PSAPublic Storage (PSA) presents a mixed investment profile. Its REIT structure provides stable income and exposure to the self-storage sector's growth. However, current technical indicators suggest a period of consolidation or potential downward pressure, while its valuation metrics require careful consideration.
The self-storage industry benefits from secular tailwinds such as increasing urbanization, smaller living spaces, and demand for flexible storage solutions. Public Storage, as a leading player, is well-positioned to capture this demand. Its European exposure through Shurgard also offers diversification.
PSA demonstrates consistent revenue generation and a stable dividend yield. Its balance sheet appears manageable, with a significant amount of debt but also substantial assets. However, recent earnings trends show some volatility, and its P/E ratio suggests a premium valuation.
The stock is trading below its key moving averages, indicating a bearish short-term trend. Oscillators suggest downward momentum, and the RSI is in oversold territory, which could signal a potential bounce, but overall indicators point to weakness.
| Factor | Score |
|---|---|
| Self-Storage Demand | 90 |
| REIT Sector Performance | 75 |
| International Diversification | 70 |
| Economic Sensitivity | 70 |
| Factor | Score |
|---|---|
| Valuation | 55 |
| Profitability | 80 |
| Growth | 60 |
| Balance Sheet Health | 65 |
| Dividend Yield | 85 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 45 |
| Volume Confirmation | 50 |
| Support & Resistance | 50 |
Attractive Valuation for REIT
The Price-to-Earnings (P/E) ratio of 28.50 (TTM) appears high in absolute terms, but is reasonable for a Real Estate Investment Trust (REIT) with stable cash flows. The dividend yield of 4.14% is attractive for income-seeking investors.
Consistent Dividend Payout
Public Storage has a consistent history of dividend payments, with a current yield of 4.14%. The last payment was $3.00, and the dividend yield has been around 3.5-4.6% historically, indicating a reliable income stream for shareholders.
High P/E Ratio Relative to Industry Peers
The P/E ratio of 28.50 (TTM) might be considered high compared to some general market indices or specific REIT sub-sectors, though it's not uncommon for established REITs. Investors should compare this to direct competitors in the self-storage REIT space.
Mixed Earnings Surprises
Recent quarterly EPS reports show a pattern of negative surprises (e.g., -14.82% in Q2 2025, -17.0% in Q4 2024), indicating that actual earnings are sometimes falling short of analyst expectations. This can signal potential challenges or slower-than-anticipated growth.
June 2025
12
Ex-Dividend Date
June 2025
27
Next Dividend Date
July 2025
31
Next Earnings Date
H: $2.65
A: $2.55
L: $2.50
H: 1.22B
A: 1.20B
L: 1.18B
Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2025, we: (i) owned and/or operated 3,399 self-storage facilities located in 40 states with approximately 247 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 318 self-storage facilities located in seven Western European nations with approximately 18 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.
332.42 USD
The 39 analysts offering 1 year price forecasts for PSA have a max estimate of 380.00 and a min estimate of 287.00.