912,670 | 2.23% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -37,962 | 1,079,960 | 0.01% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 18.01 | 368,947 | 2,732,950 | -% |
2023-08-23 | CTC Alternative Strategies, Ltd. | new | - | 411,551 | 411,551 | 0.51% |
2023-08-23 | HEADINVEST, LLC | reduced | -2.24 | -22,200 | 287,494 | 0.06% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Public Storage
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 03, 2022 | blackrock inc. | 9.8% | 17,255,693 | SC 13G/A | |
| Aug 12, 2021 | hughes b wayne et al | 0.26% | 457,880 | SC 13D/A | |
| Aug 12, 2021 | gustavson tamara hughes | 10.1% | 17,654,967 | SC 13D | |
| Feb 16, 2021 | cohen & steers, inc. | 5.98% | 10,452,112 | SC 13G |
Recent SEC filings of Public Storage
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 13, 2023 | 8-K | Current Report | |
| Sep 11, 2023 | 8-K | Current Report | |
| Aug 15, 2023 | 15-12G | 15-12G | |
| Aug 15, 2023 | 25-NSE | 25-NSE | |
| Aug 14, 2023 | S-8 POS | Employee Benefits Plan | |
| Aug 14, 2023 | S-8 POS | Employee Benefits Plan | |
| Aug 14, 2023 | S-8 POS | Employee Benefits Plan | |
| Aug 14, 2023 | S-8 POS | Employee Benefits Plan | |
| Aug 14, 2023 | S-8 POS | Employee Benefits Plan | |
| Aug 14, 2023 | S-3ASR | S-3ASR |
Peers (Alternatives to Public Storage)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 38.3B | 5.1B | 4.66% | 16.87% | 89.57 | 7.47 | 13.73% | -68.04% |
EQR | 23.7B | 2.0B | -2.80% | -13.36% | 28.39 | 11.73 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -2.88% | -24.35% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.4B | 1.8B | -3.14% | -11.36% | 28.27 | 6.5 | 6.75% | -42.80% |
| MID-CAP | ||||||||
FRT | 8.0B | 1.1B | -0.05% | -2.78% | 20.52 | 7.18 | 8.31% | 38.10% |
KRG | 4.9B | 820.5M | 2.36% | 18.76% | 174.46 | 5.97 | 29.95% | 125.56% |
VNO | 4.8B | 1.8B | 19.34% | -3.76% | -12.91 | 2.63 | 5.60% | -286.96% |
MAC | 2.6B | 866.2M | 3.18% | 34.92% | -29.3 | 2.95 | 0.51% | -335.26% |
| SMALL-CAP | ||||||||
SLG | 2.7B | 882.0M | 26.91% | -3.95% | -6.14 | 3.08 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.74% | 52.60% | 25.73 | 5.71 | 1.38% | 137.97% |
PGRE | 1.1B | 732.3M | 10.97% | -25.39% | -13.41 | 1.56 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -9.99% | -19.55% | -5.79 | 3.02 | 88.48% | -168.70% |
Public Storage News
Returns for PSA
Cumulative Returns on PSA
9.7%
10-Year Cumulative Returns
6.6%
7-Year Cumulative Returns
8.6%
5-Year Cumulative Returns
12.5%
3-Year Cumulative Returns
Risks for PSA
What is the probability of a big loss on PSA?
51.9%
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.
