ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Public Storage's annualizedNet Income for the quarter that ended in Mar. 2026 was €1,821 Mil.
Public Storage's average Total Assets over the quarter that ended in Mar. 2026 was €17,214 Mil. Therefore, Public Storage's annualized ROA % for the quarter that ended in Mar. 2026 was 10.58%.
The historical rank and industry rank for Public Storage's ROA % or its related term are showing as below:
STU:PUP'
s ROA % Range Over the Past 10 Years
Min: 8.93 Med: 13.51 Max: 24.9
Current: 9.48
During the past 13 years, Public Storage's highest ROA % was 24.90%. The lowest was 8.93%. And the median was 13.51%.
STU:PUP's ROA % is ranked better than 83.8% of 938
companies
in the REITs industry
Industry Median: 3.22
vs STU:PUP: 9.48
Public Storage (STU:PUP) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Public Storage ROA % Related Terms
Public Storage ROA % Historical Data
* Premium members only.
The historical data trend for Public Storage's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Industrial subindustry, Public Storage's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Public Storage ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Public Storage's ROA % distribution charts can be found below:
* The bar in red indicates where Public Storage's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Public Storage (STU:PUP) has a ROA % of 10.58% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Public Storage and its competitors. This is 22% below median its historical median of 13.51. Over the past decade, Public Storage's ROA % has ranged from 8.93 to 24.90. According to the industry distribution chart, Public Storage ranks #152 out of 938 companies in the REITs industry, placing it in the top 16.2%.
Is Public Storage's ROA % too high?
Public Storage's current ROA % of 10.58% is 22% below median its 10-year median of 13.51. Over the past 10 years, this metric has ranged from a low of 8.93 to a high of 24.90. The REITs industry median ROA % is 3.22. Public Storage's value of 10.58% is 228.6% above this industry median. Based on the distribution chart, Public Storage ranks #152 out of 938 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Public Storage has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Public Storage's ROA % compare to EXR and EGP?
According to the REITs industry distribution chart, Public Storage ranks #152 out of 938 companies for ROA %. This places Public Storage in the top 16% of its industry — outperforming the majority of peers. The industry median ROA % is 3.22. Public Storage's value of 10.58% is 228.6% above this benchmark. Historically, Public Storage's own ROA % has ranged from 8.93 to 24.90 over the past decade. While the company's 10-year median is 13.51 vs. the industry median of 3.22, Public Storage has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a REITs company?
The median ROA % among REITs companies is 3.22, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Public Storage's current ROA % of 10.58% is 228.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Public Storage and its competitors. For the REITs industry, the median ROA % is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Storage's current ROA % is 10.58%, which is 22% below median its own 10-year median of 13.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Public Storage stock overvalued right now?
Public Storage (STU:PUP) has a current ROA % of 10.58%. The stock's GF Value™ is €269.35, compared to a current price of €284.40 — trading 5.6% above its estimated fair value. The current ROA % is 10.58%, which is 22% below median its 10-year median of 13.51 and 228.6% above the REITs industry median of 3.22. Public Storage's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Public Storage (STU:PUP), the current ROA % is 10.58% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Public Storage (STU:PUP) Overvalued in 2026?
Based on GuruFocus' analysis, Public Storage stock appears to be overvalued.
The current stock price of €284.40 is trading 5.6% above its estimated GF Value™ of €269.35.
Key valuation signals for STU:PUP:
ROA %: 10.58% (22% below median its 10-year median of 13.51)
GF Value™: €269.35 vs. price of €284.40 (5.6% above fair value)
Industry Position: 228.6% above the REITs median (#152 of 938)
No single metric tells the full story. See the STU:PUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 258 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.
87GF Score
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