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Public Storage PSA · Stock Open Public Storage in new tab

309.89 USD
P/E
29.46
EPS
10.47
Yield
4.02%
Safety Score
92
P/B
11.19
ROE
21.93
Beta
0.93
Target Price
329.00 USD
Public Storage logo

Public Storage

🧾 Earnings Recap – Q3 2025

Public Storage delivered solid Q3 2025 results, showing robust NOI growth and raising its full-year guidance for the second consecutive quarter amid favorable industry dynamics and strong operational innovations.

  • Revenue per square foot remains the highest in the industry, supported by strong same-store NOI outperformance driven by customer behavior.
  • Significant portfolio expansion with over $1.3 billion in acquisitions and a $650 million development pipeline in place for the next two years.
  • Core FFO per share increased 2.6%, reflecting strong operational efficiencies and reduced expenses, particularly in payroll and utilities.
  • Positive trends across major markets, with notable growth in revenue ranging from 2% to 4% in key regions such as Chicago and the West Coast.
  • The company is leveraging advanced technology and data-driven strategies to enhance customer experiences and operational efficiency, maintaining high employee engagement.
📅
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Key Metrics
Earnings dateOct. 26, 2026
P/E29.46
EPS10.47
Book Value27.56
Price to Book11.19
Debt/Equity109.63
% Insiders9.558%
Growth
Revenue Growth0.03%
Earnings Growth0.45%
Estimates
Forward P/E31.06
Forward EPS9.93
Target Mean Price329.00
Dividend
Dividend Yield4.02%
Annual dividends12.00 USD
Ex-Div. DateSept. 15, 2026
Payout141.08%
5y avg Yield3.31%

DCF valuation

Model fair value for Public Storage (PSA)
Result
Sign in to run the valuation for PSA.
Assumptions
Growth– Capex– Tax– Terminal g– Cost of equity– Cost of debt–
Analyst price targets
18 analysts · consensus Hold · mean target 329.00 USD (low 285.00, high 367.00) · as of 23 Oct 2026
Low 285.00
Mean 329.00
High 367.00
Price 309.89
Published broker research as supplied by our market data feed, named by firm and dated; it does not identify individual analysts. Targets carry their last refresh date; rating changes can be a few days behind.

Public Storage Logo Public Storage Analysis (PSA)

United States Real Estate Official Website Stock

Is Public Storage a good investment? Public Storage (PSA) is currently trading at 309.89 USD. Market analysts have a consensus price target of 329.00 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 29.46. This valuation is generally in line with the broader market.

Earnings Schedule: Public Storage is expected to release its next earnings report on Oct. 26, 2026. The market consensus estimate for Forward EPS is 9.93.

For income investors, Public Storage pays a dividend yield of 4.02%. With a payout ratio of 141%, the dividend appears to be under pressure.

Investor FAQ

Does Public Storage pay a dividend?

Yes, it pays an annual dividend of 12.00 USD (4.02% yield).

What asset class is Public Storage?

Public Storage is classified as a Stock. You can compare it against 3 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Oct. 26, 2026. The company currently has a trailing EPS of 10.47.

Company Profile

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, The firm: (i) owned and/or operated 3,584 self-storage facilities located in 40 states with approximately 259 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 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage is headquartered in Frisco, Texas. Public Storage was incorporated in 1972 in Maryland.

