Public Storage (PSA) Stock Price, Fundamentals & Analysis

What PSA does

Public Storage (PSA) is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. As of June 30, 2026, the firm owned and/or operated 3,584 self-storage facilities across 40 U.S. states with roughly 259 million net rentable square feet, and it holds a 35% common equity interest in Shurgard Self Storage Limited, which operates 335 facilities in seven Western European countries. PSA is a member of the S&P 500, and its business model is comparable to peers such as Prologis (PLD), Camden Property Trust (CPT), and Invitation Homes (INVH).

Key numbers explained

• 286.73 USD — the current share price in U.S. dollars.
• -1.03% — the price change today, showing the intraday move relative to the previous close.
• 53.58B USD — the market capitalisation, which is the total value of all outstanding shares.
• 27.4 trailing P/E ratio — the share price divided by trailing 12-month earnings per share; a higher number can mean the market expects faster growth.
• 28 forward P/E ratio — the same calculation but based on expected future earnings.
• 10.47 USD trailing 12-month EPS — the portion of profit allocated to each share over the last 12 months.
• 4.14% dividend yield — the annual dividend per share divided by the share price, showing the cash return relative to the price.
• 115% share of earnings paid out as dividends — PSA returns more than 100% of earnings as dividends, often funded by other cash flows.
• 0.94 beta — a measure of price volatility versus the market; below 1 means less volatile.
• 256.54 – 335.55 52-week range — the lowest and highest prices seen over the past year.
• 3.2% price change over the last 52 weeks — the total return from one year ago to today.
• 4.91B USD trailing 12-month revenue — the total sales over the last 12 months.
• 3.3% revenue growth year over year — the year-on-year increase in revenue.
• 41.6% profit margin — net income as a percentage of revenue.
• 45.7% operating margin — operating income as a percentage of revenue.
• 21.9% return on equity — how efficiently the company generates profit from shareholders' equity.
• 109.6% debt-to-equity ratio — total debt relative to shareholders' equity, indicating the level of financial leverage.
• 10.4 price-to-book — the share price divided by book value per share.

Recent news

• Baron Capital re-initiated coverage of PSA, suggesting self-storage could be entering a new growth cycle.
• Evercore ISI adjusted its price target on PSA to 308 from 319, while maintaining an In Line rating.
• Headlines highlight how investors are reacting to PSA's dividend payout ratio testing its self-storage narrative, alongside a dedicated dividend analysis and a value comparison with VNO.

What to watch

For REITs like PSA, investors typically monitor interest rates, occupancy trends, and same-store revenue growth, as these affect both property valuations and cash available for dividends. The level of leverage (debt-to-equity) and the payout ratio relative to earnings are also common factors to track. Because PSA operates across multiple regions and is part of the S&P 500, broader market moves and sector rotation can influence its price. Comparing its metrics with peers such as Realty Income (O), Alexandria Real Estate Equities (ARE), or CBRE Group (CBRE) can provide additional context.