What is the 13F Pro Quality Score for PSA?

13F Pro ranks Public Storage (PSA) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PSA's current score at https://13fpro.ai/company/PSA (free sign-up required for the full ranking).

Where does 13F Pro source PSA data?

All Public Storage fundamentals and ownership data come directly from SEC EDGAR. Public Storage files with the SEC under CIK 1393311. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PSA in?

Public Storage (PSA) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives PSA's revenue?

Per Public Storage's latest 10-Q filed with the SEC on 2026-07-29, the biggest revenue drivers are: Self-storage facilities ($1,139,947K, +1.9% YoY); Same Store Facilities ($1,006,549K, -0.6% YoY); Acquired Facilities ($78,871K, +37.0% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PSA.

What are PSA's largest expenses?

Public Storage's latest 10-Q reports these as the largest expense items: Self-storage cost of operations ($307,820K, +8.1% YoY); Depreciation and amortization ($287,757K, +1.6% YoY); Interest expense ($84,781K). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is PSA research updated on 13F Pro?

PSA's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Public Storage(PSA)Stock Analysis

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Why PSA Scores 69/100

exact factor attribution · 2026-08-29

PSA's composite is driven by free cash flow and profitability, held back by revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+6.4 pts

93th pct

Profitability

+6.2 pts

92th pct

Scale

+4.4 pts

80th pct

Capital efficiency

+3.5 pts

85th pct

Institutional flow

+2.4 pts

97th pct

Shareholder dilution

+0.6 pts

63th pct

Earnings quality

-0.4 pts

46th pct

▲2

Earnings growth

-0.9 pts

32th pct

Revenue growth

-3.2 pts

34th pct

Latest change (2026-07-30): 74 → 74 · ↓ Revenue growth 45→36; despite ↑ Earnings growth 27→39

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

PSA Stock Analysis & AI Quality Score

Data updated 2026-08-29

AI stock analysis and institutional research for Public Storage (PSA), a Real Estate sector company. 13F Pro tracks PSA using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), Public Storage reports quarterly revenue of $1.2B, net income of $500.0M, an operating margin of 37.9%. Top institutional holders of PSA by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PSA trades on the NYSE exchange and files with the SEC under CIK 1393311. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PSA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Public Storage directly from SEC EDGAR. Public Storage's 13F Pro composite quality score has ranged between 68 and 85 since 2021, currently 69.1 — a declining long-term trajectory across 65 quarterly and live scoring snapshots.

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Fun facts about Public Storage

Quirks, history, and lore behind PSA — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. real estate company · structured as a REIT · listed on the NYSE · headquartered in California.
2
The Numbers
Owns and operates roughly 3,000 locations across the country, making it one of the largest REITs by market cap in the entire sector.
3
The History
Founded in the 1970s, it rode a very American wave: people accumulating more stuff than their homes could hold and needing somewhere to put it all.
4
The Secret
Its business is essentially renting small rooms to millions of ordinary people — and raising their rates just often enough to keep Wall Street happy.
5
The Lore
Those distinctive orange and white facilities are so ubiquitous they've become an accidental landmark of suburban America — and the company owns most of its properties outright rather than leasing them.
6
The Giveaway
It's the largest self-storage company in the world — your old couch, your college boxes, and your ex's guitar are probably in one of its bright orange units right now.

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What's Driving PSA's Business? Latest 10-Q Breakdown

✓ 25/25 datapoints verified

AI-extracted from Public Storage's 10-Q filed 2026-07-29 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue rose 2.6% to $1.23B as Same Store revenue fell 0.6% to $1.01B, with growth carried by acquired, developed and ancillary operations.

Biggest Revenue Drivers

Self-storage facilities$1,139,947K+1.9% YoY

Growth from acquired and developed/expanded facilities offset a decline at Same Store Facilities

Ancillary operations$92,934K+$10,498K YoY

Tenant reinsurance premiums up 11.8% on larger customer base and higher coverage and premium rates

Biggest Revenue Drivers

Total revenue: $1,232,881K

Self-storage facilities$1,139,947K+1.9% YoY

Growth from acquired and developed/expanded facilities offset a decline at Same Store Facilities

Within Self-storage facilities

Same Store Facilities$1,006,549K-0.6% YoY

0.8% decrease in realized annual rent per occupied square foot and 1.7% lower late charges and administrative fees

Acquired Facilities$78,871K+37.0% YoY

306 facilities acquired or unstabilized since January 1, 2024, totaling $4.5 billion of cost

Developed and Expanded Facilities$51,314K+15.6% YoY

120 facilities with 13.8 million net rentable square feet still in lease-up

Ancillary operations$92,934K+$10,498K YoY

Tenant reinsurance premiums up 11.8% on larger customer base and higher coverage and premium rates

Largest Expense Items

Self-storage cost of operations$307,820K+8.1% YoY

Property taxes rose 5.9% at Same Store on higher assessed values; marketing up 6.3% on more paid search

Depreciation and amortization$287,757K+1.6% YoY

Primarily due to acquired facilities and newly developed and expanded facilities

Interest expense$84,781K

Issuance of U.S. Dollar and Euro denominated unsecured notes in 2025 and 2026

General and administrative$44,369K+$18.6M YoY

Executive severance and CEO transition, corporate transformation, and NSA transaction and integration costs

Margins: Same Store gross margin before depreciation fell to 74.2% from 75.4%, as a 4.4% rise in cost of operations outpaced a 0.6% revenue decline. Total NOI slipped 0.2%.

