Public Storage (PSA)

NYSE: PSA · Real-Time Price · USD
296.07
-1.63 (-0.55%)
Jan 17, 2025, 4:00 PM EST - Market closed
-0.55%
Market Cap 51.99B
Revenue (ttm) 4.70B
Net Income (ttm) 1.70B
Shares Out 175.61M
EPS (ttm) 9.64
PE Ratio 30.71
Forward PE 28.59
Dividend $12.00 (4.05%)
Ex-Dividend Date Dec 13, 2024
Volume 442,001
Open 297.77
Previous Close 297.70
Day's Range 296.01 - 299.05
52-Week Range 256.31 - 369.99
Beta 0.73
Analysts Buy
Price Target 340.77 (+15.1%)
Earnings Date Feb 18, 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]

Sector Real Estate
Founded 1972
Employees 6,200
Stock Exchange NYSE
Ticker Symbol PSA
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 Statements

Analyst Forecast

According to 13 analysts, the average rating for PSA stock is "Buy." The 12-month stock price forecast is $340.77, which is an increase of 15.10% from the latest price.

Price Target
$340.77
(15.10% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Hidden Gems: 2 Must-Buy REITs Right Now

Some of the best REIT investment opportunities are in Canada. Valuations are lower and so are interest rates. I present 2 hidden gems that we are buying.

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2 days ago - Seeking Alpha

Real Estate Stocks Bounce as Bond Yields Plunge. Consider These REITs.

The real estate sector has gotten cheap.

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4 days ago - Barrons

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...

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15 days ago - Seeking Alpha

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...

7 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. As the largest player in the American storage unit market, it holds a dominant...

2 months 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...

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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...

Other symbols: AMHAVBCPTEQRESSEXRINVH
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...

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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.

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4 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...

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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...

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6 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...

6 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.

Other symbols: ETSYBGHSTVOYA
6 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...

6 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...

6 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

11 Sleep Well At Night Blue-Chip Bargains For Today's Overvalued Market

Stocks have been on fire since October lows, with many investors worried about bubbles and looming corrections. Even with the market at an all-time high, there are always extraordinary blue-chip barga...

7 months ago - Seeking Alpha