Ratios

		vs industry	vs history
P/E(ttm)	40.80	PSA's P/E(ttm) is ranked lower than 59% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 26.15 vs. PSA: 40.80 )	PSA' s 10-Year P/E(ttm) Range Min: 13.17   Max: 303.78 Current: 40.8 13.17 303.78
P/B	3.55	PSA's P/B is ranked lower than 90% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 1.30 vs. PSA: 3.55 )	PSA' s 10-Year P/B Range Min: 0.74   Max: 3.34 Current: 3.55 0.74 3.34
P/S	15.42	PSA's P/S is ranked lower than 95% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 6.20 vs. PSA: 15.42 )	PSA' s 10-Year P/S Range Min: 3.83   Max: 15.42 Current: 15.42 3.83 15.42
PFCF	22.94	PSA's PFCF is ranked higher than 55% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 25.77 vs. PSA: 22.94 )	PSA' s 10-Year PFCF Range Min: 5.44   Max: 37.55 Current: 22.94 5.44 37.55
EV-to-EBIT	35.06	PSA's EV-to-EBIT is ranked higher than 82% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 28.60 vs. PSA: 35.06 )	PSA' s 10-Year EV-to-EBIT Range Min: 12.2   Max: 79.2 Current: 35.06 12.2 79.2
PEG	11.03	PSA's PEG is ranked higher than 95% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 2.00 vs. PSA: 11.03 )	PSA' s 10-Year PEG Range Min: 0.83   Max: 81.81 Current: 11.03 0.83 81.81
Shiller P/E	48.97	PSA's Shiller P/E is ranked higher than 57% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 10.60 vs. PSA: 48.97 )	PSA' s 10-Year Shiller P/E Range Min: 25.3   Max: 80.86 Current: 48.97 25.3 80.86

Dividend & Buy Back

		vs industry	vs history
Dividend Yield	2.72	PSA's Dividend Yield is ranked lower than 86% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 4.40 vs. PSA: 2.72 )	PSA' s 10-Year Dividend Yield Range Min: 1.78   Max: 6.21 Current: 2.72 1.78 6.21
Dividend Payout	0.9	PSA's Dividend Payout is ranked higher than 85% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 1.24 vs. PSA: 0.9 )	PSA' s 10-Year Dividend Payout Range Min: 0.39   Max: 0.92 Current: 0.9 0.39 0.92
Dividend growth (3y)	18.9	PSA's Dividend growth (3y) is ranked higher than 97% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: -8.45 vs. PSA: 18.9 )	PSA' s 10-Year Dividend growth (3y) Range Min: 1.4   Max: 19.6 Current: 18.9 1.4 19.6
Yield on cost (5-Year)	6.95	PSA's Yield on cost (5-Year) is ranked lower than 72% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 4.00 vs. PSA: 6.95 )	PSA' s 10-Year Yield on cost (5-Year) Range Min: 4.58   Max: 15.97 Current: 6.95 4.58 15.97
Share Buyback Rate	-0.4	PSA's Share Buyback Rate is ranked higher than 90% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: -7.50 vs. PSA: -0.4 )	PSA' s 10-Year Share Buyback Rate Range Min: 1   Max: -7.2 Current: -0.4

Valuation & Return

		vs industry	vs history
Price/Tangible Book	3.7	PSA's Price/Tangible Book is ranked higher than 91% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 1.30 vs. PSA: 3.7 )	PSA' s 10-Year Price/Tangible Book Range Min: 0.9   Max: 3.2 Current: 3.7 0.9 3.2
Price/DCF (Projected)	1.8	PSA's Price/DCF (Projected) is ranked higher than 71% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 2.20 vs. PSA: 1.8 )	PSA' s 10-Year Price/DCF (Projected) Range Min: 0.6   Max: 1.6 Current: 1.8 0.6 1.6
Price/Median PS Value	2.1	PSA's Price/Median PS Value is ranked higher than 89% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 1.10 vs. PSA: 2.1 )	PSA' s 10-Year Price/Median PS Value Range Min: 0.6   Max: 1.8 Current: 2.1 0.6 1.8
Price/Graham Number	2.2	PSA's Price/Graham Number is ranked higher than 73% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 1.30 vs. PSA: 2.2 )	PSA' s 10-Year Price/Graham Number Range Min: 0.7   Max: 1.9 Current: 2.2 0.7 1.9
Earnings Yield (Greenblatt)	2.90	PSA's Earnings Yield (Greenblatt) is ranked lower than 82% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: 2.60 vs. PSA: 2.90 )	PSA' s 10-Year Earnings Yield (Greenblatt) Range Min: 1.3   Max: 8.2 Current: 2.9 1.3 8.2
Forward Rate of Return (Yacktman)	5.74	PSA's Forward Rate of Return (Yacktman) is ranked higher than 86% of the 249 Companies in the Global REIT - Industrial industry. ( Industry Median: -7.64 vs. PSA: 5.74 )	PSA' s 10-Year Forward Rate of Return (Yacktman) Range Min: 4.2   Max: 44.1 Current: 5.74 4.2 44.1

Business Description

Public Storage was organized in 1980. The Company's principal business activities include the acquisition, development, ownership and operation of self-storage facilities which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use. The Company is the owner and operator of self-storage facilities in the United States and also have an equity interest in Shurgard Europe, a private company and an equity interest in PS Business Parks, Inc. whose business activities primarily include the ownership and operations of commercial properties. At December 31, 2009, the Company operates within three reportable segments described below: (i) Domestic Self-Storage, (ii) Europe Self-Storage and (iii) Commercial. The Domestic Self-Storage segment, at December 31, 2009, includes the Company's direct and indirect equity interests in 2,010 self-storage facilities (127 million net rentable square feet of space) located in 38 states within the U.S. operating under the "Public Storage" brand name. The Europe Self-Storage segment, at December 31, 2009, comprises company's 49% equity interest in Shurgard Europe which owns 187 self-storage facilities located in seven countries in Europe which operate under the "Shurgard Storage Centers" brand name and manages one facility located in the United Kingdom. The Commercial segment, at December 31, 2009, includes direct and indirect equity interests in approximately 21 million net rentable square feet of commercial space located in 11 states in the U.S., including our 41% ownership interest in PS Business Parks, Inc. a publicly traded REIT whose common stock trades on the New York Stock Exchange under the symbol "PSB". The Company's business is subject to regulation under a variety of U.S. federal, state and local laws, regulations and policies including those imposed by the SEC.
Company Website
SEC Reports

Industry:	REIT - Industrial
Compare:	EGP, EXR, CUBE, FR, PCH
Traded in other countries:	PUP.Germany

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