EXR vs PSA

Extra Space Storage and Public Storage, both Real Estate

Public Storage is the larger company at $56B against $32B. On trailing earnings PSA is the cheaper of the two at a P/E of 30.3 against 31.8, a gap that is only a bargain if the two are growing at similar rates. Over the past year PSA returned +17% against +9.2% for EXR. Ryufin's sector-relative Smart Score puts PSA ahead, 7/10 against 5/10.

Extra Space Storage and Public Storagecompared on valuation, return and Ryufin’s Smart Score
FigureEXRPSA
Last close$144$317
Market cap$32B$56B
Trailing P/Elower is cheaper for the same earnings, not automatically better31.830.3
Dividend yield4.5%3.8%
1-year return+9.2%+17%
5-year return+1.0%+26%
Ryufin Smart Scoresector-relative, 1–105/107/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Extra Space Storage

Revenue of $874M in Q2 2026, net income $263M. Its largest reported line is Self Storage Operations, 89% of the disclosed total.

Public Storage

Revenue of $1.2B in Q2 2026, net income $500M. Its largest reported line is Self Storage Operations, 93% of the disclosed total.

Open these two in the interactive comparison to add more names, change the period or read the correlation.