Public Storage (PSA) Stock Price & Analysis
Public Storage (PSA) closed at USD 309.13 on Thursday, October 22, 2026, up 3.63% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 298.31; the Oct 22, 2026 session ranged USD 298–309.21 on volume of 773,906 shares. Market capitalization is $57.76B, with a 52-week range of USD 256.54–335.55 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PSA.md
Key facts (PSA)
- Last four reported quarters (through Jun 30, 2026): revenue $4.89B, net income $2.04B (41.8% margin) (SEC filings).
- Valuation: P/E 28.3x (avg 25.3x at the last 3 fiscal year-ends), net debt $9.92B.
- 1 of 80 tracked superinvestors hold PSA (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.64 on a 1–5 scale) (22 analysts), mean target USD 329 (range 285–367).
- Total return with dividends: 1Y +5.1% vs S&P 500 +14.9%; 5Y +18.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-26, EPS estimate USD 2.29, revenue estimate $1.31B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PSA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B | $4.89B |
| Net income | $1.95B | $4.35B | $2.15B | $2.07B | $1.78B | $2.04B |
| EPS (diluted) | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 | — |
| Net margin | 57.2% | 104.0% | 47.6% | 44.1% | 37.0% | 41.8% |
| Revenue growth | +17.2% | +22.4% | +8.0% | +3.9% | +2.7% | — |
| Cash + short-term investments | $735M | $775M | $370M | $447M | $318M | — |
| Total debt | $7.48B | $6.87B | $9.10B | $9.35B | $10.3B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PSA)
P/E 28.3x · P/S 11.8x · EV/Sales 13.8x · P/B 6.3x · Earnings yield 3.54% · Net debt $9.92B · EV $67.7B
P/E at fiscal year-ends: Dec 2025 25.6x, Dec 2024 25.4x, Dec 2023 25.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (PSA)
1 of 80 tracked investors hold PSA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.05% | $12.0M | Reduced -8.5% |
Analysts (PSA)
Consensus Hold (mean 2.64 on a 1–5 scale), 22 analysts; mean target USD 329 (low 285, high 367).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | RBC Capital | Reiterated | Sector Perform | $318 |
| 2026-10-16 | UBS | Target lowered | Neutral | $326 → $294 |
| 2026-10-02 | Truist Securities | Target lowered | Buy | $338 → $317 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $319 → $308 |
| 2026-09-21 | JP Morgan | Target lowered | Neutral | $338 → $330 |
| 2026-09-10 | Barclays | Target raised | Equal-Weight | $350 → $351 |
| 2026-09-02 | Scotiabank | Target lowered | Sector Outperform | $346 → $343 |
| 2026-09-02 | Mizuho | Target raised | Neutral | $316 → $319 |
| 2026-08-19 | Barclays | Target raised | Equal-Weight | $349 → $350 |
| 2026-08-18 | Scotiabank | Target raised | Sector Outperform | $345 → $346 |
| 2026-07-31 | RBC Capital | Target raised | Sector Perform | $305 → $318 |
| 2026-07-10 | UBS | Target raised | Neutral | $314 → $326 |
Total return (dividends reinvested) (PSA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +5.1% | +18.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +5.1% | +3.4% |
| Volatility (annualized) | 23.5% | 24.6% |
| Max drawdown | -14.7% (Oct 2025→Jan 2026) | -36.1% (Apr 2022→Oct 2023) |
PSA revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Self-storage facilities | $1.14B | 92.5% | +1.9% |
| Ancillary operations | $92.9M | 7.5% | +12.7% |
| Total revenue | $1.23B | 100% | — |
PSA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Self-storage facilities | $1.14B | 92.5% | +1.9% |
| Ancillary operations | $92.9M | 7.5% | +12.7% |
| Total revenue | $1.23B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PSA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Alphabet (Google) (GOOGL) | “Marketing initiatives, including our increasing dependence on Google to source customers, may fail to be effective and could negatively impact financial performance.” |
Quoted from the company's 10-K filed Feb 12, 2026.
