Stocks · Real Estate · REIT - Industrial
Public Storage PSA
$283.81 -0.07% Close, Oct 2, 2026 · NYSE · Market cap $52.92B
High qualityLow risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 4 quarters (average surprise over the last four: +5.3%).
- Diluted EPS over the last four quarters was $10.48, up 14.3% year over year.
- Revenue over the last four quarters was $4.89B, up 3.0% from a year earlier.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 39%
- EPS growth (TTM, YoY)Top 44%
- FCF growth (TTM, YoY)Top 35%
- Revenue growth, 3-year CAGRBottom 49%
- Revenue growth accelerationBottom 44%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 15%
- Gross marginTop 39%
- Operating marginTop 19%
- Cash conversion (OCF / net income)Bottom 42%
- Accruals (lower is better)Top 22%
- Net debt / EBITDA (lower is better)Top 13%
- Interest coverTop 3%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 43%
- Free-cash-flow yieldTop 45%
- EBITDA / enterprise valueBottom 35%
- Sales / enterprise valueBottom 24%
- P/E vs own 5-year history (lower is better)Top 50%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 43%
- 6-month returnTop 39%
- 1-year return vs S&P 500Top 41%
- Distance from 52-week highTop 27%
- Trend checklist (0–4)Top 41%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 46%
- Consecutive EPS beatsTop 12%
- Share of analysts rating BuyBottom 17%
- Upside to consensus price targetBottom 25%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 32%
- Maximum drawdown, 3 yearsTop 30%
- Beta vs S&P 500 (lower is better)Top 35%
- Net debt / EBITDA (lower is better)Top 13%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 2.9% | 3.0% | ↑ |
| EPS growth (YoY) | -3.7% | 14.3% | ↑ |
| Gross margin | 73.0% | 60.4% | ↓ |
| Operating margin | 47.0% | 48.3% | ↑ |
| FCF margin | 59.3% | 65.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 3.0% | 2.9% | ↑ | Bottom 39% |
| EPS growth (TTM, YoY) | 14.3% | -3.7% | ↑ | Top 44% |
| Gross margin | 60.4% | 73.0% | ↓ | Top 39% |
| Operating margin | 48.3% | 47.0% | ↑ | Top 19% |
| Net margin | 41.8% | 38.1% | ↑ | — |
| Free-cash-flow margin | 65.1% | 59.3% | ↑ | — |
| Return on invested capital | 11.7% | — | Top 15% | |
| Revenue growth, 3-year CAGR | 4.9% | — | Bottom 49% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.55×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.9%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.93×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 7.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 5.44%
- Net buyback yield (TTM)
- -0.04%
- Shareholder yield
- 5.40%
- Share count change, 1 year
- +0.3%
- Share count change, 3-year CAGR
- +0.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +5.3%
- Average 2-day reaction, last 8
- -0.3%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $328.33
- Target vs current price
- +15.7%
- Analysts with a rating
- 36
- Share rating Buy or Strong Buy
- 31%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +0.8% | -0.3% | -1.2% | -2.4% | — |
| Apr 27, 2026 | +12.0% | -0.9% | -2.2% | -1.0% | +1.1% |
| Feb 12, 2026 | +4.4% | -0.5% | +1.6% | +1.3% | +5.9% |
| Oct 29, 2025 | +4.0% | -3.0% | -7.4% | -8.6% | -6.5% |
| Jul 30, 2025 | -31.3% | -1.3% | -3.7% | -1.3% | +6.3% |
| Apr 30, 2025 | -14.6% | +2.5% | +1.7% | +3.1% | -1.8% |
| Feb 24, 2025 | +25.8% | -0.3% | -0.2% | -4.3% | +1.7% |
| Oct 30, 2024 | -16.9% | +1.4% | +2.8% | +5.7% | -10.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $2.55 | $2.53 | +0.8% | $1.23B |
| Apr 27, 2026 | $2.71 | $2.42 | +12.0% | $1.22B |
| Feb 12, 2026 | $2.60 | $2.49 | +4.4% | $1.22B |
| Oct 29, 2025 | $2.63 | $2.53 | +4.0% | $1.22B |
| Jul 30, 2025 | $1.76 | $2.56 | -31.3% | $1.20B |
| Apr 30, 2025 | $2.04 | $2.39 | -14.6% | $1.18B |
| Feb 24, 2025 | $3.22 | $2.56 | +25.8% | $1.18B |
| Oct 30, 2024 | $2.16 | $2.60 | -16.9% | $1.19B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 27.1× | 29.9× | 33th | Top 43% |
| P/E (forward) | 28.7× | — | — | — |
| EV / EBITDA | 18.6× | — | — | Bottom 35% |
| EV / Sales | 12.85× | — | — | Bottom 24% |
| Free-cash-flow yield | 6.02% | — | — | Top 45% |
| Earnings yield | 3.69% | — | — | Top 43% |
P/E over the past five years
Range 12.0× – 42.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -2.4%
- Earnings per share growth (TTM)
- +14.3%
- Change in P/E multiple
- -0.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.5%
- 200-day average slope (20 days)
- +0.7%
- Distance from 50-day average
- -8.3%
- Distance from 200-day average
- -5.3%
- RSI (14)
- 32.4
- Relative volume
- 0.93×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 20.3%
- Volatility vs own 5-year history
- 11th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.46
- Correlation with S&P 500
- 0.30
- Current drawdown from 1-year high
- -14.1%
- Maximum drawdown, 3 years
- -29.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2022 | Oct 25, 2023 | -43.3% | 381 days | Not yet recovered |
| Sep 2, 2021 | Oct 5, 2021 | -10.8% | 22 days | 17 days (Oct 28, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $52.92B
- P/E (TTM)
- 27.1
- EPS, diluted (TTM)
- $10.48
- Revenue (TTM)
- $4.89B
- Dividend yield
- 4.23%
- 52-week range
- $256.54 – $335.55
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B |
| Gross profit | $2.50B | $3.13B | $3.37B | $3.44B | $1.20B |
| Operating income | $1.71B | $2.17B | $2.32B | $2.20B | $2.25B |
| Net income | $1.95B | $4.35B | $2.15B | $2.07B | $1.78B |
| EPS (diluted) | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.18B | $1.18B | $1.20B | $1.22B | $1.22B | $1.22B | $1.23B |
| Net income | $430.3M | $614.6M | $407.8M | $358.4M | $511.1M | $507.1M | $526.3M | $500.0M |
| EPS (diluted) | $2.16 | $3.21 | $2.04 | $1.76 | $2.62 | $2.60 | $2.71 | $2.55 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.54B | $3.12B | $3.25B | $3.13B | $3.19B |
| Capital expenditure | -$270.2M | -$459.8M | -$461.1M | -$420.0M | -$289.4M |
| Free cash flow | $2.27B | $2.66B | $2.79B | $2.71B | $2.90B |
| Dividends paid | -$1.59B | -$3.91B | -$2.31B | -$2.30B | -$2.30B |
| Net share buybacks | $95.9M | $35.3M | $53.1M | -$92.4M | $9.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $259.9M
- Total assets
- $20.12B
- Total liabilities
- $10.83B
- Total debt
- $10.18B
- Net debt
- $9.92B
- Shareholders’ equity
- $9.19B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $3.00 | Oct 6, 2026 |
| Jun 15, 2026 | $3.00 | Jun 30, 2026 |
| Mar 16, 2026 | $3.00 | Mar 31, 2026 |
| Dec 15, 2025 | $3.00 | Dec 30, 2025 |
| Sep 15, 2025 | $3.00 | Sep 30, 2025 |
| Jun 12, 2025 | $3.00 | Jun 27, 2025 |
| Mar 13, 2025 | $3.00 | Mar 28, 2025 |
| Dec 13, 2024 | $3.00 | Dec 30, 2024 |
Short interest
- Shares sold short
- 6,162,452
- Days to cover
- 7.30
- Change vs previous report
- +4.4%
FINRA short interest, settlement date Sep 15, 2026.