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Public Storage ( (PSA) ) just unveiled an announcement.
On January 7, 2026, Public Storage released an investor presentation containing an operating update for the three months and year ended December 31, 2025, showing a mixed performance across its same-store portfolio. For 2025, the company reported modestly higher occupancy of 91.0% at year-end, up 0.5 percentage points from 2024, but experienced declines in average annual contract rent per square foot for tenants moving in and those in place, along with reduced contract rents gained from move-ins and contract rents lost from move-outs. Promotional discounts granted to new tenants declined both in the fourth quarter and for the full year, suggesting some easing of incentive levels even as pricing metrics softened. Strategically, Public Storage expanded its footprint during 2025 by acquiring 87 self-storage facilities totaling 6.1 million net rentable square feet for $942.2 million, underscoring continued growth through acquisitions despite pressure on same-store rent metrics.
The most recent analyst rating on (PSA) stock is a Hold with a $301.00 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 sentiment, highlighting robust revenue growth and strategic initiatives. However, technical analysis indicates a bearish trend, and valuation suggests moderate pricing. The company’s ability to manage leverage and navigate market challenges will be crucial for future performance.
To see Spark’s full report on PSA stock, click here.
More about Public Storage
Public Storage is a self-storage real estate company that owns and operates a large portfolio of self-storage facilities, with its same-store base comprising 2,565 properties totaling 175.3 million net rentable square feet as of January 1, 2023. The company focuses on providing storage space to tenants across this stabilized portfolio, with performance measured through metrics such as occupancy, contract rents, and move-in and move-out activity.
Average Trading Volume: 1,095,455
Technical Sentiment Signal: Sell
Current Market Cap: $45.78B
For an in-depth examination of PSA stock, go to TipRanks’ Overview page.