SuperworthPublic Storage PSA
- Market cap
- $54.4B
- PE
- 29.6×
- 10y median 29.6×
- Forward PE
- 31.8×
- 10y median 28.7×
- Price to FFO
- 18.0×
- its own FFO
- Price to sales
- 11.1×
- EV/EBIT
- 30.3×
- Revenue, 12 months
- $4.9B
- +3% on a year ago
- Net margin
- 41.8%
Public Storage trades at 18.0× its funds from operations, the earnings measure REITs are valued on. Revenue was $4.9B over the last twelve months, up 3% on a year earlier with a 42% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.1B+5% | $1.2B+7% | $1.2B+6% | $1.2B+5% | $1.2B+4% | $1.2B+2% | $1.2B+2% | $1.2B+2% | $1.2B+3% | $1.2B+3% | $1.2B+3% | $1.2B+3% | |
| Cost of revenue | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Gross profit | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| SG&A | $20.7M−30% | $23.2M−31% | $21.3M+26% | $26.6M+35% | $26.2M+26% | $32.5M+41% | $25.2M+18% | $25.7M−3% | $28.8M+10% | $27M−17% | $30.4M+21% | $44.4M+73% |
| $590.4M | $562.7M | $523.4M−7% | $559.3M−6% | $557.5M−6% | $547M−3% | $464M−11% | $500M−11% | $571.7M+3% | $557.6M+2% | $474.3M+2% | $466.7M−7% | |
| Interest expense | $58.4M+71% | $68.6M+90% | $67.8M+88% | $73.2M+92% | $74.3M+27% | $72.1M+5% | $72M+6% | $71.6M−2% | $79.7M+7% | $81.2M+13% | $80M+11% | $84.8M+18% |
| Pre-tax income | $619.5M | $444.3M | $513.2M−2% | $523.3M−10% | $435.6M−30% | $617M+39% | $412.2M−20% | $364.7M−30% | $517.6M+19% | $495.3M−20% | $530.9M+29% | $505.7M+39% |
| $2.8M | $2.4M | $1.5M−52% | $2.1M−18% | $2.5M−12% | −$1.4M | $1.4M−4% | $3.2M+56% | $2.8M+14% | −$14.7M+973% | $1.6M+10% | $2.7M−16% | |
| Net income | $613.3M−78% | $439.3M+7% | $508.9M−2% | $518.1M−10% | $430.3M−30% | $614.6M+40% | $407.8M−20% | $358.4M−31% | $511.1M+19% | $507.1M−18% | $526.3M+29% | $500M+40% |
| $3.20−79% | $2.21+7% | $2.60−2% | $2.66−11% | $2.16−33% | $3.21+45% | $2.04−22% | $1.76−34% | $2.62+21% | $2.60−19% | $2.71+33% | $2.55+45% | |
| 176.2M−0% | 176.1M+0% | 176.3M+0% | 176M−0% | 175.9M−0% | 175.9M−0% | 175.9M−0% | 175.9M+0% | 175.9M+0% | 175.9M+0% | 175.9M+0% | 176.5M+0% |
Gross profit: 16 periods, Q3 FY14 to Q2 FY18: not printed by the filing, worked out from its own lines.
Operating income: 19 periods, Q2 FY09 to Q4 FY25: not printed by the filing, worked out from its own lines.
EPS, diluted: 18 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 18 periods, Q4 FY08 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $1.3B | $1.3B to $1.4B | $2.49 | $2.46 to $2.52 | 4 |
| Q4 FY26 | $1.4B | $1.4B to $1.4B | $2.46 | $2.44 to $2.52 | 4 |
| Q1 FY27 | $1.4B | $1.3B to $1.4B | $2.25 | $2.12 to $2.36 | 1 |
| Q2 FY27 | $1.4B | $1.4B to $1.5B | $2.38 | $2.24 to $2.49 | 1 |
| Q3 FY27 | $1.5B | $1.4B to $1.5B | $2.53 | $2.38 to $2.65 | 1 |
| Q4 FY27 | $1.5B | $1.4B to $1.5B | $2.40 | $2.26 to $2.51 | 1 |
| Q1 FY28 | $1.5B | $1.4B to $1.6B | $2.51 | $2.36 to $2.63 | 2 |
| Q2 FY28 | $1.5B | $1.5B to $1.6B | $2.74 | $2.59 to $2.88 | 2 |
Peers
Companies in Real Estate nearest Public Storage's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| PSAPublic Storage | $54.4B | 29.6× | 29.6× | 31.8× | 11.1× | +3% | 41.8% |
| ORealty Income | $53.8B | 41.5× | 51.5× | 35.4× | 8.9× | +11% | 20.9% |
| VMRKVivmark Residential | $47.3B | 55.3× | 57.3× | n/m | 15.1× | +3% | 28.0% |
| DLRDigital Realty Trust | $63.8B | 83.3× | 69.1× | 75.9× | 9.4× | +17% | 11.8% |
| VTRVentas | $44.5B | 161× | 51.7× | 120× | 6.9× | +21% | 4.1% |
| SPGSimon Property | $68.5B | 14.9× | 21.5× | 30.5× | n/m | n/m | n/m |
| CCICrown Castle | $36.6B | 43.6× | 78.2× | 32.2× | 8.8× | −5% | 20.7% |
| CBRECBRE | $35.7B | 28.3× | 22.0× | 15.4× | 0.8× | +15% | 3.0% |
| AMTAmerican Tower | $88.1B | 26.0× | 55.9× | 27.9× | 8.0× | +7% | 31.1% |
| IRMIron Mountain | $32.7B | 78.5× | 47.1× | 43.1× | 4.3× | +17% | 5.5% |
| EQIXEquinix | $94.2B | 61.5× | 97.9× | 55.2× | 9.6× | +10% | 15.6% |
| Peer median | $50.5B | 49.5× | 53.8× | 35.4× | 8.8× | +11% | 15.6% |
Investors who own it
Investors we follow who held Public Storage at the end of Jun 30, 2026, from their 13F filings.
- Ron BaronBaron Capital0.1% of portfoliotrimmed
More on Public Storage
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 13Real estate stocks with the fastest expected revenue growth
- #6of 14Real estate stocks with the lowest forward PE
- #6of 13Real estate stocks with the highest dividend yields
Its groups
About
- Industry
- REIT - Industrial
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .