PSA
Public Storage Real Estate - Self-Storage REITs Investor Relations →
Public Storage (PSA) closed at $287.00 as of 2026-02-02, trading 4.6% above its 200-week moving average of $274.49. The stock moved further from the line this week, up from 0.5% last week. The 14-week RSI sits at 55, indicating neutral momentum.
Over the past 2311 weeks of data, PSA has crossed below its 200-week moving average 26 times. On average, these episodes lasted 17 weeks. Historically, investors who bought PSA at the start of these episodes saw an average one-year return of +22.0%.
With a market cap of $50.4 billion, PSA is a large-cap stock. The company generates a free cash flow yield of 4.6%. Return on equity stands at 19.9%, a solid level. The stock trades at 10.2x book value.
Over the past 33.2 years, a hypothetical investment of $100 in PSA would have grown to $10962, compared to $2849 for the S&P 500. That represents an annualized return of 15.2% vs 10.6% for the index — confirming PSA as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 6% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: PSA vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After PSA Crosses Below the Line?
Across 21 historical episodes, buying PSA when it crossed below its 200-week moving average produced an average return of +21.7% after 12 months (median +17.0%), compared to +15.8% for the S&P 500 over the same periods. 88% of those episodes were profitable after one year. After 24 months, the average return was +47.3% vs +27.3% for the index.
Each line shows $100 invested at the moment PSA crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
PSA has crossed below its 200-week MA 26 times with an average 1-year return of +22.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1981 | Jan 1982 | 12 | 6.0% | +15.6% | +15073.9% |
| Feb 1982 | Mar 1982 | 7 | 7.7% | +35.4% | +15073.9% |
| Aug 1982 | Aug 1982 | 1 | 0.2% | +32.7% | +14764.2% |
| May 1986 | May 1989 | 156 | 38.6% | -10.2% | +11370.0% |
| Dec 1989 | Oct 1991 | 97 | 34.9% | -36.9% | +12771.4% |
| Nov 1991 | Nov 1991 | 1 | 1.9% | +31.7% | +15032.0% |
| Oct 1999 | Jul 2000 | 39 | 13.7% | +4.8% | +3204.0% |
| Aug 2000 | Sep 2000 | 2 | 1.9% | +52.2% | +3048.5% |
| Sep 2000 | Dec 2000 | 12 | 10.1% | +43.5% | +3007.4% |
| Oct 2008 | Oct 2008 | 1 | 6.1% | +11.1% | +674.0% |
| Nov 2008 | Dec 2008 | 5 | 20.1% | +29.3% | +742.1% |
| Jan 2009 | Nov 2009 | 43 | 34.9% | +24.1% | +714.8% |
| Jan 2018 | Mar 2018 | 11 | 5.4% | +7.7% | +105.5% |
| Apr 2018 | Apr 2018 | 2 | 2.7% | +16.7% | +99.6% |
| Oct 2018 | Nov 2018 | 5 | 2.4% | +28.4% | +94.2% |
| Dec 2018 | Jan 2019 | 2 | 2.6% | +12.6% | +94.7% |
| Feb 2019 | Feb 2019 | 1 | 0.9% | +16.2% | +90.3% |
| Dec 2019 | Dec 2019 | 1 | 0.7% | +11.4% | +81.7% |
| Mar 2020 | May 2020 | 10 | 15.3% | +40.3% | +113.8% |
| Jun 2020 | Jul 2020 | 7 | 6.8% | +56.2% | +86.3% |
| Oct 2023 | Nov 2023 | 6 | 7.0% | +43.3% | +25.2% |
| Apr 2024 | Apr 2024 | 2 | 2.7% | +18.2% | +18.2% |
| Apr 2025 | Apr 2025 | 1 | 0.7% | N/A | +5.6% |
| Jul 2025 | Aug 2025 | 2 | 1.1% | N/A | +5.1% |
| Sep 2025 | Sep 2025 | 1 | 1.3% | N/A | +5.1% |
| Oct 2025 | Jan 2026 | 10 | 7.1% | N/A | +4.2% |
| Average | 17 | — | +22.0% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02