Public Storage

PSA Real Estate Reit Industrial

Public Storage’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 2.74% from fiscal 2024. In the quarter to June 2026, revenue grew 2.65%, EPS grew 45.5%, free cash flow was flat and total debt fell 2.49%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten.

298.27 2.94 +1.00%
Market cap
$55.2B
P/E
28.4×
Fwd P/E
30.0×
Dividend yield
4.02%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Public Storage (PSA) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Public Storage (PSA) trades at a P/E ratio of 28.4×. Over the past ten years it has ranged from 11.1× (November 2022) to 45.5× (September 2021); the current reading is higher than 32% of that period. That is in line with the Reit Industrial industry median of 27.9× and above the Real Estate sector median of 21.6×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 28.7× 2.40%
FY2024 28.1× (0.01%)
FY2023 28.1× 141.90%
FY2022 11.6× (69.30%)
FY2021 37.8× 2.95%
FY2020 36.7× 26.02%
FY2019 29.1× 23.20%
FY2018 23.6× (22.75%)
FY2017 30.6× (6.33%)
FY2016 32.7× (19.66%)

Quarterly newest first

Period P/E ratio Change
Jun 2026 30.3× 8.57%
Mar 2026 27.9× (2.92%)
Dec 2025 28.7× (3.99%)
Sep 2025 29.9× (6.25%)
42 more quarters

Against its own ten years

Low 11.1× High 45.5×
Ten-year median 30.5×
Current reading's percentile 35

P/E ratio against peers

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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