PSA - Public Storage Stock Price, Fair Value and News

259.86USD-0.52 (-0.20%)Delayed as of 22 Apr 2024, 10:55 am ET

Market Summary

USD259.86-0.52

Delayedas of 22 Apr 2024, 10:55 am

-0.20%

PSA Stock Price

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PSA RSI Chart

PSA Valuation

Market Cap

45.8B

Price/Earnings (Trailing)

21.3

Price/Sales (Trailing)

10.13

EV/EBITDA

16.3

Price/Free Cashflow

14.09

PSA Price/Sales (Trailing)

PSA Profitability

EBT Margin

48.05%

Return on Equity

21.45%

Return on Assets

10.85%

Free Cashflow Yield

7.1%

PSA Fundamentals

PSA Revenue

Revenue (TTM)

4.5B

Rev. Growth (Yr)

6.55%

Rev. Growth (Qtr)

1.4%

PSA Earnings

Earnings (TTM)

2.1B

Earnings Growth (Yr)

6.53%

Earnings Growth (Qtr)

-28.37%

Breaking Down PSA Revenue

52 Week Range

259.37302.72

(Low)(High)

Last 7 days

-4.3%

Last 30 days

-7.7%

Last 90 days

-10.8%

Trailing 12 Months

-9.5%

How does PSA drawdown profile look like?

PSA Financial Health

Debt/Equity

0.91

Debt/Cashflow

0.36

PSA Investor Care

Dividend Yield

4.61%

Dividend/Share (TTM)

Shares Dilution (1Y)

0.24%

Diluted EPS (TTM)

11.06

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

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S&P 500 Index: $12,922
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Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

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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
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	williams paul s	acquired	20,014	290	69.00	-
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 05, 2024	reyes john	back to issuer	-	-	-1,800	-
Mar 05, 2024	havner ronald l jr	back to issuer	-	-	-5,000	-
Mar 04, 2024	havner ronald l jr	gifted	-	-	-5,242	-

Which funds bought or sold PSA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	SteelPeak Wealth, LLC	added	15.08	256,495	2,972,820	0.15%
Apr 18, 2024	West Oak Capital, LLC	unchanged	-	-5,000	276,000	0.12%
Apr 18, 2024	Hexagon Capital Partners LLC	reduced	-50.00	-14.00	313	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	added	0.57	-3,000	51,000	0.01%
Apr 18, 2024	Phocas Financial Corp.	sold off	-100	-1,394,000	-	-%
Apr 18, 2024	Successful Portfolios LLC	unchanged	-	-12,012	233,208	0.16%
Apr 18, 2024	Naviter Wealth, LLC	added	13.37	214,742	2,960,350	0.48%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-6,245	121,245	-%
Apr 18, 2024	SILVERLAKE WEALTH MANAGEMENT LLC	added	13.82	66,484	872,153	0.44%
Apr 18, 2024	Main Line Retirement Advisors, LLC	added	1.06	-16,881	414,505	0.33%

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
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
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

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	79.9B	11.1B	-11.94%	-16.63%	58.47	7.17	4.04%	-19.43%
CCI	41.4B	7.0B	-8.87%	-24.96%	27.55	5.92	-0.07%	-10.36%
AVB	26.2B	2.8B	0.30%	6.36%	28.18	9.45	6.73%	-18.30%
ARE	19.9B	2.9B	-8.38%	-6.65%	191.73	6.89	11.46%	-80.13%
AMH	12.8B	1.6B	-2.62%	6.17%	29.55	7.95	7.80%	39.39%
REG	10.8B	1.3B	-3.14%	-3.60%	29.55	8.15	8.04%	-24.50%
BXP	9.4B	3.3B	-6.63%	15.11%	49.67	2.89	5.31%	-77.32%
MID-CAP
FRT	8.3B	1.1B	-1.33%	2.80%	34.93	7.31	5.38%	-38.52%
MAC	3.3B	884.1M	-10.11%	54.70%	-12.03	3.73	2.90%	-314.82%
SLG	3.2B	899.4M	-6.40%	107.66%	-5.69	3.57	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.46%	15.40%	19.75	2.9	4.38%	15.77%
AIV	1.1B	198.2M	1.56%	-2.62%	-7.2	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-9.30%	1.07%	13.28	1.76	25.53%	134.62%
NYMT	635.9M	258.7M	-4.65%	-31.33%	-13.07	2.46	0.11%	83.70%
IVR	399.3M	277.9M	-12.53%	-21.90%	-25.18	1.44	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.4%	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	692
Costs and Expenses	9.7%	674	615	566	572	541	561	536	539	482	481	441	410	372	395	401	392	347	371	362	354	321
S&GA Expenses	-96.4%	1.00	29.00	25.00	26.00	-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	14.00
EBITDA Margin	-	0.74*	-	0.42*	0.43*	0.44*	0.45*	0.46*	0.47*	0.48*	0.48*	0.48*	0.49*	0.49*	-	-	-	-	-	-	-	-
Interest Expenses	17.6%	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	8.00
EBT Margin	-	0.48*	-	0.19*	0.19*	0.20*	0.20*	0.21*	0.23*	0.24*	0.25*	0.27*	0.28*	0.28*	-	-	-	-	-	-	-	-
Net Income	-28.4%	439	613	578	518	412	2,769	654	514	620	490	410	433	351	325	315	366	387	398	370	367	588
Net Income Margin	-0.3%	0.48*	0.48*	0.97*	1.01*	1.04*	1.13*	0.60*	0.56*	0.57*	0.52*	0.49*	0.48*	-	-	-	-	-	-	-	-	-
Free Cashflow	-9.6%	792	876	882	697	736	927	798	656	729	684	621	509	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.3%	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	10,928
Cash Equivalents	-41.2%	370	630	652	695	775	884	1,014	941	735	958	481	160	258	294	1,268	718	410	541	360	218	361
Liabilities	0.3%	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	1,784
Long Term Debt	0.8%	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	1,412
Shareholder's Equity	-0.9%	10,013	10,108	10,159	10,138	10,073	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	9,145
Retained Earnings	-105.2%	-267	-130	-167	-168	-110	-122	-182	-436	-550	-771	-863	-877	-914	-867	-789	-701	-665	-650	-648	-615	-577
Additional Paid-In Capital	0.5%	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	5,718
Shares Outstanding	0.1%	176	176	175	175	175	175	175	175	175	175	175	175	-	-	-	-	-	-	-	-	-
Minority Interest	-0.5%	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	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-9.6%	792	876	882	697	736	927	798	656	729	684	621	509	513	528	539	463	500	552	545	470	492
Share Based Compensation	7.8%	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	18.00
Cashflow From Investing	80.4%	-490	-2,501	-334	-212	-432	2,148	-307	-288	-2,372	-471	-2,315	-403	-589	-103	-134	-289	-226	-257	-223	-189	-161
Cashflow From Financing	-135.0%	-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	-402
Buy Backs	-	-	-	-	-	-	-	-	-	350	-	525	-	300	725	495	-	190	288	288	285	-

