PSA Public Storage

Price (delayed)

$192.2

Market cap

$34.43B

P/E Ratio

26.73

Dividend/share

$8

EPS

$7.37

Enterprise value

$36.15B

Sector: Real Estate
Industry: REIT - Industrial
Public Storage operates as a real estate investment trust. The firm engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, Investment in PS Business Parks and Investment in Shurgard. The Self-storage Operations segment reflects the rental operations from all self-storage facilities. The Ancillary Operations segment deals with the sale of merchandise and reinsurance of policies against losses to goods stored by self-storage tenants, activities which are incidental to the primary self-storage rental activities. The Investment in PS Business Parks segment includes commercial properties, primarily multi-tenant flex, office, and industrial parks. The Investment in Shurgard segment owns self-storage facilities located in seven countries in Western Europe operated under the Shurgard brand name. The company was founded by Bradley Wayne Hughes, Sr. and Kenneth Q. Volk, Jr. in 1972 and is headquartered in Glendale, CA.

Highlights

PSA's P/E is 15% below its 5-year quarterly average of 31.6 and 6% below its last 4 quarters average of 28.4
The revenue has grown by 3.6% YoY
The debt has soared by 73% YoY and by 28% QoQ
The EPS has contracted by 15% YoY

Key stats

What are the main financial stats of PSA
Market
Shares outstanding
174.79M
Market cap
$34.43B
Enterprise value
$36.15B
Valuations
Price to earnings (P/E)
26.73
Price to book (P/B)
3.82
Price to sales (P/S)
11.96
EV/EBIT
23.01
EV/EBITDA
17.23
EV/Sales
12.58
Earnings
Revenue
$2.87B
EBIT
$1.57B
EBITDA
$2.1B
Free cash flow
$1.59B
Per share
EPS
$7.37
Free cash flow per share
$9.14
Book value per share
$51.57
Revenue per share
$16.47
TBVPS
$66.59
Balance sheet
Total assets
$11.83B
Total liabilities
$2.8B
Debt
$2.44B
Equity
$9.01B
Working capital
N/A
Liquidity
Debt to equity
0.27
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.82
Margins
EBITDA margin
73%
Gross margin
71.8%
Net margin
52.9%
Operating margin
50.9%
Efficiency
Return on assets
11.2%
Return on equity
14.4%
Return on invested capital
12.3%
Return on capital employed
N/A
Return on sales
54.7%
Dividend
Dividend yield
4.06%
DPS
$8
Payout ratio
108.5%

PSA stock price

How has the Public Storage stock price performed over time

Financial performance

How have Public Storage's revenue and profit performed over time
Revenue
$2.87B
Gross profit
$2.06B
Operating income
$1.46B
Net income
$1.52B
Gross margin
71.8%
Net margin
52.9%
The net margin has decreased by 15% YoY
Public Storage's net income has decreased by 12% YoY
The revenue has grown by 3.6% YoY
Public Storage's operating income has increased by 2.4% YoY

Valuation

What is Public Storage stock price valuation
P/E
26.73
P/B
3.82
P/S
11.96
EV/EBIT
23.01
EV/EBITDA
17.23
EV/Sales
12.58
PSA's P/E is 15% below its 5-year quarterly average of 31.6 and 6% below its last 4 quarters average of 28.4
The EPS has contracted by 15% YoY
PSA's price to book (P/B) is 13% lower than its last 4 quarters average of 4.4 and 11% lower than its 5-year quarterly average of 4.3
PSA's P/S is 19% below its 5-year quarterly average of 14.7 and 13% below its last 4 quarters average of 13.8
The revenue has grown by 3.6% YoY

Efficiency

How efficient is Public Storage business performance
Public Storage's return on assets has decreased by 19% YoY
Public Storage's ROIC has decreased by 19% YoY and by 3.1% from the previous quarter
The ROS has contracted by 14% YoY
The ROE has contracted by 14% YoY

Dividends

What is PSA's dividend history
DPS
$8
Dividend yield
4.06%
Payout ratio
108.5%
Recent dividends

Financial health

How did Public Storage financials performed over time
The total liabilities has soared by 57% YoY and by 22% QoQ
The company's total assets rose by 9% YoY and by 4.1% QoQ
The debt is 73% lower than the equity
The debt has soared by 73% YoY and by 28% QoQ
The debt to equity has soared by 69% YoY and by 29% from the previous quarter

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.