
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT
- About


Public Storage (PSA)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: PSA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 0.5% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 52.43B USD | Price to earnings Ratio 28.06 | 1Y Target Price 334 |
Price to earnings Ratio 28.06 | 1Y Target Price 334 | ||
Volume (30-day avg) 807479 | Beta 0.73 | 52 Weeks Range 246.58 - 362.91 | Updated Date 04/1/2025 |
52 Weeks Range 246.58 - 362.91 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 4.01% | Basic EPS (TTM) 10.65 |
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 - | When - | Estimate - | Actual - |
Profitability
Profit Margin 43.94% | Operating Margin (TTM) 46.64% |
Management Effectiveness
Return on Assets (TTM) 6.97% | Return on Equity (TTM) 20.93% |
Valuation
Trailing PE 28.06 | Forward PE 30.21 | Enterprise Value 65680881589 | Price to Sales(TTM) 11.12 |
Enterprise Value 65680881589 | Price to Sales(TTM) 11.12 | ||
Enterprise Value to Revenue 13.99 | Enterprise Value to EBITDA 18.73 | Shares Outstanding 175416992 | Shares Floating 157368780 |
Shares Outstanding 175416992 | Shares Floating 157368780 | ||
Percent Insiders 10.19 | Percent Institutions 82.61 |
Analyst Ratings
Rating 3.6 | Target Price 346 | Buy 4 | Strong Buy 5 |
Buy 4 | Strong Buy 5 | ||
Hold 10 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Public Storage

Company Overview
History and Background
Public Storage was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It began as a single self-storage facility in Southern California and grew rapidly through acquisitions and new developments, becoming the largest self-storage company in the world.
Core Business Areas
- Self-Storage Operations: Owns, operates, and acquires self-storage facilities. It generates revenue from rental of storage spaces to both individual and commercial customers.
- Ancillary Products & Services: Offers packing supplies, moving services, and insurance products to complement its storage solutions.
- Real Estate Operations: The Company invests in real estate directly and through REIT investments related to the self storage industry.
Leadership and Structure
Joe Russell is the CEO of Public Storage. The company operates as a real estate investment trust (REIT) with a traditional hierarchical structure.
Top Products and Market Share
Key Offerings
- Self-Storage Units: Rental of various sized self-storage units to individuals and businesses. Public Storage has approximately 1.9 million customers. Competitors include Extra Space Storage, CubeSmart, and Life Storage. There is no precise breakdown of revenue from this offering specifically.
- Moving and Packing Supplies: Sale of boxes, tape, and other moving supplies. This is a smaller revenue stream compared to storage rentals. Competitors include U-Haul and local moving supply stores. Exact revenue numbers are not broken out from the primary source of self-storage revenues.
Market Dynamics
Industry Overview
The self-storage industry is experiencing steady growth, driven by factors like increasing mobility, urbanization, and downsizing trends. It's considered a relatively recession-resistant industry.
Positioning
Public Storage is the largest self-storage REIT globally and has a strong brand recognition. It benefits from economies of scale and a diversified geographic footprint.
Total Addressable Market (TAM)
The self-storage market is estimated to be worth over $50 billion annually. Public Storage, with its leading market share, is well-positioned to capture a significant portion of this TAM. The continued demand for storage solutions provides for continued growth.
Upturn SWOT Analysis
Strengths
- Largest self-storage REIT
- Strong brand recognition
- Diversified geographic footprint
- High occupancy rates
- Economies of scale
Weaknesses
- High capital expenditure requirements
- Sensitivity to economic downturns
- Reliance on acquisitions for growth
Opportunities
- Expansion into new markets
- Development of new storage facilities
- Technological advancements (e.g., online rentals)
- Increased demand from e-commerce businesses
Threats
- Increased competition
- Rising interest rates
- Changes in consumer preferences
- Economic recessions
- Overbuilding of storage facilities
Competitors and Market Share
Key Competitors
- EXR
- CUBE
- LSI
Competitive Landscape
Public Storage has a significant advantage due to its size and brand recognition. However, competitors are actively expanding and innovating, creating a dynamic competitive landscape.
Major Acquisitions
Simply Self Storage
- Year: 2020
- Acquisition Price (USD millions): 2200
- Strategic Rationale: Expanded Public Storage's presence in key markets and added a significant number of new storage facilities to its portfolio. Increase scale and density within exisiting markets.
Growth Trajectory and Initiatives
Historical Growth: Public Storage has experienced steady growth over the past years, driven by acquisitions and organic expansion.
Future Projections: Analyst estimates suggest continued growth for Public Storage, driven by increasing demand for self-storage solutions. Factors like urbanization, housing market trends, and economic activity influence these projections.
Recent Initiatives: Recent initiatives include investments in technology to enhance customer experience, expansion into new markets, and acquisitions of existing storage facilities.
Summary
Public Storage is a leading self-storage REIT with a strong market position and brand. Its diversified geographic footprint and economies of scale provide a competitive advantage. However, it faces increasing competition and is sensitive to economic downturns. To sustain growth, Public Storage needs to focus on technological innovation and strategic acquisitions.
Similar Companies

CUBE

CubeSmart



CUBE

CubeSmart

EXR

Extra Space Storage Inc



EXR

Extra Space Storage Inc

UHAL

U-Haul Holding Company



UHAL

U-Haul Holding Company
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q), Investor presentations, Industry reports, Market research reports, Reuters, Bloomberg, SEC.gov
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual research and consultation with a qualified financial advisor. Market conditions and company performance can change rapidly.
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 December 31, 2024, we: (i) owned and/or operated 3,380 self-storage facilities located in 40 states with approximately 245 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 17 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.