US · USD
PSA
Public Storage
- Day's range
- US$280.02 – US$285.86
- Day's volume
- US$269.9m
- 52-week range
- US$250.91 – US$327.11
Follow PSA on Fuolio
See how PSA weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountPSA in numbers
- Market cap
- US$49.9bn
- P/E
- 24.40
- P/B
- 5.43
- Dividend yield (12m)
- 4.23%
The 12-month dividend yield of PSA is 4.23%, below its 5-year average of 4.45%.
PSA price history
PSA risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +1.97% | +21.12% | +18.98% |
| Volatility (annualised) | 24.85% | 26.67% | 25.39% |
| Largest drawdown | -11.85% | -24.98% | -33.02% |
| Positive months | 6/12 | 20/36 | 29/60 |
How much did investing in PSA return?
US$1,000.00 invested on 01/09/2021 would be worth US$1,189.80 today.
- Value today in PSA
- US$1,189.80
- Return over the period
- +18.98%
- Return per year
- +3.54%
- In the S&P 500
- US$1,776.31
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
PSA fundamentals
Valuation
- P/E24.40
- P/B5.43
- EV/EBITDA—
- EV/EBIT—
- EV/Revenue12.23
- P/EBIT—
- P/S10.20
- P/OCF15.72
- P/FCF—
- Earnings yield—
- PEG ratio—
- Earnings per shareUS$11.64
- Book value per shareUS$52.33
Debt
- Net debtUS$9.9bn
- Net debt/EBITDA—
- Net debt/Equity1.08
- Debt/Equity1.11
- Current ratio—
- Quick ratio—
- Cash ratio—
Efficiency
- Gross margin—
- EBITDA margin—
- Operating margin—
- Net margin41.80%
- Asset turnover0.24
Profitability
- ROE22.24%
- ROA10.16%
- ROIC—
- Payout103.09%
Growth
- Revenue CAGR (5 years)9.69%
- Earnings CAGR (5 years)6.11%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is PSA's fair price?
Two classic value formulas, with today's numbers. The current price is US$284.00.
- Graham's fair price
- US$117.07
- 58.78% below the price
√(22.50 × US$11.64 × US$52.33)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- US$217.17
- 23.53% below the price
US$13.03 (5-year average) ÷ 6%
Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.
Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.
PSA indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 25.52 | 25.35 | 24.94 | 11.32 | 33.65 | 29.76 | 24.48 | 20.64 |
| P/B | 4.92 | 5.41 | 5.35 | 4.89 | 7.04 | 4.72 | 4.11 | 3.87 |
| Dividend yield | 4.62% | 4.01% | 3.93% | 7.55% | 2.14% | 3.46% | 3.76% | 3.95% |
| Earnings per share | US$10.17 | US$11.81 | US$12.23 | US$24.75 | US$11.13 | US$7.76 | US$8.70 | US$9.81 |
| Book value per share | US$52.69 | US$55.37 | US$56.99 | US$57.31 | US$53.20 | US$48.93 | US$51.86 | US$52.26 |
| ROE | 19.29% | 21.33% | 21.45% | 43.17% | 20.92% | 15.86% | 16.78% | 18.76% |
| Gross margin | — | — | — | — | — | — | — | 73.00% |
| Net margin | 36.99% | 44.13% | 47.55% | 103.99% | 57.18% | 46.56% | 53.26% | 62.00% |
PSA financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | US$4.8bn | US$4.7bn | US$4.5bn | US$4.2bn | US$3.4bn | US$2.9bn |
| Cost of sales | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — |
| EBIT | — | — | — | — | — | — |
| Net finance result | — | — | — | — | — | — |
| Profit before tax | US$1.8bn | US$2.1bn | US$2.2bn | US$4.4bn | US$2bn | — |
