---
title: Public Storage (PSA) — REIT card
canonical: https://sweetvaluelab.com/tools/reits/psa
ticker: PSA
property_type: Self storage
as_of: 2026-10-16
---
# Public Storage (PSA) — REIT card

Public Storage, a self storage REIT, trades at 16.4× trailing Cash FFO with a 4.0% dividend yield, 66.1% of Cash FFO; net debt is 2.8× EBITDA. Prices as of Oct 16, 2026; trailing-twelve-month figures through Jun 30, 2026.

## The card

| Figure | PSA | Self storage average (1) |
| --- | ---: | ---: |
| Price | $298.31 |  |
| Cash FFO (TTM) | $3.2B |  |
| Cash FFO per share | $18.15 |  |
| P/Cash FFO | 16.4× | 16.4× |
| P/E | 28.5 |  |
| Dividend per share (TTM) | $12.00 |  |
| Dividend yield | 4.0% | 4.6% |
| Yield spread over the 10-year | -1.1% |  |
| Cash FFO payout | 66.1% | 76.1% |
| Cash FFO growth (YoY) | 0.8% | -2.5% |
| Cash FFO CAGR (3y) | -0.1% |  |
| Net debt / EBITDA | 2.8× | 6.2× |
| Interest cover | 10.8× | 1.5× |
| Debt / assets | 49.3% |  |
| EBITDA margin | 72.1% | 64.6% |
| Market value | $52.7B |  |
| Enterprise value | $62.6B |  |

## Lights

No light is on.

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Source: https://sweetvaluelab.com/tools/reits/psa (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.