PSA Public Storage

Price (delayed)

$232.28

Market cap

$40.6B

P/E Ratio

33.09

Dividend/share

$8

EPS

$7.02

Enterprise value

$41.79B

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

The revenue has grown by 2.6% YoY
The equity has increased by 2.6% year-on-year
The debt has increased by 29% YoY
PSA's P/E is 18% above its last 4 quarters average of 28.1 and 6% above its 5-year quarterly average of 31.2

Key stats

What are the main financial stats of PSA
Market
Shares outstanding
174.8M
Market cap
$40.6B
Enterprise value
$41.79B
Valuations
Price to earnings (P/E)
33.09
Price to book (P/B)
4.51
Price to sales (P/S)
14.11
EV/EBIT
27.53
EV/EBITDA
20.33
EV/Sales
14.55
Earnings
Revenue
$2.87B
EBIT
$1.52B
EBITDA
$2.06B
Free cash flow
$1.61B
Per share
EPS
$7.02
Free cash flow per share
$9.23
Book value per share
$51.45
Revenue per share
$16.46
TBVPS
$69.64
Balance sheet
Total assets
$12.36B
Total liabilities
$3.35B
Debt
$2.46B
Equity
$8.99B
Working capital
N/A
Liquidity
Debt to equity
0.27
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.58
Margins
EBITDA margin
71.6%
Gross margin
71.1%
Net margin
51%
Operating margin
49.7%
Efficiency
Return on assets
10.4%
Return on equity
13.7%
Return on invested capital
11.7%
Return on capital employed
N/A
Return on sales
52.9%
Dividend
Dividend yield
3.44%
DPS
$8
Payout ratio
114%

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
$2.04B
Operating income
$1.43B
Net income
$1.47B
Gross margin
71.1%
Net margin
51%
The net margin has decreased by 16% YoY and by 3.6% QoQ
Public Storage's net income has decreased by 14% YoY and by 3.6% QoQ
The operating margin has decreased by 3.9% YoY and by 2.4% QoQ
The revenue has grown by 2.6% YoY

Growth

What is Public Storage's growth rate over time

Valuation

What is Public Storage stock price valuation
P/E
33.09
P/B
4.51
P/S
14.11
EV/EBIT
27.53
EV/EBITDA
20.33
EV/Sales
14.55
PSA's P/E is 18% above its last 4 quarters average of 28.1 and 6% above its 5-year quarterly average of 31.2
The EPS has contracted by 16% YoY and by 4.7% from the previous quarter
PSA's price to book (P/B) is 10% higher than its last 4 quarters average of 4.1 and 4.9% higher than its 5-year quarterly average of 4.3
The equity has increased by 2.6% year-on-year
PSA's P/S is 9% above its last 4 quarters average of 13.0 but 2.7% below its 5-year quarterly average of 14.5
The revenue has grown by 2.6% YoY

Efficiency

How efficient is Public Storage business performance
Public Storage's return on assets has decreased by 22% YoY and by 7% QoQ
Public Storage's ROIC has decreased by 20% YoY and by 4.9% from the previous quarter
The ROE has contracted by 16% YoY and by 4.9% from the previous quarter
The ROS has contracted by 15% YoY and by 3.3% from the previous quarter

Dividends

What is PSA's dividend history
DPS
$8
Dividend yield
3.44%
Payout ratio
114%
Recent dividends

Financial health

How did Public Storage financials performed over time
The total liabilities has increased by 44% YoY and by 20% QoQ
The company's total assets rose by 11% YoY and by 4.5% QoQ
The debt is 73% lower than the equity

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