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PSA-P-M NOW TRADING POST CALL DATE

Public Storage · Series M · REIT - Diversified
Also quoted as: PSA-M, PSAprM, PSA.PRM, PSA-PM, PSApM
$16.07
last price

About this security

PSA-P-M is a 4.125% cumulative perpetual preferred stock issued by Public Storage, a REIT - Diversified issuer. $25 liquidation preference, current yield 6.42%, callable from 2025-08-14.

Public Storage: Public Storage is a real estate investment trust (REIT) that owns and operates self-storage facilities, where it leases storage space to residential and commercial customers on a month-to-month basis. The company's business focuses on the acquisition, development, and redevelopment of self-storage properties across its markets. As one of the largest self-storage operators in the United States, Public Storage manages a substantial nationwide portfolio of facilities under a recognizable brand. ↗

Issuer page — all Public Storage securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 17:31:37 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
6.42%
Annual Dividend
$1.0312
Recent Market Price
$16.07
as of 2026-06-17
Disc/Prem to Par (→ screen)
-35.72% (−$8.93)
Recent Ex-Date
2026-06-15
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
4.125%
Call Date
2025-08-14 ⚑ callable now
Yield to Call
n/a — callable now
Yield to Worst
6.42%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
March 31, June 30, September 30, December 31
Shares Offered (original)
8,000,000 +1,200,000 OA
Issued
2020-08-14
Series
M
Alt. Symbology
PSA-M, PSAprM, PSA.PRM, PSA-PM, PSApM

vs. REIT - Diversified category (121 issues): yield 6.42% vs avg 8.14% · discount -35.7% vs avg -13.8%

Quote

 PSA-P-M (preferred)PSA (common)
Last $16.07 $325.94
Change — +1.23 (+0.38%)
Open$15.97$325.52
High / Low $16.07 / $15.97 $328.57 / $323.99
Prev Close—$324.71
Volume13,438876,142
52-Week High / Low $17.89 / $15.65 $331.79 / $256.54

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

● PSA-P-M ● PSA (common)

Dividend History

Ex-DateAmount / Share
2026-06-15$0.257800
2026-03-16$0.257800
2025-12-15$0.257800
2025-09-15$0.257800
2025-06-12$0.257813
2025-03-13$0.257813
2024-12-13$0.257813
2024-09-13$0.257813
2024-06-12$0.257813
2024-03-12$0.257813
2023-12-12$0.257813
2023-09-12$0.257813

Performance — $10K Calculator

See what an investment in PSA-P-M would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for PSA-P-M →

Prospectus (SEC 424B5)

We are selling 8,000,000 depositary shares (the "Depositary Shares") each representing 1/1,000 of a 4.125% Cumulative Preferred Share of Beneficial Interest, Series M (the "Preferred Shares").

Use of proceeds: Net proceeds will be used to make investments in self-storage facilities and entities that own them, for the development of self-storage facilities, and for general corporate purposes, including the redemption of preferred shares.

Full Prospectus (SEC filing) →

Other Securities from Public Storage

SymbolTypeCouponPriceYield
PSA-P-F preferred 5.150% 20.19 6.38%
PSA-P-G preferred 5.050% 19.94 6.33%
PSA-P-H preferred 5.600% 21.73 6.44%
PSA-P-I preferred 4.875% 18.87 6.46%
PSA-P-J preferred 4.700% 18.24 6.44%
PSA-P-K preferred 4.750% 18.55 6.40%
PSA-P-L preferred 4.625% 18.12 6.38%
PSA-P-N preferred 3.875% 15.07 6.43%
PSA-P-O preferred 3.900% 15.12 6.45%
PSA-P-P preferred 4.000% 15.69 6.37%
PSA-P-Q preferred 3.950% 15.30 6.45%
PSA-P-R preferred 4.000% 15.63 6.40%
PSA-P-S preferred 4.100% 15.99 6.41%

News — Public Storage

Issuer news via Tiingo, tagged to PSA.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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