PSA Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Revenues	$ 4,517,690	$ 4,182,163	$ 3,415,824
Expenses:
Depreciation and amortization	970,056	888,146	713,428
Real estate acquisition and development expense	26,451	28,744	12,923
General and administrative	80,632	71,672	75,966
Interest expense	201,132	136,319	90,774
Operating expenses	2,426,217	2,177,788	1,813,689
Other increases (decreases) to net income:
Interest and other income	85,590	40,567	12,306
Equity in earnings of unconsolidated real estate entities	27,897	106,981	232,093
Foreign currency exchange (loss) gain	(51,197)	98,314	111,787
Gain on sale of real estate	17,178	1,503	13,683
Gain on sale of equity investment in PS Business Parks, Inc.	0	2,128,860	0
Income before income tax expense	2,170,941	4,380,600	1,972,004
Income tax expense	(10,821)	(14,326)	(12,365)
Net income	2,160,120	4,366,274	1,959,639
Allocation to noncontrolling interests	(11,793)	(17,127)	(6,376)
Net income allocable to Public Storage shareholders	2,148,327	4,349,147	1,953,263
Allocation of net income to:
Preferred shareholders	(194,703)	(194,390)	(186,579)
Preferred shareholders - redemptions (Note 10)	0	0	(28,914)
Restricted share units	(4,883)	(12,469)	(5,326)
Net income allocable to common shareholders	$ 1,948,741	$ 4,142,288	$ 1,732,444
Net income per common share:
Basic (in USD per share)	$ 11.11	$ 23.64	$ 9.91
Diluted (in USD per share)	$ 11.06	$ 23.50	$ 9.87
Basic weighted average common shares outstanding (in shares)	175,472	175,257	174,858
Diluted weighted average common shares outstanding (in shares)	176,143	176,280	175,568
Self-storage facilities
Revenues:
Revenues	$ 4,259,613	$ 3,946,028	$ 3,203,566
Expenses:
Self-storage cost of operations	1,061,950	980,209	852,030
Ancillary operations
Revenues:
Revenues	258,077	236,135	212,258
Expenses:
Ancillary cost of operations	$ 85,996	$ 72,698	$ 68,568

PSA Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and equivalents	$ 370,002	$ 775,253
Real estate facilities, at cost:
Land	5,628,488	5,273,073
Buildings	21,836,750	18,946,053
Real estate facilities, gross	27,465,238	24,219,126
Accumulated depreciation	(9,423,974)	(8,554,155)
Real estate facilities, net	18,041,264	15,664,971
Construction in process	345,453	372,992
Total real estate facilities	18,386,717	16,037,963
Investments in unconsolidated real estate entities	390,180	275,752
Goodwill and other intangible assets, net	387,267	232,517
Other assets	275,050	230,822
Total assets	19,809,216	17,552,307
LIABILITIES AND EQUITY
Notes payable	9,103,277	6,870,826
Accrued and other liabilities	598,993	514,680
Total liabilities	9,702,270	7,385,506
Commitments and contingencies (Note 15)
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, 2022) at liquidation preference	4,350,000	4,350,000
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,670,727 shares issued and outstanding (175,265,668 shares at December 31, 2022)	17,567	17,527
Paid-in capital	5,980,760	5,896,423
Accumulated deficit	(267,910)	(110,231)
Accumulated other comprehensive loss	(67,239)	(80,317)
Total Public Storage shareholders’ equity	10,013,178	10,073,402
Noncontrolling interests	93,768	93,399
Total equity	10,106,946	10,166,801
Total liabilities and equity	$ 19,809,216	$ 17,552,307

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 Fri Apr 19 2024, market cap of Public Storage is 45.75 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 Fri Apr 19 2024, PSA's PE ratio (Price to Earnings) is 21.3 and Price to Sales (PS) ratio is 10.13. 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 0.075 (multiply by 100 for percentage) rate of return.