Public Storage (NYSE:PSA) stands as a prominent real estate investment trust (REIT) specializing in the acquisition, development, ownership, and management of self-storage properties, making it a compelling consideration for investors focused on stable income streams in retirement.
As of June 30, 2025, this industry leader boasted an impressive portfolio, operating 3,432 self-storage facilities spread across 40 US states. This vast network collectively represents approximately 250 million net rentable square feet, underscoring Public Storage’s significant domestic market presence within the expansive self-storage sector.
Beyond its robust US operations, Public Storage extends its influence internationally through a substantial 35% equity stake in Shurgard Self Storage Limited, a key player listed on Euronext Brussels. Shurgard oversees 321 self-storage facilities across seven Western European countries, contributing roughly 18 million net rentable square feet under the well-recognized Shurgard brand.
The company demonstrated a robust financial standing in the second quarter of 2025, reporting a substantial increase in its cash position. Public Storage concluded the quarter with over $1.1 billion in cash and cash equivalents, a notable jump from $447.4 million recorded at the end of December 2024, reflecting strong liquidity and financial health.
A cornerstone of Public Storage’s appeal for long-term investors lies in its consistent dividend history. While the company does not maintain an uninterrupted dividend growth streak, it has reliably distributed regular dividends to its shareholders since 1996, highlighting its commitment to returning value. Currently, PSA stock offers a quarterly dividend of $3.00 per share, translating to a competitive dividend yield of 4.16% as of July 30, positioning it favorably for dividend investing strategies.
For those engaged in retirement planning, Public Storage presents an attractive profile due to its consistent payouts and its position as a leading REIT in the stable self-storage sector. The company’s operational scale and disciplined financial management contribute to its reliability as an income-generating asset, a crucial factor for building resilient retirement portfolios.
While other investment avenues may offer different growth trajectories, the inherent stability and consistent income generation capabilities of Public Storage in the REITs space continue to make it a noteworthy contender for individuals prioritizing reliable income streams for their financial future.
