Public Storage (PSA)
Real Estate · self-storage REITs · NYSE
Public Storage is the nation's largest owner and operator of self-storage facilities, providing a essential service for personal and business storage needs.
What Public Storage does
Public Storage is a real estate investment trust (REIT) that acquires, develops, owns, and operates self-storage facilities. The company provides storage space to individuals and businesses, as well as ancillary services such as the sale of packing supplies and insurance.
Themes: self-storage, real estate investment trust (REIT), consumer services
Fundamentals
- Price$322.49 as of 2026-08-21 close
- Market cap$56.6B as of 2026-08-21
- 1-year return+12.5% 2025-08-21 close $286.76 → 2026-08-21 close $322.49
- P/E29.98 as of 2026-08-24
- Net margin+41.8% as of 2026-08-24
- Gross margin+72.5% as of 2026-08-24
- ROE+22.1% as of 2026-08-24
- Debt / equity1.11 as of 2026-08-24
- Revenue growth (YoY)+3.0% as of 2026-08-24
- Revenue CAGR (3y)+4.9% SEC XBRL
- Beta0.93 as of 2026-08-24
- Last reported earnings2026-07-29 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.7%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
How PSA compares in its sector
- price-to-earnings ratiomiddle range 127 covered Real Estate peers, as of 2026-08-24
- net profit margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- operating margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- gross marginmiddle range 156 covered Real Estate peers, as of 2026-08-24
- return on equitytop 10% 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldmiddle range 138 covered Real Estate peers, as of 2026-08-24
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
PSA is not currently in any published Top 10 list. Its scores are below.
Long-term score
54.1 #350 of 987 scored · #32 of 84 in Real Estate
Profitability 83rd (operating margin 45.7%, return on equity 22.1%) and financial health 63rd (free cash flow margin 34.3%, debt to equity 1.1); weakest is capital return (28th, consecutive years of dividend increases 3 years).
Short-term score
45.8 #1074 of 1,704 scored · #41 of 94 in Real Estate
Setup 64th: no fresh 20-day breakout up or down; trend 50th: a "golden cross" — its 50-day average is above its 200-day; weakest is volume and participation 10th: trading volume is about normal versus its 30-day average.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which PSA reported a dividend payment is FY2014, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2014 ratio would not describe PSA today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2014) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How Public Storage looks technically
Public Storage (PSA) is trading 9.2% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 112 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 9, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 49, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 6 trading days ago (its momentum flipped negative). It made a new 20-day high about 19 trading days ago. It is 3.9% below its 52-week high (its highest price of the past year). Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 9.2% above its 200-day average, the long-term trend line — a longer-term uptrend | +9.2% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $322.12 | $322.12 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $295.31 | $295.31 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 14 calendar days ago — the swings before that are what the structure reading is measured on | 14 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 330.425. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 112 trading days ago — a "golden cross", a bullish long-term signal | 112 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 9, below the 25 that marks a real trend) | 8.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 49, neither overbought (above 70) nor oversold (below 30) | 48.9 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($319.97 to $330.43) — its "stochastic" reading is 24 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 24.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 6 trading days ago (its momentum flipped negative) | 6 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $335.55 | $335.55 |
|---|---|---|
| From the 52-week high | it is 3.9% below its 52-week high (its highest price of the past year) | -3.9% |
| Above the 52-week low | it is 25.7% above its 52-week low (its lowest price of the past year) | +25.7% |
| Below the 52-week high | it is 3.9% below its highest point of the past year | 3.9% |
| Since a 20-day breakout | it made a new 20-day high about 19 trading days ago | 19 sessions |
| Since a 55-day breakout | it made a new 55-day high about 19 trading days ago | 19 sessions |
| All-time high | its highest closing price on record is $421.76 (set on 2022-04-21) | $421.76 |
