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Public Storage (PSA) Earnings Yield: 3.00%

Is Public Storage’s earnings yield high or low?

Public Storage's earnings yield of 3.00% is 29% below its 5-year average of 4.23%, near the low end of its 5-year range (2.13%–9.70%).

The earnings yield for Public Storage (PSA) is 3.00% as of Wednesday, June 10, 2026. It is below its 12-month average by 8.77% (3.29%).

PSA Earnings Yield Chart

PSA Earnings Yield
3.00%-9.91% 1Y
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PSA Average Earnings Yield Chart

PSA Current vs Average Earnings Yield Chart

PSA Earnings Yield Metrics

EARNINGS YIELD

3.00%

EARNINGS YIELD AVG TTM

3.29%

EARNINGS YIELD AVG 3Y

4.11%

EARNINGS YIELD AVG 5Y

4.23%

EARNINGS YIELD AVG 10Y

3.76%

EARNINGS YIELD AVG 15Y

3.51%

EARNINGS YIELD AVG 20Y

3.79%

CURRENT VS TTM AVG

-8.77%

CURRENT VS 3Y AVG

-26.93%

CURRENT VS 5Y AVG

-29.00%

CURRENT VS 10Y AVG

-20.30%

CURRENT VS 15Y AVG

-14.61%

CURRENT VS 20Y AVG

-20.86%

PSA Competitors' Earnings Yield

NAMEMARKET CAPEARNINGS YIELDTTM3Y5Y
Public Storage (PSA)3.00%3.29%4.11%4.23%
Realty Income Corporation (O)$57.12B1.99%1.84%2.03%1.89%
Digital Realty Trust, Inc. (DLR)$64.99B2.05%1.96%1.67%2.08%
Simon Property Group, Inc. (SPG)$68.71B6.77%4.70%4.85%4.90%
Crown Castle Inc. (CCI)$40.40B2.61%2.58%2.97%2.58%
American Tower Corporation (AMT)$88.91B3.24%2.63%1.94%2.05%
Agree Realty Corporation (ADC)$9.07B2.46%2.36%2.58%2.58%
NNN REIT, Inc. (NNN)$8.83B4.44%4.91%5.05%4.45%
Equinix, Inc. (EQIX)$104.53B1.36%1.33%1.24%1.08%
Terreno Realty Corporation (TRNO)$7.13B6.08%5.01%3.75%3.24%

Earnings Yield vs P/E Ratio

Earnings Yield

3.00%

EPS ÷ Price

P/E Ratio

33.3

Price ÷ EPS

Formula: Earnings Yield = (EPS / Price) × 100

Earnings Yield is simply the inverse of P/E. A P/E of 20 equals a 5% earnings yield.

How earnings yield is used:

  • It expresses earnings relative to share price as a percentage
  • It can be compared with FCF yield and dividend yield
  • It can be compared with bond yields because both are percentages
  • It is mathematically the inverse of the P/E ratio

Public Storage Earnings Yield Formula & Definition

Earnings Yield = EPS (TTM) / Share Price

Earnings yield is the inverse of the PE ratio, expressing trailing earnings as a percentage of price. Higher is cheaper.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Public Storage Earnings Yield FAQ

What is the earnings yield for Public Storage (PSA)?
The earnings yield for PSA stock is 3.00%.
Is Public Storage's earnings yield high or low?
Public Storage's earnings yield of 3.00% is 29% below its 5-year average of 4.23%, near the low end of its 5-year range (2.13%–9.70%).
What is the TTM average earnings yield for Public Storage (PSA)?
The TTM average earnings yield for PSA stock is 3.29%.
What is the 3Y average earnings yield for Public Storage (PSA)?
The 3Y average earnings yield for PSA stock is 4.11%.
What is the 5Y average earnings yield for Public Storage (PSA)?
The 5Y average earnings yield for PSA stock is 4.23%.
What is the 10Y average earnings yield for Public Storage (PSA)?
The 10Y average earnings yield for PSA stock is 3.76%.
What is the 15Y average earnings yield for Public Storage (PSA)?
The 15Y average earnings yield for PSA stock is 3.51%.
What is the 20Y average earnings yield for Public Storage (PSA)?
The 20Y average earnings yield for PSA stock is 3.79%.

