public storage built its first self-storage facility in 1972. today we’re the nation’s largest self-storage provider and we couldn’t have done it without the support and dedication of all our team-members. it’s our people, the remarkable public storage family that makes us the leader in the industry! we’re privileged to have driven and talented groups of people across all levels of our organization; from our property managers who greet and assist our customers every day to our district managers who strive to ensure each member of their team is trained for success; our corporate team-members and company officers work passionately to provide field management with tools required for them to succeed. we owe our success to their effort and dedication. be a part of our thriving community, the public storage team! explore our website for opportunities ranging from property management, field management, corporate, real estate, it and call center positions; you’ll find one that's just right for
Company profile
Ticker
PSA, PSA+I, PSA+J, PSA+K, PSA+L, PSA+N, PSA+O, PSA+P, PSA+Q, PSA+R, PSA+S
Exchange
Website
CEO
Joseph Russell
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Public Storage OP, LP • Public Storage Operating Company • PS California Holdings, Inc • PS Simply Storage, LLC ...
IRS number
953551121
PSA stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
16 Apr 24
8-K
Entry into a Material Definitive Agreement
10 Apr 24
424B5
Prospectus supplement for primary offering
10 Apr 24
FWP
Free writing prospectus
9 Apr 24
424B5
Prospectus supplement for primary offering
9 Apr 24
ARS
2023 FY
Annual report to shareholders
25 Mar 24
DEFA14A
Additional proxy soliciting materials
25 Mar 24
DEF 14A
Definitive proxy
25 Mar 24
10-K
2023 FY
Annual report
20 Feb 24
8-K
Results of Operations and Financial Condition
20 Feb 24
Transcripts
PSA
Earnings call transcript
2023 Q4
21 Feb 24
PSA
Earnings call transcript
2023 Q3
31 Oct 23
PSA
Earnings call transcript
2023 Q2
3 Aug 23
PSA
Earnings call transcript
2023 Q1
4 May 23
PSA
Earnings call transcript
2022 Q4
22 Feb 23
PSA
Earnings call transcript
2022 Q3
2 Nov 22
PSA
Earnings call transcript
2022 Q2
5 Aug 22
PSA
Earnings call transcript
2022 Q1
4 May 22
PSA
Earnings call transcript
2021 Q4
23 Feb 22
PSA
Earnings call transcript
2021 Q3
2 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 660.36 mm | 660.36 mm | 660.36 mm | 660.36 mm | 660.36 mm | 660.36 mm |
Cash burn (monthly) | 7.25 mm | 20.94 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 48.18 mm | 139.26 mm | n/a | n/a | n/a | n/a |
Cash remaining | 612.18 mm | 521.09 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 84.5 | 24.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
58.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 851 |
Opened positions | 129 |
Closed positions | 224 |
Increased positions | 321 |
Reduced positions | 287 |
13F shares | Current |
---|---|
Total value | 27.85 tn |
Total shares | 102.37 mm |
Total puts | 172.30 k |
Total calls | 109.70 k |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 20.73 mm | $6.32 tn |
STT State Street | 11.42 mm | $3.48 tn |
T. Rowe Price | 5.21 mm | $1.59 bn |
Wellington Management | 4.19 mm | $1.28 tn |
Capital International Investors | 3.26 mm | $992.91 bn |
Charles Schwab Investment Management | 2.69 mm | $794.16 bn |
FMR | 2.64 mm | $804.51 bn |
LGEN Legal & General | 2.61 mm | $796.63 bn |
JPM JPMorgan Chase & Co. | 2.54 mm | $774.50 bn |
Dimensional Fund Advisors | 2.17 mm | $662.69 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Apr 24 | Spogli Ronald P | LTIP Units Common Shares | Option exercise | Acquire M | No | No | 0 | 2,160.31 | 0.00 | 2,160.31 |
9 Apr 24 | Spogli Ronald P | AO LTIP Units Common Shares | Option exercise | Dispose M | No | No | 170.6 | 5,163 | 880.81 k | 0 |
1 Apr 24 | Havner Ronald L JR | Common Shares | Payment of exercise | Dispose F | No | No | 286.5 | 304 | 87.10 k | 9,106 |
31 Mar 24 | Havner Ronald L JR | Common Shares | Grant | Acquire A | No | No | 290.06 | 104 | 30.17 k | 9,410 |
31 Mar 24 | John Reyes | Common Shares | Grant | Acquire A | No | No | 290.06 | 104 | 30.17 k | 12,555 |
31 Mar 24 | Spogli Ronald P | Common Shares | Grant | Acquire A | No | No | 290.06 | 147 | 42.64 k | 12,382 |
31 Mar 24 | Neithercut David J | Common Shares | Grant | Acquire A | No | No | 290.06 | 136 | 39.45 k | 1,665 |
News
Stocks Sink On Worrisome Inflation Data, Yields Spike On Rate Cut Delays, Dollar Rallies: What's Driving Markets Wednesday?
10 Apr 24
Public Storage Subsidiary Prices Public Offering Of $1B Of Senior Notes
9 Apr 24
Wells Fargo Upgrades Public Storage to Overweight, Raises Price Target to $310
5 Apr 24
Raymond James Upgrades Public Storage to Strong Buy, Announces $330 Price Target
28 Mar 24
$1000 Invested In This Stock 20 Years Ago Would Be Worth $5,700 Today
25 Mar 24
Press releases
Public Storage Prices Public Offering of Senior Notes
9 Apr 24
Public Storage to Release First Quarter 2024 Earnings Results and Host Quarterly Conference Call
4 Apr 24
Public Storage Declares First Quarter 2024 Dividends
23 Feb 24
Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2023
20 Feb 24
Public Storage to Release Fourth Quarter 2023 Earnings Results and Host Quarterly Conference Call
31 Jan 24