On trailing earnings, PSA is cheaper: O trades at a 51.41 P/E and PSA at 33.64.

Which has grown faster, O or PSA?

Over the past five years, O grew revenue faster — O at a 28.65% CAGR versus PSA at 10.32%.

Does O or PSA pay a bigger dividend?

O yields 5.16% and PSA yields 2.76% based on trailing dividends and the latest price.

Is O or PSA more profitable?

PSA runs the higher net margin — O at 18.94% versus PSA at 39.16%.

Which has been the better investment, O or PSA?

Over the past 10-year, PSA delivered the higher annualized total return — O at 4.90% versus PSA at 6.79%. Past performance doesn't predict future results.

Realty Income Corporation (O) vs Public Storage (PSA)

O leads on 9 of 16 compared metrics, though PSA is the cheaper stock.

A side-by-side comparison of Realty Income Corporation and Public Storage across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Realty Income Corporation

Total return — O vs PSA

growth of $100 · last 30y

O +527.8%PSA +1479.9%PSA compounded faster

O PSA

O vs PSA: by the numbers

•O is the larger company ($58.49B vs $57.22B market cap).
•PSA trades at the lower earnings multiple (33.64 vs 51.41 P/E).
•PSA converts more revenue to profit (39.16% vs 18.94% net margin).
•O grew revenue faster over the past five years (28.65% vs 10.32% CAGR).
•O pays the higher dividend yield (5.16% vs 2.76%).

Which is better, O or PSA?

Metric tally: O 9 · PSA 7

It depends on what you're optimizing for:

ValuePSA(lower P/E)

GrowthO(faster 5Y revenue CAGR)

IncomeO(higher dividend yield)

QualityO(higher ROIC)

Valuation

Metric	O	PSA
P/E ratio	51.41	33.64●
Forward P/E	34.95	32.82●
P/S ratio	9.59●	11.80
P/B ratio	1.45●	6.22
PEG ratio	2.49●	4.47
EV / EBITDA	20.72	20.76
FCF yield	7.15%●	5.34%

Profitability

Metric	O	PSA
Gross margin	68.62%●	60.63%
Operating margin	29.27%	50.85%●
Net margin	18.94%	39.16%●
ROE	2.86%	20.63%●
ROIC	24.52%●	11.50%

Dividends

Metric	O	PSA
Dividend yield	5.16%●	2.76%
Payout ratio	276.67%	99.56%

Growth (annualized)

Metric	O	PSA
Revenue CAGR (5Y)	28.65%●	10.32%
EPS CAGR (5Y)	0.35%	7.52%●
FCF CAGR (5Y)	29.59%●	9.58%
Total return CAGR (5Y)	3.50%	5.63%●

Frequently asked

Which is better, O or PSA?: It depends on your goal. value: PSA (lower P/E); growth: O (faster 5Y revenue CAGR); income: O (higher dividend yield); quality: O (higher ROIC). Across all compared metrics, O leads 9 to 7.
Is O or PSA cheaper?: On trailing earnings, PSA is cheaper: O trades at a 51.41 P/E and PSA at 33.64.
Which has grown faster, O or PSA?: Over the past five years, O grew revenue faster — O at a 28.65% CAGR versus PSA at 10.32%.
Does O or PSA pay a bigger dividend?: O yields 5.16% and PSA yields 2.76% based on trailing dividends and the latest price.
Is O or PSA more profitable?: PSA runs the higher net margin — O at 18.94% versus PSA at 39.16%.
Which has been the better investment, O or PSA?: Over the past 10-year, PSA delivered the higher annualized total return — O at 4.90% versus PSA at 6.79%. Past performance doesn't predict future results.

Go deeper

Full O analysis Full PSA analysis Interactive comparison tool

Dig into the metrics

Realty Income P/E ratio Public Storage P/E ratio Realty Income dividend yield Public Storage dividend yield Realty Income ROE Public Storage ROE Realty Income operating margin Public Storage operating margin Realty Income revenue growth Public Storage revenue growth Realty Income free cash flow Public Storage free cash flow

Realty Income & Public Storage appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Fastest Revenue Growth Stocks Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.