Public Storage (PSA) Stock Price

Public Storage Price

NYSE·CLOSED
328.58USD+2.90 (+0.88 %)
Market closed

Over the last 19 years Public Storage grew revenue by 6.8% annually, reaching 4.82 B USD. Earnings per share have grown at 9.4% per year over the last 19 years. For Public Storage, the net margin of 37.0% is down versus 57.2% a few years ago. At today's price the dividend yield works out to roughly 3.65%. The payout ratio is around 118% of earnings. The dividend has grown at 9.9% per year over the past 19 years. The consensus 12-month price target for Public Storage is 311.10 USD, about 5.3% below where the stock trades today. Of 25 analysts, 12 rate the stock a buy — an overall Hold consensus. The stock trades about 27% above its 52-week low.

Public Storage stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Public Storage over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Public Storage stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Public Storage's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Public Storage Stock Price History
DatePublic Storage Price
8/6/2026328.58 USD
8/5/2026325.68 USD
8/4/2026324.73 USD
8/3/2026325.90 USD
7/31/2026324.17 USD
7/30/2026317.45 USD
7/29/2026333.53 USD
7/27/2026328.50 USD
7/23/2026315.01 USD
7/22/2026311.70 USD
7/21/2026309.75 USD
7/20/2026315.53 USD
7/17/2026318.04 USD
7/16/2026324.50 USD
7/15/2026314.68 USD
7/14/2026318.93 USD
7/13/2026322.17 USD
7/10/2026320.56 USD
7/9/2026319.35 USD
7/8/2026324.38 USD
7/7/2026328.69 USD
7/6/2026322.40 USD
7/2/2026329.64 USD
7/1/2026323.04 USD
6/30/2026318.31 USD
6/29/2026320.96 USD
6/26/2026324.39 USD
6/25/2026320.74 USD
6/24/2026317.92 USD
6/23/2026321.29 USD
6/22/2026321.47 USD
6/18/2026318.18 USD
6/17/2026316.84 USD
6/16/2026321.59 USD
6/15/2026321.55 USD
6/12/2026328.52 USD
6/11/2026325.05 USD
6/10/2026328.67 USD
6/9/2026322.86 USD
6/8/2026311.08 USD
6/5/2026309.36 USD
6/4/2026305.17 USD
6/3/2026303.90 USD
6/2/2026299.02 USD
6/1/2026296.93 USD
5/29/2026307.22 USD
5/28/2026309.36 USD
5/27/2026308.36 USD
5/26/2026306.39 USD
5/22/2026303.98 USD
5/21/2026302.05 USD
5/20/2026304.58 USD
5/19/2026297.47 USD
5/18/2026296.15 USD
5/15/2026292.47 USD
5/14/2026303.03 USD
5/13/2026303.70 USD
5/12/2026311.28 USD
5/11/2026311.55 USD
5/8/2026311.04 USD
5/7/2026309.33 USD
5/6/2026308.98 USD
5/5/2026298.82 USD
5/4/2026295.36 USD
5/1/2026301.55 USD
4/30/2026302.45 USD
4/29/2026294.09 USD
4/28/2026297.14 USD
4/27/2026305.48 USD
4/24/2026308.29 USD
4/22/2026304.81 USD
4/21/2026308.33 USD
4/20/2026312.17 USD
4/17/2026309.22 USD
4/16/2026301.74 USD
4/15/2026299.83 USD
4/14/2026304.00 USD
4/13/2026296.23 USD
4/10/2026295.00 USD
4/9/2026293.27 USD
4/8/2026290.00 USD
4/7/2026279.24 USD
4/6/2026280.89 USD
4/2/2026280.35 USD
4/1/2026276.24 USD
3/31/2026270.88 USD
3/30/2026265.13 USD
3/27/2026266.01 USD
3/26/2026268.01 USD
3/25/2026267.63 USD
3/24/2026267.94 USD
3/23/2026271.32 USD
3/20/2026268.21 USD
3/19/2026277.33 USD
3/18/2026277.33 USD
3/17/2026286.55 USD
3/16/2026289.80 USD
3/13/2026297.72 USD
3/12/2026297.74 USD
