Public Storage (PSA)

Official site

REAL ESTATE • REIT - INDUSTRIAL • NYSE

$309.89

+0.76 (+0.25%)

Market Cap: $57.90B

Last updated: Oct 27, 2026 at 10:41 AM ET

Earnings

Performance (10Y)

Beat Rate

59%(23/39)

Avg Surprise

+2.05%

Upcoming Estimates

Period ending Dec 31, 2026

EPS Consensus$2.52

Range$1.85 - $3.07

4 analysts

Revenue Consensus

$1.3B

Range$1.2B - $1.6B

10 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$2.52	$1.85 - $3.07	-	-	4	-	-
Sep 30, 2026Sep 26 Reported Oct 26, 2026Reported Oct 26	$N/A	$4.27	$3.88 - $4.66	N/A	Beat	4	0 1 30d	-
Jun 30, 2026Jun 26 Reported Jul 29, 2026Reported Jul 29	$4.17	$4.25	$4.23 - $4.28	-1.88%	Miss	3	1 0 30d	+61.6%
Mar 31, 2026Mar 26 Reported Apr 27, 2026Reported Apr 27	$2.47	$2.42	$2.39 - $2.46	+2.07%	Beat	3	0 2 30d	+2.1%
Dec 31, 2025Dec 25 Reported Feb 12, 2026Reported Feb 12	$2.60	$2.50	$2.44 - $2.54	+4.00%	Beat	5	1 3 30d	+3.6%
Sep 30, 2025Sep 25 Reported Oct 29, 2025Reported Oct 29	$2.62	$2.54	$2.49 - $2.59	+3.15%	Beat	6	0 2 30d	+2.3%
Jun 30, 2025Jun 25 Reported Jul 30, 2025Reported Jul 30	$2.58	$2.55	$2.50 - $2.65	+1.18%	Beat	8	1 0 30d	-0.4%
Mar 31, 2025Mar 25 Reported Apr 30, 2025Reported Apr 30	$2.42	$2.39	$2.33 - $2.46	+1.26%	Beat	8	0 4 30d	+1.3%
Dec 31, 2024Dec 24 Reported Feb 24, 2025Reported Feb 24	$2.51	$2.55	$2.54 - $2.61	-1.60%	Miss	7	0 3 30d	+13.5%
Sep 30, 2024Sep 24 Reported Oct 30, 2024Reported Oct 30	$2.56	$2.60	$2.59 - $2.62	-1.54%	Miss	8	No revisions (30d)	-20.0%
Jun 30, 2024Jun 24 Reported Jul 30, 2024Reported Jul 30	$2.59	$2.56	$2.43 - $2.96	+1.17%	Beat	9	0 1 30d	-13.1%
Mar 31, 2024Mar 24 Reported Apr 30, 2024Reported Apr 30	$2.39	$2.45	$2.34 - $2.76	-2.45%	Miss	9	No revisions (30d)	-14.3%
Dec 31, 2023Dec 23 Reported Feb 20, 2024Reported Feb 20	$2.21	$2.73	$2.45 - $2.83	-19.05%	Miss	10	1 1 30d	+7.3%
Sep 30, 2023Sep 23 Reported Oct 30, 2023Reported Oct 30	$3.20	$2.78	$2.69 - $2.94	+15.11%	Beat	7	0 1 30d	-3.3%
Jun 30, 2023Jun 23 Reported Aug 2, 2023Reported Aug 2	$2.98	$2.89	$2.86 - $2.97	+3.11%	Beat	5	2 0 30d	-12.9%
Mar 31, 2023Mar 23 Reported May 3, 2023Reported May 3	$2.79	$2.67	$2.44 - $2.80	+4.49%	Beat	6	No revisions (30d)	+6.1%
Dec 31, 2022Dec 22 Reported Feb 21, 2023Reported Feb 21	$2.06	$2.65	$2.47 - $2.75	-22.26%	Miss	6	2 0 30d	-35.0%
Sep 30, 2022Sep 22 Reported Nov 1, 2022Reported Nov 1	$3.31	$2.75	$2.55 - $2.96	+20.36%	Beat	7	3 0 30d	+31.3%
Jun 30, 2022Jun 22 Reported Aug 4, 2022Reported Aug 4	$3.42	$2.54	$2.54 - $2.54	+34.65%	Beat	0	No revisions (30d)	+73.6%
