PSA
Public Storage Real Estate - Self-Storage REITs Investor Relations →
Public Storage (PSA) closed at $296.31 as of 2026-09-18, trading 8.8% above its 200-week moving average of $272.21. The stock moved further from the line this week, up from 7.9% last week. The 14-week RSI sits at 34, indicating neutral momentum.
Over the past 14 weeks, up-weeks have carried more volume than down-weeks (1.56 buyers-vs-sellers ratio). When trading picks up, it's more often on days the price is rising — buyers are showing more interest than sellers.
Over the past 2343 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 +21.1%.
With a market cap of $55.4 billion, PSA is a large-cap stock. The company generates a free cash flow yield of 4.2%. Return on equity stands at 21.9%, indicating strong profitability. The stock trades at 10.8x book value.
Over the past 33.8 years, a hypothetical investment of $100 in PSA would have grown to $11657, compared to $3167 for the S&P 500. That represents an annualized return of 15.1% vs 10.8% for the index — confirming PSA as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 2.9% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 +19.9% after 12 months (median +14.0%), compared to +16.3% for the S&P 500 over the same periods. 89% of those episodes were profitable after one year. After 24 months, the average return was +40.6% vs +25.2% 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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices PSA would reach each dislocation threshold.
Dislocation Price Levels
Prices where PSA's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-28.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $287.11 | Unusually cheap — analysis point |
| Value | +1σ | $311.60 | Cheap vs. own history |
| Fair Value | +0σ | $340.66 | Historical mean behavior |
| Expensive | -1σ | $375.69 | Expensive vs. own history |
| Deep Expensive | -2σ | $418.76 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-29 | $2.53 | $2.45 | -2.9% |
| 2026-04-27 | $2.42 | $2.47 | +2.2% |
| 2026-02-12 | $2.49 | $2.61 | +4.6% |
| 2025-10-29 | $2.54 | $2.62 | +3.1% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
the write-ups I read Simply Wall St · Visual company reports and write-ups. Free tier covers five reports a month. referral
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from PSA's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
PSA has crossed below its 200-week MA 26 times with an average 1-year return of +21.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1981 | Jan 1982 | 12 | 6.0% | +15.6% | +16036.5% |
| Feb 1982 | Mar 1982 | 7 | 7.7% | +35.4% | +16036.5% |
| Aug 1982 | Aug 1982 | 1 | 0.2% | +32.7% | +15707.1% |
| May 1986 | May 1989 | 156 | 38.6% | -10.2% | +12097.6% |
| Dec 1989 | Oct 1991 | 97 | 35.0% | -36.9% | +13587.9% |
| Oct 1999 | Jul 2000 | 39 | 13.7% | +4.8% | +3413.6% |
| Aug 2000 | Sep 2000 | 2 | 2.0% | +52.2% | +3248.2% |
| Sep 2000 | Dec 2000 | 12 | 10.2% | +47.1% | +3204.6% |
| Oct 2008 | Oct 2008 | 1 | 6.2% | +11.1% | +723.1% |
| Nov 2008 | Dec 2008 | 5 | 20.2% | +29.3% | +795.5% |
| Jan 2009 | Nov 2009 | 43 | 34.9% | +24.1% | +766.4% |
| Jan 2018 | Mar 2018 | 8 | 5.5% | +7.7% | +118.6% |
| Mar 2018 | Mar 2018 | 1 | 2.1% | +19.4% | +116.9% |
| Apr 2018 | Apr 2018 | 2 | 2.8% | +16.7% | +112.3% |
| Oct 2018 | Nov 2018 | 5 | 2.5% | +28.4% | +106.5% |
| Dec 2018 | Jan 2019 | 2 | 2.6% | +12.6% | +107.1% |
| Feb 2019 | Feb 2019 | 1 | 1.0% | +16.2% | +102.4% |
| Mar 2020 | May 2020 | 10 | 15.4% | +41.5% | +127.3% |
| Jun 2020 | Jul 2020 | 7 | 6.9% | +54.6% | +96.1% |
| Oct 2023 | Nov 2023 | 6 | 7.1% | +43.3% | +33.1% |
| Apr 2024 | Apr 2024 | 2 | 2.8% | +18.2% | +25.7% |
| Apr 2025 | Apr 2025 | 1 | 0.8% | +9.7% | +12.3% |
| Jul 2025 | Aug 2025 | 2 | 1.2% | +21.1% | +11.8% |
| Sep 2025 | Sep 2025 | 1 | 0.4% | +10.6% | +10.6% |
| Oct 2025 | Jan 2026 | 10 | 6.2% | N/A | +10.8% |
| Mar 2026 | Mar 2026 | 2 | 2.3% | N/A | +13.7% |
| Average | 17 | — | +21.1% | — |
Frequently Asked Questions
Is PSA below its 200-week moving average?
No. Public Storage (PSA) is currently 8.8% above its 200-week moving average of $272.21. It would need to fall to $272.21 to cross below the line.
What is PSA's 200-week moving average price?
Public Storage's 200-week moving average is $272.21 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when PSA drops below its 200-week moving average?
PSA has crossed below its 200-week moving average 26 times in our data. On average, buying at that moment produced a one-year return of +21.1%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is PSA a good value right now?
Here's what our data says about PSA as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 34. Free cash flow yield is 4.2%. Return on equity is 21.9%. Price-to-book is 10.8x. This is not a buy or sell recommendation — always do your own research.
How does PSA compare to the S&P 500?
Over the past 33.8 years, $100 invested in PSA would have grown to $11657, compared to $3167 for the S&P 500. That's 15.1% annualized vs 10.8% for the index. PSA has outperformed the broader market over this period.
Does PSA pay a dividend?
Yes. Public Storage currently pays a dividend yield of 405.00%.
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 week of 2026-09-18