Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2025, we: (i) owned and/or operated 3,491 self-storage facilities located in 40 states with approximately 254 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 323 self-storage facilities located in seven Western European nations with approximately 18 million net rentable square feet operated under the Shurgard brand. Our headquarters are in Glendale, California.
Public Storage (PSA) reported trailing twelve months (TTM) revenue of $4.82B as of December 2025, which represents a 2.7% increase year-over-year. The company's operating margin has contracted to 45.8% from 47.0% a year ago. In terms of profitability, PSA generated $1.78B in net income. Valuation-wise, the stock trades at a P/E ratio of 25.7x and a Price-to-Sales (P/S) ratio of 9.5x. The company generated $633.50M in free cash flow over the last twelve months, indicating its ability to reinvest in growth or return capital to shareholders. Data based on the most recent quarterly reports.
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