PSA
Public StorageEvidence as of 2026-09-02Overview · Public Storage
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2022, we had: (i) interests in 2,869 self-storage facilities located in 40 states with approximately 204 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR),…
Management team
- Mr. Nathaniel A. Vitan · Senior VP, Chief Legal Officer & Corporate SecretaryFind on LinkedIn
- Ms. Natalia N. Johnson · Senior VP & Chief Administrative OfficerFind on LinkedIn
- Rear Admiral Christopher C. Sambar · Senior VP & COOFind on LinkedIn
- Mr. H. Thomas Boyle III · Senior VP, Chief Investment Officer & CFOFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
Mixed (+0.1 of a possible +2; confidence high). Reported revenues rose from $ 1,183,184,000 in Q1 2025 (fiscal quarter ended 2025-04-23) to $ 1,212,774,000 in Q1 2026 (fiscal quarter ended 2026-04-20) and to $ 1,232,881,000 in Q2 2026 (fiscal quarter ended 2026-07-21). Diluted EPS moved from $ 2.04 in Q1 2025 to $ 2.71 in Q1 2026, and the comparable three-month EPS for the April–June windows rose from $ 1.76 in 2025 to $ 2.55 in Q2 2026.
Operating income was roughly stable at $ 464,006,000 in Q1 2026 and $ 466,681,000 in Q2 2026 while reported net income fell modestly from $ 526,273,000 in Q1 2026 to $ 499,960,000 in Q2 2026. Balance-sheet and market facts include higher long-term debt (from $ 9,703,264,000 as of 2024-12-31 to $ 10,180,215,000 as of 2026-06-30), a decline in cash and cash equivalents to $ 259,936,000 as of 2026-06-30, a small rise in common shares outstanding to 175,621,134, a trailing P/E of 31.42, beta versus SPY of 0.38, and a trailing dividend yield of 3.96% with a flagged golden_cross on the moving averages.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported quarterly revenues increased from $1,183,184,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo) to $1,212,774,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and to $1,232,881,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001393311-25-000069Diluted earnings per share moved from $2.04 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo) to $2.71 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo), and fiscal Q2 diluted EPS rose from $1.76 for the period 2025-04-01 to 2025-06-30 (3mo) to $2.55 for the period 2026-04-01 to 2026-06-30 (3mo).
XBRL companyfacts · 0001628280-26-027487Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
In the Management's Discussion and Analysis filed on Form 10-Q on July 29, 2026, the Company reported that for the three and six months ended June 30, 2026, revenues from Same Store Facilities decreased 0.6% ($5.9 million) and 0.3% ($6.1 million), respectively, while cost of operations for Same Store Facilities increased 4.4% ($11.1 million) and 1.6% ($8.2 million), respectively, and realized annual rent per occupied square foot for Same Store Facilities decreased 0.8% and 0.5% for those periods even as average occupancy increased 0.2% and 0.3% for those periods, respectively.
10-Q filed 2026-07-29The July 29, 2026 Form 10-Q states that since the beginning of 2024 the Company expanded its portfolio by 306 facilities (24.5 million net rentable square feet) for a cost of $4.5 billion, and that within its non-same store portfolio as of June 30, 2026, Developed and Expanded Facilities consist of 120 facilities (13.8 million net rentable square feet) with total development and expansion costs of $1.8 billion.
10-Q filed 2026-07-29Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
As of 2026-09-01, PSA's beta vs SPY is 0.38 and its correlation vs SPY is 0.21.
Moneyta signal set · 2026-09-01Price is 5.8% below the 50-day SMA and 2.4% above the 200-day SMA on 2026-09-01; the dataset flags a golden_cross as true.
Moneyta signal set · 2026-09-01Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F filings report total held value of $35.90B as of 2026-03-31 (13F filings carry a 45-day reporting lag).
13F holdings · 1089 filers · as of 2026-03-31Top institutional holders reported include BlackRock, Inc. with $4.54B and Vanguard Portfolio Management LLC with $3.67B in reported 13F positions as of 2026-03-31.
13F holdings · 1089 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Public Storage completed its acquisition of Public Storage Canada, as announced in a September 1, 2026 press release.
News · finance.yahoo.com · 2026-09-01A $1.2 billion acquisition of a Canadian self-storage portfolio was reported in headlines on September 1, 2026.
News · gurufocus.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Vitan Nathaniel A. (Chief Legal Officer) sold 1,414 shares for "$463k" on 2026-08-13.
Form 4 · Vitan Nathaniel A. (Chief Legal Officer) · $463k sold · 2026-08-13Vitan Nathaniel A. (Chief Legal Officer) sold 950 shares for "$309k" on 2026-06-12.
Form 4 · Vitan Nathaniel A. (Chief Legal Officer) · $309k sold · 2026-06-12Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month price / earnings (P/E) ratio is 31.42.
Valuation inputs · SEC XBRL + stored EOD closeMarket capitalization is $53,188,616,643 and enterprise value is $63,108,895,643.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence shows sequential revenue and diluted EPS improvement (fundamentals-0, fundamentals-1) alongside sizable portfolio growth through acquisitions and development since 2024 (filings-1) with meaningful NOI contribution from acquired/developed assets (filings-2). These operating cash flows are large in absolute terms (valuation-3), institutional ownership is substantial (ownership-0, ownership-1), and market signals such as a high trailing dividend yield and low beta point to income-generation and relative volatility stability (market-2, market-0). Together, the financials and disclosed transaction-level performance provide moderately strong support that recent investments are contributing positively to reported results; this context mitigates concerns about reported increases in long-term debt and cash declines when viewed alongside the company’s transaction activity and operating cash generation. The strength of the acquisition evidence (filings-1, filings-2, filings-3, news-0/1/2) is high because it is directly disclosed in SEC filings and press releases; EPS and revenue growth evidence (fundamentals-0, fundamentals-1) is medium–high being reported in quarterly filings; operating cash flow and institutional ownership evidence (valuation-3, ownership-0/1) is medium strength. Weaknesses cited by bears (higher long-term debt, lower cash, short-term relative underperformance) rely on balance-sheet snapshots and market-relative returns that do not fully account for the financing of acquisitions or the ongoing cash generation from operations.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.30
43 surviving claims rest on 22 distinct sources; the heaviest analyst carries 16% of them, and 99% of what the desk raised survived the debate.
The evidence set rests on a moderate diversity of sources, which supports baseline credibility, but 43 surviving claims from 22 sources means some claims still cluster around a limited evidence base. The fact the single heaviest analyst supplies 16% of claims and the desk’s items survived debate at a 99% rate suggests low internal pushback — useful for read-throughs but also a sign to treat marginal or single-source claims with caution.
Peer context · computed, not argued
12-1 momentum ranks 1st of 2 in REIT—Industrial (as of 2026-09-01).
6-month relative strength ranks 1st of 2 in REIT—Industrial (as of 2026-09-01).
90-day volatility ranks 1st of 2 in REIT—Industrial (as of 2026-09-01).
dividend yield ranks 2nd of 2 in REIT—Industrial (as of 2026-09-01).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
21 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.0 to the score
9 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.4 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.2 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.4 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
10 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.4 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on PSA Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.