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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 self-storage REIT in the US, leveraging scale advantages and a robust balance sheet for strategic growth |
Financial Headwinds | Delve into PSA's recent earnings challenges, including increased expenses and competitive pressures, while maintaining steady full-year guidance |
Growth Strategies | Learn about PSA's bullish acquisition stance and development pipeline, poised to capitalize on declining industry supply and potential market consolidation |
Analyst Perspectives | Discover varied analyst views on PSA, with price targets ranging from $327 to $381, reflecting differing outlooks on the company's profitability 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 | 32.9x | 9.5x | 7.5x | |
PEG Ratio | −2.84 | 0.17 | 0.01 | |
Price/Book | 10.7x | 1.0x | 0.9x | |
Price / LTM Sales | 11.9x | 6.2x | 4.0x | |
Upside (Analyst Target) | 6.6% | 26.8% | 17.4% | |
Fair Value Upside | Unlock | 7.3% | 0.7% | Unlock |