Public Storage.

Research Public Storage. (PSA) on Bullrun: valuation model: fairly valued, market cap USD 50.91B, P/E 27.6, dividend yield 4.2%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

Valuation Snapshot

Bullrun's latest valuation model marks Public Storage. as fairly valued; latest market cap is USD 50.91B; P/E is 27.6; dividend yield is 4.2%.

Peer valuation comparison

Latest P/E is 27.64x versus a Real Estate sector median of 14.08x (96.3% above).

Latest dividend yield is 4.15% versus a Real Estate sector median of 4.76% (12.8% below).

Five-year financial history

YearRevenueNet incomeFree cash flowGross marginDiluted EPSCashTotal debtEquity
FY2025USD 4.82BUSD 1.78BUSD 2.90B72.8%9.01USD 318.10MUSD 10.25BUSD 9.25B
FY2024USD 4.70BUSD 2.07BUSD 2.71B73.2%10.64USD 447.42MUSD 9.35BUSD 9.71B
FY2023USD 4.52BUSD 2.15BUSD 2.79B74.6%11.06USD 370.00MUSD 9.10BUSD 10.01B
FY2022USD 4.18BUSD 4.35BUSD 2.66B74.8%23.5USD 775.25MUSD 6.87BUSD 10.07B

Valuation history

YearSnapshot dateMarket capP/EDividend yieldAnnual dividend/share
20262026-10-09USD 50.91B27.64.1%12
20252025-12-31USD 45.54B28.84.6%12
20242024-12-31USD 52.52B28.14.0%12
20232023-12-29USD 53.63B28.03.9%12
20222022-12-30USD 49.21B11.47.5%21.15
20212021-12-31USD 65.60B38.02.1%8

Dividend history

Latest trailing dividend snapshot: annual dividend/share 12 USD, yield 4.2%.

YearDividends/share
FY202512 USD
FY202412 USD
FY202312 USD
FY202221.15 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.

ETFs that hold Public Storage.

Public Storage. is one of the ten largest holdings of 19 ETFs that investors in Europe can buy. The 8 most traded of them:

ETFWeightTER
iShares Developed Markets Property Yield UCITS ETF USD (Dist)3.03%0.59%
iShares US Property Yield UCITS ETF USD (Dist)4.58%0.40%
HSBC FTSE EPRA NAREIT Developed UCITS ETF2.58%0.24%
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)2.60%0.24%
Amundi FTSE EPRA NAREIT Global UCITS ETF DR2.62%0.24%
VanEck Global Real Estate UCITS ETF3.67%0.25%
HSBC FTSE EPRA NAREIT Developed UCITS ETF CHF Hedged (ACC)2.46%0.25%
State Street SPDR Dow Jones Global Real Estate UCITS ETF3.13%0.40%

Related stock research

United States stocks United States Real Estate stocks A-Z stock index

Other Real Estate stocks

Americold Realty Trust Inc (COLD) CubeSmart (CUBE) Eastgroup Properties Inc (EGP) Extra Space Storage Inc (EXR) First Industrial Realty Trust Inc (FR) Innovative Industrial Properties Inc (IIPR) Industrial Logistics Properties Trust (ILPT) Lineage Inc (LINE) LXP Industrial Trust (LXP) Prologis Inc (PLD) Rexford Industrial Realty Inc (REXR) Smartstop Self Storage REIT Inc (SMA)

Frequently asked questions

Is Public Storage. overvalued or undervalued?

Bullrun's valuation model currently marks Public Storage. as fairly valued.

What is Public Storage.'s market cap?

Public Storage.'s market capitalization is USD 50.91B.

What is Public Storage.'s P/E ratio?

Public Storage.'s price-to-earnings (P/E) ratio is 27.6.

Does Public Storage. pay a dividend?

Public Storage. has a dividend yield of 4.2%.

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.