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Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2025, we: (i) owned and/or operated 3,533 self-storage facilities located in 40 states with approximately 258 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 332 self-storage facilities located in seven Western European countries with approximately 18 million net rentable square feet operated under the Shurgard brand. Our headquarters are in Frisco, Texas. Public Storage was incorporated in 1972 in Maryland, USA.
Analyst Perspectives | Price targets range from $320 to $368, with analysts maintaining positive outlooks despite near-term headwinds in the self-storage market |
Growth Opportunities | Delve into the potential of Public Storage's non-same-store pool, a key driver for future performance as properties mature and integrate |
Financial Resilience | Explore Public Storage's robust balance sheet and low leverage position, providing a defensive advantage in uncertain economic times |
Storage Giant's Outlook | Public Storage navigates a complex market landscape, balancing strong financials with challenges in occupancy rates and move-in pricing pressures |

Metrics to compare | PSA | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipPSAPeersSector | |
|---|---|---|---|---|
P/E Ratio | 33.2x | 12.6x | 9.1x | |
PEG Ratio | −2.20 | −0.23 | 0.01 | |
Price / Book | 10.8x | 0.7x | 0.9x | |
Price / LTM Sales | 10.9x | 6.5x | 3.9x | |
Upside (Analyst Target) | 3.0% | 0.0% | 15.9% | |
Fair Value Upside | Unlock | 7.0% | 0.1% | Unlock |