Data as of the October 19, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
Public Storage (PSA) and Extra Space Storage (EXR) are both self-storage REITs, classed as Self-Storage on REIT Rankings. Here is how they compare on verified numbers as of the October 19, 2026 close, from dividends and debt to rate sensitivity and returns this year.
| Measure | Public Storage (PSA) | Extra Space Storage (EXR) |
|---|---|---|
| Share price | $295.69 | $138.18 |
| Market cap | $51.9B | $29.2B |
| Dividend yield | 4.06% | 4.69% |
| Annual dividend per share | $12.00 | $6.48 |
| Pays | Quarterly | Quarterly |
| Dividend growth per year, 2020 to 2025 | 8.4% | 12.5% |
| Dividend increase in 2026 (confirmed in filings) | No increase | No increase |
| Liabilities to assets | 53.8% (June 30) | 52.2% (June 30) |
| Revenue growth, latest quarter vs a year earlier | +2.6% | +3.9% |
| Price change year to date | +13.9% | +6.1% |
| Price change since Sept. 15 | -0.3% | +0.6% |
| 52-week range (closing) | $258.44 to $330.47 | $126.69 to $152.85 |
| Typical move per 0.25-point rise in the 10-year yield | -4.7% | -4.6% |
| REIT Rankings grade | A 85 | B 78 |
| Third-quarter 2026 results | Not yet filed; page updates when it is | Not yet filed; page updates when it is |
Who Leads on Each Measure
| Measure | Leader |
|---|---|
| Higher dividend yield | Extra Space Storage |
| Faster five-year dividend growth | Extra Space Storage |
| Lower leverage | Extra Space Storage |
| Less sensitive to rising rates | Extra Space Storage |
| Better price change this year | Public Storage |
| Higher REIT Rankings grade | Public Storage |
Where They Differ
Extra Space Storage pays the higher yield, 4.69% against 4.06% for Public Storage. This year Public Storage shares have moved +13.9% and Extra Space Storage shares +6.1%.
Read the full profiles for portfolio, tenant and balance sheet detail: Public Storage and Extra Space Storage.
How These Numbers Are Checked
Prices, returns and 52-week ranges are computed separately from Nasdaq and Cboe records and must agree. Dividend rates are checked against the per-share dividends in each company’s latest 10-Q, growth streaks against their 10-K filings, and leverage and revenue come from the balance sheets and income statements filed with the SEC. Third-quarter results replace the latest-quarter figures as soon as each company files. How we verify data.
Frequently Asked Questions
Which pays a higher dividend, PSA or EXR?
Public Storage yields 4.06% and pays $12.00 a share a year (quarterly); Extra Space Storage yields 4.69% and pays $6.48 (quarterly), as of October 19, 2026.
Which has raised its dividend longer, PSA or EXR?
Public Storage: streak not yet verified; Extra Space Storage: streak not yet verified. Five-year dividend growth: 8.4% for Public Storage and 12.5% for Extra Space Storage.
Which has more debt, PSA or EXR?
On the latest balance sheets, Public Storage’s liabilities equal 53.8% of total assets and Extra Space Storage’s equal 52.2%. Book leverage is one measure; debt maturities and interest coverage matter too.
Which is more sensitive to interest rates, PSA or EXR?
Over the past year, Public Storage has typically moved -4.7% and Extra Space Storage -4.6% for each 0.25-point rise in the 10-year Treasury yield. Since September 15, 2026, Public Storage has moved -0.3% and Extra Space Storage +0.6%.
Is PSA or EXR the better investment?
REIT Rankings does not make buy, sell or hold calls. On our grades, which measure dividend safety, balance sheet, portfolio, growth and valuation, Public Storage scores 85 and Extra Space Storage scores 78, so Public Storage rates higher on business quality. Which suits you depends on whether you value current yield, dividend growth or lower rate risk more.
Related Pages
Best Self-Storage REITs · Extra Space Storage vs. CubeSmart · Public Storage vs. CubeSmart · All REIT comparisons
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.