Public Storage (PSA)

NYSE: PSA · IEX Real-Time Price · USD
281.26
+2.64 (0.95%)
Feb 27, 2024, 12:28 PM EST - Market open
0.95%
Market Cap 50.17B
Revenue (ttm) 4.52B
Net Income (ttm) 1.95B
Shares Out 175.69M
EPS (ttm) 11.06
PE Ratio 25.19
Forward PE 24.89
Dividend $12.00 (4.27%)
Ex-Dividend Date Mar 12, 2024
Volume 154,956
Open 280.92
Previous Close 278.62
Day's Range 279.53 - 282.00
52-Week Range 233.18 - 316.48
Beta 0.54
Analysts Buy
Price Target 299.20 (+6.38%)
Earnings Date Feb 20, 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]

Sector Real Estate
CEO Joseph D. Russell Jr.
Employees 6,200
Stock Exchange NYSE
Ticker Symbol PSA
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for PSA stock is "Buy." The 12-month stock price forecast is $299.2, which is an increase of 6.38% from the latest price.

Price Target
$299.2
(6.38% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

3 days ago - Business Wire

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 ...

6 days ago - Business Wire

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...

26 days ago - Business Wire

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...

5 weeks ago - Business Wire

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.

Other symbols: CEGMCHPODFLUNH
6 weeks ago - Forbes

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

Analysts See Strong Upside Trade for Undervalued REITs

Well, you don't have to conjure up some investment that doesn't exist. Real estate investment trusts, often called REITs,  are mandated to distribute profits to shareholders to maintain their special ...

Other symbols: PEAKPKPLDVTR
5 months ago - MarketBeat

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...

5 months ago - Business Wire

5 Low Beta, High-Yield Stocks for Your Low-Risk Income Portfolio

The risk to the market is mounting, and with it, volatility. The VIX is up nearly 50% in the last month and heading higher, which means the S&P 500 could be heading lower.

Other symbols: BMYDUKGILDVZ
5 months ago - MarketBeat

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...

5 months ago - Business Wire

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...

6 months ago - Business Wire

3 High Dividend REITs That Analysts Are Bullish On

After declining 24% last year, the S&P United States REIT index is up 6% so far this year. Of course, with domestic equities vastly outperforming, the sector has been more of an afterthought.

Other symbols: AMTPLD
6 months ago - MarketBeat

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...

7 months ago - GuruFocus

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...

7 months ago - Business Wire

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...

7 months ago - Business Wire

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...

7 months ago - Business Wire

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...

Other symbols: BX
7 months ago - Market Watch

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...

7 months ago - Business Wire

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...

8 months ago - Business Wire

Public Storage Releases 2023 Sustainability Report

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the release of its 2023 Sustainability Report. The report highlights the Company's dedication to sustainability, detailing ...

8 months ago - Business Wire

Public Storage Reports Results for the Three Months Ended March 31, 2023

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2023. “Public Storage's first quarter was robust, with move-in volum...

10 months ago - Business Wire

Amped Studio Reveals “Save Forever”, a New Decentralized, Public Storage Network for Artists

STOCKHOLM--(BUSINESS WIRE)--Today, Amped Studio, an application designed to produce music for everyone from beginners to professionals with nearly 5000 daily users, announced its new offering, Arweave...

11 months ago - Business Wire

Public Storage to Release First Quarter 2023 Earnings Results and Host Quarterly Conference Call

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2023 earnings results after the market close on Wednesday, May 3, 2023. A conferenc...

11 months ago - Business Wire