Mar 31, 2022Mar 22 Reported May 3, 2022Reported May 3	$2.63	$2.33	$2.25 - $2.35	+12.88%	Beat	7	No revisions (30d)	+19.0%
Dec 31, 2021Dec 21 Reported Feb 22, 2022Reported Feb 22	$3.17	$2.17	$2.12 - $2.29	+46.08%	Beat	8	2 0 30d	+89.8%
Sep 30, 2021Sep 21 Reported Nov 1, 2021Reported Nov 1	$2.52	$2.17	$1.92 - $2.29	+16.13%	Beat	8	3 0 30d	+78.7%
Jun 30, 2021Jun 21 Reported Aug 3, 2021Reported Aug 3	$1.97	$1.94	$1.50 - $2.03	+1.55%	Beat	7	1 0 30d	+39.7%
Mar 31, 2021Mar 21 Reported Apr 28, 2021Reported Apr 28	$2.21	$1.80	$1.64 - $1.83	+22.78%	Beat	7	2 0 30d	+23.5%
Dec 31, 2020Dec 20 Reported Feb 24, 2021Reported Feb 24	$1.67	$1.94	$1.90 - $1.98	-13.92%	Miss	7	1 0 30d	-10.7%
Sep 30, 2020Sep 20 Reported Nov 4, 2020Reported Nov 4	$1.41	$1.72	$1.61 - $1.79	-18.02%	Miss	5	No revisions (30d)	-26.9%
Jun 30, 2020Jun 20 Reported Aug 5, 2020Reported Aug 5	$1.41	$1.64	$1.50 - $1.66	-14.02%	Miss	6	2 0 30d	-19.9%
Mar 31, 2020Mar 20 Reported Apr 30, 2020Reported Apr 30	$1.79	$1.71	$1.67 - $1.80	+4.68%	Beat	5	No revisions (30d)	+3.5%
Dec 31, 2019Dec 19 Reported Feb 25, 2020Reported Feb 25	$1.87	$2.01	$1.96 - $2.05	-6.97%	Miss	6	No revisions (30d)	-13.8%
Sep 30, 2019Sep 19 Reported Oct 29, 2019Reported Oct 29	$1.93	$1.91	$1.88 - $1.94	+1.05%	Beat	6	No revisions (30d)	+4.3%
Jun 30, 2019Jun 19 Reported Jul 30, 2019Reported Jul 30	$1.76	$1.82	$1.81 - $1.85	-3.30%	Miss	4	No revisions (30d)	-12.0%
Mar 31, 2019Mar 19 Reported May 1, 2019Reported May 1	$1.73	$1.71	$1.69 - $1.74	+1.17%	Beat	4	No revisions (30d)	+4.8%
Dec 31, 2018Dec 18 Reported Feb 26, 2019Reported Feb 26	$2.17	$2.11	$1.92 - $2.63	+2.84%	Beat	4	No revisions (30d)	+13.0%
Sep 30, 2018Sep 18 Reported Oct 30, 2018Reported Oct 30	$1.85	$1.85	$1.83 - $1.86	+0.00%	Beat	4	No revisions (30d)	+14.9%
Jun 30, 2018Jun 18 Reported Aug 1, 2018Reported Aug 1	$2.00	$1.83	$1.80 - $1.89	+9.29%	Beat	5	No revisions (30d)	+25.8%
Mar 31, 2018Mar 18 Reported Apr 25, 2018Reported Apr 25	$1.65	$1.67	$1.65 - $1.70	-1.20%	Miss	6	No revisions (30d)	+1.9%
Dec 31, 2017Dec 17 Reported Feb 20, 2018Reported Feb 20	$1.92	$1.98	$1.94 - $2.01	-3.03%	Miss	6	No revisions (30d)	-5.4%
Sep 30, 2017Sep 17 Reported Oct 25, 2017Reported Oct 25	$1.61	$1.89	$1.84 - $1.93	-14.81%	Miss	6	No revisions (30d)	-
Jun 30, 2017Jun 17 Reported Jul 26, 2017Reported Jul 26	$1.59	$1.79	$1.67 - $1.85	-11.17%	Miss	6	No revisions (30d)	-
Mar 31, 2017Mar 17 Reported Apr 26, 2017Reported Apr 26	$1.62	$1.64	-	-1.22%	Miss	-	-	-
Dec 31, 2016Dec 16 Reported Feb 22, 2017Reported Feb 22	$2.03	$1.89	-	+7.41%	Beat	-	-	-