3/11/2026299.91 USD
3/10/2026305.99 USD
3/9/2026306.48 USD
3/6/2026308.13 USD
3/5/2026306.94 USD
3/4/2026310.76 USD
3/3/2026306.14 USD
3/2/2026310.94 USD
2/27/2026307.06 USD
2/26/2026304.01 USD
2/25/2026299.35 USD
2/24/2026304.11 USD
2/23/2026305.26 USD
2/20/2026302.55 USD
2/19/2026298.50 USD
2/18/2026299.00 USD
2/17/2026302.00 USD
2/13/2026300.35 USD
2/12/2026292.37 USD
2/11/2026293.84 USD
2/10/2026292.33 USD
2/9/2026288.89 USD
2/6/2026287.00 USD
2/5/2026282.82 USD
2/4/2026288.50 USD
2/3/2026279.54 USD
2/2/2026271.81 USD
1/30/2026276.19 USD
1/29/2026277.45 USD
1/28/2026273.86 USD
1/27/2026277.71 USD
1/26/2026278.75 USD
1/23/2026282.63 USD
1/22/2026286.58 USD
1/21/2026288.71 USD
1/20/2026285.19 USD
1/16/2026293.89 USD
1/15/2026292.66 USD
1/14/2026287.77 USD
1/13/2026279.83 USD
1/12/2026279.20 USD
1/9/2026278.16 USD
1/8/2026271.12 USD
1/7/2026265.68 USD
1/6/2026270.32 USD
1/5/2026260.90 USD
1/2/2026258.44 USD
12/31/2025259.52 USD
12/30/2025261.39 USD
12/29/2025259.32 USD
12/26/2025260.66 USD
12/24/2025262.08 USD
12/23/2025259.43 USD
12/22/2025261.41 USD
12/19/2025259.58 USD
12/18/2025261.37 USD
12/17/2025267.17 USD
12/16/2025267.48 USD
12/15/2025272.38 USD
12/12/2025274.97 USD
12/11/2025273.71 USD
12/10/2025267.62 USD
12/9/2025264.71 USD
12/8/2025269.55 USD
12/5/2025272.06 USD
12/4/2025276.63 USD
12/3/2025278.25 USD
12/2/2025273.16 USD
12/1/2025271.15 USD
11/28/2025274.54 USD
11/26/2025274.21 USD
11/25/2025272.33 USD
11/24/2025269.17 USD
11/21/2025269.51 USD
11/20/2025266.01 USD
11/19/2025266.16 USD
11/18/2025271.50 USD
11/17/2025271.16 USD
11/14/2025274.26 USD
11/13/2025274.28 USD
11/12/2025275.81 USD
11/11/2025277.86 USD
11/10/2025272.78 USD
11/7/2025278.05 USD
11/6/2025273.96 USD
11/5/2025278.92 USD
11/4/2025276.02 USD
11/3/2025277.62 USD
10/31/2025278.56 USD
10/30/2025280.86 USD
10/29/2025289.18 USD
10/28/2025298.04 USD
10/27/2025300.34 USD
10/24/2025302.35 USD
10/23/2025306.28 USD
10/22/2025310.88 USD
10/21/2025308.27 USD
10/20/2025311.80 USD
10/17/2025307.62 USD
10/16/2025306.73 USD
10/15/2025301.00 USD
10/14/2025302.15 USD
10/13/2025299.63 USD
10/10/2025294.50 USD
10/9/2025294.01 USD
10/8/2025293.14 USD
10/7/2025293.53 USD
10/6/2025290.81 USD
10/3/2025293.99 USD
10/2/2025289.16 USD
10/1/2025290.68 USD
9/30/2025288.85 USD
9/29/2025288.53 USD
9/28/2025288.53 USD
9/25/2025286.29 USD
9/24/2025280.26 USD
9/23/2025282.30 USD
9/22/2025279.68 USD
9/19/2025279.01 USD
9/18/2025283.79 USD
9/17/2025284.13 USD
9/16/2025284.81 USD
9/15/2025286.56 USD
9/12/2025293.67 USD
9/11/2025294.92 USD
9/10/2025288.69 USD
9/9/2025290.10 USD
9/8/2025294.72 USD
9/5/2025295.01 USD
9/4/2025292.22 USD
9/3/2025291.76 USD
9/2/2025288.18 USD
8/29/2025293.42 USD
8/28/2025291.67 USD
8/27/2025291.19 USD
8/26/2025288.88 USD
8/25/2025289.84 USD
8/22/2025293.81 USD
8/21/2025286.76 USD
8/20/2025286.94 USD
8/19/2025287.35 USD
8/18/2025280.56 USD
8/15/2025282.94 USD
8/14/2025280.89 USD
8/13/2025283.18 USD
8/12/2025280.48 USD
8/11/2025279.75 USD
8/8/2025281.75 USD
8/7/2025283.89 USD
8/6/2025281.42 USD
Access this data via the Eulerpool API

