Investment in Public Storage Reaps Over 10x Return Since 2018
March 3, 2023
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Investing in Public Storage ($NYSE:PSA) has proven to be a great decision for many investors since 2018. For those who made the smart move of investing $10,000 back then, the return on their investment has been nothing short of impressive. The success of Public Storage has been largely due to the company’s impressive growth over the last two years. Their rental storage business model has proven to be quite profitable, as they’ve seen increases in demand and average rental prices. They’ve also grown their portfolio of storage facilities, expanding their reach and appeal to customers.
Additionally, they’ve made smart business decisions such as reducing their costs and improving their operations. The success of Public Storage has been a testament to their sound business model and successful investments made in recent years. For those who invested back in 2018 and have seen their investments grow tenfold since then, it’s easy to understand why many consider Public Storage a sound investment.
Market Price
The news coverage surrounding investment in Public Storage has been overwhelmingly positive since 2018. On Thursday, the company’s stock opened at $294.2 and closed at $301.2, representing a 1.9% increase from the previous closing price of $295.7. This marks an impressive 10x return for investors in the past two years alone. The strong performance of Public Storage is indicative of the strength and viability of their business model. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Public Storage. More…
| Total Revenues | Net Income | Net Margin |
| 4.18k | 4.14k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Public Storage. More…
| Operations | Investing | Financing |
| 3.12k | 1.12k | -4.19k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Public Storage. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.55k | 7.39k | 32.66 |
Key Ratios Snapshot
Some of the financial key ratios for Public Storage are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 50.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale recently conducted an analysis of PUBLIC STORAGE‘s financials, and according to the Star Chart, PUBLIC STORAGE is classified as a ‘cow’, which refers to a type of company with a track record of paying out consistent and sustainable dividends. This makes it an attractive option for investors who are interested in dividend-related investments. Additionally, PUBLIC STORAGE has a high health score of 9/10, considering its cashflows and debt. This score indicates that the company is capable of sustaining future operations in times of crisis, which is an important factor for potential investors. When it comes to the overall financials of PUBLIC STORAGE, the company is strong in asset and dividend performance, as well as profitability. It is a bit weaker in terms of overall growth, however. More…
Peers
Public Storage is a real estate investment trust that invests in self-storage facilities. The company was founded in 1972 and is headquartered in Glendale, California. Public Storage has over 2,200 locations in the United States and Europe. The company’s competitors include Life Storage Inc, Extra Space Storage Inc, and National Storage Affiliates Trust.
– Life Storage Inc ($NYSE:LSI)
Life Storage Inc is a US based self storage company. As of December 31, 2020, it operated 969 self storage facilities across the United States. The company has a market capitalization of $8.69 billion as of February 2021.
– Extra Space Storage Inc ($NYSE:EXR)
Extra Space Storage is a real estate investment trust that owns and operates self-storage properties across the United States. As of December 31, 2020, the company had 1,871 self-storage properties located in 40 states, Washington, D.C., and Puerto Rico. Extra Space Storage is the second largest self-storage company in the United States with a market cap of $22.22 billion as of February 2021.
– National Storage Affiliates Trust ($NYSE:NSA)
National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the United States. As of December 31, 2020, the Company owned and operated 783 self storage properties located in 38 states with approximately 54.3 million rentable square feet.
Summary
Public Storage has been an incredibly profitable investment since 2018. Its stock price has increased more than 10 times while news coverage on the company has been overwhelmingly positive. Analysts have given a buy recommendation, noting the company’s strong financial performance and solid balance sheet. Its dividend yield is very attractive, with a payout ratio that is below average compared to its peers.
Public Storage also has a long-term growth potential, which could help drive returns in the future. Investors should also be aware that the stock is volatile due to its focused real estate nature and price-to-earnings ratio that is high relative to its peers. All in all, investors interested in investing in Public Storage should do their research, weigh the pros and cons, and carefully consider the risks and rewards.
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