Drawdowns
Financials for Public Storage
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.0% | 4,391 | 4,303 | 4,182 | 4,018 | 3,825 | 3,622 | 3,416 | 3,240 | 3,080 | 2,963 | 2,915 | 2,884 | 2,879 | 2,877 | 2,847 | 2,822 | 2,799 | 2,773 | 2,754 | 2,734 | 2,714 |
| Costs and Expenses | 1.3% | 2,254 | 2,224 | 2,192 | 2,131 | 2,050 | 1,955 | 1,826 | 1,704 | 1,618 | 1,578 | 1,560 | 1,535 | 1,511 | 1,472 | 1,434 | 1,408 | 1,393 | 1,381 | 1,378 | 1,362 | 1,332 |
| S&GA Expenses | -2.9% | 114 | 117 | 115 | 104 | 106 | 105 | 101 | 109 | 96.00 | 85.00 | 83.00 | 64.00 | 62.00 | 61.00 | 62.00 | 66.00 | 77.00 | 93.00 | 105 | 111 | 106 |
| EBITDA | - | - | - | - | - | - | - | 1,623 | 1,543 | 1,484 | 1,441 | 1,428 | 1,420 | 1,409 | 1,397 | 1,377 | 1,359 | 1,350 | 1,339 | - | - | - |
| EBITDA Margin | - | - | - | - | - | - | - | 0.48* | 0.47* | 0.48* | 0.49* | 0.49* | 0.49* | 0.49* | 0.49* | 0.48* | 0.48* | 0.48* | 0.48* | - | - | - |
| Interest Expenses | 3.7% | 144 | 139 | 136 | 130 | 120 | 109 | 91.00 | 75.00 | 66.00 | 58.00 | 56.00 | 55.00 | 53.00 | 51.00 | 46.00 | 41.00 | 36.00 | 33.00 | 33.00 | 33.00 | 27.00 |
| EBT Margin | - | - | - | - | - | - | - | 0.24* | 0.25* | 0.26* | 0.28* | 0.28* | 0.28* | 0.28* | 0.28* | 0.29* | 0.29* | 0.29* | 0.30* | - | - | - |
| Net Income | -1.7% | 4,277 | 4,353 | 4,349 | 4,556 | 2,278 | 2,034 | 1,953 | 1,685 | 1,520 | 1,424 | 1,357 | 1,393 | 1,466 | 1,521 | 1,522 | 1,722 | 1,704 | 1,739 | 1,717 | 1,520 | 1,499 |
| Net Income Margin | -100.0% | - | 1.01* | 1.04* | 1.13* | 0.60* | 0.56* | 0.57* | 0.52* | 0.49* | 0.48* | 0.47* | 0.48* | 0.51* | 0.53* | 0.53* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 3,158 | 3,117 | 3,110 | 2,867 | 2,691 | 2,544 | 2,327 | 2,171 | 2,089 | 2,043 | 2,030 | 2,055 | 2,061 | 2,068 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.3% | 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 | 10,928 | 10,748 | 10,693 |
| Cash Equivalents | -6.3% | 652 | 695 | 775 | 884 | 1,014 | 941 | 735 | 958 | 481 | 160 | 258 | 294 | 1,268 | 718 | 410 | 541 | 360 | 218 | 361 | 433 | 338 |
| Liabilities | 0.4% | 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 | 1,784 | 1,828 | 1,772 |
| Long Term Debt | -0.1% | 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 | 1,412 | 1,418 | 1,421 |
| Shareholder's Equity | -0.7% | 10,066 | 10,138 | 10,073 | 10,027 | 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 | 9,145 | 8,920 | 8,921 |
| Retained Earnings | 0.9% | -167 | -168 | -110 | -122 | -182 | -436 | -550 | -771 | -863 | -877 | -914 | -867 | -789 | -701 | -665 | -650 | -648 | -615 | -577 | -760 | -735 |
| Additional Paid-In Capital | 0.3% | 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 | 5,718 | 5,697 | 5,673 |
| Shares Outstanding | 0.0% | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 174 | 174 | 174 | 174 | 174 | 174 | 174 | 174 | 174 |
| Minority Interest | 0.3% | 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 | 25.00 | 25.00 | 25.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 2.7% | 3,243 | 3,158 | 3,117 | 3,110 | 2,867 | 2,691 | 2,544 | 2,327 | 2,171 | 2,089 | 2,043 | 2,030 | 2,055 | 2,061 | 2,068 | 2,060 | 2,100 | 2,075 | 2,064 | 2,042 | 1,987 |
| Share Based Compensation | -9.5% | 48.00 | 53.00 | 57.00 | 57.00 | 58.00 | 59.00 | 60.00 | 59.00 | 53.00 | 42.00 | 33.00 | 28.00 | 26.00 | 25.00 | 26.00 | 38.00 | 49.00 | 61.00 | 70.00 | 64.00 | 58.00 |
| Cashflow From Investing | -2.3% | 1,169 | 1,196 | 1,120 | -819 | -3,439 | -5,448 | -5,563 | -3,780 | -3,412 | -1,231 | -1,117 | -754 | -909 | -997 | -897 | -831 | -673 | -590 | -515 | -690 | -747 |
| Cashflow From Financing | -3.8% | -4,770 | -4,595 | -4,193 | -2,362 | 1,107 | 3,540 | 3,498 | 2,119 | 455 | -1,414 | -1,075 | -1,521 | -236 | -562 | -1,120 | -1,118 | -1,403 | -1,628 | -1,619 | -1,615 | -1,264 |
