Public Storage (NYSE:PSA)
CAPS Rating:
The Company is a fully integrated, self-administered and self-managed REIT that acquires, develops, owns and operates self-storage facilities.
The Company is a fully integrated, self-administered and self-managed REIT that acquires, develops, owns and operates self-storage facilities.
Recs
Tremendously overvalued by almost any basic valuation technique. Graham number sits at only $66 using 2012's EPS estimates. Forward PE above 20 and 5 year PEG is 3.5I understand that it is a relatively safe and predictable company but it has bounced up way too high, even with its dividend. PSA might be a well run company but it will not outperform the S&P 500 at these prices.