PSA
Public Storage Real Estate Real Estate Investment Trusts S&P 500Russell 3000
$324.77Close
$57.0BMarket cap
$253.48 – $330.4752-week range
Late-januaryNext report · estimated
Highlights
Strengths
- Near its high 2% below its 52-week high
Cautions
- Not in an uptrend 5 of 8 trend conditions
- Extended 4.3 ATR above its 50-day average
- Earnings shrinking EPS −32% year on year
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
2%
1wk
up 4.8%
price change
1mo
up 14.8%
price change
12-month return
up 19%
market up 11% ·
its own up 5%
F-score
—
— Not assessed
Altman Z
—
Unknown
P/E
31.9×
price / earnings
PEG
—
P/E / EPS growth
P/B
6.2×
price / book
Earnings yield
up 3.1%
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
up 3%
year on year
EPS growth
down 32%
latest quarter · -71 pts
Sales growth
up 12%
latest quarter · +9 pts
ROE
up 19%
return on equity
Free cash margin
up 66%
$3.2B FCF
D/E
1.11
long-term debt / equity
Net debt / EBITDA
3.1×
Interest cover
6.9×EBIT / interest
Trade setup
ATR%
2.1%
$6.78 a day · 2×ATR $311.21
RS
60 / 99
vs the universe
Trend
5 / 8
50-day under the 150/200-day, under 30% off the low, RS under 70
Relative volume
1.1×
vs 50-day average
Up/down volume
0.75
50 sessions
Implied move
—
no scheduled report
Trend template · 5 of 8
- Price above the 150 and 200-day averages: passes
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: passes
- At least 30% above the 52-week low: fails
- Within 25% of the 52-week high: passes
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Oct 26, 2026
Results reaction
Oct 26, 20260% vs market2 sessions after results
Options
$196,48223.5% IV · activity
Financials
- Net 37%
- Free cash 66%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.9B | $3.4B | $4.2B | $4.5B | $4.7B | $4.8B |
| Net income | $1.4B | $2.0B | $4.3B | $2.1B | $2.1B | $1.8B |
| Net margin | 47% | 57% | 104% | 48% | 44% | 37% |
| Earnings per share | $7.77 | $11.13 | $24.67 | $12.20 | $11.77 | $10.14 |
| Free cash flow | $2.0B | $2.5B | $3.1B | $3.2B | $3.1B | $3.2B |
| Free cash margin | 70% | 74% | 75% | 72% | 67% | 66% |
| Cash | $257.6M | $734.6M | $775.3M | $370.0M | $447.4M | $318.1M |
| Long-term debt | $2.5B | $7.5B | $6.9B | $9.1B | $9.4B | $10.3B |
| Shareholders' equity | $8.6B | $9.3B | $10.1B | $10.0B | $9.7B | $9.2B |
| Shares outstanding | 174.58m | 175.13m | 175.27m | 175.67m | 175.41m | 175.50m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $309 – $341 ±4.8% by Nov 20, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 23.5% priced · 23.0% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- About the same
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: no change
Positioning
- Premium traded
- $196,482 calls $151,625 · puts $44,858 · latest session
- 0.30× +0.03 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +385 · puts +204 past week
For options traders: ATM IV 23.5% (-0.7% 1w) · 1m ÷ 3m IV 1.03 · 25Δ skew 1.4 pts · Net GEX $1.8M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 26, 2026 | Quarterly ↗ | Sep 30, 2026 | 26d |
| Jul 29, 2026 | Quarterly ↗ | Jun 30, 2026 | 29d |
| Apr 27, 2026 | Quarterly ↗ | Mar 31, 2026 | 27d |
| Feb 12, 2026 | Annual ↗ | Dec 31, 2025 | 43d |
| Oct 29, 2025 | Quarterly ↗ | Sep 30, 2025 | 29d |
| Jul 30, 2025 | Quarterly ↗ | Jun 30, 2025 | 30d |
| Apr 30, 2025 | Quarterly ↗ | Mar 31, 2025 | 30d |
| Feb 24, 2025 | Annual ↗ | Dec 31, 2024 | 55d |
| Oct 30, 2024 | Quarterly ↗ | Sep 30, 2024 | 30d |
| Jul 30, 2024 | Quarterly ↗ | Jun 30, 2024 | 30d |
| Apr 30, 2024 | Quarterly ↗ | Mar 31, 2024 | 30d |
| Feb 20, 2024 | Annual ↗ | Dec 31, 2023 | 51d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 30, 2026 | Material agreement ↗ |
| Oct 26, 2026 | Results ↗ |
| Sep 16, 2026 | Material agreement · New obligation ↗ |
| Sep 14, 2026 | Regulation FD ↗ |
| Sep 10, 2026 | Material agreement ↗ |
| Sep 1, 2026 | Regulation FD · Other events ↗ |
| Aug 10, 2026 | Director or officer change ↗ |
| Jul 29, 2026 | Results ↗ |
| Jul 22, 2026 | Material agreement · Acquisition or disposal · New obligation · Unregistered share sale · Holder rights changed · Charter or bylaws · Regulation FD ↗ |
| Jul 20, 2026 | Material agreement · New obligation ↗ |
| Jul 13, 2026 | Material agreement ↗ |
| Jul 7, 2026 | Director or officer change ↗ |