Public Storage
At today's price, Public Storage (PSA) is priced for +5.3% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- At about $318 the REIT trades near 21.5 times adjusted funds from operations and implies roughly 5.3% annual growth in that cash measure. That pace is within what Public Storage has delivered, so the price is broadly reasonable rather than stretched. - The balance sheet is built for durability. Net debt is about 3.5 times funds from operations and fixed-charge coverage is near 10 times, which is conservative for a REIT of this size. - The defining near-term event is a $10.5 billion all-stock a
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1,058 institutional managers reported holding PSA in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 47%. 87 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 7.7M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (7.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PSA's share count is about flat over the past five years ($200.00M of repurchases, offset by issuance). It pays no dividend. Cash returned over the past three years: $200.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PSA over the trailing three years: 2024: 1 buy totaling $599k; 2025: 1 buy totaling $199k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PSA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +2.5% | -9.7% |
| 2023-10-31 | +0.1% | +30.6% |
| 2024-02-21 | +2.5% | -9.2% |
| 2024-05-01 | -1.1% | +10.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PSA's latest 8-K filings: 2026-07-13 (items 1.01, 9.01); 2026-07-07 (items 5.02); 2026-06-25 (items 1.01, 1.02, 2.03, 7.01, 9.01); 2026-06-22 (items 3.02, 7.01, 9.01); 2026-06-01 (items 7.01, 8.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.