Not investment advice. FilingSight is an automated analytical research tool, not a registered investment advisor. Ratings and scores are quantitative analytical classifications, not buy or sell recommendations. Nothing here is personalized to your circumstances. Investing involves risk of loss — consult a licensed professional. See full disclosures.
Public Storage
PSAReal EstateGenerated Aug 19, 2026, 11:14 PM UTC
PSA (Public Storage) analytical snapshot. Revenue grew +2.7% YoY to $4.82B. 5-year revenue CAGR +7.1%; 10y CAGR +7.3%. Net margin at 36.99% (contracting ▼). Market cap $57.10B at $325.13 per share. Trailing P/E 36.09, P/S 11.84, P/B 6.21. EV/Operating income ≈ 47.09 (EV $67.02B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -5 (data confidence 74%). Descriptive analytics from public filings — not investment advice.
Free SEC analysis
— computed from SEC filings, free to readFilings & Ownership
Latest annual report (10-K) filed Feb 12, 2026. Latest quarterly report (10-Q) filed Jul 29, 2026. 23 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 12, 2026.
- Latest quarterly report (10-Q) filed Jul 29, 2026.
- 23 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Public Storage; broad institutional reporting.
- Recent filers include LONDON CO OF VIRGINIA, LONDON CO OF VIRGINIA, HEITMAN REAL ESTATE SECURITIES LLC.
- 10 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 10 recent 13G passive institutional ownership notices.
| Filer | Form | Filed |
|---|---|---|
| LONDON CO OF VIRGINIA | 13F-HR | Aug 4, 2008 |
| LONDON CO OF VIRGINIA | 13F-HR | May 7, 2008 |
| HEITMAN REAL ESTATE SECURITIES LLC | 13F-HR | Feb 7, 2003 |
| Friedberg Investment Management | 13F-HR | Aug 3, 2009 |
| HEITMAN REAL ESTATE SECURITIES LLC | 13F-HR | May 10, 2002 |
| Date | Form | Description |
|---|---|---|
| Aug 10, 2026 | 8-K | 8-K |
| Jul 29, 2026 | 8-K | 8-K |
| Jul 22, 2026 | 8-K | 8-K |
| Jul 20, 2026 | 8-K | 8-K |
| Jul 13, 2026 | 8-K | 8-K |
| Jul 7, 2026 | 8-K | 8-K |
| Jun 25, 2026 | 8-K | 8-K |
| Jun 22, 2026 | 8-K | 8-K |
SEC Filing Deep-Analysis
3 risk signal(s), 1 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 3 filing(s).
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 3 filing(s).
- NEW: Restatement of financial statements in latest filing: The term "restatement of" "previously issued" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Operating cash flow exceeds net income: OCF is 1.79x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 14 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 4 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Restatement of financial statements, Off-balance sheet arrangements.
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $4.70B | $4.82B | $128.5M | +2.7% |
| Gross profit | $1.96B | $2.01B | $54.0M | +2.8% |
| Operating income | $1.37B | $1.42B | $48.6M | +3.5% |
| Net income | $2.07B | $1.78B | $-287.7M | -13.9% |
| Operating cash flow | $3.13B | $3.19B | $58.2M | +1.9% |
| Total assets | $19.75B | $20.21B | $453.7M | +2.3% |
| Total liabilities | $9.94B | $10.87B | $925.5M | +9.3% |
| Long-term debt | $9.35B | $10.25B | $900.8M | +9.6% |
| Cash & equivalents | $447.4M | $318.1M | $-129.3M | -28.9% |
| Stockholders equity | $9.71B | $9.25B | $-464.5M | -4.8% |
| Interest expense | $287.4M | $304.5M | $17.1M | +5.9% |
| Type | Concepts |
|---|---|
| Added | CommercialPaper, DilutiveSecurities, HedgingAssetsNoncurrent, HedgingLiabilitiesNoncurrent, IncrementalCommonSharesAttributableToShareBasedPaymentArrangements, LinesOfCreditCurrent, NetIncomeLossAvailableToCommonStockholdersDiluted, NotesAndLoansPayable, OperatingIncomeLoss, OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax |
| Removed | EffectiveIncomeTaxRateContinuingOperations, EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate, EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance, EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential, EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther, EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes, EffectiveIncomeTaxRateReconciliationTaxCredits, EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount, EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions, FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive |
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 3 | 0 | NEW |
| Substantial doubt about ability to continue | high | 3 | 0 | NEW |
| Restatement of financial statements | high | 2 | 0 | NEW |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 1 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 0 | NEW |
| Related party transactions | low | 5 | 8 | Ongoing |
Fundamentals
Revenue grew +2.7% YoY to $4.82B. 5-year revenue CAGR +7.1%; 10y CAGR +7.3%. Net margin at 36.99% (contracting ▼).