Exchange Ticker
FRA (Germany) PUP.F
STU (Germany) PUP.SG
NYQ (United States) PSA
Trades
Dividend Yield
4.02%
5y avg 3.31%
Annual Dividends
12.00USD
Next Ex. Div Date
Sept. 15, 2026
Payout Ratio
141.08%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
6.75 USD
June 30, 2027 (estimated) 3.3750
March 31, 2027 (estimated) 3.3750
▸2026
12.38 USD
Dec. 31, 2026 (estimated) 3.3750
Oct. 6, 2026 3.0000
June 30, 2026 3.0000
March 31, 2026 3.0000
▸2025
12.00 USD
Dec. 30, 2025 3.0000
Sept. 30, 2025 3.0000
June 27, 2025 3.0000
March 28, 2025 3.0000
▸2024
12.00 USD
Dec. 30, 2024 3.0000
Sept. 30, 2024 3.0000
June 27, 2024 3.0000
March 28, 2024 3.0000
▸2023
12.00 USD
Dec. 28, 2023 3.0000
Sept. 28, 2023 3.0000
June 29, 2023 3.0000
March 30, 2023 3.0000
▸2022
21.15 USD
Dec. 29, 2022 2.0000
Sept. 29, 2022 2.0000
Aug. 4, 2022 13.1500
June 30, 2022 2.0000
March 31, 2022 2.0000
▸2021
8.00 USD
Dec. 30, 2021 2.0000
Sept. 30, 2021 2.0000
June 30, 2021 2.0000
March 31, 2021 2.0000
▸2020
8.00 USD
Dec. 30, 2020 2.0000
Sept. 30, 2020 2.0000
June 30, 2020 2.0000
March 31, 2020 2.0000
▸2019
8.00 USD
Dec. 30, 2019 2.0000
Sept. 27, 2019 2.0000
June 27, 2019 2.0000
March 28, 2019 2.0000
▸2018
8.00 USD
Dec. 27, 2018 2.0000
Sept. 27, 2018 2.0000
June 28, 2018 2.0000
March 29, 2018 2.0000
▸2017
8.00 USD
Dec. 28, 2017 2.0000
Sept. 28, 2017 2.0000
June 29, 2017 2.0000
March 30, 2017 2.0000
▸2016
7.30 USD
Dec. 29, 2016 2.0000
Sept. 29, 2016 1.8000
June 30, 2016 1.8000
March 31, 2016 1.7000
▸2015
6.50 USD
Dec. 30, 2015 1.7000
Sept. 30, 2015 1.7000
June 30, 2015 1.7000
March 31, 2015 1.4000
▸2014
5.60 USD
Dec. 30, 2014 1.4000
Sept. 30, 2014 1.4000
June 30, 2014 1.4000
March 31, 2014 1.4000
▸2013
5.15 USD
Dec. 30, 2013 1.4000
Sept. 30, 2013 1.2500
June 27, 2013 1.2500
March 28, 2013 1.2500
▸2012
4.40 USD
Dec. 27, 2012 1.1000
Sept. 27, 2012 1.1000
June 28, 2012 1.1000
March 29, 2012 1.1000
▸2011
3.65 USD
Dec. 29, 2011 0.9500
Sept. 29, 2011 0.9500
June 30, 2011 0.9500
March 31, 2011 0.8000
▸2010
3.05 USD
Dec. 30, 2010 0.8000
Sept. 30, 2010 0.8000
June 30, 2010 0.8000
March 31, 2010 0.6500
▸2009
2.20 USD
Dec. 30, 2009 0.5500
Sept. 30, 2009 0.5500
June 30, 2009 0.5500
March 31, 2009 0.5500
▸2008
2.80 USD
Dec. 30, 2008 1.1500
Sept. 30, 2008 0.5500
June 30, 2008 0.5500
March 31, 2008 0.5500
▸2007
2.00 USD
Dec. 28, 2007 0.5000
Sept. 27, 2007 0.5000
June 28, 2007 0.5000
March 29, 2007 0.5000
▸2006
2.00 USD
Dec. 28, 2006 0.5000
Sept. 28, 2006 0.5000
June 29, 2006 0.5000
March 30, 2006 0.5000
▸2005
1.90 USD
Dec. 29, 2005 0.5000
Sept. 29, 2005 0.5000
June 30, 2005 0.4500
March 31, 2005 0.4500
▸2004
1.80 USD
Dec. 31, 2004 0.4500
Sept. 30, 2004 0.4500
June 30, 2004 0.4500
March 31, 2004 0.4500
▸2003
1.80 USD
Dec. 31, 2003 0.4500
Sept. 30, 2003 0.4500
June 30, 2003 0.4500
March 31, 2003 0.4500
▸2002
1.80 USD
Dec. 31, 2002 0.4500
Sept. 30, 2002 0.4500
June 28, 2002 0.4500
March 29, 2002 0.4500
▸2001
1.69 USD
Dec. 31, 2001 0.4500
Sept. 28, 2001 0.8000
June 29, 2001 0.2200
March 30, 2001 0.2200
▸2000
2.10 USD
Dec. 29, 2000 0.2200
Sept. 29, 2000 0.8200
June 30, 2000 0.2200
March 31, 2000 0.2200
Jan. 14, 2000 0.6200
▸1999
0.88 USD
Dec. 31, 1999 0.2200
Sept. 30, 1999 0.2200
June 30, 1999 0.2200
March 31, 1999 0.2200
▸1998
0.88 USD
Dec. 31, 1998 0.2200
Sept. 30, 1998 0.2200
June 30, 1998 0.2200
March 31, 1998 0.2200
▸1997
0.88 USD
Dec. 31, 1997 0.2200
Sept. 30, 1997 0.2200
June 30, 1997 0.2200
March 31, 1997 0.2200
▸1996
0.88 USD
Dec. 27, 1996 0.2200
Sept. 27, 1996 0.2200
June 28, 1996 0.2200
March 31, 1996 0.2200
▸1995
1.11 USD
Dec. 29, 1995 0.4500
Sept. 30, 1995 0.2200
June 30, 1995 0.2200
March 31, 1995 0.2200
▸1994
0.85 USD
Dec. 31, 1994 0.2200
Sept. 30, 1994 0.2100
June 30, 1994 0.2100
March 31, 1994 0.2100
▸1993
0.84 USD
Dec. 31, 1993 0.2100
Sept. 30, 1993 0.2100
June 30, 1993 0.2100
March 31, 1993 0.2100
▸1992
0.84 USD
Dec. 31, 1992 0.2100
Sept. 30, 1992 0.2100
June 30, 1992 0.2100
March 31, 1992 0.2100
▸1991
0.82 USD
Dec. 31, 1991 0.2100
Sept. 27, 1991 0.2100
June 28, 1991 0.2000
March 29, 1991 0.2000
▸1990
0.65 USD
Dec. 31, 1990 0.2000
Sept. 28, 1990 0.2000
June 29, 1990 0.2000
March 26, 1990 0.0500
▸1989
1.40 USD
Dec. 15, 1989 0.3500
Sept. 15, 1989 0.3500
June 15, 1989 0.3500
March 15, 1989 0.3500
▸1988
1.40 USD
Dec. 15, 1988 0.3500
Sept. 15, 1988 0.3500
June 15, 1988 0.3500
March 15, 1988 0.3500
▸1987
1.40 USD
Dec. 15, 1987 0.3500
Sept. 15, 1987 0.3500
June 15, 1987 0.3500
March 13, 1987 0.3500
▸1986
1.66 USD
Nov. 7, 1986 0.3500
Aug. 11, 1986 0.3500
May 15, 1986 0.4800
Feb. 10, 1986 0.4800
▸1985
1.88 USD
Nov. 8, 1985 0.4800
July 25, 1985 0.4800
April 25, 1985 0.4600
Jan. 28, 1985 0.4600
Upcoming Dividends
Name Payment Date Status Amount
Public Storage Oct 06, 2026 3.0 USD
Public Storage Jun 30, 2026 3.0 USD
Public Storage Mar 31, 2026 3.0 USD
Public Storage Dec 30, 2025 3.0 USD
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