Public Storage (PSA US)
PSA US$310.05
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Performance
Share price activity
- Last (Price)
- 310.05
- Change
- ▼ -2.42 (-0.77)
- Bid / Ask
- 310.32 - 310.42
- Volume
- 355,199
- Turnover
- 94,960,957
- Open
- 312.58
- Day Range
- 309.96 - 318.32
- VWAP
- 310.99
- Prev Close
- 312.47
- Last Trade
- 28/10 4:10pm
Key information
- Sector
- Real Estate
- Shares Issued
- 186,843,449
- NTA/Share
- 51.80
- Last Dividend
- 3.00
- Dividend Ex Date
- 15 SEP 2026
- Dividend Pay Date
- 6 OCT 2026
Current (USD) · FY2025
- Revenue
- 4,824.11
- EBITDA
- 3,209.52
- Profit
- 1,585.59
- Earnings Per Share (EPS)
- 9.01
- Dividend Per Share (DPS)
- 12.00
- Yield %
- 3.87
- Market Cap
- 57,930.81
- Price to Earnings Ratio (P/E)
- 32.60
Estimates (USD) · FY2027
- Revenue
- 5,454.27
- EBITDA
- 3,663.52
- Profit
- 2,037.84
- Earnings Per Share (EPS)
- 10.64
- Dividend Per Share (DPS)
- 12.29
Quantitative rating
Undervalued
- Economic Moat
- None
- Financial Health
- Strong
- Uncertainty
- High
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Five-star price 285.83 Fair value 333.58 One-star price 389.31
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative valuation
- Fair Value
- 333.58
- Price / Fair Value
- 0.93
- Valuation
- Undervalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 28 OCT 2026. The slider runs from the five-star price (285.83) to the one-star price (389.31).
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 310.05 |
| Price - 12 month high | 335.29 |
| Price - 12 month low | 256.54 |
| Pricing date | 27 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.82 |
| Market capitalization | 57,930.81 |
| 12 Month High price date | 29 JUL 2026 |
| 12 Month Low price date | 5 JAN 2026 |
| Volume - avg. trading volume for the last 3 months | 0.89 |
| Price - 1 Day % Change | -0.77% |
| Price - 13 week price percent change | -6.18% |
| Price - 26 week price percent change | 4.34% |
| Price - 5 Day % Change | 3.94% |
| Price - 52 week price percent change | 4.03% |
| Price - YTD price percent change | 18.73% |
| Price % Change Month To Date | 8.87% |
| EPS excluding extraordinary items - most recent fiscal year | 9.010 |
| EPS excluding extraordinary items - trailing 12 month | 9.510 |
| EPS Normalized - most recent fiscal year | 10.068 |
| Revenue/share - most recent fiscal year | 27.425 |
| Revenue/share - trailing 12 month | 28.195 |
| Book value per share - most recent fiscal year | 27.910 |
| Book value per share - most recent quarter | 52.357 |
| Book value (tangible) per share - most recent fiscal year | 51.796 |
| Book value (tangible) per share - most recent quarter | 74.201 |
| Cash per share - most recent fiscal year | 1.813 |
| Cash per share - most recent quarter | 2.999 |
| Cash Flow per share - most recent fiscal year | 18.105 |
| Cash Flow per share - trailing 12 month | 17.590 |
| Dividend per share - most recent fiscal year | 12.000 |
| Dividends per share - trailing 12 month | 12.000 |
| EBITD per share - trailing 12 month | 19.577 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 9.040 |
| EPS Basic excluding extraordinary items - trailing 12 month | 9.560 |
| EPS including extraordinary items - most recent fiscal year | 9.040 |
| EPS including extraordinary items - trailing 12 month | 9.550 |
| Free Cash Flow per share - trailing 12 month | 15.915 |
| P/E excluding extraordinary items, most recent fiscal year | 32.60 |
| P/E Normalized, most recent fiscal year | 31.49 |
| Price to sales - most recent fiscal year | 11.00 |
| Price to Tangible Book - most fiscal year | 6.87 |
| Price to Free Cash Flow per Share - most recent fiscal year | 19.48 |
| Price to Cash Flow per share - trailing 12 month | 17.63 |
| Price to Book - most recent fiscal year | 5.92 |
| P/E excluding extraordinary items high, trailing 12 months | 34.65 |
| P/E excluding extraordinary items low, trailing 12 months | 26.84 |
| Net Debt, LFI | 11,631.65 |
| Net Debt, LFY | 9,935.79 |
| Dividend Yield - 5 Year Average | 3.37% |
| Dividend Yield - indicated annual dividend divided by closing price | 3.84% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 3.87% |
| Free Cash Flow - most recent fiscal year | 2,895.27 |
| LT debt/equity - most recent fiscal year | 109.76% |
| Payout ratio - most recent fiscal year | 133.19% |
| Total debt/total equity - most recent fiscal year | 109.76% |
| LT debt/equity - most recent quarter | 78.79% |
| Total debt/total equity - most recent quarter | 80.11% |
| Free Cash Flow - trailing 12 month | 2,840.76 |
| Payout ratio - trailing 12 month | 126.05% |
| Revenue - most recent fiscal year | 4,824.11 |
| Revenue - trailing 12 month | 5,032.60 |
| EBITD - most recent fiscal year | 3,209.52 |
| EBITD - trailing 12 month | 3,494.34 |
| Earnings before taxes - most recent fiscal year | 1,789.80 |
| Earnings before taxes - trailing 12 month | 1,895.24 |
| Net Income available to common - most recent fiscal year | 1,585.59 |
| Net Income available to common - trailing 12 months | 1,696.31 |
| Earnings before taxes Normalized - most recent fiscal year | 2,039.79 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 9.85 |
| Net Profit Margin % - 1st historical fiscal year | 37.25% |
| Net Profit Margin % - trailing 12 month | 38.17% |
| Operating margin - 1st historical fiscal year | 46.86% |
| Operating margin - trailing 12 month | 44.16% |
| Pretax margin - trailing 12 month | 37.66% |
| Pretax margin - 1st historical fiscal year | 37.10% |
| Operating Margin - 5 year average | 49.38% |
| Pretax Margin - 5 year average | 58.42% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 61.40% |
| Free Operating Cash Flow/Revenue, TTM | 56.45% |
| Net Profit Margin - 5 year average | 58.25% |
| Return on average assets - most recent fiscal year | 8.96% |
| Return on average assets - trailing 12 month | 8.79% |
| Return on average equity - most recent fiscal year | 35.29% |
| Return on average equity - trailing 12 month | 32.71% |
| Return on average assets - 5 year average | 13.70% |
| Return on average equity - 5 year average | 46.08% |
| Net Income/employee - most recent fiscal year | 311,444.02 |
| Revenue/employee - most recent fiscal year | 836,068.11 |
| Revenue growth rate, 5 year | 10.60% |
| EPS growth rate, 5 year | 7.45% |
| Growth rate% - dividend, 3 year | 14.47% |
| Revenue/share (5 yr growth) | 10.44% |
| Growth rate% - Revenue, 3 year | 4.88% |
| Growth rate% - EPS, 3 year | -27.35% |
| Book value per share growth rate, 5 year | 0.44% |
| Capital Spending growth rate, 5 year | 11.23% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 10.50% |
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financials (USD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
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Business Summary
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 259 million square feet of rentable space. Through equity interests, it also has exposureto the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.