| Given back of the 52-week move | over the past year its closes ranged ($258.44 to $330.47), and it has given back only a small part of its rise from last year’s low — 11% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $283.65 to $285.96. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 11.1% |
| From the all-time high | it is 23.5% below its all-time high | -23.5% |
| Nearest price level | it is trading 0.8% above a support level at $319.86 — a price it turned at three times since 2024-11-06, most recently on 2026-08-10. Since 2024-08-21 it has 9 such levels below the current price and 2 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.8% |
| All-time low | its lowest closing price on record is $20.63 (set on 1996-07-30) | $20.63 |
| Above the all-time low | it is 1463.6% above its all-time low | +1,464% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move | 0th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $6.32 between its high and its low — about 2.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $6.32 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $319.68 and $331.07 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $319.68 – $325.37 – $331.07 |
| Typical daily range (% of price) | its price moves about 2.0% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.0% |
| Stretch from the 200-day average | it is trading 4.3 daily ranges above its 200-day average price (9.2% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 4.3 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.56× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 0.2% since the prior reading | +0.2% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.4% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.4% |
|---|---|---|
| Gap filled | a 4.5% gap up opened on 2026-06-11 has been "filled" 23 sessions ago — price traded back through the level the gap left behind, and it took 25 sessions to close | 23 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -0.81% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 1.8 percentage points (the stock gained 4.1% while the market gained 2.3%) | +1.8% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 2.6 percentage points (the stock gained 5.7% while the market gained 3.1%) | +2.6% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 5.3 percentage points (the stock gained 5.7% while the market gained 11.1%) | -5.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 8.0 percentage points (the stock gained 12.5% while the market gained 20.5%) | -8.0% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.9% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 3.0% of the share price. | +0.9% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 7% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $301.03 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +7.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% below the average price paid since it last reported on 2026-07-29 (its 10-Q), so the typical buyer over that stretch is under water. That average is $325.01 — a volume-weighted average of daily closes over 18 sessions, not a true tick-by-tick VWAP. | -0.8% |
Price levels it has turned at before
PSA last closed at $322.49 on 2026-08-21. Since 2024-08-21 it has turned at 9 prices below its last close and 2 above; the 3 nearest below and the 2 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $319.86 | Support | 0.8% below the last close | turned there three times · 2024-11-06 to 2026-08-10 |
| $329.81 | Resistance | 2.3% above the last close | turned there six times · 2024-10-21 to 2026-08-07 |
| $311.02 | Support | 3.6% below the last close | turned there 9 times · 2025-05-19 to 2026-07-30 |
| $341.39 | Resistance | 5.9% above the last close | turned there twice · 2024-10-07 to 2024-11-08 |
| $302.10 | Support | 6.3% below the last close | turned there 7 times · 2025-01-21 to 2025-09-05 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $330.43.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 6 trading days, since 2026-08-14.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · lagging the market · Least volatile (2% or less typical daily range) · Trading above the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.52 mean, 1=Strong Buy…5=Strong Sell) — 17 analysts
- Mean price target$337.18 range $285.00 – $374.00; median $340.00
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for PSA
- Consensus EPS estimate$2.45 next reporting period, as of 2026-08-23
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Dependence on national and local economic conditions affecting housing turnover and commercial activity.","Intense competition from other self-storage operators and new industry entrants.","Risks associated with real estate development, acquisitions, and the ability to maintain high occupancy rates at profitable rental prices."]
What changed in the latest 10-Q
AI-assisted comparison of PSA's 10-Q filed 2026-04-27 against the prior one filed 2025-10-29.
