PSA · Public Storage
$325.13
+2.03 (+0.63%)
At close · Aug 19
Market Cap
$57.21B
Shares
175.62M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$325.13
Open$325.70
Day$323.88–329.87
52W close$258.44–330.47
Avg vol 30d1.1M
Short int5.6M · 3.2% float · 3.5d
Short vol67%
Last earningsJul 30, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 29
Up next
Next earnings call
Oct 30, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 29, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Strong
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Low
Market backdrop
VIX 14.9 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+10%
above
Price vs 50-day avg
+1%
above
RSI (14)
52
neutral
MACD trend
Negative
52-week position
93%
near high
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+4%
trailing
6-month return
+7%
trailing
YTD return
+25%
this year
Relative strength
−5%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $322 › 200d $296 — 50d above 200d
Institutional flow
Accumulating
+1% holders QoQ · +128 funds added
Insider flow
Distributing
Net -$771.7K over 90 days · 100% sells
Short interest
Falling
3.16% of float · ▼ -16.0% MoM · 3.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
1,113 holders — mid 3-yr range
Squeeze score
56
elevated · 0–100
Fundamentals
Revenue growth
+3%
Y/Y
Gross margin
42%
expanding
EPS growth
−15%
Y/Y
Valuation
P/E 31.1
in line
Balance sheet
$10.6B
net debt
Quant / Vol
risk profile
Volatility
23%
annualized · 1-yr
Max drawdown
−17%
past year
ATR
2.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 29, 2026
Same Store Revenue growth
· 2026
-0.7% – 0.3%
Same Store Expense growth
· 2026
2% – 3%
Non-Same Store net operating income
· 2026
$343M – $357M
Core FFO per share
· 2026
Non-GAAP
$16.75 – $17.05
Same Store Net operating income growth
· 2026
-2% – -0.3%
Prior guidance
period ended
· from the Earnings Call filed Jun 30, 2025
Core FFO per share
· 2025
$16.35 – $16.45
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+10%
Bullish
Price vs 50-day avg
+1%
Bullish
RSI (14)
52
Neutral
MACD trend
Negative
Bearish
52-week position
93%
Bullish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $322 › 200d $296 — 50d above 200d
Institutional flow
Accumulating
+1% holders QoQ · +128 funds added
Insider flow
Distributing
Net -$771.7K over 90 days · 100% sells
Short interest
Falling
3.16% of float · ▼ -16.0% MoM · 3.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
1,113 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $258
Now $325 · 93%
Range high $330
vs 200-day avg +10%
vs 50-day avg +1%
Illustrative 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 |
|---|---|---|---|
| Acquired net rentable square feet (full year) | 3.2M | Six Months Ended June 30, 2026 | — |
| Acquired net rentable square feet (quarter) | 1.5M | Q2 2026 | — |
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| Acquired self-storage facilities (full year) | 44 | Six Months Ended June 30, 2026 | — |
| Acquired self-storage facilities (quarter) | 20 | Q2 2026 | — |
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| Annual contract rent per occupied square foot non-GAAP | $22.09 | Q2 FY2026 | — |
| Core FFO allocable to common shares non-GAAP | $736.07M | Three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP FFO allocable to common shares 742.94M
+4.69M Transaction and integration costs
-1.7M Legal reserves and recoveries
+4.24M Corporate transformation costs
+5.1M Executive severance and CEO transition costs
-17.19M Foreign currency exchange (gain) loss
-3.78M Unrealized (gain) loss on private equity investments
+606K Unrealized (gain) loss on interest rate derivatives
+1.18M Other items
= Core FFO allocable to common shares 736.07M
|
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| Core FFO per share non-GAAP | $4.17 | Q2 2026 | — |
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| Direct net operating income non-GAAP | $778.88M | Three months ended June 30, 2026 | — |
| FAD non-GAAP | $694.89M | Three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP FFO allocable to common shares 742.94M
+12.53M Share-based compensation expense in excess of cash paid
-17.19M Foreign currency exchange (gain) loss
-43.39M Capital expenditures to maintain real estate facilities
= FAD 694.89M
|
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| FFO allocable to common shares non-GAAP | $742.94M | Three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income allocable to common shareholders 450.26M
+284.73M Real estate-related depreciation and amortization
+10.88M Real estate-related depreciation from unconsolidated real estate investment
