REIT
Public Storage (PSA)
Public Storage trades as PSA on NYSE. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.
Price as of Aug 25, 2026 (7 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.
The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.
Our stored payment history for PSA begins in 1985. There is no current run of increases to report: either the most recent complete calendar year did not pay more than the year before it, or there is no earlier complete year in our history to compare it with.
A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.
What PSA is
PSA is a real estate investment trust: a company that owns or finances property and distributes the large majority of its taxable income to shareholders each year in exchange for paying little or no corporate tax on it. The distribution is therefore a structural obligation rather than a discretionary dividend, which is why REIT yields sit above the broad market's.
Because depreciation makes GAAP earnings a poor description of a property company, REITs are usually judged on funds from operations rather than net income. REIT distributions are mostly taxed as ordinary income and can include return of capital, so they are generally not qualified dividends. Read how REITs work.
Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.
Payment history
Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.
The table lists the 24 most recent recorded dividends for PSA, newest first, with ex-dates running from Mar 15, 2021 to Sep 15, 2026. The latest is $3.00 per share in USD, ex-date Sep 15, 2026, pay date Oct 06, 2026. Measured against the nearest payment about a year earlier, 5 are higher, 0 lower and 19 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.
How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.
| Ex-dateOwn it before this day and this payment is yours. | Pay date | Amount per shareWhat one share received on that date, before tax. | Cadence tagged by provider | Type | vs. a year earlier |
|---|---|---|---|---|---|
| Sep 15, 2026 | Oct 06, 2026 | $3.0000 | Quarterly | Regular | 0.00% |
| Jun 15, 2026 | Jun 30, 2026 | $3.0000 | Quarterly | Regular | 0.00% |
| Mar 16, 2026 | Mar 31, 2026 | $3.0000 | Quarterly | Regular | 0.00% |
| Dec 15, 2025 | Dec 30, 2025 | $3.0000 | Quarterly | Regular | 0.00% |
| Sep 15, 2025 | Sep 30, 2025 | $3.0000 | Quarterly | Regular | 0.00% |
| Jun 12, 2025 | Jun 27, 2025 | $3.0000 | Quarterly | Regular | 0.00% |
| Mar 13, 2025 | Mar 28, 2025 | $3.0000 | Quarterly | Regular | 0.00% |
| Dec 13, 2024 | Dec 30, 2024 | $3.0000 | Quarterly | Regular | 0.00% |
| Sep 13, 2024 | Sep 30, 2024 | $3.0000 | Quarterly | Regular | 0.00% |
| Jun 12, 2024 | Jun 27, 2024 | $3.0000 | Quarterly | Regular | 0.00% |
| Mar 12, 2024 | Mar 28, 2024 | $3.0000 | Quarterly | Regular | 0.00% |
| Dec 12, 2023 | Dec 28, 2023 | $3.0000 | Quarterly | Regular | +50.00% |
| Sep 12, 2023 | Sep 28, 2023 | $3.0000 | Quarterly | Regular | +50.00% |
| Jun 13, 2023 | Jun 29, 2023 | $3.0000 | Quarterly | Regular | +50.00% |
| Mar 14, 2023 | Mar 30, 2023 | $3.0000 | Quarterly | Regular | +50.00% |
| Dec 13, 2022 | Dec 29, 2022 | $2.0000 | Quarterly | Regular | 0.00% |
| Sep 13, 2022 | Sep 29, 2022 | $2.0000 | Quarterly | Regular | 0.00% |
| Jul 29, 2022 | Aug 04, 2022 | $13.1500 | Untagged | Regular | +557.50% |
| Jun 14, 2022 | Jun 30, 2022 | $2.0000 | Quarterly | Regular | 0.00% |
| Mar 15, 2022 | Mar 31, 2022 | $2.0000 | Quarterly | Regular | 0.00% |
| Dec 14, 2021 | Dec 30, 2021 | $2.0000 | Quarterly | Regular | 0.00% |
| Sep 14, 2021 | Sep 30, 2021 | $2.0000 | Quarterly | Regular | 0.00% |
| Jun 14, 2021 | Jun 30, 2021 | $2.0000 | Quarterly | Regular | 0.00% |
| Mar 15, 2021 | Mar 31, 2021 | $2.0000 | Quarterly | Regular | 0.00% |
The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.
