◆ Preferred Stock Research

PSA-P-P

Public Storage · Series P · REIT - Diversified
Also quoted as: PSA-P, PSAprP, PSA.PRP, PSA-PP, PSApP
$15.80
last price

Key Stats ✓ terms from SEC 424B5 — verify via link below

Current Yield
6.33%
Yield to Call
Yield to Worst
6.33%
Coupon (est.)
4.000%
Liq. Preference
$25.00
Prem/Disc to Par
-36.80%
Annual Dividend
$1.0000
Pay Frequency
quarterly
Call Date
2026-06-30
Maturity
Perpetual
Cumulative
Yes
Redeemable
Yes
Convertible
No
Pay Dates
March 31, June 30, September 30, December 31

vs. REIT - Diversified category (115 issues): yield 6.33% vs avg 8.25% · discount -36.8% vs avg -18.6%

Quote

 PSA-P-P (preferred)PSA (common)
Last $15.80 $325.94
Change +0.00 (+0.00%) +1.23 (+0.38%)
Open$15.85$325.52
High / Low $15.86 / $15.78 $328.57 / $323.99
Prev Close$15.80$324.71
Volume55,283876,142
52-Week High / Low $17.52 / $15.07 $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-P PSA (common)

Dividend History

Ex-DateAmount / Share
2026-03-16$0.250000
2025-12-15$0.250000
2025-09-15$0.250000
2025-06-12$0.250000
2025-03-13$0.250000
2024-12-13$0.250000
2024-09-13$0.250000
2024-06-12$0.250000
2024-03-12$0.250000
2023-12-12$0.250000
2023-09-12$0.250000
2023-06-13$0.250000

Performance

See what an investment would be worth today, dividends reinvested. Run the $10K calculator for PSA-P-P →

Prospectus (SEC 424B5)

We are selling depositary shares (the "Depositary Shares") each representing 1/1,000 of a % Cumulative Preferred Share of Beneficial Interest, Series P (the "Preferred Shares"). The Preferred Shares represented by the Depositary Shares will be deposited with Computershare Trust Company, N. A., as depositary.

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 the company's 5.125% Cumulative Preferred Shares, Series C.

Full Prospectus (SEC filing) →

Other Securities from Public Storage

SymbolTypeCouponPriceYield
PSA-P-F preferred 6.450% 20.29 6.35%
PSA-P-G preferred 5.050% 20.03 6.30%
PSA-P-H preferred 5.600% 21.83 6.41%
PSA-P-I preferred 4.875% 19.16 6.36%
PSA-P-J preferred 4.700% 18.31 6.42%
PSA-P-K preferred 4.750% 18.60 6.38%
PSA-P-L preferred 4.625% 18.17 6.36%
PSA-P-M preferred 4.125% 16.04 6.43%
PSA-P-N preferred 3.875% 15.15 6.39%
PSA-P-O preferred 3.900% 15.20 6.41%
PSA-P-Q preferred 3.950% 15.35 6.43%
PSA-P-R preferred 4.000% 15.80 6.33%
PSA-P-S preferred 4.100% 16.07 6.38%

About Public Storage

Cautionary Statement Regarding Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements relating to our 2026 guidance and all underlying assumptions, our expected acquisition, disposition, development, and redevelopment activity, supply and demand for our self-storage facilities, information relating to operating trends in our markets, expectations regarding operating expenses, including property tax changes, expectations regarding the impacts from inflation and changes in macroeconomic conditions, our strategic priorities, expectations with respect to financing activities, rental rates, zoning, cap rates, and yields, leasing expectations, our credit ratings, and all other statements other than statements of historical fact. Such statements are based on management’s beliefs and assumptions made based on information currently available to management and may be identified by the use of the words “outlook,” “guidance,” “expects,” “believes,” “anticipates,” “should,” “estimates,” and similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results and performance to be materially different from those expressed or implied in the forward-looking statements.

https://www.publicstorage.com

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