1.15%
0.68%
-8.38%
1.88%
6.46%
-15.91%
34.73%
AI Spotlight on PSA
Company Description
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities.At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc.(NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020.
Our headquarters are located in Glendale, California.
Market Data
| Last Price | 301.48 |
| Change Percentage | 1.15% |
| Open | 296.9 |
| Previous Close | 298.05 |
| Market Cap ( Millions) | 52814 |
| Volume | 189752 |
| Year High | 369.99 |
| Year Low | 256.31 |
| M A 50 | 313.18 |
| M A 200 | 310.71 |
Financial Ratios
| FCF Yield | 5.13% |
| Dividend Yield | 3.98% |
| ROE | 19.32% |
| Debt / Equity | 98.58% |
| Net Debt / EBIDTA | 268.40% |
| Price To Book | 5.49 |
| Price Earnings Ratio | 27.82 |
| Price To FCF | 19.49 |
| Price To sales | 11.29 |
| EV / EBITDA | 18.66 |
News
- Jan -28 - Is it Wise to Retain Public Storage Stock in Your Portfolio Now?
- Jan -18 - Hidden Gems: 2 Must-Buy REITs Right Now
- Jan -12 - 1 Magnificent S&P 500 Dividend Stock Down 30%: 4 Reasons to Buy Public Storage in 2025 and Hold Forever
- Jan -05 - Ready, Set, REIT: Why 2025 Could Be A Breakout Year
- Jan -01 - OUT vs. PSA: Which Stock Is the Better Value Option?
- Dec -19 - 5 Magnificent Dividend Growth Stocks Down 24% to 41% to Buy Before 2025 for a Lifetime of Passive Income
- Dec -16 - OUT or PSA: Which Is the Better Value Stock Right Now?
- Dec -10 - Is it Wise to Retain Public Storage Stock in Your Portfolio Now?
- Dec -02 - Public Storage Stock Rises 26.8% in Six Months: Will the Trend Last?
- Dec -01 - 2 Magnificent S&P 500 Dividend Stocks to Buy for a Lifetime of Passive Income
- Nov -28 - Public Storage: A Great Business, With Nowhere To Grow
- Nov -25 - OUT vs. PSA: Which Stock Is the Better Value Option?
- Nov -21 - Public Storage: Wonderful REIT At A Fair Price
- Nov -08 - The Trump Dip - Here's What I'm Buying To Improve My Dividend Portfolio
- Oct -31 - Public Storage Q3 FFO Misses Estimates, Occupancy Falls
- Oct -30 - Here's What Key Metrics Tell Us About Public Storage (PSA) Q3 Earnings
- Oct -30 - Public Storage (PSA) Misses Q3 FFO Estimates
- Oct -25 - Ahead of Public Storage (PSA) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
- Oct -24 - Key Factors to Impact Public Storage Stock in Q3 Earnings
- Oct -18 - Public Storage Announces Hiring of Chris Sambar as Chief Operating Officer
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Self-Storage
Expected Growth : 5 %
What the company do ?
Self-Storage from Public Storage offers secure, convenient, and affordable storage units for personal and business use, with various sizes and amenities.
Why we expect these perspectives ?
Public Storage's 5% growth in Self-Storage is driven by increasing demand for storage units due to rising urbanization, aging population, and growing e-commerce sales. Additionally, the company's strategic expansion into new markets, investments in technology, and focus on customer experience have contributed to its growth.
Segment n°2 -> Ancillary
Expected Growth : 7 %
What the company do ?
Ancillary services from Public Storage include additional offerings like insurance, locks, and supplies, enhancing the self-storage experience.
Why we expect these perspectives ?
Ancillary services from Public Storage, with 7% growth, driven by increasing demand for value-added services, such as packing supplies, administrative services, and insurance products, as well as expansion into new markets, strategic partnerships, and investments in digital platforms to enhance customer experience.
Public Storage Products
| Product Range | What is it ? |
|---|---|
| Self-Storage Units | Rentable storage spaces of various sizes to store personal or business items |
| Climate-Controlled Units | Temperature-controlled storage units to protect sensitive items from extreme temperatures |
| Outdoor RV and Vehicle Storage | Secure outdoor parking spaces for RVs, cars, boats, and other vehicles |
| Business Storage Solutions | Customized storage solutions for businesses, including inventory management and logistics support |
| Moving and Packing Supplies | Wide range of moving and packing materials, including boxes, tape, and bubble wrap |
| Storage Insurance | Optional insurance coverage for stored items, providing financial protection against loss or damage |
Public Storage's Porter Forces
Threat Of Substitutes
Public Storage has a low threat of substitutes due to the lack of alternative options for customers seeking self-storage solutions.
Bargaining Power Of Customers
Customers have some bargaining power due to the presence of competitors, but Public Storage's brand recognition and extensive network of facilities mitigate this power.
Bargaining Power Of Suppliers
Suppliers have limited bargaining power due to the company's large scale and diversified supplier base.
Threat Of New Entrants
While there are barriers to entry, new entrants can still pose a threat to Public Storage, particularly if they offer innovative solutions or disrupt the traditional self-storage model.
Intensity Of Rivalry
The self-storage industry is highly competitive, with many established players, which increases the intensity of rivalry and competition for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 49.75% |
| Debt Cost | 3.95% |
| Equity Weight | 50.25% |
| Equity Cost | 6.73% |
| WACC | 5.35% |
| Leverage | 99.01% |
Public Storage : Quality Control
Public Storage passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| VICI | VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' … |
| SELF | Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible … |
| PLD | Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on … |
| IIPR | Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. … |
| EXR | Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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VICI Properties
A-Score
1-Year Total Return ->
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Innovative Industrial Properties
A-Score
1-Year Total Return ->
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Global Self Storage
A-Score
1-Year Total Return ->
4
Public Storage
A-Score
1-Year Total Return ->
5
Extra Space Storage
A-Score
1-Year Total Return ->
6