Dividends

Dividend Metrics

Forward Yield3.87%

Forward Annual Dividend$12.00

FrequencyQuarterly

Pay MonthsMar, Jun, Oct, Dec

Growth

3Y CAGR+14.47%

5Y CAGR+8.45%

PSA dividend history and ex-dividend dates Run PSA in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	26.13	EV/EBITDA	N/A
Price/FCF	N/A	FCF Yield	N/A
Profitability
Profit Margin	41.60%	Operating Margin	45.70%
ROE	21.90%	ROIC	7.21%
Financial Health
Debt/Equity	0.83x	Interest Coverage	6.64x
Current Ratio	0.35x	Quick Ratio	0.35x
Trading Statistics
Beta	0.93	Avg Volume	867.38K
52-Week High	$332.14	52-Week Low	$249.06

Technical Indicators Dashboard

Moving Averages

SMA 10$297.44

SMA 20$291.02

SMA 50$298.48

SMA 200$298.43

EMA 10$299.28

EMA 20$295.68

EMA 50$298.08

EMA 200$298.09

MACD

Line: 2.56Signal: -0.57Hist: 3.13

ADX

ADX: 26.6+DI: 31.0-DI: 12.1

Aroon & PSAR

Aroon Up100.0

Aroon Down36.0

PSAR$295.48

Bollinger Bands

Upper Band$308.35

Lower Band$273.69

%B Position1191%(Upper)

Band Width1.04

RSI (14-Day)

Neutral

66.1

Momentum Oscillators

Stoch %K92.1

Stoch %D88.6

Williams %R-2.7

ROC (10d)6.9%

Momentum20.03

CCI (20d)177.7

MFI (14d)66.8

Volatility Measures

ATR (14d)$6.09(2.0%)

StdDev (20d)8.67

Hist Vol21.2%(Moderate)

Volume Flow

VWAP$309.16

OBV-14.4M

AD Line-635.8M

CMF (20d)-0.011

Volume Metrics

Avg Vol (20d)879.3K

Vol Ratio0.9x

VWMA (20d)$290.32

Pivot Points

R3$324.17

R2$316.71

R1$312.92

Pivot Point$305.46

S1$301.67

S2$294.21

S3$290.42

Advanced Oscillators

TSI11.35

Ultimate Osc63.5

KST2.79

Financial Data

Quarter	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Total Revenue	$1.37B	$1.23B	$1.22B	$1.22B	$1.22B	$1.20B	$1.18B	$1.18B	$1.19B	$1.17B	$1.16B	$1.16B
Cost of Revenue	$376.89M	$344.11M	$339.94M	$329.27M	$330.85M	$318.00M	$331.85M	$310.77M	$321.70M	$301.04M	$324.48M	$290.83M
Gross Profit	$989.30M	$888.77M	$877.80M	$886.52M	$893.19M	$883.09M	$851.34M	$866.65M	$866.06M	$872.17M	$832.74M	$869.04M

Operating Expenses	$672.34M	$422.09M	$323.50M	$329.29M	$401.68M	$383.09M	$315.32M	$319.79M	$309.07M	$312.83M	$310.26M	$323.46M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$38.26M	$44.37M	$30.35M	$26.99M	$28.78M	$25.73M	$25.18M	$32.55M	$26.21M	$26.58M	$21.34M	$23.17M
Operating Income	$316.96M	$466.68M	$474.28M	$557.23M	$491.52M	$500.00M	$464.01M	$546.86M	$556.98M	$559.34M	$522.48M	$545.58M

Interest Income	$9.47M	$21.82M	$14.61M	$20.60M	$24.69M	$10.56M	$16.86M	$19.33M	$22.92M	$24.73M	$20.06M	$21.32M
Interest Expense	$0	$0	$80.02M	$81.19M	$79.69M	$135.35M	$72.01M	$72.14M	$74.25M	$73.24M	$67.78M	$68.60M
Income Before Tax	$363.31M	$505.65M	$530.94M	$495.33M	$517.60M	$364.65M	$412.22M	$616.99M	$435.63M	$523.28M	$513.18M	$444.26M
Income Tax Expense	$-15,036,000	$2.72M	$1.57M	$-14,725,000	$2.83M	$3.24M	$1.43M	$-1,373,000	$2.49M	$2.08M	$1.48M	$2.36M

