Public Storage (PSA)
| Market Cap | 51.78B |
| Revenue (ttm) | 4.72B |
| Net Income (ttm) | 1.87B |
| Shares Out | 175.92M |
| EPS (ttm) | 10.64 |
| PE Ratio | 27.67 |
| Forward PE | 29.20 |
| Dividend | $12.00 (4.08%) |
| Ex-Dividend Date | Mar 13, 2025 |
| Volume | 524,578 |
| Open | 294.10 |
| Previous Close | 291.92 |
| Day's Range | 290.42 - 294.61 |
| 52-Week Range | 256.31 - 369.99 |
| Beta | 0.73 |
| Analysts | Buy |
| Price Target | 340.58 (+15.7%) |
| Earnings Date | Apr 29, 2025 |
About PSA
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]
Financial Performance
In 2024, Public Storage's revenue was $4.72 billion, an increase of 3.74% compared to the previous year's $4.55 billion. Earnings were $1.87 billion, a decrease of -3.90%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for PSA stock is "Buy." The 12-month stock price forecast is $340.58, which is an increase of 15.70% from the latest price.
News
Public Storage Q4: Good REIT, Expensive At This Time
Public Storage is the world's largest self-storage REIT, with a rising dividend and opportunity for capital appreciation. Q4 2024 results showed good performance but highlighted challenges in revenue ...
Public Storage (PSA) Q4 2024 Earnings Call Transcript
Public Storage (PSA) Q4 2024 Earnings Call Transcript
Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2024
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the fourth quarter and year ended December 31, 2024. “Our fourth quarter performance reflected broad ...
The Dividend Strategy That Could Make Me A Millionaire - And How You Can Copy It
Self-made millionaires build wealth through disciplined, consistent investing. I focus on dividend growth stocks, avoid single-stock risks, and live below my means to reinvest. I invest in wide-moat c...
The Silent Wealth Killer: My Go-To Dividend Stocks To Beat Inflation
Inflation erodes purchasing power, making it crucial to invest in equities, which historically outperform cash over the long term despite volatility. My thesis is that inflation will stay "higher for ...
Public Storage to Release Fourth Quarter 2024 Earnings Results and Host Quarterly Conference Call
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2024 earnings results after the market close on Monday, February 24, 2025. A confe...
Public Storage Announces Tax Treatment of 2024 Dividends
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2024 dividends. For the tax year ended December 31, 2024, distributions for the PSA comm...
Real Estate Stocks Bounce as Bond Yields Plunge. Consider These REITs.
The real estate sector has gotten cheap.
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...
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 due to a weak housing market. The self-storage industry has low entry barriers and hig...
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. As the largest player in the American storage unit market, it holds a dominant...
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...
Public Storage (PSA) Q3 2024 Earnings Call Transcript
Public Storage (PSA) Q3 2024 Earnings Call Transcript
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,...
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...
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...
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 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...
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...
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...
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...
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...
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.