Public Storage (NYSE:PSA) Releases FY 2026 Earnings Guidance

Public Storage (NYSE:PSA) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 16.750-17.050 for the period, compared to the consensus EPS estimate of 16.940. The company issued revenue guidance of -.

Public Storage Stock Performance

Shares of PSA stock traded down $10.57 during trading on Thursday, hitting $318.87. The company’s stock had a trading volume of 876,202 shares, compared to its average volume of 1,137,361. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap of $55.98 billion, a PE ratio of 32.77, a P/E/G ratio of 4.44 and a beta of 0.96. The business has a fifty day moving average of $317.11 and a 200-day moving average of $301.39. Public Storage has a 52 week low of $256.54 and a 52 week high of $335.55.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company posted $4.12 earnings per share. Public Storage’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts anticipate that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Wall Street Analyst Weigh In

PSA has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. BMO Capital Markets raised their price objective on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Weiss Ratings raised shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Royal Bank Of Canada boosted their target price on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Finally, Truist Financial increased their target price on shares of Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Public Storage currently has an average rating of “Hold” and a consensus price target of $325.37.

Insiders Place Their Bets

In related news, insider Nathaniel A. Vitan sold 950 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the sale, the insider directly owned 1,414 shares in the company, valued at approximately $459,281.34. The trade was a 40.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.10% of the company’s stock.

More Public Storage News

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: Public Storage raised its 2026 earnings outlook, providing EPS guidance of $16.75 to $17.05, compared with the consensus estimate of $16.94. The company said acquisitions and portfolio expansion are helping offset pressure in its existing properties. Public Storage Reports Second Quarter 2026 Results and Raises Guidance
• Positive Sentiment: Second-quarter revenue totaled approximately $1.23 billion, broadly meeting or exceeding analyst expectations. Net income rose to $502.9 million, or $2.55 per diluted share, from $361.4 million, or $1.76 per share, a year earlier. Public Storage: Q2 Earnings Snapshot
• Positive Sentiment: Growth initiatives expanded the company’s platform. Public Storage acquired 20 facilities during the quarter and agreed to purchase Public Storage Canada for about $1.2 billion. It also subsequently completed its all-stock merger with National Storage Affiliates, bringing the portfolio to more than 4,500 locations and 327 million square feet. Public Storage Raises 2026 Guidance After $503 Million Q2 Profit
• Neutral Sentiment: The headline EPS result exceeded the reported analyst estimate, but funds from operations—the more important profitability measure for a REIT—was $4.17 per share, below the $4.25 consensus estimate and down from $4.28 a year ago. Public Storage Q2 FFO Misses on Same-Store NOI Decline, Revenues Beat
• Negative Sentiment: Same-store revenue declined 0.6%, while same-store net operating income fell 2.2%, signaling weaker performance from the core self-storage portfolio. This operating decline and the FFO miss appear to be the main reasons investors reacted negatively despite the raised guidance.

Hedge Funds Weigh In On Public Storage

Several large investors have recently modified their holdings of PSA. Empowered Funds LLC lifted its position in shares of Public Storage by 13.3% during the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after acquiring an additional 373 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Public Storage during the 2nd quarter valued at $929,000. Nebula Research & Development LLC purchased a new stake in Public Storage during the 2nd quarter worth about $1,113,000. Treasurer of the State of North Carolina lifted its holdings in Public Storage by 1.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in Public Storage by 219.8% in the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 33,122 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.