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Public Storage (PSA)



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Upturn Advisory Summary
08/14/2025: PSA (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $327.53
1 Year Target Price $327.53
7 | Strong Buy |
5 | Buy |
9 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.17% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 49.28B USD | Price to earnings Ratio 30.66 | 1Y Target Price 327.53 |
Price to earnings Ratio 30.66 | 1Y Target Price 327.53 | ||
Volume (30-day avg) 21 | Beta 0.85 | 52 Weeks Range 254.04 - 359.28 | Updated Date 08/15/2025 |
52 Weeks Range 254.04 - 359.28 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 4.24% | Basic EPS (TTM) 9.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-28 | When Before Market | Estimate 2.55 | Actual 2.5783 |
Profitability
Profit Margin 38.06% | Operating Margin (TTM) 47.58% |
Management Effectiveness
Return on Assets (TTM) 6.9% | Return on Equity (TTM) 18.92% |
Valuation
Trailing PE 30.66 | Forward PE 28.57 | Enterprise Value 62968626474 | Price to Sales(TTM) 10.36 |
Enterprise Value 62968626474 | Price to Sales(TTM) 10.36 | ||
Enterprise Value to Revenue 13.26 | Enterprise Value to EBITDA 19.39 | Shares Outstanding 175452992 | Shares Floating 157407523 |
Shares Outstanding 175452992 | Shares Floating 157407523 | ||
Percent Insiders 10.19 | Percent Institutions 82.83 |
Upturn AI SWOT
Public Storage

Company Overview
History and Background
Public Storage was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. Originally known as Private Storage Spaces, the company pioneered the self-storage industry. It quickly expanded through acquisitions and organic growth, becoming a leader in the self-storage market.
Core Business Areas
- Self-Storage Operations: This segment involves renting storage spaces to individuals and businesses. Public Storage owns and operates thousands of facilities across the United States and Europe.
- Ancillary Products and Services: Public Storage offers a range of ancillary products and services, including moving and packing supplies, truck rentals, and tenant insurance.
- Real Estate Activities: This segment includes acquiring, developing, and managing self-storage properties.
Leadership and Structure
Joe Russell is the CEO. The company operates as a Real Estate Investment Trust (REIT) with a board of trustees overseeing management.
Top Products and Market Share
Key Offerings
- Self-Storage Units: Public Storage rents out storage units of various sizes to individuals and businesses. They are the largest self-storage company, but do not own a majority share of the market. Competitors include Extra Space Storage (EXR), Life Storage (LSI), and CubeSmart (CUBE).
- Moving and Packing Supplies: Public Storage sells boxes, tape, and other moving supplies. Revenue from this is substantially smaller than the revenue from self-storage units and is complimentary. Competitors include U-Haul and other moving supply retailers.
Market Dynamics
Industry Overview
The self-storage industry is characterized by fragmentation, with many small operators alongside larger players like Public Storage. Demand is driven by factors such as population growth, mobility, and economic conditions.
Positioning
Public Storage is the largest self-storage company in the world. Its competitive advantages include its brand recognition, scale, and geographically diverse portfolio.
Total Addressable Market (TAM)
The global self-storage market is estimated to be in the tens of billions of dollars. Public Storage, with its extensive network, captures a significant portion of this TAM, but still has growth potential.
Upturn SWOT Analysis
Strengths
- Brand recognition
- Large scale
- Geographic diversification
- Strong financial position
Weaknesses
- High capital expenditures
- Sensitivity to economic cycles
- Potential for oversupply in certain markets
Opportunities
- Expansion into new markets
- Technological innovation (e.g., online rentals)
- Acquisitions of smaller operators
- Increased demand from e-commerce
Threats
- Economic downturns
- Increased competition
- Rising interest rates
- Changes in consumer preferences
Competitors and Market Share
Key Competitors
- EXR
- LSI
- CUBE
Competitive Landscape
Public Storage benefits from its scale and brand. Competitors like Extra Space Storage and Life Storage are also growing rapidly, creating a competitive market.
Major Acquisitions
Shurgard Europe
- Year: 2006
- Acquisition Price (USD millions): 550
- Strategic Rationale: Expanded Public Storage's presence into the European market.
Growth Trajectory and Initiatives
Historical Growth: Public Storage has grown consistently through acquisitions and organic expansion.
Future Projections: Analyst estimates typically project continued growth for Public Storage, driven by demographic trends and increasing demand for self-storage.
Recent Initiatives: Recent initiatives include investments in technology and expansion into new markets.
Summary
Public Storage is a dominant player in the self-storage industry, benefiting from its scale and brand recognition. Its financial performance is generally strong, supported by steady demand. However, the company faces competition and is sensitive to economic cycles and interest rate hikes. Strategic expansion and technological advancements are key to maintaining its leadership position.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Analyst estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Public Storage
Exchange NYSE | Headquaters Glendale, CA, United States | ||
IPO Launch date 1980-11-18 | CEO, President & Trustee Mr. Joseph D. Russell Jr. | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 5900 | Website https://www.publicstorage.com |
Full time employees 5900 | Website https://www.publicstorage.com |
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.

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