PS · Pershing Square Inc.
Price & Indicators
The closing range uses available history since Apr 29, 2026; less than a full year is stored.
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 13, 2026TL;DR. Pershing Square completed its first quarter as a public company following the April 30, 2026 PSUS IPO, deploying the ~$5 billion IPO proceeds into a concentrated portfolio at attractive valuations during Q2 market volatility. Management highlighted plans for a ~15-20% investment-grade leverage target at PSUS and a pipeline of new vehicles (Pershing Square Ventures targeted for late 2026), while flagging PSUS's significant discount to NAV as a priority to address.
- + Plans new permanent capital vehicles including Pershing Square Ventures targeted for late 2026 and ongoing SPARC deal pipeline
- + Howard Hughes transformation could deliver multi-bagger upside; intrinsic value seen north of $100 now and potentially north of $200 by end of 2030 via Vantage insurance buildout
- − Following Corporate Conversion, PS Inc. is now subject to U.S. federal corporate income taxes starting in Q3 2026, creating a drag on distributable earnings
- − Q2 2026 PSUS management fees reflect only ~two-thirds of a full quarter following the April 30, 2026 IPO closing, weighing on current period revenue
- − Hyperscaler CapEx is creating near-term pressure on revenues/EPS with a 2-3 year lag before AI data center investments generate returns
- − No active asymmetric hedges in place despite ongoing tail-risk monitoring
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| DE per share non-GAAP | $0.14 | For the Three Months Ended June 30, 2026 filing | — |
| Distributable earnings non-GAAP | $54.27M | For the Three Months Ended June 30, 2026 filing | — |
| Fee-Paying Assets Under Management (Ending Balance) | $22.26B | Three Months Ended June 30, 2026 filing | — |
| Fee-Paying Assets Under Management Inflows | $4.88B | Three Months Ended June 30, 2026 filing | — |
| Fee-Paying Assets Under Management Outflows | -$376M | Three Months Ended June 30, 2026 filing | — |
| Fee-related earnings non-GAAP | $56.06M | For the Three Months Ended June 30, 2026 filing | — |
| Shares outstanding | 400M | For the Three Months Ended June 30, 2026 filing | — |
| Total Assets Under Management (Ending Balance) | $32.49B | Three Months Ended June 30, 2026 filing | — |
| Total Assets Under Management Inflows | $5.63B | Three Months Ended June 30, 2026 filing | — |
| Total Assets Under Management Outflows | -$573M | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PS
this stock
Pershing Square Inc.
|
$22.46B | — | — | — | 0.2% |
|
BLK
BlackRock, Inc.
|
$347.03B | +0.8% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -28.9% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -26.5% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -18.7% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PS | +11.6% | +44.0% | — | +6.8% | — |
| SPY | +2.0% | +1.7% | +11.3% | +2.2% | +14.3% |
| vs SPY | +9.6% | +42.3% | — | +4.7% | — |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.