Public Storage (PSA) vs Welltower Inc. (WELL)

PSA leads on 11 of 14 compared metrics.

A side-by-side comparison of Public Storage and Welltower Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — PSA vs WELL

growth of $100 · last 30y
PSA +1519.2%WELL +938.4%PSA compounded faster
05001k2k2kStart $100200120062011201620212026$1,619$1,038
PSA WELL

PSA vs WELL: by the numbers

  • WELL is the larger company ($151.23B vs $57.22B market cap).
  • PSA trades at the lower earnings multiple (33.64 vs 106.58 P/E).
  • PSA converts more revenue to profit (39.16% vs 12.15% net margin).
  • WELL grew revenue faster over the past five years (21.49% vs 10.32% CAGR).
  • PSA pays the higher dividend yield (3.68% vs 1.38%).

Which is better, PSA or WELL?

Metric tally: PSA 11 · WELL 3

It depends on what you're optimizing for:

ValuePSA(lower P/E)
GrowthWELL(faster 5Y revenue CAGR)
IncomePSA(higher dividend yield)
QualityPSA(higher ROIC)

Metrics side by side

Valuation

MetricPSAWELL
P/E ratio33.64106.58
Forward P/E33.0173.96
P/S ratio11.8013.43
P/B ratio6.223.55
PEG ratio4.47
EV / EBITDA20.7664.79

Profitability

MetricPSAWELL
Gross margin60.63%38.87%
Operating margin50.85%4.62%
Net margin39.16%12.15%
ROE20.63%3.21%
ROIC11.50%0.54%

Dividends

MetricPSAWELL
Dividend yield3.68%1.38%
Payout ratio132.74%209.93%

Growth (annualized)

MetricPSAWELL
Revenue CAGR (5Y)10.32%21.49%
EPS CAGR (5Y)7.52%-9.79%
Total return CAGR (5Y)5.63%24.90%

Frequently asked

Which is better, PSA or WELL?
It depends on your goal. value: PSA (lower P/E); growth: WELL (faster 5Y revenue CAGR); income: PSA (higher dividend yield); quality: PSA (higher ROIC). Across all compared metrics, PSA leads 11 to 3.
Is PSA or WELL cheaper?
On trailing earnings, PSA is cheaper: PSA trades at a 33.64 P/E and WELL at 106.58.
Which has grown faster, PSA or WELL?
Over the past five years, WELL grew revenue faster — PSA at a 10.32% CAGR versus WELL at 21.49%.
Does PSA or WELL pay a bigger dividend?
PSA yields 3.68% and WELL yields 1.38% based on trailing dividends and the latest price.
Is PSA or WELL more profitable?
PSA runs the higher net margin — PSA at 39.16% versus WELL at 12.15%.
Which has been the better investment, PSA or WELL?
Over the past 10-year, WELL delivered the higher annualized total return — PSA at 6.79% versus WELL at 15.57%. Past performance doesn't predict future results.

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 15, 2026.