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PSA Public Storage

Trailing twelve months to 2026-06-30 · as filed 2026-07-29, not restated
Real Estate

Scale

Market cap
$59.0bn
Revenue TTM
$4.9bn
Net income TTM
$2.0bn
Free cash flow
Composite score
61.3
Sector rank
#200

Valuation

P / E
28.9
EV / EBITDA
EV / sales
14.1
FCF yield
Earnings yield vs 10-yr
-1.27pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
41.8%
EBITDA margin
ROE
22.2%
ROIC
Revenue growth
3.0%

Insider activity, last 90 days

Net open-market
$-0.77m
Buyers
0
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

During the three and six months ended June 30, 2026, revenues generated by our Same Store Facilities decreased by 0.6% ($5.9 million) and 0.3% ($6.1 million), respectively, as compared to the same periods in 2025. Cost of operations for Same Store Facilities increased by 4.4% ($11.1 million) and 1.6% ($8.2 million), respectively, for the three and six months ended June 30, 2026 as compared to the same periods in 2025. During the three and six months ended June 30, 2026, combined net operating income generated by our Acquired Facilities and Developed and Expanded Facilities increased 23.3% ($15.8 million) and 26.3% ($34.3 million), respectively, as compared to the same periods in 2025. …Public Storage, 10-Q, period ended 2026-06-30, filed 2026-07-29

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