Public Storage (LON: 0KS3)

London flag London · Delayed Price · Currency is GBP · Price in USD
293.09
-1.04 (-0.35%)
Jan 10, 2025, 6:45 PM BST
-1.16%
Market Cap 41.48B
Revenue (ttm) 3.51B
Net Income (ttm) 1.27B
Shares Out n/a
EPS (ttm) 7.19
PE Ratio 32.75
Forward PE n/a
Dividend 9.34 (3.24%)
Ex-Dividend Date Dec 13, 2024
Volume 173
Open 290.98
Previous Close 294.13
Day's Range 288.30 - 293.09
52-Week Range 233.40 - 315.38
Beta 0.69
Analysts n/a
Price Target n/a
Earnings Date Feb 21, 2025

About Public Storage

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2024, we: (i) owned and/or operated 3,333 self-storage facilities located in 40 states with approximately 241 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 315 self-storage facilities located in seven Western European nations with approximately 17 million net rentable square fee... [Read more]

Industry Real Estate - General
Sector Real Estate
Founded 1972
Employees 6,200
Stock Exchange London Stock Exchange
Ticker Symbol 0KS3
Full Company Profile

Financial Performance

In 2023, Public Storage's revenue was $4.55 billion, an increase of 7.21% compared to the previous year's $4.24 billion. Earnings were $1.95 billion, a decrease of -52.95%.

Financial numbers in USD Financial Statements

News

Ready, Set, REIT: Why 2025 Could Be A Breakout Year

The commercial real estate sector, valued at $26 trillion, offers diverse opportunities despite low growth and commoditized assets, with REITs providing accessible and liquid investment options. Risin...

7 days ago - Seeking Alpha

Insider Sell: Nathaniel Vitan Sells 450 Shares of Public Storage (PSA)

Insider Sell: Nathaniel Vitan Sells 450 Shares of Public Storage (PSA)

27 days ago - GuruFocus

Public Storage (PSA) Announces $2 Billion Equity Distribution Agreement

Public Storage (PSA) Announces $2 Billion Equity Distribution Agreement

5 weeks ago - GuruFocus

Public Storage: A Great Business, With Nowhere To Grow

Public Storage is a well-run business with a strong history but faces challenges in maintaining past growth rates. Read why I rate PSA stock a Sell.

6 weeks ago - Seeking Alpha

Public Storage: Wonderful REIT At A Fair Price

Public Storage is a compelling REIT due to its focus on storage unit properties, offering stability and growth potential.

7 weeks ago - Seeking Alpha

The Trump Dip - Here's What I'm Buying To Improve My Dividend Portfolio

My portfolio gained significantly post-election, driven by industrial and energy stocks, while REITs and tariff-prone companies faced pressure from rising rates and trade uncertainties. I see value in...

2 months ago - Seeking Alpha

Public Storage (PSA) Q3 2024 Earnings Call Transcript

Public Storage (PSA) Q3 2024 Earnings Call Transcript

2 months ago - Seeking Alpha

Public Storage Reports Results for the Three and Nine Months Ended September 30, 2024

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three and nine months ended September 30, 2024. “Performance is stabilizing across our portfolio,...

2 months ago - Business Wire

Public Storage Announces Hiring of Chris Sambar as Chief Operating Officer

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA; the “Company”) announced today that Chris Sambar has joined the Company as Chief Operating Officer. Mr. Sambar brings significant leadershi...

3 months ago - Business Wire

Public Storage to Release Third Quarter 2024 Earnings Results and Host Quarterly Conference Call

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its third quarter 2024 earnings results after the market close on Wednesday, October 30, 2024. A conf...

3 months ago - Business Wire

Assessing The Impact Of Mortgage Rates On REITs

Historically, REITs outperform the S&P 500 after rising interest rates, with recent data showing a 25% return from May to September 2024. Mortgage rates impact REITs differently, with lower rates boos...

3 months ago - Seeking Alpha

3 Dividend Giants I'm Holding On To For Dear Life

I considered selling several stocks to consolidate my portfolio, but ultimately decided to keep them. Each investment still aligns with my long-term strategy. While not all of them are particularly ch...

3 months ago - Seeking Alpha

The Impressive Durability Of REIT Investments

REIT bankruptcies are incredibly rare. The nature of their business is very resilient. I present 5 reasons that make most REITs quasi indestructible.

3 months ago - Seeking Alpha

Public Storage: The Multiple Has Expanded Too Much, Taking 25% Profits Home

In March 2024, I published a bullish piece on Public Storage as it had robust fundamentals and a historically depressed valuation in place. Since then, PSA has generated total returns of 25%. In the m...

4 months ago - Seeking Alpha

10 REITs With The Best Risk Ratings

REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs...

5 months ago - Seeking Alpha

The 'X' Factor For Public REITs

The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for sign...

5 months ago - Seeking Alpha

Public Storage Declares Third Quarter 2024 Dividends

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that on August 1, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The B...

5 months ago - Business Wire

This Etsy Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

5 months ago - Benzinga

Public Storage (PSA) Q2 2024 Earnings Call Transcript

Public Storage (NYSE:PSA) Q2 2024 Earnings Conference Call July 31, 2024 12:00 PM ET Company Participants Ryan Burke - VP, IR and Strategic Partnerships Joe Russell - President and CEO Tom Boyle - CF...

5 months ago - Seeking Alpha

Public Storage Reports Results for the Three and Six Months Ended June 30, 2024

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three and six months ended June 30, 2024. “The Public Storage team is executing well on our strat...

5 months ago - Business Wire

Public Storage Appoints New Independent Trustee

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (the “Company”) announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term...

6 months ago - Business Wire

Public Storage to Release Second Quarter 2024 Earnings Results and Host Quarterly Conference Call

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2024 earnings results after the market close on Tuesday, July 30, 2024. A conferen...

6 months ago - Business Wire

4%-Yielding Public Storage - One Of The Best REITs On The Market

Public Storage stands out despite a mixed dividend history, thanks to its vast footprint and strategic expansion, making it a key player in the self-storage market. PSA's robust performance, leveragin...

6 months ago - Seeking Alpha

Public Storage Releases 2024 Sustainability Report

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the release of its 2024 Sustainability Report. The report highlights the Company's dedication to sustainability, detailing ...

7 months ago - Business Wire