Public Storage Expands Portfolio Amid Rent Decline

Public Storage ( (PSA) ) just unveiled an announcement.

Public Storage announced an operating update for the two months ending May 31, 2025, revealing a slight decrease in average annual contract rent per square foot for both move-ins and move-outs compared to the previous year. The company also reported a minor decline in square foot occupancy but managed to acquire or contract 69 self-storage facilities, adding 4.7 million net rentable square feet to its portfolio for $750.9 million since the start of 2025, indicating an aggressive expansion strategy.

The most recent analyst rating on (PSA) stock is a Hold with a $358.00 price target. To see the full list of analyst forecasts on Public Storage stock, see the PSA Stock Forecast page.

Spark’s Take on PSA Stock

According to Spark, TipRanks’ AI Analyst, PSA is a Outperform.

Public Storage’s overall stock score is driven by strong financial performance and positive earnings call insights, indicating a well-managed company with growth potential. Despite high valuation concerns, its robust dividend yield and strategic initiatives in digital transformation and international expansion support a favorable outlook.

To see Spark’s full report on PSA stock, click here.

More about Public Storage

Public Storage operates in the self-storage industry, providing storage solutions across a vast network of facilities. The company focuses on offering rentable storage spaces to individuals and businesses, positioning itself as a leader in the self-storage market.

Average Trading Volume: 832,926

Technical Sentiment Signal: Strong Buy

Current Market Cap: $54.34B

For a thorough assessment of PSA stock, go to TipRanks’ Stock Analysis page.