Public Storage Revenue, FFO, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
FFO
Net Income
Details
Date
Revenue
FFO
Net Income
Jan 1, 2023
4.52 B USD
3.13 B USD
2.15 B USD
Jan 1, 2024
4.70 B USD
3.21 B USD
2.07 B USD
Jan 1, 2025
4.82 B USD
2.95 B USD
1.78 B USD
Jan 1, 2026 (e)
5.04 B USD
0.00 USD
1.79 B USD
Jan 1, 2027 (e)
5.43 B USD
0.00 USD
1.74 B USD
Jan 1, 2028 (e)
5.67 B USD
0.00 USD
1.84 B USD
Jan 1, 2029 (e)
6.25 B USD
0.00 USD
1.87 B USD
Jan 1, 2030 (e)
7.34 B USD
0.00 USD
1.92 B USD

Public Storage Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 6, 2026, 4:03 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
2.382.562.672.762.862.923.424.184.524.704.825.045.435.676.257.34
9.377.524.223.413.482.1017.1522.468.013.942.754.527.604.5710.2417.32
73.3373.8773.4672.5671.4970.2273.0674.8274.5873.2124.9624.9624.9624.9624.9624.96
1.751.891.962.002.042.052.503.133.373.441.201.261.351.421.561.83
1.231.371.421.421.481.411.782.272.322.202.253.103.333.483.844.50
51.7453.6753.3451.4751.9848.4052.2454.3551.3446.8846.7261.3861.3861.3861.3861.39
1.311.451.441.711.521.361.954.352.152.071.781.791.741.841.871.92
14.6010.83-0.7618.65-11.16-10.7243.92122.68-50.61-3.54-13.900.50-3.075.981.522.41
6.509.008.008.008.008.008.0321.1912.0012.0012.0012.0013.0114.11
-7.1438.46-11.110.37163.89-43.378.428.46
173.76173.81174.22174.47174.59174.75176.08176.14175.67175.93175.86175.86175.86175.86175.86175.86
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Public Storage generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Public Storage retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Public Storage's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Public Storage has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Public Storage's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Public Storage stock margins

The Public Storage margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Public Storage. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Public Storage.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
73.05 %
52.24 %
57.18 %
Jan 1, 2022
74.82 %
54.37 %
103.99 %
Jan 1, 2023
74.59 %
51.33 %
47.55 %
Jan 1, 2024
73.21 %
46.88 %
44.13 %
Jan 1, 2025
24.96 %
46.73 %
36.99 %
Jan 1, 2026 (e)
24.96 %
61.38 %
35.57 %
Jan 1, 2027 (e)
24.96 %
61.38 %
32.04 %
Jan 1, 2028 (e)
24.96 %
61.38 %
32.48 %

Public Storage Stock Revenue, EBIT, Earnings per Share

The Public Storage earnings per share therefore indicates how much revenue Public Storage has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
19.40 USD
10.13 USD
11.09 USD
Jan 1, 2022
23.74 USD
12.91 USD
24.69 USD
Jan 1, 2023
25.72 USD
13.20 USD
12.23 USD
Jan 1, 2024
26.69 USD
12.51 USD
11.78 USD
Jan 1, 2025
27.43 USD
12.82 USD
10.15 USD
Jan 1, 2026 (e)
28.67 USD
17.60 USD
10.20 USD
Jan 1, 2027 (e)
30.84 USD
18.94 USD
9.88 USD
Jan 1, 2028 (e)
32.25 USD
19.80 USD
10.48 USD

Public Storage business model & stock analysis

Public Storage is a US self-storage chain that was founded in California in 1972. The company's headquarters is in Glendale, California, and it now operates over 2,500 locations in the US, Europe, and Asia. Public Storage is known for its red buildings and offers rental storage spaces for personal and business use. The company provides secure and temperature-controlled storage options, as well as insurance for stored items. It serves individuals, businesses, and military personnel, offering various sizes of storage units and additional services such as moving trucks and online booking options. Public Storage is committed to environmental sustainability and promotes energy efficiency and recycling. Overall, Public Storage is a reliable and flexible partner for individuals and businesses in need of additional storage space.

