Public Storage Preferred Stock Offers High-Yield Returns

2026-03-07 11:35:00 ET

Introduction

Public Storage ( PSA ) is a large REIT, focusing on self-storage activities. The REIT owns more than 3,500 self-storage facilities in the United States for a total of almost 260 million net rentable square feet. The REIT also owns a 35% stake in Shurgard Self Storage ( SSSAF ) . The common shares are pretty expensive after their recent 15% increase, but the REIT’s preferred equity could be an interesting idea for income-focused investors, as they offer yields in excess of 6%. My last coverage on PSA was in November 2025. ...

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