| Buy Backs | - | - | - | - | - | - | - | 875 | 1,100 | 2,067 | - | 1,520 | 1,880 | 1,297 | - | 1,050 | 1,147 | 1,145 | 1,140 | - | - | - |
PSA Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Revenues | $ 1,119,770 | $ 1,032,045 | $ 2,214,002 | $ 2,005,490 |
| Expenses: | ||||
| Depreciation and amortization | 222,133 | 218,708 | 443,783 | 440,836 |
| General and administrative | 25,434 | 28,831 | 50,978 | 51,900 |
| Interest expense | 38,079 | 32,941 | 74,180 | 66,065 |
| Operating expenses | 565,526 | 535,679 | 1,137,112 | 1,075,009 |
| Other increases (decreases) to net income: | ||||
| Interest and other income | 18,452 | 10,279 | 37,086 | 13,658 |
| Equity in earnings of unconsolidated real estate entities | 9,565 | 48,525 | 15,560 | 91,949 |
| Foreign currency exchange (loss) gain | (1,096) | 101,723 | (27,956) | 137,100 |
| Net income | 581,165 | 656,893 | 1,101,580 | 1,173,188 |
| Allocation to noncontrolling interests | (3,136) | (3,043) | (5,843) | (5,395) |
| Net income allocable to Public Storage shareholders | 578,029 | 653,850 | 1,095,737 | 1,167,793 |
| Allocation of net income to: | ||||
| Preferred shareholders | (48,673) | (48,673) | (97,351) | (97,038) |
| Restricted share units | (1,097) | (1,796) | (2,539) | (3,250) |
| Net income allocable to common shareholders | $ 528,259 | $ 603,381 | $ 995,847 | $ 1,067,505 |
| Net income per common share: | ||||
| Basic (in USD per share) | $ 3.01 | $ 3.44 | $ 5.68 | $ 6.09 |
| Diluted (in USD per share) | $ 3.00 | $ 3.42 | $ 5.65 | $ 6.05 |
| Basic weighted average common shares outstanding (in shares) | 175,484 | 175,229 | 175,428 | 175,200 |
| Diluted weighted average common shares outstanding (in shares) | 176,212 | 176,312 | 176,181 | 176,325 |
| Self-storage facilities | ||||
| Revenues: | ||||
| Revenues | $ 1,056,120 | $ 973,286 | $ 2,088,304 | $ 1,890,301 |
| Expenses: | ||||
| Self-storage cost of operations | 257,678 | 237,989 | 526,293 | 483,483 |
| Ancillary operations | ||||
| Revenues: | ||||
| Revenues | 63,650 | 58,759 | 125,698 | 115,189 |
| Expenses: | ||||
| Ancillary cost of operations | $ 22,202 | $ 17,210 | $ 41,878 | $ 32,725 |
PSA Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and equivalents | $ 651,665 | $ 775,253 |
| Real estate facilities, at cost: | ||
| Land | 5,315,098 | 5,273,073 |
| Buildings | 19,365,416 | 18,946,053 |
| Real estate facilities, gross | 24,680,514 | 24,219,126 |
| Accumulated depreciation | (8,966,878) | (8,554,155) |
| Real estate facilities, net | 15,713,636 | 15,664,971 |
| Construction in process | 449,931 | 372,992 |
| Total real estate facilities | 16,163,567 | 16,037,963 |
| Investments in unconsolidated real estate entities | 276,778 | 275,752 |
| Goodwill and other intangible assets, net | 212,022 | 232,517 |
| Other assets | 256,294 | 230,822 |
| Total assets | 17,560,326 | 17,552,307 |
| LIABILITIES AND EQUITY | ||
| Notes payable | 6,894,167 | 6,870,826 |
| Accrued and other liabilities | 507,588 | 514,680 |
| Total liabilities | 7,401,755 | 7,385,506 |
| 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 at December 31, 2022) at liquidation preference | 4,350,000 | 4,350,000 |
| Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,492,886 shares issued and outstanding (175,265,668 shares at December 31, 2022) | 17,549 | 17,527 |
| Paid-in capital | 5,940,945 | 5,896,423 |
| Accumulated deficit | (167,404) | (110,231) |
| Accumulated other comprehensive loss | (75,146) | (80,317) |
| Total Public Storage shareholders’ equity | 10,065,944 | 10,073,402 |
| Noncontrolling interests | 92,627 | 93,399 |
| Total equity | 10,158,571 | 10,166,801 |
| Total liabilities and equity | $ 17,560,326 | $ 17,552,307 |
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.