Valued at a market cap of $53 billion, Public Storage (PSA) is a real estate investment trust (REIT) based in Glendale, California. It primarily acquires, develops, owns, and operates self-storage facilities.
This self-storage REIT has trailed behind the broader market over the past 52 weeks. Shares of PSA have gained 1.6% over this time frame, while the broader S&P 500 Index ($SPX) has soared 11.9%. However, on a YTD basis, the stock is up 16.4%, notably outpacing SPX’s slight drop.