Public Storage SWOT Analysis

Strengths

  • Leading brand reputation in the self-storage industry with a strong market presence.
  • Wide geographical coverage providing convenience to a large customer base.
  • Diverse range of storage unit sizes and features catering to various customer needs.
  • Robust financial performance and consistent revenue growth.

Weaknesses

  • Vulnerability to economic downturns as demand for storage may decrease.
  • High competition within the self-storage industry, leading to potential price wars.
  • Potential lack of differentiation as competitors offer similar services.
  • Dependency on third-party vendors and suppliers for maintenance and security services.

Opportunities

  • Expansion into international markets with growing demand for self-storage facilities.
  • Increasing utilization of storage units by businesses for inventory management.
  • Technological advancements for improved security systems and digital customer experiences.
  • Acquisition or partnership opportunities to strengthen market position and diversify services.

Threats

  • Economic recessions impacting consumer spending and reducing demand for storage.
  • New entrants in the self-storage market offering competitive pricing and innovative solutions.
  • Changing customer preferences and behaviors towards alternative storage options.
  • Stringent regulations and compliance requirements affecting storage facility operations.

Public Storage Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Public Storage Employees
Details
Date
Public Storage Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Public Storage Segments

Public Storage Revenue by Segment (1/3)

  • 3 Years

  • 5 Years

  • Max

Self-Storage Operations
Ancillary operations
Details
Date
Self-storage facilities
Self-Storage Operations
Ancillary operations
Jan 1, 2014
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2015
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2016
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
2.60 B USD
156.67 M USD
Jan 1, 2019
0.00 USD
2.68 B USD
162.27 M USD
Jan 1, 2020
0.00 USD
2.72 B USD
193.44 M USD

Public Storage Revenue by Segment (2/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Self-Storage Operations
Ancillary Operations
Other Items Not Allocated To Segments
Public Storage's investment in PS Business Parks
Details
Date
Self-Storage Operations
Ancillary Operations
Other Items Not Allocated To Segments
Public Storage's investment in PS Business Parks
Jan 1, 2014
0.00 USD
0.00 USD
129.80 M USD
15.72 M USD
Jan 1, 2015
2.24 B USD
146.17 M USD
0.00 USD
0.00 USD
Jan 1, 2016
2.41 B USD
154.72 M USD
0.00 USD
0.00 USD
Jan 1, 2017
2.51 B USD
156.10 M USD
0.00 USD
0.00 USD
Jan 1, 2018
2.60 B USD
156.67 M USD
0.00 USD
0.00 USD
Jan 1, 2019
2.68 B USD
162.27 M USD
0.00 USD
0.00 USD
Jan 1, 2020
2.72 B USD
193.44 M USD
0.00 USD
0.00 USD

Public Storage Revenue by Segment (3/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Domestic self-storage rental operations
Details
Date
Domestic self-storage rental operations
Jan 1, 2014
2.05 B USD
Jan 1, 2015
0.00 USD
Jan 1, 2016
0.00 USD
Jan 1, 2017
0.00 USD
Jan 1, 2018
0.00 USD
Jan 1, 2019
0.00 USD
Jan 1, 2020
0.00 USD

Public Storage Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Public Storage historical P/E ratio, EBIT multiple, and P/S ratio

Public Storage annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Public Storage shares outstanding

The number of shares of Public Storage was 175.86 M in 2025. This indicates how many shares Public Storage is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
176.08 M Stocks
Jan 1, 2022
176.14 M Stocks
Jan 1, 2023
175.67 M Stocks
Jan 1, 2024
175.93 M Stocks
Jan 1, 2025
175.86 M Stocks
Jan 1, 2026 (e)
175.86 M Stocks
Jan 1, 2027 (e)
175.86 M Stocks
Jan 1, 2028 (e)
175.86 M Stocks

