PSA Stock Analysis: Public Storage | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 53.978m USD | 12M Return: 0.2% | US74460D1090 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 267M
EPS Trend: -8.2%
Qual. Beats: -1
Rev. Trend: 98.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Public Storage (NYSE: PSA) is an S&P 500-listed real estate investment trust (REIT) that acquires, develops, owns, and operates self-storage facilities. As of June 30, 2026, the company owned and/or operated 3,584 self-storage facilities across 40 U.S. states, encompassing approximately 259 million net rentable square feet. It also holds a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which operates 335 facilities with around 19 million net rentable square feet across seven Western European countries. The company is headquartered in Frisco, Texas, and was incorporated in Maryland in 1972.
As a self-storage REIT, Public Storage generates revenue primarily through leasing storage units to both individual and business customers, typically on a month-to-month basis. REITs in this sector benefit from a relatively recession-resilient demand profile, as storage needs tend to persist through economic cycles driven by life transitions such as moves, downsizing, and relocations.
- Self-storage occupancy and rental rates track housing turnover
- Acquisition pipeline expands with high-quality portfolio additions
- Shurgard European operations drive international revenue growth
| Net Income: 2.04b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 2.11 > 1.0 |
| NWC/Revenue: -4.43% < 20% (prev 10.10%; Δ -14.54% < -1%) |
| CFO/TA 0.16 > 3% & CFO 3.17b > Net Income 2.04b |
| Net Debt (9.92b) to EBITDA (3.38b): 2.93 < 3 |
| Current Ratio: 0.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (176.5m) vs 12m ago 0.34% < -2% |
| Gross Margin: 60.36% > 18% (prev 73.00%; Δ -12.64% > 0.5%) |
| Asset Turnover: 24.06% > 50% (prev 23.12%; Δ 0.93% > 0%) |
| Interest Coverage Ratio: 6.81 > 6 (EBIT TTM 2.22b / Interest Expense TTM 325.7m) |
| A: -0.01 (Total Current Assets 433.2m - Total Current Liabilities 650.1m) / Total Assets 20.1b |
| B: -0.07 (Retained Earnings -1.35b / Total Assets 20.1b) |
| C: 0.11 (EBIT TTM 2.22b / Avg Total Assets 20.3b) |
| D: 0.85 (Book Value of Equity 9.19b / Total Liabilities 10.8b) |
| Altman-Z'' = 1.33 = BB |
| DSRI: 2.14 (Receivables 173.3m/78.5m, Revenue 4.89b/4.75b) |
| GMI: 1.21 (GM 73.00% / 60.36%) |
| AQI: 0.05 (AQ_t 0.05 / AQ_t-1 0.93) |
| SGI: 1.03 (Revenue 4.89b / 4.75b) |
| TATA: -0.06 (NI 2.04b - CFO 3.17b) / TA 20.1b) |
| Beneish M = -2.44 (Cap -4..+1) = BBB |
As of October 14, 2026, the stock is trading at USD 288.39 with a total of 947,047 shares traded. Over the past week, the price has changed by +0.89%, over one month by -1.37%, over three months by -9.48% and over the past year by +0.23%.
Current recommended Stop Loss: 280.60 (which is 2.7% or 1.4 ATR below the current price).
Public Storage has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold PSA.
- StrongBuy: 4
- Buy: 3
- Hold: 15
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 332 | 15.1% |
P/E Trailing = 27.5912
P/E Forward = 27.248
P/S = 10.9925
P/B = 11.1839
P/EG = 3.8787
Revenue TTM = 4.89b USD
EBIT TTM = 2.22b USD
EBITDA TTM = 3.38b USD
Long Term Debt = 10.2b USD (from longTermDebt, last quarter)
Short Term Debt = 650.1m USD (from shortTermDebt, last quarter)
Debt = 10.2b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.92b USD (calculated: Debt 10.2b - CCE 259.9m)
Enterprise Value = 63.9b USD (54.0b + Debt 10.2b - CCE 259.9m)
Interest Coverage Ratio = 6.81 (Ebit TTM 2.22b / Interest Expense TTM 325.7m)
EV/FCF = 20.06x (Enterprise Value 63.9b / FCF TTM 3.19b)
FCF Yield = 4.98% (FCF TTM 3.19b / Enterprise Value 63.9b)
FCF Margin = 65.13% (FCF TTM 3.19b / Revenue TTM 4.89b)
Net Margin = 41.80% (Net Income TTM 2.04b / Revenue TTM 4.89b)
Gross Margin = 60.36% ((Revenue TTM 4.89b - Cost of Revenue TTM 1.94b) / Revenue TTM)
Gross Margin QoQ = 72.09% (prev 72.08%)
Tobins Q-Ratio = 3.18 (Enterprise Value 63.9b / Total Assets 20.1b)
Interest Expense / Debt = 3.20% (Interest Expense 325.7m / Debt 10.2b)
Taxrate = 0.54% (2.72m / 505.7m)
NOPAT = 2.21b (EBIT 2.22b * (1 - 0.54%))
Current Ratio = 0.67 (Total Current Assets 433.2m / Total Current Liabilities 650.1m)
Debt / Equity = 1.11 (Debt 10.2b / totalStockholderEquity, last quarter 9.19b)
Debt / EBITDA = 2.93 (Net Debt 9.92b / EBITDA 3.38b)
Debt / FCF = 3.11 (Net Debt 9.92b / FCF TTM 3.19b)
Total Stockholder Equity = 9.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.06% (Net Income 2.04b / Total Assets 20.1b)
RoE = 22.12% (Net Income TTM 2.04b / Total Stockholder Equity 9.24b)
RoCE = 11.41% (EBIT 2.22b / Capital Employed (Equity 9.24b + L.T.Debt 10.2b))
RoIC = 11.10% (NOPAT 2.21b / Invested Capital 19.9b)
WACC = 5.79% (E(54.0b)/V(64.2b) * Re(6.28%) + D(10.2b)/V(64.2b) * Rd(3.20%) * (1-Tc(0.01)))
Discount Rate = 6.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 5.62 | Cagr: 0.04%
[DCF] Terminal Value 77.66% ; FCFF base≈3.04b ; Y1≈3.42b ; Y5≈4.83b
[DCF] Fair Price = 337.1 (EV 72.9b - Net Debt 9.92b = Equity 63.0b / Shares 186.9m; r=8.35% [WACC [floored]]; 5y FCF grow 13.02% → 2.50% )
EPS Correlation: -8.17 | EPS CAGR: -0.51% | SUE: -1.59 | # QB: -1
Revenue Correlation: 98.50 | Revenue CAGR: 3.24% | SUE: 0.51 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.29 | Chg30d=-6.58% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=9.77 | Chg30d=-1.10% | Revisions=+0% | GrowthEPS=-4.5% | GrowthRev=+5.7%
EPS next Year (2027-12-31): EPS=9.85 | Chg30d=-2.60% | Revisions=-25% | GrowthEPS=+0.8% | GrowthRev=+8.0%
[Analyst] Revisions Ratio: -40% (up=0, down=2)