Public Storage.
Research Public Storage. (PSA) on Bullrun: valuation model: 3.9% overvalued, market cap USD 56.67B, P/E 30.8, dividend yield 3.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPSA
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Industrial
- CurrencyUSD
- Valuation signal3.9% overvalued
- Market capUSD 56.67B
- P/E30.8
- Dividend yield3.9%
- Financial periodQ2 2026
- RevenueUSD 1.23B
- Net incomeUSD 499.96M
- Free cash flowUSD 803.39M
- Gross margin72.1%
Valuation Snapshot
Bullrun's latest valuation model marks Public Storage. as 3.9% overvalued; latest market cap is USD 56.67B; P/E is 30.8; dividend yield is 3.9%.
Peer valuation comparison
Latest P/E is 30.77x versus a Real Estate sector median of 14.84x (107.4% above).
Latest dividend yield is 3.86% versus a Real Estate sector median of 4.71% (18.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 4.82B | USD 1.78B | USD 2.90B | 72.8% | 9.01 | USD 318.10M | USD 10.25B | USD 9.25B |
| FY2024 | USD 4.70B | USD 2.07B | USD 2.71B | 73.2% | 10.64 | USD 447.42M | USD 9.35B | USD 9.71B |
| FY2023 | USD 4.52B | USD 2.15B | n/a | n/a | 11.06 | USD 370.00M | USD 9.10B | USD 10.01B |
| FY2022 | USD 4.18B | USD 4.35B | n/a | n/a | 23.5 | USD 775.25M | USD 6.87B | USD 10.07B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 56.67B | 30.8 | 3.7% | 12 |
| 2025 | 2025-12-31 | USD 45.54B | 28.8 | 4.6% | 12 |
| 2024 | 2024-12-31 | USD 52.52B | 28.1 | 4.0% | 12 |
| 2023 | 2023-12-29 | USD 53.63B | 28.0 | 3.9% | 12 |
| 2022 | 2022-12-30 | USD 49.21B | 11.4 | 7.5% | 21.15 |
| 2021 | 2021-12-31 | USD 65.60B | 38.0 | 2.1% | 8 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 12 USD, yield 3.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 12 USD |
| FY2024 | 12 USD |
| FY2023 | 12 USD |
| FY2022 | 21.15 USD |
About Public Storage.
Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.
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Frequently asked questions
Is Public Storage. overvalued or undervalued?
Bullrun's valuation model currently marks Public Storage. as 3.9% overvalued.
What is Public Storage.'s market cap?
Public Storage.'s market capitalization is USD 56.67B.
What is Public Storage.'s P/E ratio?
Public Storage.'s price-to-earnings (P/E) ratio is 30.8.
Does Public Storage. pay a dividend?
Public Storage. has a dividend yield of 3.9%.
What does Public Storage. do?
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.