Public Storage Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20263.00USDYTD
Mar 16, 20263.00USD 0.0%1/1
202512.00USD 0.0%
Mar 13, 20253.00USD 0.0%1/4
Jun 12, 20253.00USD 0.0%2/4
Sep 15, 20253.00USD 0.0%3/4
Dec 15, 20253.00USD 0.0%4/4
202412.00USD 0.0%
202312.00USD 43.4%
202221.19USD 164.1%
20218.03USD 0.3%
20208.00USD 0.0%
20198.00USD 0.0%
20188.00USD 0.0%
20178.00USD 11.1%

Public Storage dividend history and estimates

In 2025, Public Storage paid a dividend amounting to 12.00 USD. Dividend means that Public Storage distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
8.03 USD
0.00 USD
0.00 USD
Jan 1, 2022
21.19 USD
0.00 USD
13.15 USD
Jan 1, 2023
12.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
12.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
12.00 USD
0.00 USD
0.00 USD
Jan 1, 2026 (e)
3.00 USD
9.00 USD
0.00 USD
Jan 1, 2027 (e)
0.00 USD
13.01 USD
0.00 USD
Jan 1, 2028 (e)
0.00 USD
14.11 USD
0.00 USD

Public Storage dividend payout ratio

In 2025, Public Storage had a payout ratio of 71.56%. The payout ratio indicates the percentage of the company's profits that Public Storage distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

FFO payout ratio
Details
Date
FFO payout ratio
Jan 1, 2021
52.87 %
Jan 1, 2022
71.04 %
Jan 1, 2023
67.35 %
Jan 1, 2024
65.68 %
Jan 1, 2025
71.56 %
Jan 1, 2026 (e)
0.00 %
Jan 1, 2027 (e)
0.00 %
Jan 1, 2028 (e)
0.00 %

Current Public Storage forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.65 %
Buy
48.00 % (12)
Hold
52.00 % (13)
Sell
0.00 % (0)
12M Price Target
311.10
Last Price
325.68
Currency
USD
12M Return Potential
-4.48 %
LTM Return
0 %

Public Storage Analyst Rating Actions

DateFirmActionRatingReliability
7/31/2026
RBC Capital
RBC Capital
MaintainedSector Perform52
7/10/2026
UBS
UBS
MaintainedNeutral51
7/10/2026
Barclays
Barclays
DowngradeOverweightEqual Weight33
7/8/2026
Scotiabank
Scotiabank
MaintainedSector Outperform75
7/6/2026
Evercore ISI Group
Evercore ISI Group
MaintainedIn Line62
6/23/2026
Truist Securities
Truist Securities
MaintainedBuy
6/23/2026
Evercore ISI Group
Evercore ISI Group
MaintainedIn Line62
6/18/2026
Scotiabank
Scotiabank
MaintainedSector Outperform75
6/16/2026
Citigroup
Citigroup
MaintainedBuy48
5/27/2026
Mizuho
Mizuho
MaintainedNeutral31

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Public Storage Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/29/20262.64USD-1.25 BUSD-2026 Q2
5/5/20262.43USD-1.23 BUSD-2026 Q1
2/12/20262.53USD-1.22 BUSD-2025 Q4
5/1/20242.75USD-1.15 BUSD-2024 Q1
2/19/20242.76USD-1.13 BUSD-2023 Q4
8/2/20232.99USD-1.13 BUSD-2023 Q2
5/1/20232.72USD-1.08 BUSD-2023 Q1
2/20/20232.70USD-1.08 BUSD-2022 Q4
11/1/20222.76USD-1.08 BUSD-2022 Q3
8/4/20222.57USD-1.03 BUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Public Storage stock

92/100
99
Environment
99
Social
77
Governance
E

Environment

20
Scope 1 - Direct Emissions19,167
Scope 2 - Indirect emissions from purchased energy112,095
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions131,262
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees65
Percentage of women in management
Percentage of Asian employees4
Share of Asian management
Percentage of Hispanic/Latino employees18
Hispano/Latino Management share
Percentage of Black employees25
Black Management Share
Percentage of white employees47
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Public Storage shareholder structure

% Name
9.51927%
BLACKROCK, INC.
BLACKROCK, INC.
7.69875%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
5.83626%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
5.81827%
STATE STREET CORP
STATE STREET CORP
3.61782%
CAPITAL INTERNATIONAL INVESTORS
CAPITAL INTERNATIONAL INVESTORS
3.20713%
PRICE T ROWE ASSOCIATES INC /MD/
PRICE T ROWE ASSOCIATES INC /MD/
...

