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Last $187.24 USD
Change Today +0.17 / 0.09%
Volume 604.9K
PSA On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

public storage (PSA) Snapshot

Open
$188.80
Previous Close
$187.07
Day High
$189.69
Day Low
$186.77
52 Week High
01/28/15 - $206.92
52 Week Low
09/25/14 - $162.34
Market Cap
32.4B
Average Volume 10 Days
724.0K
EPS TTM
$5.47
Shares Outstanding
172.9M
EX-Date
06/11/15
P/E TM
34.2x
Dividend
$6.80
Dividend Yield
3.15%
Current Stock Chart for PUBLIC STORAGE (PSA)

public storage (PSA) Details

Public Storage is an equity real estate investment trust. It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The firm's self-storage facilities offer storage spaces for lease on a month-to-month basis for personal and business use. It also has interests in commercial properties containing commercial and industrial rental space and ancillary operations, which include reinsurance of policies against losses to goods stored by its self-storage tenants and and retail operations comprising merchandise sales. Public Storage was founded in 1971 and is based in Glendale, California.

5,300 Employees
Last Reported Date: 02/25/15
Founded in 1971

public storage (PSA) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $600.0K
Senior Vice President and President of Real E...
Total Annual Compensation: $350.0K
Chief Human Resources Officer
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

public storage (PSA) Key Developments

Public Storage Opens New Location in League City, Texas

Public Storage announced that it is expanding its footprint in League City and the Houston market with a new self-storage location opening. The company is expanding service to the growing Houston suburb with the newly acquired storage facility conveniently located on Highway 96 and the Gulf Freeway. Public Storage 1250 W. League City Pkwy, League City, TX 77573 is a 716-unit storage facility the company acquired from High Point Storage. The affordable self-storage options at this location also include covered parking spaces, a desirable feature to help protect user car from the damaging effects of the summer sun. There’s also climate-controlled storage on site. The newly-acquired mini storage property serves a town of families, good schools and tree-lined streets. For peace of mind, there is an on-site property manager who lives on the premises of the nine-acre location. This is the second League City location for Public Storage. The first opened April 30 as Public Storage 3155 W Walker St, League City, TX 77573. The company owns a total of 103 Houston-area locations. When possible, Public Storage expands its business by purchasing existing buildings and renovating them, as opposed to starting from the ground up. The practice is in line with the company’s sustainability initiatives; by reusing existing structures, Public Storage is able to reduce its carbon footprint with fewer contractor trips in the area.

Public Storage Adds Self-Storage Units in East Palo Alto

Public Storage is expanding its presence in the San Francisco Peninsula with additional self-storage units in East Palo Alto to serve residents in that growing community. The company will triple the number of units it owns in town by adding additional storage adjacent to the existing Public Storage 1961 E. Bayshore Rd, East Palo Alto, CA 94303. It is expanding by acquiring the facility from American Self Storage and renovating it. The newly-acquired, three-building location offers 765 storage units on two acres in a neighborhood of relatively affordable homes and retail such as IKEA and Home Depot. The location will also draw customers from Stanford University, three and a half miles away.

Public Storage Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Declares Quarterly Common Dividend Payable on June 30, 2015

Public Storage reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $569,394,000 compared to $519,624,000 a year ago. Operating income was $264,926,000 compared to $217,095,000 a year ago. Net income allocable to the common shareholders was $212,613,000 or $1.23 per basic and diluted share compared to $174,052,000 or $1.01 per basic and diluted share a year ago. FFO allocable to the common shareholders was $331,135,000 or $1.91 per share compared to $301,529,000 or $1.74 per share a year ago. FAD was $335,178,000 compared to $297,028,000 a year ago. Self-storage revenues were $530,637,000 compared to $485,587,000 a year ago. The increase is net income was primarily due to a $39.9 million increase in self-storage net operating income, as a result of a $25.5 million increase for same store facilities and a $14.4 million increase for non same store facilities. Revenues for the same store facilities increased 6.1% due primarily to higher realized annual rent per occupied square foot. Core FFO per share was $1.94 compared to $1.80 a year ago. The increase in net operating income for the non same store facilities is due primarily to the impact of the acquisition of 48 self-storage facilities since January 2014. Core FFO per share is not a substitute for net income per share. On April 29, 2015, the Board of Trustees of company declared a regular common quarterly dividend of $1.70 per common share which is an increase of $0.30 per share, or 21%, over the previous quarter's distribution. The dividend is payable on June 30, 2015 to shareholders of record as of June 15, 2015.

 

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PSA:US $187.24 USD +0.17

PSA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Derwent London PLC 3,500 GBp -24.00
Extra Space Storage Inc $67.41 USD +0.58
Hammerson PLC 630.50 GBp 0.00
Segro PLC 410.00 GBp -1.80
British Land Co PLC/The 807.00 GBp 0.00
View Industry Companies
 

Industry Analysis

PSA

Industry Average

Valuation PSA Industry Range
Price/Earnings 34.3x
Price/Sales 13.9x
Price/Book 6.3x
Price/Cash Flow 19.8x
TEV/Sales 11.9x
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