NYSE: PSA · Industrial REITs
Public Storage (PSA) fair value and price range
As of 28 Sep 2026, Faircurve's model values Public Storage (PSA) at $287.91 a share. The stock last closed at $283.81, which puts the model's fair value 1.4% above the price. No verdict is shown for PSA on this run. The fair value and its range are shown for reference.
Revalued . Price is the close of 2 Oct 2026. Public Storage.
Faircurve Insights · 28 Sep 2026
Public Storage (PSA) is a Real Estate Investment Trust (REIT) which acquires, develops, owns, and manages self-storage properties. It is a constituent of both the S&P 500 and FT Global 500 indices.
Faircurve's model found a fair value of $287.91 a share on 28 Sep 2026. This fair value moved -2.3% since the previous run, which gave $294.73 on 19 Sep 2026. The calibrated range over 63 trading days was $241.55 to $351.05 and held the price 60% of the time at this horizon. The model's evidence grade for Public Storage was High.
The model compares Public Storage with Extra Space Storage Inc. (EXR), Prologis, Inc. (PLD), EastGroup Properties, Inc. (EGP), Rexford Industrial Realty, Inc. (REXR), CubeSmart (CUBE), First Industrial Realty Trust, Inc. (FR), STAG Industrial, Inc. (STAG), and Terreno Realty Corporation (TRNO). Around its last 8 earnings reports, the stock moved by a median of 3.0%, ignoring direction.
Written from the figures on this page for the 28 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give PSA?
The calibrated range for PSA over 63 trading days is $241.55 to $351.05. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own range is $262.97 to $315.09.
How does PSA compare with similar companies?
The companies in industrial reits closest to Public Storage in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| EXR Extra Space Storage Inc. | $133.25 | $120.53 | -9.5% | No verdict on this run |
| PLD Prologis, Inc. | $128.91 | $103.24 | -19.9% | Low evidence grade |
| EGP EastGroup Properties, Inc. | $195.78 | $138.23 | -29.4% | No verdict on this run |
| REXR Rexford Industrial Realty, Inc. | $36.69 | $40.50 | +10.4% | Low evidence grade |
| CUBE CubeSmart | $37.52 | $42.39 | +13.0% | No verdict on this run |
| FR First Industrial Realty Trust, Inc. | $59.46 | $50.91 | -14.4% | No verdict on this run |
| STAG STAG Industrial, Inc. | $36.05 | $35.83 | -0.6% | No verdict on this run |
| TRNO Terreno Realty Corporation | $64.54 | $58.14 | -9.9% | Low evidence grade |
When does PSA report earnings, and how has the stock reacted?
Public Storage's next earnings report is scheduled for 4 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 7.8% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How PSA moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.0%.
| Report date | Two session move |
|---|---|
| 29 Jul 2026 | -3.9% |
| 27 Apr 2026 | -3.6% |
| 12 Feb 2026 | +2.2% |
| 29 Oct 2025 | -5.8% |
| 30 Jul 2025 | -7.1% |
| 30 Apr 2025 | +2.4% |
| 24 Feb 2025 | +1.4% |
| 30 Oct 2024 | -0.7% |
Public Storage at a glance
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.
- Market value
- $53.7B
- Sector
- Real Estate
- Industry
- Industrial REITs
- Beta to the US market
- 0.39
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values Public Storage three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for PSA was $294.73. As of 28 Sep 2026 it is $287.91, a change of -2.3%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Public Storage's valuation
Is Public Storage stock undervalued or overvalued?
Faircurve's model puts PSA's fair value at $287.91 a share against a last close of $283.81, as of 28 Sep 2026. No verdict is shown for PSA on this run. The fair value and its range are shown for reference.
What is PSA's fair value?
$287.91 a share as of 28 Sep 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $262.97 to $315.09.
What price range does the model give PSA?
$241.55 to $351.05 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Public Storage report earnings next?
The next report is scheduled for 4 Nov 2026. Companies can move their dates.
How much has PSA moved on past earnings reports?
Across its last 8 reports the median two session move was 3.0%, ignoring direction. The largest was -7.1% around the report of 30 Jul 2025.
How confident is the model in this valuation?
The model's evidence grade for PSA is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.