-2.76M Real estate-related depreciation allocated to noncontrolling interests, restricted share unitholders, and unvested LTIP unithold
-210K Impairment (recovery) write-down of real estate investments
+35K Gains on sale of real estate investments, including our equity share from investment
= FFO allocable to common shares 742.94M
|
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| FFO per share non-GAAP | $4.21 | Three months ended June 30, 2026 | — |
| Gross margin (after indirect costs) | 74.2% | Three months ended June 30, 2026 | — |
| Gross margin (before indirect costs) | 77.4% | Three months ended June 30, 2026 | — |
| Net operating income non-GAAP | $746.37M | Three months ended June 30, 2026 | — |
| Net rentable square feet from new developments and expansions delivered (full year) | 0.4M | Six Months Ended June 30, 2026 | — |
| Non-Same Store facilities | 441 | Q2 2026 | — |
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| Owned and/or operated self-storage facilities (U.S.) | 3,584 | Q2 FY2026 | — |
| Realized annual rental income per Available square foot non-GAAP | $20.24 | Three months ended June 30, 2026 | — |
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| Realized annual rental income per Occupied square foot non-GAAP | $21.89 | Three months ended June 30, 2026 | — |
| Same Store Average Occupancy | 92.5% | Q2 2026 | — |
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| Same Store Facilities | 2,755 | Q2 2026 | — |
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| Same Store Facilities square foot occupancy (weighted average) | 92.5% | Q2 FY2026 | — |
| Same Store Gross Margin (after indirect costs) | 74.2% | Q2 2026 | — |
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| Same Store Gross Margin (before indirect costs) | 77.4% | Q2 2026 | — |
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| Same Store Realized annual rental income per available square foot | $20.24 | Q2 2026 | — |
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| Same Store Realized annual rental income per occupied square foot | $21.89 | Q2 2026 | — |
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| Same Store square foot occupancy at period end | 92.4% | Q2 FY2026 | — |
| Self-storage NOI non-GAAP | $832.13M | Three months ended June 30, 2026 | — |
| Square foot occupancy | 92.5% | Three months ended June 30, 2026 | — |
| Third-Party Property Management facilities | 463 | Q2 2026 | — |
| Third-Party Property Management facilities under construction | 68 | Q2 FY2026 | — |
| Third-Party Property Management net facility additions | 22 | Q2 FY2026 | — |
| Total notes receivable | $173.3M | Q2 2026 | — |
| U.S. net rentable square feet | 259M | Q2 FY2026 | — |
| Weighted Average Interest Rate on total debt | 3.3% | Six Months Ended June 30, 2026 | — |
| Weighted Average Years to Maturity on total debt | 6.1 | Six Months Ended June 30, 2026 | — |
| Non-Same Store rentable square feet | 37.7M | Three Months Ended March 31, 2026 | — |
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| Same Store net rentable square feet | 192.1M | Three Months Ended March 31, 2026 | — |
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| Development and expansion pipeline net rentable square feet | 3.5M | FY2025 | — |
| EBITDA to Fixed Charges non-GAAP | 6.8 | FY2025 | — |
| Net Debt and Preferred Equity to EBITDA non-GAAP | 4.2 | FY2025 | — |
| Third-Party Property Management net rentable square feet | 28.2M | FY2025 | — |
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
REIT - Industrial — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PSA
this stock
Public Storage
|
$57.21B | +25.3% | +2.7% | 31.1 | 3.2% |
|
PLD
Prologis, Inc.
|
$131.04B | +10.7% | +7.2% | 35.4 | 1.9% |
|
EXR
Extra Space Storage Inc.
|
$31.34B | +13.6% | +3.7% | 32.8 | 2.2% |
|
EGP
Eastgroup Properties Inc
|
$10.85B | +13.6% | +12.7% | 35.4 | 4.4% |
|
CUBE
CubeSmart
|
$9.38B | +15.0% | +5.3% | 29.0 | 4.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PSA | +0.5% | +4.3% | +7.0% | +0.3% | +25.3% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | +0.9% | +1.4% | -4.6% | -2.7% | +12.5% |
Capital returns
Latest dividend
$3.00
/ share · ex Jun 15, 2026
Declared · upcoming
$3.00
/ share · ex Sep 15, 2026
Paid (TTM)
$12.00
/ share · 4 payouts
Dividend yield (TTM, derived)
3.69%
Buyback program
· as of Dec 31, 2025
Authorized
shares 35.00M
Spent (derived)
shares 24.45M
Remaining
shares 10.55M
Spent
Remaining
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.
Key facts
CIK
1393311
CUSIP
74460D109
13F (30d)
995 filings
935 filers
Visit website
Investor relations