Realty Income Corporation (O) vs Public Storage (PSA)
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 July 28, 2026. Differences are shown without an overall score or investment verdict.
O
Realty Income Corporation
$65.73Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
PSA
Public Storage
$330.47Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — O vs PSA
growth of $100 · dividends reinvested · last 30yO +3553.6%PSA +4641.6%PSA compounded faster
O PSA
O vs PSA: by the numbers
- •PSA is the larger company ($61.62B vs $61.29B market cap).
- •PSA trades at the lower trailing earnings multiple (33.44 vs 53.69 P/E), one valuation lens rather than an overall verdict.
- •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 (4.95% vs 3.70%).
Metrics side by side
Valuation
| Metric | O | PSA |
|---|---|---|
| P/E ratio | 53.69 | 33.44 |
| Forward P/E | 42.36 | 31.77 |
| P/S ratio | 10.01 | 11.73 |
| P/B ratio | 1.51 | 6.18 |
| PEG ratio | 2.49 | 4.45 |
| EV / EBITDA | 21.08 | 18.34 |
Profitability
| Metric | O | PSA |
|---|---|---|
| Gross margin | 89.80% | 24.96% |
| Operating margin | 29.27% | 50.85% |
| Net margin | 18.94% | 39.16% |
| ROE | 2.86% | 20.63% |
| ROIC | 2.45% | 13.14% |
Dividends
| Metric | O | PSA |
|---|---|---|
| Dividend yield | 4.95% | 3.70% |
| Payout ratio | 276.84% | 132.74% |
Growth (annualized)
| Metric | O | PSA |
|---|---|---|
| Revenue CAGR (5Y) | 28.65% | 10.32% |
| EPS CAGR (5Y) | 0.35% | 7.52% |
| Total return CAGR (5Y) | 4.31% | 4.32% |
Frequently asked
- Which has the lower trailing P/E, O or PSA?
- PSA has the lower trailing P/E: O trades at 53.69 and PSA at 33.44. P/E is one valuation measure and does not by itself establish which business is cheaper.
- 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 4.95% and PSA yields 3.70% 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%.
- How have O and PSA total returns compared?
- Over the past 10 years, O delivered 4.59% and PSA delivered 6.47% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Realty Income P/E ratioPublic Storage P/E ratioRealty Income dividend yieldPublic Storage dividend yieldRealty Income ROEPublic Storage ROERealty Income operating marginPublic Storage operating marginRealty Income revenue growthPublic Storage revenue growthRealty Income free cash flowPublic Storage free cash flow
Realty Income & Public Storage appear in these rankings
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 July 28, 2026.