Wall Street analyst estimates for Public Storage (PSA): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Public Storage (PSA), an esteemed Real Estate Investment Trust (REIT) and a constituent of both the S&P 500 and FT Global 500 indices, concentrates its operations on the acquisition, development, ownership, and management of self-storage properties. By September 30, 2020, the company's substantial holdings included 2,504 self-storage facilities located across 38 U.S. states, collectively providing around 171 million net rentable square feet.
Consensus price target
$323.38 (-0 % vs price $324.77)
between $294.00 and $351.00 · 10 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $5.7B | $5.6B – $5.9B | $9.91 | 7 |
| 2028E | $6.0B | $5.5B – $6.5B | $10.35 | 6 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 1 |
| Buy | 10 |
| Hold | 23 |
| Sell | 2 |
| Strong Sell | 0 |
| Total analysts | 36 |
| Avg rating (−2 sell to +2 buy) | 0.28 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-11 | $2.40 | ||
| 2026-10-26 | $1.69 | $2.49 | -32.1% |
| 2026-07-29 | $2.55 | $2.53 | +0.8% |
| 2026-04-27 | $2.71 | $2.42 | +12.0% |
| 2026-02-12 | $2.60 | $2.49 | +4.4% |
| 2025-10-29 | $2.63 | $2.53 | +4.0% |
| 2025-07-30 | $1.76 | $2.56 | -31.2% |
| 2025-04-30 | $2.04 | $2.39 | -14.6% |
Valuation Ratios
| P/E Ratio | 34.01 |
| Price / Book | 4.12 |
| EV / EBITDA | 21.44 |
| Dividend Yield | 3.69% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.56B | $2.67B | $2.76B | $2.86B | $2.92B | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B |
| Cost of Revenue | $669.1M | $708.0M | $757.1M | $813.2M | $867.5M | $920.6M | $1.05B | $1.15B | $1.26B | $3.62B |
| Gross Profit | $1.89B | $1.96B | $2.00B | $2.04B | $2.05B | $2.50B | $3.13B | $3.37B | $3.44B | $1.20B |
| Research & Development | $9.7M | $8.2M | $5.4M | $6.8M | $10.8M | $8.4M | $17.5M | 0 | 0 | 0 |
| Selling, General & Admin | $70.1M | $69.9M | $93.8M | $62.1M | $64.0M | $76.0M | $71.7M | $80.6M | $106.7M | $106.7M |
| Operating Expenses | $517.0M | $537.4M | $588.4M | $575.1M | $636.5M | $789.4M | $959.8M | $1.05B | $1.24B | -$1.05B |
| Operating Income | $1.37B | $1.42B | $1.41B | $1.47B | $1.41B | $1.71B | $2.17B | $2.32B | $2.20B | $2.25B |
| EBITDA | $1.90B | $1.92B | $2.23B | $2.08B | $1.97B | $2.78B | $5.41B | $3.34B | $3.51B | $3.25B |
| Interest Expense | $4.3M | $12.7M | $32.5M | $45.6M | $56.3M | $90.8M | $136.3M | $201.1M | $287.4M | $304.5M |
| Pre-tax Income | $1.46B | $1.45B | $1.72B | $1.53B | $1.36B | $1.97B | $4.38B | $2.17B | $2.09B | $1.79B |
| Income Tax | 0 | 0 | 0 | 0 | 0 | $12.4M | $14.3M | $10.8M | $4.7M | -$7.2M |
| Net Income | $1.45B | $1.44B | $1.71B | $1.52B | $1.36B | $1.95B | $4.35B | $2.15B | $2.07B | $1.78B |
| EPS | $6.84 | $6.75 | $9.84 | $7.30 | $6.29 | $9.91 | $23.64 | $11.11 | $10.68 | $9.04 |
| EPS (Diluted) | $6.81 | $6.73 | $9.82 | $7.29 | $6.29 | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 |
| Shares Outstanding (Diluted) | 173.9 M | 174.2 M | 174.3 M | 174.5 M | 174.6 M | 175.6 M | 176.3 M | 176.1 M | 176.0 M | 175.9 M |
Price
| Price | $324.77 (closing price, October 30, 2026) |
| Market Cap | $60.7B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Real Estate · REIT - Industrial
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