Public Storage Earnings Yield History

DATEEARNINGS YIELD
2026-06-093.00%
2026-06-083.12%
2026-06-053.13%
2026-06-043.16%
2026-06-033.21%
2026-06-023.24%
2026-06-013.28%
2026-05-293.19%
2026-05-283.13%
2026-05-273.16%
2026-05-263.18%
2026-05-223.17%
2026-05-213.18%
2026-05-203.20%
2026-05-193.26%
2026-05-183.27%
2026-05-153.31%
2026-05-143.20%
2026-05-133.19%
2026-05-123.11%
2026-05-113.11%
2026-05-083.12%
2026-05-073.13%
2026-05-063.14%
2026-05-053.24%
2026-05-043.28%
2026-05-013.21%
2026-04-303.20%
2026-04-293.29%
2026-04-283.26%
2026-04-273.17%
2026-04-242.92%
2026-04-232.90%
2026-04-222.96%
2026-04-212.92%
2026-04-202.89%
2026-04-172.92%
2026-04-162.99%
2026-04-153.01%
2026-04-142.97%
2026-04-133.04%
2026-04-103.06%
2026-04-093.07%
2026-04-083.11%
2026-04-073.23%
2026-04-063.21%
2026-04-023.22%
2026-04-013.26%
2026-03-313.33%
2026-03-303.40%
2026-03-273.39%
2026-03-263.36%
2026-03-253.37%
2026-03-243.36%
2026-03-233.32%
2026-03-203.39%
2026-03-193.25%
2026-03-183.25%
2026-03-173.15%
2026-03-163.11%
2026-03-133.03%
2026-03-123.03%
2026-03-113.01%
2026-03-102.95%
2026-03-092.94%
2026-03-062.93%
2026-03-052.94%
2026-03-042.90%
2026-03-032.95%
2026-03-022.90%
2026-02-272.94%
2026-02-262.97%
2026-02-253.01%
2026-02-242.96%
2026-02-232.95%
2026-02-202.96%
2026-02-193.02%
2026-02-183.02%
2026-02-172.99%
2026-02-133.00%
2026-02-123.08%
2026-02-113.28%
2026-02-103.29%
2026-02-093.33%
2026-02-063.35%
2026-02-053.40%
2026-02-043.34%
2026-02-033.44%
2026-02-023.54%
2026-01-303.49%
2026-01-293.47%
2026-01-283.51%
2026-01-273.47%
2026-01-263.45%
2026-01-233.41%
2026-01-223.36%
2026-01-213.33%
2026-01-203.37%
2026-01-163.28%
2026-01-153.29%
2026-01-143.35%
2026-01-133.44%
2026-01-123.45%
2026-01-093.46%
2026-01-083.55%
2026-01-073.62%
2026-01-063.56%
2026-01-053.69%
2026-01-023.72%
2025-12-313.71%
2025-12-303.69%
2025-12-293.71%
2025-12-263.69%
2025-12-243.67%
2025-12-233.71%
2025-12-223.68%
2025-12-193.71%
2025-12-183.68%
2025-12-173.60%
2025-12-163.60%
2025-12-153.53%
2025-12-123.50%
2025-12-113.52%
2025-12-103.60%
2025-12-093.64%
2025-12-083.57%
2025-12-053.54%
2025-12-043.48%
2025-12-033.46%
2025-12-023.52%
2025-12-013.55%
2025-11-283.51%
2025-11-263.51%
2025-11-253.53%
2025-11-243.58%
2025-11-213.57%
2025-11-203.63%
2025-11-193.62%
2025-11-183.55%
2025-11-173.56%
2025-11-143.51%
2025-11-133.51%
2025-11-123.50%
2025-11-113.46%
2025-11-103.53%
2025-11-073.46%
2025-11-063.51%
2025-11-053.45%
2025-11-043.49%
2025-11-033.47%
2025-10-313.46%
2025-10-303.43%
2025-10-293.33%
2025-10-283.08%
2025-10-273.05%
2025-10-243.03%
2025-10-232.99%
2025-10-222.95%
2025-10-212.97%
2025-10-202.94%
2025-10-172.98%
2025-10-162.99%
2025-10-153.05%
2025-10-143.03%
2025-10-133.06%
