Public Storage Overview
Industry: Residential & Commercial REITs
Sector: Real Estate
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 December 31, 2022, we had: (i) interests in 2,869 self-storage facilities located in 40 states with approximately 204 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 266 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California. 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 December 31, 2022, we had: (i) interests in 2,869 self-storage facilities located in 40 states with approximately 204 million net rentable square fee Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Public Storage into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $1B (-0% YoY); EPS was $ (reported).
Revenue
$1B
-0% YoY
EPS
$
reported
Net income/share
$2,026
reported
Operating income
$0.3M
reported
What changed
- Revenue -0% YoY to $1B; EPS reported to $.
- Net income +32.8% YoY to $2.7M.
Guidance / outlook
we expect to enhance customer experience, unlock operating upside, and jump start our Value Creation Engine.
Earnings release
Open filing
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Public Storage closes on National Storage acquisition (PSA:NYSE)
Headline from Seeking Alpha: Public Storage closes on National Storage acquisition (PSA:NYSE).
Public Storage Announces Closing of National Storage Affiliates Acquisition
Headline from Business Wire: Public Storage Announces Closing of National Storage Affiliates Acquisition.
National Storage Affiliates holders approve acquisition by Public Storage (PSA:NYSE)
Headline from Seeking Alpha: National Storage Affiliates holders approve acquisition by Public Storage (PSA:NYSE).
Public Storage Announces Anticipated Closing Date of Pending Acquisition of National Storage Affiliates Following Approval by NSA Shareholders
Headline from Yahoo Finance: Public Storage Announces Anticipated Closing Date of Pending Acquisition of National Storage Affiliates Following Approval by NSA Shareholders.
National Storage Affiliates Trust Announces Common Shareholder Approval of Acquisition by Public Storage
Headline from Business Wire: National Storage Affiliates Trust Announces Common Shareholder Approval of Acquisition by Public Storage.
National Storage Affiliates Trust Announces Common Shareholder Approval of Acquisition by Public Storage
Headline from Yahoo Finance: National Storage Affiliates Trust Announces Common Shareholder Approval of Acquisition by Public Storage.
Earnings Per Share
Score 2.00/5
Public Storage earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
In
Residential & Commercial REITs industry
, Healthpeak Properties Inc
, Kimco Realty Corp
, Necessity Retail REIT Inc
are companies with high ratings.
Return on Equity
Score 2.77/5
Public Storage stands out with a superior score in the Return on Equity (ROE) section, surpassing the sector median value and showcasing its strong performance in this metric. The top companies in the same sector include
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
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Net Margin
Score 2.75/5
Public Storage
commands a high score, propelled by its net margin consistently outpacing the sector median value and exhibiting continuous growth in recent six years; noteworthy counterparts in the sector, boasting similarly high scores, include
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
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Leverage
Score 3.72/5
Public Storage
attains a commendable score in the category due to its lower leverage ratio over the past six years in comparison to the sector median value. Additionally, other notable companies in the same sector, such as
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Verified SEC statements load when this section enters view.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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