Management's Discussion & Analysis (MD&A)
- Added:
- 2026 outlook reference (newer) vs. 2025 outlook reference (older)
- Reference to 10-K for year ended December 31, 2025 filed February 12, 2026 (newer) vs. 10-K for year ended December 31, 2024 filed February 24, 2025 (older)
- Risks related to NSA Merger including NSA shareholder approval, merger agreement conditions, employee retention, merger termination, and legal proceedings (newer filing only)
- Three months ended March 31, 2026 performance data showing revenues relatively unchanged, costs decreased 1.1%, rent per occupied square foot decreased 0.3%, occupancy increased 0.4% (newer)
- Portfolio growth since beginning of 2024 totaling 286 facilities with 22.9 million net rentable square feet for $4.3 billion (newer) vs. 260 facilities with 19.0 million square feet for $3.8 billion since beginning of 2023 (older)
- 120 Newly Developed and Expanded Facilities with 13.7 million net rentable square feet as of March 31, 2026 with $1.8 billion cost (newer) vs. 103 facilities with 12.4 million square feet as of September 30, 2025 with $1.5 billion cost (older)
- Combined NOI increase of 29.5% ($18.5 million) for three months ended March 31, 2026 (newer)
- NSA Merger announcement on March 16, 2026 describing transaction terms, portfolio details, and joint venture structure (newer filing only)
- Removed:
- Reference to solar program installation progress (1,108 facilities completed through September 30, 2025) (older only)
- Spending information on solar program ($49 million spent in nine months, $75 million expected for 2025) (older only)
- PSOC senior notes offering details from June 30, 2025 ($875 million offering with specific rates and maturity dates) (older only)
- Interest rate swap details and debt repayment information for PSOC (older only)
- Nine months ended September 30, 2025 performance data (revenues increased 0.1%, costs increased 1.0%, rent increased 0.6%, occupancy decreased 0.5%) (older only)
- Reference to nine months ended period (older filing covers nine months vs. newer filing covers three months only)
- Reworded:
- Critical accounting estimates reference changed from 'nine months ended September 30, 2025' to 'three months ended March 31, 2026'
- Critical accounting estimates reference changed from '10-K for year ended December 31, 2024' to '10-K for year ended December 31, 2025'
- Same Store Facilities performance comparison period changed from 'September 30, 2025' to 'March 31, 2026' and from prior year 2024 to prior year 2025
- Notes:
- Newer filing is truncated at end of Overview section ('...Public Storage will exclusively manage the joint venture por'), making full comparison of remainder of MD&A not possible
- Older filing is also truncated at end ('...for general corporate purposes, i'), limiting ability to compare complete documents
- These are different reporting periods (Q1 2026 vs. Q3 2025) which explains some operational metric differences
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 2 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 1 sell ($463133) — 1 selling insider
- Last 90 days0 buys · 2 sells ($771703) — 1 selling insider
- Last 180 days0 buys · 2 sells ($771703) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-13. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about PSA's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 4 matched disclosures for PSA from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
PSA had 5,550,034 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
PSA had 3.16% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.51 days to cover at the same settlement.
- Reported short interest (shares) 5,550,034
- Short interest (% of shares outstanding) 3.16%
- Prior settlement (shares) 6,608,871
- Reported change -16.02%
- Days to cover (reported) 3.51
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Extra Space Storage (EXR)
- CubeSmart (CUBE)
- Life Storage (LSI)
- National Storage Affiliates Trust (NSA)
- Global Self Storage (SELF)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Public Storage (PSA) do?
Public Storage is a real estate investment trust (REIT) that acquires, develops, owns, and operates self-storage facilities. The company provides storage space to individuals and businesses, as well as ancillary services such as the sale of packing supplies and insurance.
What sector is Public Storage (PSA) in?
Public Storage (PSA) is classified in the Real Estate sector. Its industry is self-storage REITs. It trades on NYSE.
Does PSA pay a dividend?
Yes — Public Storage (PSA) pays a dividend, with an indicated yield of about 4.71% and 3-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are Public Storage's (PSA) competitors?
Notable peers of Public Storage (PSA) include Extra Space Storage, CubeSmart, Life Storage, National Storage Affiliates Trust and Global Self Storage. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in PSA?
Yes — we hold 4 matched STOCK Act disclosures for PSA from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Public Storage (PSA) overbought or oversold right now?
Public Storage (PSA) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 49, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on PSA come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.