A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.
Dividends by calendar year
Calendar-year totals, bucketed by ex-dividend date: every regular dividend whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual dividend figure.
The chart covers 10 complete calendar years for PSA, 2016 to 2025, per share, in USD. Each bar totals the regular dividends with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own dividend year. Our stored payment history for PSA begins in 1985. The total went from $7.30 in 2016 to $12.00 in 2025 — 64% higher. Within that span 3 years were higher than the year before and 1 lower. The three most recent years shown are 2023 $12.00, 2024 $12.00 and 2025 $12.00. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. 1 of the years shown does not hold the 4 dividends the recorded cadence implies: 2022 (5 payments). Those years are marked on the chart and named in the table. A year with one more or one fewer payment than the cadence implies is usually a payment whose ex-dividend date moved across a year end rather than a change in the payment itself: the payment lands in the neighbouring calendar year, so one year reads high and the next reads low while the rate never moved. The change-on-the-year-before column carries the same distortion, because it compares two totals rather than two payment rates. These totals are arithmetically right for what they measure — regular dividends bucketed by ex-dividend date — but they are not the annual dividend the issuer reports for that year, and where the two disagree the issuer's own published dividend history is the authority.
Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.
| Year | Paid per share that yearEvery regular payment dated in that year, added up, for one share. | Payments in the yearA count that differs from the usual one means a payment moved across a year end. | Change on the year before |
|---|---|---|---|
| 2016 | $7.30 | 4 | +12.31% |
| 2017 | $8.00 | 4 | +9.59% |
| 2018 | $8.00 | 4 | 0.00% |
| 2019 | $8.00 | 4 | 0.00% |
| 2020 | $8.00 | 4 | 0.00% |
| 2021 | $8.00 | 4 | 0.00% |
| 2022 | $21.15 | 5 — cadence implies 4 | +164.37% |
| 2023 | $12.00 | 4 | -43.26% |
| 2024 | $12.00 | 4 | 0.00% |
| 2025 | $12.00 | 4 | 0.00% |
Similar securities
The eight closest reit entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.
These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.
| Ticker | Name | Price | Trailing 12m yieldCash paid out over the last year, over today's price. | Paid over 12 months | Pays |
|---|---|---|---|---|---|
| UE | Urban Edge Properties | $21.72 | 3.68% | $0.80 | Quarterly |
| STAG | STAG Industrial, Inc. | $37.10 | 3.76% | $1.40 | Monthly |
| AKR | Acadia Realty Trust | $21.24 | 3.77% | $0.80 | Quarterly |
| SLG | SL Green Realty Corp. | $59.83 | 3.79% | $2.27 | Irregular |
| AMH | American Homes 4 Rent | $34.56 | 3.65% | $1.26 | Quarterly |
| CTRE | CareTrust REIT, Inc. | $39.90 | 3.63% | $1.45 | Quarterly |
| AVB | AvalonBay Communities, Inc. | $184.06 | 3.84% | $7.06 | Quarterly |
| FRT | Federal Realty Investment Trust | $117.75 | 3.84% | $4.52 | Quarterly |
Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.
Where these are traded
A CoStar-operated listing marketplace for US commercial property for sale and for lease, searchable by asset type and market.
Asking prices, not transaction prices
Visit LoopNet ↗A commercial real estate marketplace covering for-sale listings, online auctions and lease space, with broker-supplied offering memoranda.
Visit Crexi ↗An online marketplace where accredited investors commit capital to individual commercial property deals run by third-party sponsors.
Deal-level risk sits with the sponsor; the platform is not the operator
Visit CrowdStreet ↗A platform that pools retail money into non-traded real estate and credit funds, with redemptions handled through periodic windows rather than an exchange.
Share values are set by the sponsor's NAV, not by a market price
Visit Fundrise ↗Listed because they offer access to this kind of security, not as an endorsement of it.