Key facts, as of
As of October 8, 2026, Public Storage (PSA) trades at $281.99, down 3.9% over the past year. Its 52-week range runs from $256.54 to $335.55; the price is 16.0% below that high. It is 33.1% below its all-time high of $421.76, reached in April 2022. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +89.6%, against +312.9% for the S&P 500 (SPY). It sits 6.0% below its 200-day average of $299.92, the usual sign of a long-term downtrend. Its 30-day volatility is 17.9% annualized, which we rate medium risk. It has a trailing P/E of 27.3 and a dividend yield of 4.26%.
Cite: Portfolio Terminal, "Public Storage (PSA) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/psa
Where it trades today
trading 32% of the way up its 52-week range
How the price has moved
How far it is from its record
Public Storage (PSA) is 33.1% below its all-time high of $421.76, reached in April 2022. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +89.6%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Financing conditions, occupancy, and asset repricing are the main levers behind upside or downside from here.
- PSA trades at 27.3x earnings versus 35.0x for the sector, which means the rerating case depends on proving the discount is too harsh.
- PSA carries a beta of 0.93, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- PSA remains in a bearish short-term trend and sits 16.0% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- PSA is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- The view would need revisiting if peers such as PLD, EQIX start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for PSA come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Real Estate so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as PLD, EQIX.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for PSA. Last refresh: Oct 8, 2026, 10:10 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as PLD, EQIX.
What Public Storage does
Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, The firm: (i) owned and/or operated 3,584 self-storage facilities located in 40 states with approximately 259 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 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage is headquartered in Frisco, Texas. Public Storage was incorporated in 1972 in Maryland.
What analysts expect
PSA carries a buy consensus from 18 analysts, with an average price target of $335.06 versus $281.99 today (+18.8%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
PSA generated $4.91B in trailing revenue (3.3% year over year), with a 41.6% net margin, and $2.33B of free cash flow, against $9.92B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $4.82B | $3.51B | $2.26B | $1.78B | $9.04 | $2.90B |
| 2024 | $4.70B | $3.44B | $2.20B | $2.07B | $10.68 | $2.71B |
| 2023 | $4.52B | $3.37B | $2.32B | $2.15B | $11.11 | $2.79B |
| 2022 | $4.18B | $3.13B | $2.17B | $4.35B | $23.64 | $2.66B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
PSA is in 6 of the 30 ETFs we track. It weighs most in VNQ: 2.72% of the fund, holding #9 of 140.
How it sits in real estate
REITs and real estate companies offering income through property investments.
The companies it competes with
PSA beside the real estate names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 8.1% below its 50-day average and 6.0% below its 200-day.
- RSI at 34 is neither stretched nor washed out.
- The nearest ceiling is $292.92 (+3.9%), the nearest floor $278.20 (-1.3%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is PSA a good investment in 2026?
Public Storage trades at a P/E ratio of 27.3, with medium volatility (17.9% annualized). Recent trend shows weakness.
What is the risk level of PSA?
Based on 30-day volatility of 17.9%, PSA has MEDIUM risk. Beta of 0.93 indicates lower sensitivity to market movements than average.
Does PSA pay dividends?
Yes, Public Storage has a dividend yield of 4.26%.
How far is PSA from its all-time high?
Public Storage is 33.1% below its all-time high of $421.76, reached in April 2022. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +89.6%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold PSA?
6 of the 30 popular ETFs we track hold Public Storage. The largest weights: VNQ (2.72%), VTV (0.19%), VOO (0.08%), SPY (0.07%) and IVV (0.07%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is PSA?
0.08%, as of August 31, 2026: PSA is holding #223 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.78 in Public Storage.
What is the analyst price target for PSA?
The average analyst price target for Public Storage (PSA) is $335.06 based on 18 analyst estimates, about 18.8% above the current price of $281.99. The published range runs from $285.00 to $374.00.
How much revenue does PSA generate?
Public Storage reported $4.91B in trailing twelve-month revenue. Revenue growth is running at 3.3% year over year. Net margin sits at 41.6%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare PSA with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.