Public Storage (PSA)

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

IRS number

953551121

PSA stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$343.33

Low target

$329.00

High target

$361.00

Latest filings (excl ownership)

View all

24 Feb 25

Results of Operations and Financial Condition

Prospectus supplement for primary offering

3 Dec 24

S-3ASR

Automatic shelf registration

2 Dec 24

8-K

Departure of Directors or Certain Officers

30 Oct 24

Results of Operations and Financial Condition

30 Oct 24

8-K

Regulation FD Disclosure

30 Jul 24

Transcripts

View all

PSA

Earnings call transcript

2024 Q4

25 Feb 25

PSA

Earnings call transcript

2024 Q3

31 Oct 24

PSA

Earnings call transcript

2024 Q2

31 Jul 24

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 Q2

3 Aug 23

PSA

Earnings call transcript

2023 Q1

4 May 23

PSA

Earnings call transcript

2022 Q4

22 Feb 23

Latest ownership filings

View all

Financial summary

Financial statements Chart PSA financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
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)	447.42 mm	447.42 mm	447.42 mm	447.42 mm	447.42 mm	447.42 mm
Cash burn (monthly)	50.53 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	107.96 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	339.46 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	6.7	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

PSA institutional ownership history Ownership history

80.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1100	1108	-0.7%
Opened positions	141	149	-5.4%
Closed positions	149	85	+75.3%
Increased positions	397	409	-2.9%
Reduced positions	392	387	+1.3%

13F shares	Current	Prev Q	Change
Total value	37.55 tn	44.80 tn	-16.2%
Total shares	141.14 mm	138.92 mm	+1.6%
Total puts	188.53 k	203.70 k	-7.4%
Total calls	268.90 k	166.40 k	+61.6%
Total put/call ratio	0.7	1.2	-42.7%

Largest owners	Shares	Value	Change
Vanguard	20.59 mm	$6.17 tn	-0.3%
BlackRock	16.97 mm	$5.08 tn	+2.3%
STT State Street	10.39 mm	$3.11 tn	+0.1%
T. Rowe Price	5.91 mm	$1.77 bn	-3.1%
CNS Cohen & Steers	5.43 mm	$1.63 bn	+12.3%
FMR	4.30 mm	$1.29 tn	-14.4%
Geode Capital Management	4.01 mm	$1.20 tn	+2.0%
Norges Bank	3.11 mm	$931.29 bn	NEW
JPM JPMorgan Chase & Co.	3.09 mm	$926.01 bn	-30.4%
Wellington Management	2.96 mm	$885.41 bn	-12.0%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	3.11 mm	+3.11 mm	NEW
JPM JPMorgan Chase & Co.	3.09 mm	-1.35 mm	-30.4%
Capital International Investors	1.18 mm	-916.55 k	-43.6%
NTRS Northern Trust	2.48 mm	+749.91 k	+43.4%
FMR	4.30 mm	-725.28 k	-14.4%
CNS Cohen & Steers	5.43 mm	+592.94 k	+12.3%
Neuberger Berman	997.82 k	+534.58 k	+115.4%
Deutsche Bank AG - Registered Shares	1.41 mm	+433.92 k	+44.6%
Wellington Management	2.96 mm	-402.52 k	-12.0%
LGEN Legal & General	1.93 mm	-383.58 k	-16.6%

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
21 Feb 25	Havner Ronald L JR	LTIP Units Common Shares	Option exercise	Acquire M	No	No	0	26,478.24	0.00	146,053.4
21 Feb 25	Havner Ronald L JR	AO LTIP Units Common Shares	Option exercise	Dispose M	No	No	226.2	103,275	23.36 mm	0
4 Feb 25	John Reyes	LTIP Units Common Shares	Option exercise	Acquire M	No	No	0	18,716.45	0.00	53,771.41
4 Feb 25	John Reyes	AO LTIP Units Common Shares	Option exercise	Dispose M	No	No	192.49	53,275	10.25 mm	0
31 Jan 25	John Reyes	LTIP Units Common Shares	Option exercise	Acquire M	No	No	0	17,754.96	0.00	35,054.96
31 Jan 25	John Reyes	AO LTIP Units Common Shares	Option exercise	Dispose M	No	No	192.49	50,000	9.62 mm	53,275
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
22 Jan 25	Boyle Tom	LTIP Units Common Shares	Grant	Acquire A	No	No	0	7,974	0.00	23,449
22 Jan 25	Boyle Tom	AO LTIP Units Common Shares	Grant	Acquire A	No	No	343.76	29,097	10.00 mm	29,097