Watch Items from the Filing

Same Store revenue fell 0.6% and NOI 2.2%; management expects full-year 2026 Same Store revenues modestly below 2025.
NSA merger closed July 22, 2026 — approximately 11.2 million common shares issued plus preferred; integration and cost-synergy risk newly disclosed.
Pending related-party PS Canada purchase from board member Tamara Hughes Gustavson for $1.2 billion plus $288 million earn-out.
Core FFO per share fell 2.6% to $4.17 despite diluted EPS up 44.9%, as the $17.2 million Euro FX gain does not recur in Core FFO.
Approximately $1.4 billion of unsecured notes mature in the next twelve months; $800 million commercial paper outstanding as of July 29, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.2B

Net Income

Q2 2026

$500.0M

Operating Margin

Q2 2026

37.9%

ROIC

Q2 2026

9.6%

D/E Ratio

Q2 2026

1.11

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+2.7% YoY

$4.82BFY 2025

FY22 $4.18BFY23 $4.52BFY24 $4.70BFY25 $4.82B

Net Income

-13.9% YoY

$1.78BFY 2025

FY22 $4.35BFY23 $2.15BFY24 $2.07BFY25 $1.78B

EPS (Diluted)

-15.3% YoY

$9.01FY 2025

FY22 $23.50FY23 $11.06FY24 $10.64FY25 $9.01

Total Assets

+2.3% YoY

$20.21BFY 2025

FY22 $17.55BFY23 $19.81BFY24 $19.75BFY25 $20.21B

Total Debt

+9.6% YoY

$10.25BFY 2025

FY22 $6.87BFY23 $9.10BFY24 $9.35BFY25 $10.25B

Op. Cash Flow

+1.9% YoY

$3.19BFY 2025

FY22 $3.12BFY23 $3.25BFY24 $3.13BFY25 $3.19B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$4.82B +2.7%	$4.70B +3.9%	$4.52B +8.0%	$4.18B +22.4%	$3.42B +17.2%	$2.92B
Net Income	$1.78B -13.9%	$2.07B -3.6%	$2.15B -50.6%	$4.35B +122.7%	$1.95B +43.9%	$1.36B
EPS (Diluted)	$9.01 -15.3%	$10.64 -3.8%	$11.06 -52.9%	$23.50 +138.1%	$9.87 +56.9%	$6.29
Total Assets	$20.21B +2.3%	$19.75B -0.3%	$19.81B +12.9%	$17.55B +1.0%	$17.38B +47.1%	$11.82B
Total Debt	$10.25B +9.6%	$9.35B +2.7%	$9.10B +32.5%	$6.87B -8.1%	$7.48B +193.7%	$2.54B
Operating Cash Flow	$3.19B +1.9%	$3.13B -3.6%	$3.25B +4.2%	$3.12B +22.6%	$2.54B +24.5%	$2.04B

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Available Research

13F Pro tracks comprehensive data for Public Storage including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PSA

BlackRock, Inc.
$5.5B17,263,289 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$4.3B13,608,702 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.3B10,322,146 sh
STATE STREET CORP
$3.2B10,133,791 sh
Capital International Investors
$3.0B9,498,439 sh
PRICE T ROWE ASSOCIATES INC /MD/
$1.8B5,716,404 sh
COHEN & STEERS, INC.
$1.7B5,238,349 sh
NORGES BANK
$1.4B4,341,196 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.4B4,263,663 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$1.1B3,319,405 sh

Fund	Value	Shares
BlackRock, Inc.	$5.5B	17,263,289
VANGUARD PORTFOLIO MANAGEMENT LLC	$4.3B	13,608,702
VANGUARD CAPITAL MANAGEMENT LLC	$3.3B	10,322,146
STATE STREET CORP	$3.2B	10,133,791
Capital International Investors	$3.0B	9,498,439
PRICE T ROWE ASSOCIATES INC /MD/	$1.8B	5,716,404
COHEN & STEERS, INC.	$1.7B	5,238,349
NORGES BANK	$1.4B	4,341,196
GEODE CAPITAL MANAGEMENT, LLC	$1.4B	4,263,663
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$1.1B	3,319,405

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Is PSA a good stock to buy?

13F Pro's AI-powered analysis of Public Storage (PSA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PSA are available on the PSA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PSA is classified as a large company.

Which hedge funds own PSA?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PSA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Public Storage's investment landscape.