Public Storage Beneficial Ownership Filings (SEC 13D/G)

Free Float
84.5%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
25.90%
Public Storage
Public Storage
SEC ↗
11.45%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
10.10%
Gustavson
Gustavson
SEC ↗
9.60%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
7.72%
Vanguard Portfolio Management
Vanguard Portfolio Management
SEC ↗
7.04%
Cohen & Steers, Inc. 14-1904657
Cohen & Steers, Inc. 14-1904657
SEC ↗
6.91%
Cohen & Steers Capital Management, Inc.     13-3353336
Cohen & Steers Capital Management, Inc.     13-3353336
SEC ↗
6.80%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
6.37%
BlackRock for purposes of Schedule 13G filings.
BlackRock for purposes of Schedule 13G filings.
SEC ↗
5.87%
13-3353336
13-3353336
SEC ↗

Public Storage Executives and Management Board

17 members · avg. age 58 · 29 % women

JR

Mr. Joseph Russell (63)

President, Chief Executive Officer, Director · since 2016

9.20 M USD

Management

HB

Mr. H. Thomas Boyle (40)

Chief Financial Officer, Chief Investment Officer

6.56 M USD
NJ

Ms. Natalia Johnson (46)

Chief Administrative Officer

4.44 M USD
NV

Mr. Nathaniel Vitan (49)

Chief Legal Officer, Corporate Secretary

3.53 M USD
DN

Mr. David Neithercut (67)

Lead Independent Trustee

582,417.00 USD
KP

Ms. Kristy Pipes (64)

Independent Trustee

572,417.00 USD
AP

Mr. Avedick Poladian (72)

Independent Trustee

567,417.00 USD

Board of Directors

RH

Mr. Ronald Havner (65)

Non-Executive Chairman of the Board of Trustees · since 2002

547,417.00 USD

Public Storage Supply Chain

Public Storage Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
7 companies
#Nameβ 1YTrend
1
BlackRock
Supplier·Customer
0.93
0.47
0.69
0.88
0.92
0.90
1.12
2
Shurgard Self Storage
Supplier·Customer
0.12
0.17
0.78
0.87
0.92
0.90
1.22
3
State Street
Supplier·Customer
0.72
0.29
0.58
0.38
0.77
0.78
4
Cohen & Steers
Supplier·Customer
0.44
0.36
0.60
0.95
0.76
0.73
5
Fabasoft AG
Supplier
0.85
-0.17
-0.34
-0.71
-0.71
0.56
#Nameβ 1YTrend
1
Fabasoft AG
Supplier
0.83
2
-0.01
0
-0.63
-0.66
-0.33

Frequently asked questions about Public Storage

Public Storage operates as a real estate investment trust (REIT) specializing in self-storage facilities. The business model of Public Storage revolves around providing individuals and businesses with secure and convenient storage solutions for their belongings. Public Storage owns and operates a vast network of self-storage properties across the United States, offering a range of unit sizes and lease options to cater to various storage needs. By generating rental income from these facilities, Public Storage has established itself as a leading player in the self-storage industry while delivering reliable and trustworthy storage services to its customers.

Public Storage is primarily active in the industry of self-storage.

Public Storage's main competitors in the market include Extra Space Storage, CubeSmart, and Life Storage.

Public Storage is a renowned self-storage real estate investment trust (REIT) with a rich history and a strong background. Established in 1972, Public Storage has grown to become the largest self-storage company in the world, operating thousands of facilities across the United States. The company provides storage solutions to individuals and businesses, allowing them to securely store their belongings and maximize their space. Public Storage has a proven track record of delivering exceptional service, convenience, and reliability to its customers. With its extensive network and commitment to customer satisfaction, Public Storage has established itself as a trusted and reliable choice for all storage needs.

Public Storage has achieved several significant milestones since its inception. As a leading real estate investment trust (REIT), Public Storage has grown into the largest self-storage company in the United States. With over 2,500 self-storage facilities across the country, the company has successfully expanded its presence in major metropolitan areas. Public Storage also boasts a strong financial track record, consistently delivering robust returns to investors. With its commitment to providing customers with convenient and secure storage solutions, Public Storage continues to lead the industry, while maintaining a strong competitive advantage.

