Public Storage (PSA)
Market Cap | 50.15B |
Revenue (ttm) | 4.58B |
Net Income (ttm) | 1.94B |
Shares Out | 175.73M |
EPS (ttm) | 11.01 |
PE Ratio | 25.92 |
Forward PE | 25.25 |
Dividend | $12.00 (4.21%) |
Ex-Dividend Date | Jun 12, 2024 |
Volume | 464,551 |
Open | 283.96 |
Previous Close | 283.13 |
Day's Range | 282.09 - 285.87 |
52-Week Range | 233.18 - 312.25 |
Beta | 0.62 |
Analysts | Buy |
Price Target | 304.50 (+6.7%) |
Earnings Date | Jul 31, 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 12 analysts, the average rating for PSA stock is "Buy." The 12-month stock price forecast is $304.5, which is an increase of 6.70% from the latest price.
News
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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 ...
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.
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.
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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...
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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,...
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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...
![](https://cdn.snapi.dev/images/v1/j/o/conf1-2357491.jpg)
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...
![](https://cdn.snapi.dev/images/v1/k/m/press3-2291849.jpg)
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...
![](https://cdn.snapi.dev/images/v1/o/y/press8-2284781.jpg)
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 ...
![](https://cdn.snapi.dev/images/v1/i/l/conf15-2254103.jpg)
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...
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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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Keep Your Eye On These 5 Dividend-Growth Masters
As inflation calms down, these dividend stocks are going to fire up. I'm talking about five stocks with payouts popping between 33% and 100% per year.
![](https://cdn.snapi.dev/images/v1/t/g/press3-2148009.jpg)
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...
![](https://cdn.snapi.dev/images/v1/i/m/press13-2128941.jpg)
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...
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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...
![](https://cdn.snapi.dev/images/v1/y/e/conf3-2092238.jpg)
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...
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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...
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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...
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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...
![](https://cdn.snapi.dev/images/v1/d/f/press10-2002596.jpg)
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...
![](https://cdn.snapi.dev/images/v1/w/k/press13-2000016.jpg)
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...
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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...
![](https://cdn.snapi.dev/images/v1/y/m/445tgr4-994961-1983934.jpg)
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...
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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...
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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...