Added to YB: 2026-04-28
Pitch date: 2026-04-24
PSA [neutral]
Public Storage
+5.44%
current return
Author Info
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Company Info
Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.
Market Cap
$53.3B
Pitch Price
$307.97
Price Target
340.00 (+5%)
Dividend
3.95%
EV/EBITDA
19.70
P/E
31.37
EV/Sales
13.89
Sector
Specialized REITs
Category
turnaround
Earnings Edge for Monday: Setup for Public Storage
PSA (earnings): New CEO Tom Boyle starts Apr 1 under PS 4.0 AI initiative; 4.2x debt/EBITDA, $1.8B liquidity, $600M FCF, 3.8% yield. But 2026 guide: same-store NOI -3.9% to -0.5%, rev -2.2% to flat; 133% payout ratio on trailing earnings risks dividend; core FFO $16.68 (-1.7% YoY). Upside if rates cut & PS 4.0 works: $340 PT. Downside on supply glut: $290-300
Read full article (2 min)