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Public Storage PSA Price / earnings

Price / earnings at other companies

Extra Space Storage logo
Extra Space StorageEXR
29.3×-5.2×
Realty Income logo
Realty IncomeO
50.5×-2.4×
Prologis logo
PrologisPLD
32.5×-4.9×
AvalonBay Communities logo
AvalonBay CommunitiesAVB
20×-6.7×
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
28.8×-3.5×
Northern Trust logo
Northern TrustNTRS
13.8×+5.1×

Other financials

Income statement

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Revenue$1.2B+2.9%
Operating income$474.3M+2.2%
Net income$526.3M+29.0%
EPS (diluted)$2.71+32.8%

Balance sheet

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Cash & equivalents$134.6M-53.1%
Total equity$9.2B-3.6%
Total assets$19.9B+1.2%

Cash flow

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Operating cash flow$694.8M-1.5%

Valuation

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Market cap$54.88B-9.4%
P/S11.3×-1.5×

Profitability

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Gross margin72%
Operating margin51.6%
Net margin39.2%-2.6pp

Returns & leverage

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Return on equity20.3%+0.1pp
Debt / equity1.1×+0.1×

Where this comes from

Calculated from Public Storage’s reported figures.

Based on the most recent quarter.

The official record: Public Storage’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Public Storage's price / earnings?
Public Storage (PSA) reported price / earnings of 25× in Q1 2026.
How has Public Storage's price / earnings changed year-over-year?
Public Storage's price / earnings decreased by 6.2% year-over-year, from 26.6× to 25×.
What is the long-term trend for Public Storage's price / earnings?
Over 4 years (2021 to 2025), Public Storage's price / earnings has grown at a -4.6% compound annual growth rate (CAGR), from 129.6× to 107.6×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.