Net Income	$378.35M	$502.94M	$529.38M	$510.06M	$514.77M	$361.41M	$410.79M	$618.36M	$433.14M	$521.21M	$511.70M	$441.90M

EBITDA	$769.65M	$774.36M	$809.73M	$854.23M	$785.92M	$639.79M	$680.54M	$953.16M	$767.30M	$855.13M	$846.10M	$779.07M
EBIT	$353.84M	$483.83M	$516.33M	$555.92M	$492.92M	$354.09M	$395.36M	$669.80M	$486.97M	$571.79M	$560.90M	$491.54M

* Some calculated fields are derived from available data when not provided by source

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News

Public Storage Reports Q3 2026 Earnings: EPS at $1.69, Revenue Updates, and Future Growth Insights

Public Storage (PSA) reported Q3 2026 net income of $1.69 per share, a decrease from the previous year, though Core FFO per share remained stable at $4.34. The company's acquisition strategy...

GuruFocus•Oct 26, 2026 8:07 PM ET10/26/26•Somewhat-Bullish

Additional Public Storage customer alleges mold damaged belongings in Royal Oak unit

Another Public Storage customer in Royal Oak, Erin Seitters-Walter, has come forward alleging that mold damaged her belongings in a climate-controlled unit...

ClickOnDetroit | WDIV Local 4•Oct 26, 2026 5:20 PM ET10/26/26•Bearish

Public Storage Q3 earnings grow amid reduced churn, guidance raised

Public Storage (PSA) reported strong Q3 earnings and revenue, surpassing Wall Street expectations due to lower customer churn, higher occupancy...

TradingView•Oct 26, 2026 4:54 PM ET10/26/26•Bullish

Public Storage Q3 2026 Core FFO Per Share Rises 0.7%; Guidance Increased

Public Storage (PSA) reported its third-quarter 2026 financial results, showing a 0.7% increase in Core FFO per share to $4.34. The company also raised its full-year 2026 guidance for both Same Store NOI growth and Core...

TradingView•Oct 26, 2026 4:42 PM ET10/26/26•Bullish

Public Storage earnings missed by $0.66, revenue fell short of estimates

Public Storage (NYSE: PSA) reported third-quarter EPS of $1.69, missing analyst estimates of $2.35 by $0.66. The company's revenue for the quarter was $1.02 billion...

Investing.com•Oct 26, 2026 4:37 PM ET10/26/26•Bearish

PSA Valuation and Fair Value

P/E: 26.1x
Forward P/E: 27.3x
PEG: 3.9x

See GNG's fair value

PSA Profitability: Margins, ROIC and FCF

Gross margin: 72.4%
Operating margin: 45.7%
Net margin: 41.6%
ROIC: 7.2%
ROE: 21.9%
FCF margin: 48.2%

PSA Competitors

Company	Ticker
Digital Realty Trust Inc	DLR
Realty Income Corporation	O
Vanguard Real Estate Index Fund ETF Shares	VNQ
Vivmark Residential	VMRK
Simon Property Group Inc	SPG
Ventas Inc	VTR
American Tower Corp	AMT
Crown Castle	CCI

Sector: Real Estate

PSA Analyst Ratings

Consensus: Hold
Analysts: 22
Strong Buy: 3
Buy: 4
Hold: 15
Sell: 0
Strong Sell: 0

PSA Bull Case vs Bear Case

Bull case

PSA converts 48.2% of revenue into free cash flow.
PSA has a 41.6% net profit margin.

PSA Earnings: Beat Rate and Next Report

Beat rate: 5 of 8 quarters (62.5%)
Average surprise: 0.8%
EPS estimate (fiscal period ending Dec 31, 2026): $2.52

PSA Dividend

Forward yield: 3.9%
3Y DPS growth: 14.5%
5Y DPS growth: 8.4%
Pay months: Mar, Jun, Oct, Dec

PSA dividend history

Frequently Asked Questions About PSA

What is PSA's current dividend yield?

Public Storage (PSA) has a forward dividend yield of 3.87%.

Does PSA pay dividends?

Yes, Public Storage pays dividends with a forward dividend yield of 3.87%.

What is PSA's P/E ratio?

Public Storage has a price-to-earnings (P/E) ratio of 26.13.

What is PSA's market cap?

Public Storage (PSA) has a market capitalization of $57.90B with a current stock price of $309.89.

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