Quality score · PSA · Real Estate

Is Public Storage a quality business?

Public Storage (PSA) scored on five pillars from its reported financial statements, and ranked against 84 Real Estate companies.

6.4/ 10
Solid quality
as of October 19, 2026
Profitability
9.1 Strong
Solvency
5.6 Average
Growth
4.2 Average
Efficiency
7.9 Strong
Predictability
5.0 Average
Strongest pillar: Profitability · Weakest: Growth

Public Storage (PSA) scores 6.4 out of 10 as of , computed from its reported financial statements. That reads as solid quality. The reading rests on profitability, and growth is what holds it back.

Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.

Does Public Storage have an economic moat?

Not enough data

We cannot judge Public Storage yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.

Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →

How Public Storage scores

Public Storage (PSA) has a Lemma Quality Score of 6.4 out of 10 as of October 19, 2026, which reads as solid quality. A solid reading is a respectable business with clear strengths and at least one area that falls short of the best in its field. Five pillars feed it, and every one of them is computed from what the company reported rather than from its share price.

Among the 84 Real Estate companies with a published score, that ranks at the 89th percentile, inside the top quarter of the group. A typical company in the group scores 5.2, and the best quarter starts from 5.9. Public Storage is above that typical reading.

Pillar by pillar

Profitability

Public Storage’s profitability score is 9.1 out of 10 (strong). Against a median of 4.8 among 80 Real Estate companies, that is well above the group and the 99th percentile. A reading this strong says the business earns well on what it sells and on the capital it uses, the kind of margin profile competitors find hard to copy.

Solvency

Public Storage’s solvency score is 5.6 out of 10 (average). Against a median of 3.7 among 34 Real Estate companies, that is well above the group and the 79th percentile. Middling solvency says the balance sheet is neither a strength nor a constraint today.

Growth

On growth, Public Storage scores 4.2, an average reading. Its peers have a median of 5.2 across 74 Real Estate companies, which places it below them, at the 32nd percentile. Growth near the median is neither a reason to buy nor a concern, but it does mean the quality case rests more on the other pillars.

Efficiency

On efficiency, Public Storage scores 7.9, a strong reading. Its peers have a median of 6.4 across 80 Real Estate companies, which places it well above them, at the 89th percentile. High efficiency means assets and earnings are being turned into cash and output better than at most peers, a sign of a well run operation.

Predictability

Public Storage’s predictability score is 5.0 out of 10 (average). Against a median of 4.9 among 83 Real Estate companies, that is in line with the group and the 57th percentile. Consistency near the median is typical, and it is worth checking whether the swings came from the business itself or from one-off items.

Strongest and weakest pillar

This is a lopsided profile. Profitability scores 9.1 but growth only 4.2, a gap of 4.9 points, so the overall hides a business that is excellent in one respect and weak in another. Leading with profitability is the most valuable kind of strength, because margins and returns are what the other pillars ultimately feed. A growth shortfall often comes with size or a maturing market, and is less of a concern if the other pillars are strong.

What would move the score

Closing the gap on growth would do the most for the overall. At the median of Real Estate companies, 5.2, Public Storage would score about 6.6 instead of 6.4. All five pillars could be scored, so the overall uses the full set of weights out of 100: profitability 25, solvency 20, growth 20, efficiency 15, predictability 20.

Public Storage and similar companies

These are the Real Estate companies closest to Public Storage in market value. Each has its own page scored on the same five pillars, so the comparison is like for like.

What each pillar measures

Profitability

9.1 / 10

How much profit the company generates from its capital and sales.

Solvency

5.6 / 10

The company’s ability to service debt and meet its obligations.

Growth

4.2 / 10

How fast revenue, earnings and cash flow are compounding.

Efficiency

7.9 / 10

How well assets and earnings convert into cash and output.

Predictability

5.0 / 10

How stable and consistent results have been over time.

How this score is calculated

Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.

Limitations

This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.

Educational only. Not investment advice.

FAQ

Is Public Storage a quality business?

On this reading Public Storage scores 6.4 out of 10, which reads as solid quality. Its strongest pillar is profitability, its weakest is growth. Quality is not the same as a good investment: the score says nothing about the price you would pay.

How does Public Storage compare with other Real Estate companies?

Public Storage ranks at the 89th percentile of the 84 Real Estate companies Lemma publishes a score for. The median there is 5.2 and the top quarter starts at 5.9, against Public Storage’s 6.4.

What does the PSA quality score measure?

Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.

How current is this score?

This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for PSA are in the app.

Does a high score mean the stock is cheap?

No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.

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Score any company, not just these.

Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.

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