| Income tax | US$7.2m | -US$4.7m | -US$10.8m | -US$14.3m | -US$12.4m | — |
| Net income | US$1.8bn | US$2.1bn | US$2.1bn | US$4.3bn | US$2bn | US$1.4bn |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does PSA pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 14/09/2026 | 06/10/2026 | US$3.00 |
Dividend yield per year
- 3.83%2017
- 3.95%2018
- 3.76%2019
- 3.46%2020
- 2.14%2021
- 7.55%2022
- 3.93%2023
- 4.01%2024
- 4.62%2025
- 2.11%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 12/06/2026 | 30/06/2026 | US$3.00 |
| Dividend | 13/03/2026 | 31/03/2026 | US$3.00 |
| Dividend | 12/12/2025 | 30/12/2025 | US$3.00 |
| Dividend | 12/09/2025 | 30/09/2025 | US$3.00 |
| Dividend | 11/06/2025 | 27/06/2025 | US$3.00 |
| Dividend | 12/03/2025 | 28/03/2025 | US$3.00 |
| Dividend | 12/12/2024 | 30/12/2024 | US$3.00 |
| Dividend | 12/09/2024 | 30/09/2024 | US$3.00 |
| Dividend | 11/06/2024 | 27/06/2024 | US$3.00 |
| Dividend | 11/03/2024 | 28/03/2024 | US$3.00 |
| Dividend | 11/12/2023 | 28/12/2023 | US$3.00 |
| Dividend | 11/09/2023 | 28/09/2023 | US$3.00 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 12/06/2023 | 29/06/2023 | US$3.00 |
| Dividend | 13/03/2023 | 30/03/2023 | US$3.00 |
| Dividend | 12/12/2022 | 29/12/2022 | US$2.00 |
| Dividend | 12/09/2022 | 29/09/2022 | US$2.00 |
| Dividend | 28/07/2022 | 04/08/2022 | US$13.15 |
| Dividend | 13/06/2022 | 30/06/2022 | US$2.00 |
| Dividend | 14/03/2022 | 31/03/2022 | US$2.00 |
| Dividend | 13/12/2021 | 30/12/2021 | US$2.00 |
| Dividend | 13/09/2021 | 30/09/2021 | US$2.00 |
| Dividend | 11/06/2021 | 30/06/2021 | US$2.00 |
| Dividend | 12/03/2021 | 31/03/2021 | US$2.00 |
| Dividend | 11/12/2020 | 30/12/2020 | US$2.00 |
| Dividend | 11/09/2020 | 30/09/2020 | US$2.00 |
| Dividend | 11/06/2020 | 30/06/2020 | US$2.00 |
| Dividend | 12/03/2020 | 31/03/2020 | US$2.00 |
| Dividend | 11/12/2019 | 30/12/2019 | US$2.00 |
| Dividend | 10/09/2019 | 27/09/2019 | US$2.00 |
| Dividend | 10/06/2019 | 27/06/2019 | US$2.00 |
| Dividend | 11/03/2019 | 28/03/2019 | US$2.00 |
| Dividend | 10/12/2018 | 27/12/2018 | US$2.00 |
| Dividend | 10/09/2018 | 27/09/2018 | US$2.00 |
| Dividend | 11/06/2018 | 28/06/2018 | US$2.00 |
| Dividend | 12/03/2018 | 29/03/2018 | US$2.00 |
| Dividend | 11/12/2017 | 28/12/2017 | US$2.00 |
| Dividend | 11/09/2017 | 28/09/2017 | US$2.00 |
| Dividend | 09/06/2017 | 29/06/2017 | US$2.00 |
| Dividend | 10/03/2017 | 30/03/2017 | US$2.00 |
| Dividend | 09/12/2016 | 29/12/2016 | US$2.00 |
About Public Storage
- Sector
- Finance, insurance and real estate
Questions about PSA
How much is PSA today?
PSA is at US$284.00 (0.41% on the day), last traded on 01/10/2026.
How much did PSA pay in dividends in 2025?
PSA paid US$12.00 per share in 2025, a dividend yield of 4.62%.
When is the next PSA dividend?
The next announced payment is US$3.00 per share on 06/10/2026.
What are the P/E and P/B of PSA?
PSA trades at a P/E of 24.40 and a P/B of 5.43.
How much did PSA return in 12 months?
PSA returned 1.97% in 12 months, with annualised volatility of 24.85% and a largest drawdown of -11.85%.