profit from every $100 of sales.
$0$100
Public Storage
$335.73-0.06% today
+20.8% in 1 year
1-year low $258.441-year high $342.76
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $35.16 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Public Storage sold, what it kept, and what it did with the cash.
Sales went from $4.18 billion in 2022 to $4.82 billion in 2025, with $1.78 billion of profit last year.
SalesProfit
Public Storage handed back 80% of the cash it generated last year.
$2.3B
Free cash flow 2025$2.9B
Bought back its own shares$0
Paid as dividends$2.3B
Cash vs. debt$318M vs. $10.3B
Public Storage vs. similar companies
Public Storage grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Public Storage | 35.2× · Expensive | ||
 Prologis | 38.0× · Expensive | ||
 Extra Space Storage | 35.7× · Expensive | ||
 SEGRO | 22.6× · Fair price | ||
 EastGroup Properties | 41.4× · Expensive |
Compare Public Storage with American Tower · Equinix · Prologis · Simon Property Group · Welltower
AI analysis
An AI analyst reads Public Storage's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 2,915 | 3,416 | 4,182 | 4,518 | 4,696 | 4,824 | |
| – | – | 3,129 | 3,370 | 3,438 | 3,514 | |
| – | – | 2,169 | 2,319 | 2,201 | 2,260 | |
| – | 2,776 | 5,405 | 3,342 | 3,506 | 3,246 | |
| 1,357 | 1,953 | 4,349 | 2,148 | 2,072 | 1,784 | |
| 6.29 | 9.87 | 23.50 | 11.06 | 10.64 | 9.01 | |
| – | – | 74.8% | 74.6% | 73.2% | 72.8% | |
| – | – | 51.9% | 51.3% | 46.9% | 46.9% | |
| 46.6% | 57.2% | 104.0% | 47.6% | 44.1% | 37.0% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 11,817 | 17,381 | 17,552 | 19,809 | 19,755 | 20,209 |
| Cash | 258 | 735 | 775 | 370 | 447 | 318 |
| Total debt | 2,545 | 7,475 | 6,871 | 9,103 | 9,353 | 10,254 |
| Total liabilities | 3,240 | 7,957 | 7,386 | 9,702 | 9,941 | 10,867 |
| 8,559 | 9,335 | 10,073 | 10,013 | 9,713 | 9,248 | |
| 175 | 176 | 176 | 176 | 176 | 176 | |
| – | 9.7% | 21.1% | 9.8% | 9.8% | 8.5% | |
| 15.9% | 20.9% | 43.2% | 21.5% | 21.3% | 19.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 2,043 | 2,544 | 3,117 | 3,247 | 3,128 | 3,186 | |
| – | – | 460 | 461 | 420 | 289 | |
| – | – | 2,657 | 2,786 | 2,708 | 2,897 | |
| Dividends paid | – | – | 3,908 | 2,305 | 2,302 | 2,303 |
| – | – | 0 | 0 | 200 | 0 | |
| 33 | 60 | 57 | 42 | 45 | 40 |
Valuation
- 35.2×
- 35.2×
- 4.72
- 5.8×
- 13.0×
- 21.7×
- 22.4×
- 4.6%
- 2.8%
- 4.0%
Profitability
- 72.8%
- 46.9%
- 37.0%
- 66.3%
- 12.9%
- 13.7%
- 20.5%
- 9.6%
- 12.8%
- –
Growth
- +10.6%
- +7.5%
- +7.0%
- +8.4%
- +0.1%
Financial health
- 3.0×
- 1.05
- 48.9%
- 7.9×
- 0.27
- 0.27
- 0.24
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 9%of 746
Top 43%of 752
Bottom 18%of 666
Top 35%of 762
Bottom 42%of 763
What analysts expect
- Average price target
- $304.82
- Range
- $276.00 – $352.00
- 7 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 27, 2026 | 2.72 | 2.42 | +12.4% |
| Feb 12, 2026 | 2.60 | 2.49 | +4.4% |
| Oct 29, 2025 | 4.31 | 4.24 | +1.7% |
| Jul 30, 2025 | 4.28 | 4.23 | +1.2% |
| Apr 30, 2025 | 4.12 | 4.06 | +1.5% |
| Feb 24, 2025 | 4.21 | 4.23 | −0.5% |
| Oct 30, 2024 | 4.20 | 4.25 | −1.2% |
| Jul 30, 2024 | 4.23 | 4.20 | +0.7% |
4.0%of the share price, paid each year
On $1,000 invested$40a year at today's yield, before tax
+8.4%2020 to 2025
Raised–not every year
Paid per share, each year
$6.50 in 2015 → $12.00 in 2025
How safe it looks
129.1% of its profit
Room to growStretchedMore than it earns: 79.5%
News
PepGen prices $125M public offering at $5 per shareSeeking Alpha · Nov 12, 2026Retirees should be big beneficiaries of the midterms: ‘Democrats will hold every gavel that matters for aging and public policy’MarketWatch · Nov 10, 2026Anduril Keeps Winning Billion-Dollar Contracts and You Can't Buy It. Here Are 3 Public Stocks That Get Paid Alongside It.Yahoo Finance · Nov 8, 2026The SPAC Sponsor Behind Lucid and Oklo Is Taking Agility Robotics Public on Nov. 5. Here's What Those 2 Stocks Did in Their First 90 Days.Yahoo Finance · Nov 4, 2026Public Storage declares $3.00 dividendSeeking Alpha · Nov 4, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
62Pass
Philip Fisher
51No pass
Peter Lynch
29No pass
Joel Greenblatt
48No pass
Charlie Munger
65Pass
Terry Smith
60Pass
Questions about Public Storage
Is Public Storage a good stock to buy?
A strong, very profitable business, but the price is high. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Public Storage AI analysis
What does Public Storage do?
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. It is in REIT - Industrial, based in Frisco, TX, United States, with 5,770 employees.
Does Public Storage pay a dividend?
Yes. At today's price the dividend is 4.0% a year, about 129% of its yearly profit. In 2025 it paid out $2.30 billion in dividends.
Is Public Storage stock halal?
Yes. Public Storage passes our halal screen: its business is permitted and its debt is 16% of its market value, under the 30% limit. How we check
How has Public Storage stock done over the past year?
Up 20.8% over the past twelve months, to $335.73. It traded between $258.44 and $342.76 and is 2.1% below its high.
Who are Public Storage's competitors?
The largest listed companies in the same industry are Prologis, Extra Space Storage, SEGRO and EastGroup Properties. The peers table on this page compares their profit, growth and price with Public Storage's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.