Public Storage (PSA)
| Market Cap | 52.24B |
| Revenue (ttm) | 4.70B |
| Net Income (ttm) | 1.70B |
| Shares Out | 175.61M |
| EPS (ttm) | 9.64 |
| PE Ratio | 30.86 |
| Forward PE | 28.80 |
| Dividend | $12.00 (4.03%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 1,052,239 |
| Open | 291.44 |
| Previous Close | 289.33 |
| Day's Range | 290.63 - 302.95 |
| 52-Week Range | 256.31 - 369.99 |
| Beta | 0.71 |
| Analysts | Buy |
| Price Target | 342.07 (+14.98%) |
| 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]
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 StatementsAnalyst Forecast
According to 14 analysts, the average rating for PSA stock is "Buy." The 12-month stock price forecast is $342.07, which is an increase of 14.98% from the latest price.
News
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.
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...
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...
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...
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...
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...
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 ...
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...
Chart Master: Is a REIT revival incoming?
Carter Worth, Worth Charting, joins 'Fast Money' to talk the REIT space and what technical indicators are signaling about the space.
Public Storage: Strong FFO Growth, Low Pay-Out Ratio And A 4.4% Yield
Public Storage is a well-managed storage real estate investment trust with a national lease platform and a taste for acquisitions. The trust is experiencing super-charged funds from operations growth ...