2025-10-103.11%
2025-10-093.12%
2025-10-083.13%
2025-10-073.12%
2025-10-063.15%
2025-10-033.12%
2025-10-023.17%
2025-10-013.15%
2025-09-303.17%
2025-09-293.18%
2025-09-263.20%
2025-09-253.27%
2025-09-243.27%
2025-09-233.25%
2025-09-223.28%
2025-09-193.29%
2025-09-183.23%
2025-09-173.23%
2025-09-163.22%
2025-09-153.20%
2025-09-123.14%
2025-09-113.11%
2025-09-103.17%
2025-09-093.16%
2025-09-083.11%
2025-09-053.08%
2025-09-043.14%
2025-09-033.14%
2025-09-023.18%
2025-08-293.11%
2025-08-283.14%
2025-08-273.15%
2025-08-263.17%
2025-08-253.16%
2025-08-223.12%
2025-08-213.20%
2025-08-203.19%
2025-08-193.19%
2025-08-183.27%
2025-08-153.24%
2025-08-143.26%
2025-08-133.24%
2025-08-123.27%
2025-08-113.28%
2025-08-083.25%
2025-08-073.23%
2025-08-063.26%
2025-08-053.25%
2025-08-043.27%
2025-08-013.29%
2025-07-313.37%
2025-07-303.18%
2025-07-293.44%
2025-07-283.52%
2025-07-253.50%
2025-07-243.50%
2025-07-233.48%
2025-07-223.46%
2025-07-213.54%
2025-07-183.54%
2025-07-173.55%
2025-07-163.52%
2025-07-153.55%
2025-07-143.49%
2025-07-113.48%
2025-07-103.49%
2025-07-093.48%
2025-07-083.46%
2025-07-073.45%
2025-07-033.40%
2025-07-023.39%
2025-07-013.38%
2025-06-303.43%
2025-06-273.47%
2025-06-263.49%
2025-06-253.48%
2025-06-243.40%
2025-06-233.42%
2025-06-203.47%
2025-06-183.46%
2025-06-173.43%
2025-06-163.42%
2025-06-133.41%
2025-06-123.39%
2025-06-113.35%
2025-06-103.31%
2025-06-093.33%
2025-06-063.32%
2025-06-053.35%
2025-06-043.32%
2025-06-033.32%
2025-06-023.25%
2025-05-303.26%
2025-05-293.29%
2025-05-283.33%

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

About Public Storage

Public Storage (PSA), an esteemed Real Estate Investment Trust (REIT) and a constituent of both the S&P 500 and FT Global 500 indices, concentrates its operations on the acquisition, development, ownership, and management of self-storage properties. By September 30, 2020, the company's substantial holdings included 2,504 self-storage facilities located across 38 U.S. states, collectively providing around 171 million net rentable square feet. Additionally, Public Storage held an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR), an entity that owned and operated 239 self-storage sites under the Shurgard brand in seven Western European countries, encompassing approximately 13 million net rentable square feet. Concurrently, it maintained an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), which, as of the same reporting date, managed roughly 28 million rentable square feet of commercial properties. The company's main office is situated in Glendale, California.

Glendale, CA
5,900 employees
Real Estate / REIT - Industrial
Sector
Real Estate
Industry
REIT - Industrial
CEO
H. Thomas Boyle