(PSA) Public Storage - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US74460D1090
Stock: Storage Units, Vehicle Storage, Climate-Controlled Units, Packing Supplies
Total Rating 38
Risk 91
Buy Signal -0.49
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.18% |
| Yield on Cost 5y | 6.40% |
| Yield CAGR 5y | 10.67% |
| Payout Consistency | 94.4% |
| Payout Ratio | 1.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 22.8% |
| Relative Tail Risk | -1.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.12 |
| Alpha | -10.13 |
| Character TTM | |
|---|---|
| Beta | 0.435 |
| Beta Downside | 0.368 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.62% |
| CAGR/Max DD | 0.11 |
Description: PSA Public Storage January 28, 2026
Public Storage (NYSE: PSA) is an S&P 500 REIT that acquires, develops, owns, and operates self-storage facilities. As of September 30 2025 the company owned or operated 3,491 U.S. sites (≈254 million net rentable square feet) across 40 states and held a 35 % equity stake in Shurgard Self Storage, which runs 323 facilities (≈18 million square feet) in seven Western European countries.
Recent performance metrics show an industry-wide occupancy rate of 94 % in Q4 2024, with PSA’s average rent per rentable square foot climbing to $1.55 (≈5 % YoY). Despite a 6 % increase in the 10-year Treasury yield, PSA delivered a 5 % year-over-year growth in funds-from-operations (FFO) and maintained a dividend payout ratio of 75 %, underscoring its cash-flow resilience. Key demand drivers remain strong: continued e-commerce growth, urban housing shortages, and a shift toward “just-in-time” inventory storage are expanding the addressable market for self-storage.
For a deeper quantitative dive, you might explore ValueRay’s detailed PSA model to assess how these trends could affect future valuation.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 1.89b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 1.89 > 1.0 |
| NWC/Revenue: -7.69% < 20% (prev -0.44%; Δ -7.25% < -1%) |
| CFO/TA 0.16 > 3% & CFO 3.22b > Net Income 1.89b |
| Net Debt (9.75b) to EBITDA (3.34b): 2.91 < 3 |
| Current Ratio: 0.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (175.9m) vs 12m ago 0.01% < -2% |
| Gross Margin: 73.01% > 18% (prev 0.74%; Δ 7228 % > 0.5%) |
| Asset Turnover: 23.98% > 50% (prev 23.62%; Δ 0.36% > 0%) |
| Interest Coverage Ratio: 7.47 > 6 (EBITDA TTM 3.34b / Interest Expense TTM 295.4m) |
Altman Z'' 0.32
| A: -0.02 (Total Current Assets 296.5m - Total Current Liabilities 664.4m) / Total Assets 20.11b |
| B: -0.06 (Retained Earnings -1.15b / Total Assets 20.11b) |
| C: 0.11 (EBIT TTM 2.21b / Avg Total Assets 19.96b) |
| D: -0.11 (Book Value of Equity -1.18b / Total Liabilities 10.71b) |
| Altman-Z'' Score: 0.32 = B |
What is the price of PSA shares?
As of February 07, 2026, the stock is trading at USD 287.00 with a total of 661,218 shares traded.
Over the past week, the price has changed by +3.91%, over one month by +6.17%, over three months by +5.92% and over the past year by -1.25%.
Over the past week, the price has changed by +3.91%, over one month by +6.17%, over three months by +5.92% and over the past year by -1.25%.
Is PSA a buy, sell or hold?
Public Storage has received a consensus analysts rating of 3.90.
Therefore, it is recommended to buy PSA.
- StrongBuy: 7
- Buy: 5
- Hold: 9
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PSA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 309.2 | 7.7% |
| Analysts Target Price | 309.2 | 7.7% |
| ValueRay Target Price | 302.5 | 5.4% |
PSA Fundamental Data Overview February 03, 2026
P/E Trailing = 28.8299
P/E Forward = 28.4091
P/S = 10.1062
P/B = 10.1014
P/EG = 10.5661
Revenue TTM = 4.79b USD
EBIT TTM = 2.21b USD
EBITDA TTM = 3.34b USD
Long Term Debt = 10.04b USD (from longTermDebt, last quarter)
Short Term Debt = 284.1m USD (from shortTermDebt, last quarter)
Debt = 10.04b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.75b USD (from netDebt column, last quarter)
Enterprise Value = 58.21b USD (48.46b + Debt 10.04b - CCE 296.5m)
Interest Coverage Ratio = 7.47 (Ebit TTM 2.21b / Interest Expense TTM 295.4m)
EV/FCF = 18.67x (Enterprise Value 58.21b / FCF TTM 3.12b)
