Public Storage (PSA)
| Market Cap | 49.17B |
| Revenue (ttm) | 4.58B |
| Net Income (ttm) | 1.94B |
| Shares Out | 175.73M |
| EPS (ttm) | 11.01 |
| PE Ratio | 25.42 |
| Forward PE | 24.79 |
| Dividend | $12.00 (4.29%) |
| Ex-Dividend Date | Jun 12, 2024 |
| Volume | 605,525 |
| Open | 279.70 |
| Previous Close | 276.91 |
| Day's Range | 278.40 - 282.92 |
| 52-Week Range | 233.18 - 312.25 |
| Beta | 0.56 |
| Analysts | Buy |
| Price Target | 310.43 (+10.94%) |
| Earnings Date | Apr 30, 2024 |
About PSA
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 December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 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 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable squa... [Read more]
Financial Performance
In 2023, Public Storage's revenue was $4.52 billion, an increase of 8.02% compared to the previous year's $4.18 billion. Earnings were $1.95 billion, a decrease of -52.95%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for PSA stock is "Buy." The 12-month stock price forecast is $310.43, which is an increase of 10.94% from the latest price.
News
REITs outperform in a higher interest rate environment, says BMO Capital's Brian Belski
Brian Belski, BMO Capital chief investment strategist, joins CNBC's 'Squawk on the Street' to discuss markets, real estate, and more.
Public Storage Declares Second Quarter 2024 Dividends
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that on May 8, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Boar...
Public Storage Reports Results for the Three Months Ended March 31, 2024
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2024. “With first quarter performance in-line with our expectations,...
Public Storage Prices Public Offering of Senior Notes
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA, the “Company”) announced today that the Company's subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1...
Public Storage to Release First Quarter 2024 Earnings Results and Host Quarterly Conference Call
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2024 earnings results after the market close on Tuesday, April 30, 2024. A conferen...
Public Storage Declares First Quarter 2024 Dividends
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that on February 23, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. Th...
Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2023
GLENDALE, Calif--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the fourth quarter and year ended December 31, 2023. “Public Storage achieved record revenues and net ...
Public Storage to Release Fourth Quarter 2023 Earnings Results and Host Quarterly Conference Call
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2023 earnings results after the market close on Tuesday, February 20, 2024. A conf...
Public Storage Announces Tax Treatment of 2023 Dividends
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2023 dividends. For the tax year ended December 31, 2023, distributions for the PSA comm...
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Public Storage Declares Fourth Quarter 2023 Dividends
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that on November 8, 2023, our Board of Trustees declared a regular common quarterly dividend of $3.00 per common share. The...
Public Storage Reports Results for the Three and Nine Months Ended September 30, 2023
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three and nine months ended September 30, 2023. “Public Storage's industry-leading platform drove...
Public Storage Recognized as the U.S. Self-Storage Sustainability Leader on the GRESB Benchmark
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the world's leading owner of self-storage facilities, announced today that the Company is the U.S. self-storage sustainability leader on t...
Public Storage to Release Third Quarter 2023 Earnings Results and Host Quarterly Conference Call
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its third quarter 2023 earnings results after the market close on Monday, October 30, 2023. A confere...
Public Storage Announces Closing of Simply Self Storage Acquisition
GLENDALE, Calif. & NEW YORK--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (the “Company”) announced today that it has completed the previously announced acquisition of Simply Self Storage (“Simply”) fro...
Public Storage Launches Savvy Insurance to Serve the Self-Storage Industry
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the launch of the Savvy Storage Insurance Program® (“Savvy”), a one-of-a-kind tenant insurance offering that will enable pr...
Public Storage: Market Leader, Bargain Price
While the self-storage business is highly fragmented and Public Storage ( PSA , Financial) only needing around 10% of the market to be the leader, the long-term prospects remain very good. Self-storag...
Public Storage Reports Results for the Three and Six Months Ended June 30, 2023
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three and six months ended June 30, 2023. “Public Storage's industry-leading platform was evident...
Public Storage and Solar Landscape Announce Multistate Community Solar Portfolio
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the nation's leading self-storage owner, and Solar Landscape, the leading commercial and industrial rooftop solar developer, announced tod...
Public Storage Prices Public Offering of Senior Notes to Fund Simply Self Storage Transaction
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA, the “Company”) announced today that the Company has priced a public offering of $2.2 billion aggregate principal amount of senior notes (th...
Public Storage to pay $2.2 billion to buy Simply Self Storage from Blackstone's BREIT
Public Storage PSA, +0.93% announced Monday an agreement to buy Simply Self Storage for $2.2 billion from Blackstone Inc. BX, -2.44% subsidiary Blackstone Real Estate Income Trust Inc. (BREIT) The pur...
Public Storage Accelerates Growth with Simply Self Storage Acquisition
GLENDALE, California and New York--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (the “Company”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today an agreement for Public Storage to...
Public Storage to Release Second Quarter 2023 Earnings Results and Host Quarterly Conference Call
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2023 earnings results after the market close on Wednesday, August 2, 2023. A confe...
Public Storage Releases 2023 Sustainability Report
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the release of its 2023 Sustainability Report. The report highlights the Company's dedication to sustainability, detailing ...
Public Storage Reports Results for the Three Months Ended March 31, 2023
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2023. “Public Storage's first quarter was robust, with move-in volum...