Public Storage is primarily present in the United States of America and operates across all 50 states. As the leading self-storage company in the country, Public Storage has a vast presence and numerous storage facilities located throughout various cities and regions within the USA. With a strong market presence and a reputation for providing secure and accessible storage solutions, Public Storage remains a trusted choice for individuals and businesses seeking reliable storage options.

Public Storage represents values of integrity, trust, and exceptional customer service. As a leading self-storage real estate investment trust (REIT), the company is dedicated to providing reliable storage solutions to individuals and businesses. Public Storage operates on the philosophy of prioritizing the needs and satisfaction of its customers. With a vast network of conveniently located facilities, the company ensures accessibility and security for all storage requirements. Public Storage's commitment to excellence and its customer-centric approach make it a highly reputable and trusted provider in the storage industry.

Analysts currently set an average price target of 314.28 USD for the Public Storage stock (median: 311.10 USD), implying -3.5 % versus the latest price. The consensus is based on 25 analyst ratings.

25 analysts currently rate the Public Storage stock: 10 recommend buying, 15 holding and 0 selling. For 2026, analysts expect Public Storage to generate revenue of 5.04 B USD and earnings per share of 10.20 USD.

Converted at the current exchange rate, the Public Storage share trades at 284.44 EUR (328.58 USD).

The Public Storage share (PSA) is listed on 7 stock exchanges, including: NYSE (PSA-PG), Frankfurt (PUP.F), München (PUP.MU), Düsseldorf (PUP.DU), London (0KS3.L), London (0KS3.L), SIX (Zürich) (PUP.SW).

Public Storage is one of the largest self-storage companies worldwide. The company offers customers storage units in various sizes and styles, including climate-controlled and soundproof options, to ensure that their belongings are safe and protected. Public Storage's business model is based on renting storage units and similar facilities to customers who need additional storage space and do not have room in their own apartment or house. This includes individuals and businesses of all types and sizes, including overseas markets. Public Storage has over 2,400 locations in the USA and Europe, strategically placed near residential areas, commercial areas, and transportation connections, to allow customers easy access to their stored belongings. In addition to standard storage units, Public Storage also offers special facilities, such as small boxes for transporting documents or other small items, or specialized storage units for boats, RVs, and trailers. To ensure the security of stored belongings and provide customers with a stress-free experience, Public Storage offers various security features, such as access control, video surveillance, alarm systems, and emergency response systems. Another important component of Public Storage's business model is the offering of packaging and moving supplies, such as boxes, packing tape, and protective film. This helps customers safely pack and transport their belongings. Public Storage also provides a range of online services, including the ability to book and pay for storage units online, as well as manage rental agreements, payments, and other services through the internet. Over the years, Public Storage has also diversified its business model by investing in other areas, such as acquiring real estate, renting office spaces, and developing residential properties. Public Storage's business model has proven to be extremely successful and has enabled the company to achieve strong growth and financial performance. Today, Public Storage is one of the leading brands in the self-storage industry and is expected to remain an important player in the market in the future.

The expected revenue of Public Storage is 5.04 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Public Storage is 1.79 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Public Storage is currently 32.21. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Public Storage stock.

The price-to-sales ratio (P/S) of Public Storage is currently 11.46. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Public Storage stock.

The Eulerpool Quality Score for Public Storage is 4/10.

The ISIN of Public Storage is US74460D1090. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Public Storage is 867609. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Public Storage is PSA. The ticker symbol is used to trade Public Storage shares on the stock exchange.

Over the past 12 months, Public Storage paid a dividend of 12.00 USD . This corresponds to a dividend yield of about 3.65 %. For the coming 12 months, Public Storage is expected to pay a dividend of 13.01 USD.

The current dividend yield of Public Storage is 3.65 %.

Public Storage pays a dividend, distributed in the months of , , , .

Public Storage paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 13.01 USD are expected. This corresponds to a dividend yield of 4.00 %.

Public Storage is assigned to the 'Real Estate' sector.

To receive the latest dividend of Public Storage from amounting to 3 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Public Storage distributed 12 USD as dividends.

The dividends of Public Storage are distributed in USD.