PSA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.29 | $2.21 | +3.9% | $1.31B | 4 |
| Next quarter (ends Dec 2026) | $2.38 | $2.28 | +4.4% | $1.34B | 4 |
| Current fiscal year (ends Dec 2026) | $9.85 | $9.85 | -0.0% | $5.07B | 2 |
| Next fiscal year (ends Dec 2027) | $9.93 | $9.90 | +0.4% | $5.43B | 6 |
PSA options: expected move
Options price a move of about ±5.7% (±$17.50) by Nov 20, 2026, which includes earnings on Oct 26, 2026. Over the last 8 reports the stock moved ±3.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 25.2% | ±5.7% |
| Dec 18, 2026 | 56 | 23.8% | ±7.8% |
| Mar 19, 2027 | 147 | 23.1% | ±11.9% |
| May 21, 2027 | 210 | 23.6% | ±14.1% |
| Jun 17, 2027 | 237 | 23.3% | ±14.9% |
30-day implied volatility 25.2% vs 21.2% realized over the last 30 trading days. Put/call ratio (volume) 1.2. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:07 UTC)
| Price | USD 309.13 |
|---|---|
| Change | ▲ 3.63% (up) |
| Previous Close | USD 298.31 |
| Open | USD 298.4 |
| Day Range | USD 298 – 309.21 |
| 52-Week Range | USD 256.54 – 335.55 |
| Volume | 773,906 shares |
| Market Cap | $57.76B |
| Exchange | NYQ |
Technical Analysis (PSA)
Nexqual's technical model rates PSA "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 10:07 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 65.6 (neutral) |
| vs SMA50 | Above (USD 300.17) |
| MACD | 1.22 (positive) |
Analyst Ratings (PSA)
Wall Street analysts rate PSA "Hold" based on 22 analysts, with a mean price target of USD 329 (range USD 285–367), per Nexqual as of October 23, 2026 at 10:07 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 22 |
| Mean Target | USD 329 |
| High Target | USD 367 |
| Low Target | USD 285 |
| Buy / Hold / Sell | 6 / 16 / 0 |
Earnings (PSA)
| Next Earnings Date | 2026-10-26 |
|---|---|
| EPS Estimate | USD 2.29 |
| Revenue Estimate | $1.31B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.45 vs est 2.53 ▼ miss |
| 2026-03-31 | USD 2.47 vs est 2.42 ▲ beat |
| 2025-12-31 | USD 2.61 vs est 2.49 ▲ beat |
| 2025-09-30 | USD 2.62 vs est 2.54 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financials & Fundamentals (PSA)
| Total Revenue | $4.91B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.30% |
| Gross Margin | +74.42% |
| Operating Margin | +45.70% |
| Profit Margin | +41.63% |
| ROE | +21.93% |
| Debt / Equity | 1.1 |
| Current Ratio | 0.22 |
| Total Cash | $259.94M |
| Total Debt | $10.18B |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financial Health Score (PSA)
Nexqual rates Public Storage's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:07 UTC.
| Growth | Mixed — Revenue +2.7% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 74%, operating 46% (last 12 months) |
| Balance Sheet | Weak — $260M cash and investments vs $10.2B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $3.19B (FY ended Dec 2025, 10-K) |
| Efficiency | Strong — ROE 22%, ROA 7.0% |
Ownership (PSA)
| Insider Ownership | +9.56% |
|---|---|
| Institutional Ownership | +83.81% |
| Shares Outstanding | 186.85M |
| Float | 158.59M |
| Short % of Float | +4.64% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Leadership (PSA)
Public Storage is led by H. Thomas Boyle, CEO & Trustee, per Nexqual as of October 23, 2026 at 10:07 UTC.
| CEO & Trustee | H. Thomas Boyle |
|---|---|
| President and Chief Digital & Transformation Officer | Natalia N. Johnson |
| President & CFO | Joseph D. Fisher |
| Executive Vice President of Operations | Steven H. Lentin |
| Chief Technology Officer | Michael Braine |
Major Backers & Investors (PSA)
Notable institutional backers of Public Storage include Capital International Investors, Price (T.Rowe) Associates Inc, Cohen & Steers Inc., according to Nexqual as of October 23, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital International Investors | 5.41% |
| Price (T.Rowe) Associates Inc | 3.25% |
| Cohen & Steers Inc. | 2.98% |
| WASHINGTON MUTUAL INVESTORS FUND | 2.94% |
| NORGES BANK | 2.47% |
| Charles Schwab Investment Management, Inc. | 1.89% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 13.63% |
| BlackRock | 9.83% |
| State Street | 5.77% |
| Geode Capital | 2.43% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
From Public Storage's Latest SEC 10-K Filing (filed 2026-02-12)
Key Strengths & Strategy (as disclosed to the SEC)
- We are the largest owner of self-storage facilities in the United States ("U.S."), with physical presence in most major markets and 40 states.
- Centralized information network: Our centralized reporting and information network enables us to identify changing market conditions and operating trends and analyze tenants data.
- Our network allows us to quickly change each of our individual property's pricing and promotions, drive marketing spending, such as the relative level of bidding for various paid search terms on paid search engines, and staff and respond to customer requests more timely.
- Our aggressiveness in bidding for marketed facilities depends upon many factors including the potential for future growth, the quality of construction and location, the cash flow we expect from the facility when operated on our platform, how well the facility fits into our current geographic footprint, and our return on capital expectations.
Legal & Regulatory Risks (Item 1A, quoted)
- We are exposed to ongoing litigation and other legal and regulatory actions, which may divert management's time and attention, require us to pay damages and expenses or restrict the operation of our business.
- Changes in tax laws could negatively impact us.
- Our tenant reinsurance business is subject to governmental regulation, which could reduce our profitability or limit our growth.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| EXR | Extra Space Storage Inc | USD 143.19 | ▲ 2.37% |
| PLD | Prologis, Inc. | USD 126.66 | ▼ 0.74% |
| EGP | EastGroup Properties, Inc. | USD 202.7 | ▼ 0.3% |
| CUBE | CubeSmart | USD 40.15 | ▲ 3.05% |
| LINE | Lineage, Inc. | USD 35.09 | ▲ 2.42% |
| REXR | Rexford Industrial Realty, Inc. | USD 36.28 | ▼ 1.41% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:07 UTC. This page is informational and not investment advice.
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