- Revenue grew +2.7% YoY to $4.82B.
- 5-year revenue CAGR +7.1%; 10y CAGR +7.3%.
- Net margin at 36.99% (contracting ▼).
- Return on equity 19.29%, ROA 8.83%, ROIC 0.00%.
- Gross margin 0.00%, operating margin 0.00%.
- Net income down ▼ +13.9% YoY.
- Debt/equity 1.11, current ratio —, net debt $9.92B.
- Asset turnover 0.24 — capital efficiency.
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $4.70B | +3.9% | 0.00 | 0.00 | 44.13 | — | 21.33 |
| 2025 | $4.82B | +2.7% | 0.00 | 0.00 | 36.99 | — | 19.29 |
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2024 | $1.19B | +3.8% | — | 36.23% |
| Mar 31, 2025 | $1.18B | +2.2% | -0.4% | 34.47% |
| Jun 30, 2025 | $1.20B | +2.4% | +1.5% | 29.84% |
| Sep 30, 2025 | $1.22B | +3.1% | +1.9% | 41.75% |
| Mar 31, 2026 | $1.22B | +2.9% | -0.5% | 43.22% |
| Jun 30, 2026 | $1.23B | +2.6% | +1.2% | 40.55% |
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Market cap $57.10B at $325.13 per share. Trailing P/E 36.09, P/S 11.84, P/B 6.21. EV/Operating income ≈ 47.09 (EV $67.02B).
- Market cap $57.10B at $325.13 per share.
Price & Technicals
Price $325.13 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 44.77.
- Price $325.13 — uptrend (above 200-DMA); 1-month momentum positive.
Macro & Rates
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
Risk Scorecard
Composite risk Elevated. Leverage debt/equity 1.11 (moderate). Earnings stability: net-margin stdev 15.02pp over 19y.
- Composite risk: Elevated.
See the full picture behind every stock
Unlock the complete 10-year fundamentals, DCF & Graham intrinsic value, 13F/13D ownership flow, risk scorecard, multi-analyst bull/bear debate — plus watchlist alerts and your research workspace. Start with a 14-day Pro trial.
3 sections free · 4 Pro previews · composite -5
Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. Public Storage is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Analytical read
deterministic previewPrice $325.13 — uptrend (above 200-DMA); 1-month momentum positive..
Peer comparison
Rate-sensitive groupHow PSA stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Allstate Corp. ALL | 30 | Neutral |
| Visa Inc. V | 24 | Neutral |
| CME Group Inc. CME | 23 | Neutral |
| Capital One Financial COF | 21 | Neutral |
| Charles Schwab Corp. SCHW | 19 | Neutral |
| American Express Co. AXP | 16 | Neutral |
| Simon Property Group SPG | 15 | Neutral |
| Digital Realty Trust DLR | 13 | Neutral |
| Mastercard Inc. MA | 11 | Neutral |
| U.S. Bancorp USB | 10 | Neutral |
| Travelers Cos. TRV | 10 | Neutral |
| Chubb Ltd. CB | 7 | Neutral |
| MetLife Inc. MET | 7 | Neutral |
| JPMorgan Chase & Co. JPM | 7 | Neutral |
| Welltower Inc. WELL | 6 | Neutral |
| Dominion Energy D | 4 | Neutral |
| Bank of America Corp. BAC | 3 | Neutral |
| Moody's Corp. MCO | 2 | Neutral |
| PNC Financial Services PNC | 2 | Neutral |
| Wells Fargo & Co. WFC | 1 | Neutral |
| BlackRock Inc. BLK | 1 | Neutral |
| American Tower Corp. AMT | 0 | Neutral |
| American Electric Power AEP | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Truist Financial TFC | -1 | Neutral |
| American Water Works AWK | -2 | Neutral |
| Equinix Inc. EQIX | -4 | Neutral |
| Goldman Sachs Group GS | -4 | Neutral |
| Prologis Inc. PLD | -5 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| Public Storage PSA● you | -5 | Neutral |
| Citigroup Inc. C | -5 | Neutral |
| Realty Income Corp. O | -6 | Neutral |
| Equity Residential EQR | -10 | Neutral |
| NextEra Energy NEE | -13 | Neutral |
| Duke Energy Corp. DUK | -14 | Neutral |
| Southern Company SO | -14 | Neutral |
| Exelon Corp. EXC | -14 | Neutral |
| Morgan Stanley MS | -14 | Neutral |
| S&P Global SPGI | -19 | Neutral |
| Crown Castle Inc. CCI | -21 | Neutral |
| American International Group AIG | -23 | Neutral |