CluenexPublic Storage PSA
Public Storage scores good on business quality (6.1 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Public Storage does
Public Storage owns and operates self-storage facilities, collecting monthly rental income from millions of individual and commercial tenants across the United States.
- What it does best
Public Storage extracts elite cash flow from real estate, generating an 88% sector percentile in free cash flow margin alongside a 72.5% gross margin. That outpaces peers like Extra Space Storage at 30.9% and CubeSmart at 44.5% FCF margins, proving superior pricing power and minimal ongoing maintenance costs per square foot.
- The main risk
Debt obligations sit at $10.3 billion with an interest coverage ratio of 7.0x, leaving the balance sheet exposed to persistent interest rate pressures and refinancing costs that can pinch margins if rate-cut hopes stall.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin hits 46.4% and FCF margin reaches 34.3%, showing stable efficiency that drives a top-quartile ROE of 22.1% as the asset base scales.
Scale and brand recognition lock in consumers across a vast physical footprint, driving an operating margin ranking in the top quartile of its sector at 46.4%.
Revenue growth registers at 2.7%, cooling down from prior annual ticks as the top-line expansion rate sits in the lower third of its real estate sector.
Total debt reaches $10.3 billion against $318 million in cash, supported by an interest coverage of 7.0x. Free cash flow registers at $1.7 billion, holding steady versus prior years while funding hefty dividends.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $463K outside pre-planned sales.
Our sealed record on PSA
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Public Storage scores good on the Cluenex quality check (6.1 of 10), measured against its own industry. Profitability is strong, moat fair, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: 1 sold $463K outside pre-planned sales.
Oct 26, 2026, after the close.
See PSA today
- Today's verdict on PSA, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Public Storage (PSA)”, https://cluenex.com/stocks/psa/, data as of Oct 10, 2026.