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Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2024, we: (i) owned and/or operated 3,333 self-storage facilities located in 40 states with approximately 241 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 315 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.
Market Dominance | Explore Public Storage's position as the largest U.S. storage asset owner, boasting a $55.8B market cap and industry-leading financial health metrics |
Financial Resilience | Delve into PSA's robust profitability, with a 73.4% gross profit margin and strong operational efficiency, despite recent market challenges |
Growth Strategies | Learn how PSA's development initiatives and potential acquisitions could drive future expansion in a shifting self-storage landscape |
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $327 to $381, reflecting PSA's market position and growth potential |
Metrics to compare | PSA | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipPSAPeersSector | |
---|---|---|---|---|
P/E Ratio | 29.8x | 8.0x | 7.7x | |
PEG Ratio | −2.57 | 0.16 | 0.01 | |
Price/Book | 9.6x | 0.9x | 0.9x | |
Price / LTM Sales | 10.8x | 6.1x | 3.7x | |
Upside (Analyst Target) | 18.0% | 45.4% | 22.5% | |
Fair Value Upside | Unlock | 15.6% | 2.3% | Unlock |