Summary
PUP0 Chart
The Preferred Dividend Of Public Storage Is Essentially Safe
Public Storage PFD SHS F 5.15% preferred stock offers a 5.9% yield after a recent correction, supported by a strong REIT business model and balance sheet. PSA.PR.F trades at a 12% discount to par, providing potential for capital appreciation if called, with the preferred dividend considered very safe. Public Storage benefits from resilient cash flows, industry tailwinds, and sector-leading credit ratings, ensuring preferred dividend stability.
Public Storage (PSA) Q3 2025 Earnings Call Transcript
Public Storage ( PSA ) Q3 2025 Earnings Call October 30, 2025 12:00 PM EDT Company Participants Ryan Burke - Vice President of Investor Relations Joseph Russell - CEO, President & Trustee H. Boyle - Senior VP, Chief Investment Officer & CFO Conference Call Participants Eric Wolfe - Citigroup Inc., Research Division Michael Griffin - Evercore ISI Institutional Equities, Research Division Samir Khanal - BofA Securities, Research Division Caitlin Burrows - Goldman Sachs Group, Inc., Research Division Ronald Kamdem - Morgan Stanley, Research Division Eric Luebchow - Wells Fargo Securities, LLC, Research Division Spenser Allaway Todd Thomas - KeyBanc Capital Markets Inc., Research Division Juan Sanabria - BMO Capital Markets Equity Research Michael Goldsmith - UBS Investment Bank, Research Division Michael Mueller - JPMorgan Chase & Co, Research Division Brendan Lynch - Barclays Bank PLC, Research Division Presentation Operator Greetings, and welcome to Public Storage Third Quarter 2025 Earnings Conference Call.
Public Storage's Q3 FFO & Revenues Beat Estimates, '25 View Raised
PSA posts higher Q3 FFO and revenues, fueled by rent gains and acquisitions, and lifts its 2025 outlook on stabilizing operations.
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Public Storage Profile
| - Industry | - Sector | Joseph D. Russell Jr. CEO | XFRA Exchange | US74460W4877 ISIN |
| US Country | 5,900 Employees | 15 Dec 2025 Last Dividend | - Last Split | 18 Nov 1980 IPO Date |
Overview
Public Storage stands as a leading entity in the self-storage sector, marking its presence both in the United States and internationally. As a significant player in the real estate investment trust (REIT) market, Public Storage has cemented its position by being a part of prestigious indexes such as the S&P 500 and FT Global 500. The company's strategic focus on acquiring, developing, owning, and operating self-storage facilities has resulted in a vast network. By the end of December 31, 2023, Public Storage's extensive portfolio included interests in 3,044 self-storage facilities across 40 states in the United States, encompassing approximately 218 million net rentable square feet. Additionally, its international presence is bolstered through a 35% common equity interest in Shurgard Self Storage Limited, a notable player in the European market. Shurgard operates 275 self-storage facilities across seven Western European countries, with around 15 million net rentable square feet under its brand. Public Storage's headquarters, strategically located in Glendale, California, serves as the central hub for its expansive operations.
Products and Services
- Self-storage Facilities in the United States
Public Storage owns and operates a vast array of self-storage facilities across 40 states in the United States, with a collective reach of approximately 218 million net rentable square feet. This extensive network ensures a wide range of storage solutions for personal, business, and vehicle needs, catering to a diverse customer base seeking secure and accessible storage options.
- Equity Interest in Shurgard Self Storage Limited
Through its 35% common equity interest in Shurgard Self Storage Limited, Public Storage extends its footprint into the European self-storage market. Shurgard, listed on Euronext Brussels (SHUR), owns and operates 275 self-storage facilities across seven Western European nations. This strategic investment allows Public Storage to offer approximately 15 million net rentable square feet of storage space in Europe, operated under the reputed Shurgard brand, thus providing a seamless storage experience for customers in both the US and European markets.
Contact Information
