public storage built its first self-storage facility in 1972. today we’re the nation’s largest self-storage provider and we couldn’t have done it without the support and dedication of all our team-members. it’s our people, the remarkable public storage family that makes us the leader in the industry! we’re privileged to have driven and talented groups of people across all levels of our organization; from our property managers who greet and assist our customers every day to our district managers who strive to ensure each member of their team is trained for success; our corporate team-members and company officers work passionately to provide field management with tools required for them to succeed. we owe our success to their effort and dedication. be a part of our thriving community, the public storage team! explore our website for opportunities ranging from property management, field management, corporate, real estate, it and call center positions; you’ll find one that's just right for
![Public Storage logo](/files/LOGO/1393311-PSA.png)
Company profile
Ticker
PSA, PSA+I, PSA+J, PSA+K, PSA+L, PSA+N, PSA+O, PSA+P, PSA+Q, PSA+R, PSA+S
Exchange
Website
CEO
Joseph Russell
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Public Storage OP, LP • Public Storage Operating Company • PS California Holdings, Inc • PS Simply Storage, LLC ...
IRS number
953551121
PSA stock data
Latest filings (excl ownership)
8-K
Public Storage Appoints New Independent Trustee
25 Jul 24
8-K
Regulation FD Disclosure
3 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
8 May 24
10-Q
2024 Q1
Quarterly report
30 Apr 24
8-K
Results of Operations and Financial Condition
30 Apr 24
8-K
Entry into a Material Definitive Agreement
16 Apr 24
8-K
Entry into a Material Definitive Agreement
10 Apr 24
424B5
Prospectus supplement for primary offering
10 Apr 24
FWP
Free writing prospectus
9 Apr 24
424B5
Prospectus supplement for primary offering
9 Apr 24
Transcripts
PSA
Earnings call transcript
2024 Q1
1 May 24
PSA
Earnings call transcript
2023 Q4
21 Feb 24
PSA
Earnings call transcript
2023 Q3
31 Oct 23
PSA
Earnings call transcript
2023 Q2
3 Aug 23
PSA
Earnings call transcript
2023 Q1
4 May 23
PSA
Earnings call transcript
2022 Q4
22 Feb 23
PSA
Earnings call transcript
2022 Q3
2 Nov 22
PSA
Earnings call transcript
2022 Q2
5 Aug 22
PSA
Earnings call transcript
2022 Q1
4 May 22
PSA
Earnings call transcript
2021 Q4
23 Feb 22
Latest ownership filings
4
MARIA R HAWTHORNE
26 Jul 24
3
MARIA R HAWTHORNE
26 Jul 24
144
Notice of proposed sale of securities
11 Jul 24
144
Notice of proposed sale of securities
2 Jul 24
4
Shankh Mitra
2 Jul 24
4
PAUL S WILLIAMS
2 Jul 24
4
RONALD P SPOGLI
2 Jul 24
4
JOHN REYES
2 Jul 24
4
RONALD L HAVNER JR
2 Jul 24
4
Nathaniel A. Vitan
10 Jun 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 302.18 mm | 302.18 mm | 302.18 mm | 302.18 mm | 302.18 mm | 302.18 mm |
Cash burn (monthly) | 32.73 mm | 35.30 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 126.57 mm | 136.50 mm | n/a | n/a | n/a | n/a |
Cash remaining | 175.61 mm | 165.68 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 5.4 | 4.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
76.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1013 |
Opened positions | 246 |
Closed positions | 101 |
Increased positions | 373 |
Reduced positions | 249 |
13F shares | Current |
---|---|
Total value | 35.00 tn |
Total shares | 134.42 mm |
Total puts | 447.20 k |
Total calls | 224.36 k |
Total put/call ratio | 2.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 20.95 mm | $6.08 tn |
BLK Blackrock | 16.12 mm | $4.68 tn |
STT State Street | 10.50 mm | $3.05 tn |
T. Rowe Price | 5.43 mm | $1.58 bn |
Wellington Management | 4.00 mm | $1.16 tn |
Geode Capital Management | 3.79 mm | $1.10 tn |
FMR | 3.62 mm | $1.05 tn |
JPM JPMorgan Chase & Co. | 2.92 mm | $848.35 bn |
CNS Cohen & Steers | 2.69 mm | $780.37 mm |
Capital International Investors | 2.61 mm | $756.84 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Jul 24 | Hawthorne Maria R | AO LTIP Units Common Shares | Grant | Acquire A | No | No | 294.92 | 9,806 | 2.89 mm | 9,806 |
30 Jun 24 | Havner Ronald L JR | Common Shares | Grant | Acquire A | No | No | 287.65 | 105 | 30.20 k | 8,515 |
30 Jun 24 | John Reyes | Common Shares | Grant | Acquire A | No | No | 287.65 | 111 | 31.93 k | 12,666 |
30 Jun 24 | Spogli Ronald P | Common Shares | Grant | Acquire A | No | No | 287.65 | 148 | 42.57 k | 12,530 |
News
Wells Fargo Maintains Overweight on Public Storage, Raises Price Target to $320
26 Jul 24
$100 Invested In This Stock 20 Years Ago Would Be Worth $600 Today
25 Jul 24
Scotiabank Maintains Sector Perform on Public Storage, Raises Price Target to $314
19 Jul 24
Evercore ISI Group Maintains In-Line on Public Storage, Raises Price Target to $300
15 Jul 24
$100 Invested In This Stock 20 Years Ago Would Be Worth $600 Today
3 Jul 24