Morgan Stanley has reiterated its Equal-Weight rating on Public Storage (PSA) as of December 4, 2025. This decision indicates that the firm’s investment thesis remains intact amid recent market developments.
Public Storage, a real estate investment trust headquartered in Glendale, California, specializes in acquiring, developing, owning, and operating self-storage facilities. The company currently manages over 3,085 self-storage facilities across 40 states in the U.S. As of the latest financial snapshot, Public Storage boasts a market capitalization of $48.8 billion, a P/E ratio of 25.81, and an impressive dividend yield of 615.5%.
Looking ahead, the company is set to announce its upcoming earnings on July 28, 2026, with an estimated EPS of $2.69 and revenue expectations of $1.3 billion. Recent earnings performance shows variability, with a Q3 2025 EPS of $2.62, surpassing estimates by 2.5%, while Q2 2025 fell short of expectations.
Analyst consensus reflects a generally favorable outlook, with 5 Strong Buy, 10 Buy, and 9 Hold ratings among 24 total analysts, indicating a consensus rating of Buy. However, investor decisions should incorporate a range of factors, including company fundamentals and industry trends, rather than relying solely on analyst ratings.