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Public Storage (PSA)

Company Profile

Company profile

Ticker

PSA, PSA-PF, PSA-PJ, PSA-PN, PSA-PP, PSA-PI, PSA-PR, PSA-PH, PSA-PO, PSA-PS, PSA-PL, PSA-PG, PSA-PQ, PSA-PK, PSA-PM

Exchange

Website

www.publicstorage.com

CEO

Mr. Joseph D. Russell Jr.

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > REITS and Finance

Industry (SIC)

Real Estate Investment Trusts

Starwood Property Trust • Annaly Capital Management • AGNC Investment • Simon Property • Prologis • Equity Residential • VEREIT • Ventas • Invesco Mortgage Capital • Crown Castle ...

Former names

MERCER INTERNATIONAL REGCO INC.

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Public Storage OP, LP • Public Storage Operating Company • PS California Holdings, Inc • PS Simply Storage, LLC ...

IRS number

953551121

PSA stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$352.50

Low target

$340.00

High target

$365.00

Truist Securities

Latest filings (excl ownership)

View all

Prospectus supplement for primary offering

Automatic shelf registration

Departure of Directors or Certain Officers

Quarterly report

30 Oct 24

Results of Operations and Financial Condition

Regulation FD Disclosure

Quarterly report

30 Jul 24

Results of Operations and Financial Condition

Public Storage Appoints New Independent Trustee

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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RONALD P SPOGLI

RONALD L HAVNER JR

RONALD P SPOGLI

PAUL S WILLIAMS

Nathaniel A. Vitan

Notice of proposed sale of securities

Christopher Sambar

Christopher Sambar

Financial summary

Financial statements Chart PSA financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
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)	599.00 mm	599.00 mm	599.00 mm	599.00 mm	599.00 mm	599.00 mm
Cash burn (monthly)	(no burn)	5.11 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	21.00 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	578.00 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	113.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

PSA institutional ownership history Ownership history

79.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1104	1042	+6.0%
Opened positions	148	105	+41.0%
Closed positions	86	95	-9.5%
Increased positions	410	428	-4.2%
Reduced positions	382	352	+8.5%

13F shares	Current	Prev Q	Change
Total value	44.77 tn	35.82 tn	+25.0%
Total shares	140.00 mm	138.04 mm	+1.4%
Total puts	203.70 k	361.40 k	-43.6%
Total calls	166.40 k	146.45 k	+13.6%
Total put/call ratio	1.2	2.5	-50.4%

Largest owners	Shares	Value	Change
Vanguard	20.65 mm	$7.51 tn	-0.1%
BlackRock	16.60 mm	$6.04 tn	NEW
STT State Street	10.37 mm	$3.77 tn	+0.5%
T. Rowe Price	6.10 mm	$2.22 bn	+4.2%
FMR	5.03 mm	$1.83 tn	+20.9%
CNS Cohen & Steers	4.84 mm	$1.76 bn	+69.4%
JPM JPMorgan Chase & Co.	4.44 mm	$1.62 tn	+49.2%
Geode Capital Management	3.93 mm	$1.43 tn	+1.4%
Wellington Management	3.36 mm	$1.22 tn	-15.1%
Charles Schwab Investment Management	2.81 mm	$1.02 tn	+2.0%

Largest transactions	Shares	Bought/sold	Change
BlackRock	16.60 mm	+16.60 mm	NEW
BLK BlackRock	0.00	-15.77 mm	EXIT
Norges Bank	0.00	-3.01 mm	EXIT
CNS Cohen & Steers	4.84 mm	+1.98 mm	+69.4%
JPM JPMorgan Chase & Co.	4.44 mm	+1.46 mm	+49.2%
Ubs Global Asset Management Americas	1.54 mm	+1.36 mm	+732.9%
Adelante Capital Management	1.46 mm	+1.16 mm	+389.9%
FMR	5.03 mm	+869.07 k	+20.9%
Capital World Investors	1.25 mm	+706.23 k	+130.0%
Cbre Clarion Securities	389.85 k	-672.56 k	-63.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PSA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Jan 25	Spogli Ronald P	LTIP Units Common Shares	Option exercise	Acquire M	No	No	0	2,003.41	0.00	4,163.72
27 Jan 25	Spogli Ronald P	AO LTIP Units Common Shares	Option exercise	Dispose M	No	No	181.95	5,163	939.41 k	0
31 Dec 24	Shankh Mitra	Common Shares	Grant	Acquire A	No	No	299.44	111	33.24 k	8,429
31 Dec 24	Williams Paul S	Common Shares	Grant	Acquire A	No	No	299.44	67	20.06 k	1,096
31 Dec 24	John Reyes	Common Shares	Grant	Acquire A	No	No	299.44	111	33.24 k	12,869
31 Dec 24	Spogli Ronald P	Common Shares	Grant	Acquire A	No	No	299.44	4.16	1.25 k	12,797.14
31 Dec 24	Spogli Ronald P	Common Shares	Grant	Acquire A	No	No	299.44	142	42.52 k	12,792.98

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Barclays Maintains Overweight on Public Storage, Lowers Price Target to $361

Barclays analyst Brendan Lynch maintains Public Storage (NYSE:PSA) with a Overweight and lowers the price target from $380 to $361.

Truist Securities Maintains Hold on Public Storage, Raises Price Target to $340

Truist Securities analyst Ki Bin Kim maintains Public Storage (NYSE:PSA) with a Hold and raises the price target from $306 to $340.

Barclays Maintains Overweight on Public Storage, Lowers Price Target to $380

Barclays analyst Brendan Lynch maintains Public Storage (NYSE:PSA) with a Overweight and lowers the price target from $381 to $380.

RBC Capital Maintains Sector Perform on Public Storage, Lowers Price Target to $344

$100 Invested In This Stock 20 Years Ago Would Be Worth $600 Today

Press releases

From Benzinga Pro

Public Storage to Release Fourth Quarter 2024 Earnings Results and Host Quarterly Conference Call

Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2024 earnings results after the market close on Monday, February 24, 2025. A conference call is scheduled for Tuesday, February 25,

Public Storage Announces Tax Treatment of 2024 Dividends

Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2024 dividends. For the tax year ended December 31, 2024, distributions for the PSA common stock and all the various series of preferred stock

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