FCF Yield = 5.36% (FCF TTM 3.12b / Enterprise Value 58.21b)
FCF Margin = 65.16% (FCF TTM 3.12b / Revenue TTM 4.79b)
Net Margin = 39.53% (Net Income TTM 1.89b / Revenue TTM 4.79b)
Gross Margin = 73.01% ((Revenue TTM 4.79b - Cost of Revenue TTM 1.29b) / Revenue TTM)
Gross Margin QoQ = 72.97% (prev 73.52%)
Tobins Q-Ratio = 2.89 (Enterprise Value 58.21b / Total Assets 20.11b)
Interest Expense / Debt = 0.79% (Interest Expense 79.7m / Debt 10.04b)
Taxrate = 0.55% (2.83m / 517.6m)
NOPAT = 2.19b (EBIT 2.21b * (1 - 0.55%))
Current Ratio = 0.45 (Total Current Assets 296.5m / Total Current Liabilities 664.4m)
Debt / Equity = 1.08 (Debt 10.04b / totalStockholderEquity, last quarter 9.31b)
Debt / EBITDA = 2.91 (Net Debt 9.75b / EBITDA 3.34b)
Debt / FCF = 3.13 (Net Debt 9.75b / FCF TTM 3.12b)
Total Stockholder Equity = 9.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.48% (Net Income 1.89b / Total Assets 20.11b)
RoE = 19.93% (Net Income TTM 1.89b / Total Stockholder Equity 9.49b)
RoCE = 11.30% (EBIT 2.21b / Capital Employed (Equity 9.49b + L.T.Debt 10.04b))
RoIC = 14.68% (NOPAT 2.19b / Invested Capital 14.96b)
WACC = 6.36% (E(48.46b)/V(58.50b) * Re(7.52%) + D(10.04b)/V(58.50b) * Rd(0.79%) * (1-Tc(0.01)))
Discount Rate = 7.52% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.06%
[DCF Debug] Terminal Value 84.71% ; FCFF base≈2.95b ; Y1≈3.03b ; Y5≈3.37b
Fair Price DCF = 439.0 (EV 86.78b - Net Debt 9.75b = Equity 77.04b / Shares 175.5m; r=6.36% [WACC]; 5y FCF grow 2.50% → 2.90% )
EPS Correlation: -50.54 | EPS CAGR: -47.34% | SUE: -4.0 | # QB: 0
Revenue Correlation: 91.26 | Revenue CAGR: 7.78% | SUE: 0.71 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.42 | Chg30d=-0.031 | Revisions Net=-3 | Analysts=4
EPS next Year (2026-12-31): EPS=10.08 | Chg30d=-0.208 | Revisions Net=-3 | Growth EPS=-0.6% | Growth Revenue=+2.7%
P/E Forward = 28.4091
P/S = 10.1062
P/B = 10.1014
P/EG = 10.5661
Revenue TTM = 4.79b USD
EBIT TTM = 2.21b USD
EBITDA TTM = 3.34b USD
Long Term Debt = 10.04b USD (from longTermDebt, last quarter)
Short Term Debt = 284.1m USD (from shortTermDebt, last quarter)
Debt = 10.04b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.75b USD (from netDebt column, last quarter)
Enterprise Value = 58.21b USD (48.46b + Debt 10.04b - CCE 296.5m)
Interest Coverage Ratio = 7.47 (Ebit TTM 2.21b / Interest Expense TTM 295.4m)
EV/FCF = 18.67x (Enterprise Value 58.21b / FCF TTM 3.12b)
FCF Yield = 5.36% (FCF TTM 3.12b / Enterprise Value 58.21b)
FCF Margin = 65.16% (FCF TTM 3.12b / Revenue TTM 4.79b)
Net Margin = 39.53% (Net Income TTM 1.89b / Revenue TTM 4.79b)
Gross Margin = 73.01% ((Revenue TTM 4.79b - Cost of Revenue TTM 1.29b) / Revenue TTM)
Gross Margin QoQ = 72.97% (prev 73.52%)
Tobins Q-Ratio = 2.89 (Enterprise Value 58.21b / Total Assets 20.11b)
Interest Expense / Debt = 0.79% (Interest Expense 79.7m / Debt 10.04b)
Taxrate = 0.55% (2.83m / 517.6m)
NOPAT = 2.19b (EBIT 2.21b * (1 - 0.55%))
Current Ratio = 0.45 (Total Current Assets 296.5m / Total Current Liabilities 664.4m)
Debt / Equity = 1.08 (Debt 10.04b / totalStockholderEquity, last quarter 9.31b)
Debt / EBITDA = 2.91 (Net Debt 9.75b / EBITDA 3.34b)
Debt / FCF = 3.13 (Net Debt 9.75b / FCF TTM 3.12b)
Total Stockholder Equity = 9.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.48% (Net Income 1.89b / Total Assets 20.11b)
RoE = 19.93% (Net Income TTM 1.89b / Total Stockholder Equity 9.49b)
RoCE = 11.30% (EBIT 2.21b / Capital Employed (Equity 9.49b + L.T.Debt 10.04b))
RoIC = 14.68% (NOPAT 2.19b / Invested Capital 14.96b)
WACC = 6.36% (E(48.46b)/V(58.50b) * Re(7.52%) + D(10.04b)/V(58.50b) * Rd(0.79%) * (1-Tc(0.01)))
Discount Rate = 7.52% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.06%
[DCF Debug] Terminal Value 84.71% ; FCFF base≈2.95b ; Y1≈3.03b ; Y5≈3.37b
Fair Price DCF = 439.0 (EV 86.78b - Net Debt 9.75b = Equity 77.04b / Shares 175.5m; r=6.36% [WACC]; 5y FCF grow 2.50% → 2.90% )
EPS Correlation: -50.54 | EPS CAGR: -47.34% | SUE: -4.0 | # QB: 0
Revenue Correlation: 91.26 | Revenue CAGR: 7.78% | SUE: 0.71 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.42 | Chg30d=-0.031 | Revisions Net=-3 | Analysts=4
EPS next Year (2026-12-31): EPS=10.08 | Chg30d=-0.208 | Revisions Net=-3 | Growth EPS=-0.6% | Growth Revenue=+2.7%