American Tower (REIT) (AMT) vs Public Storage (PSA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Public Storage (PSA) has outperformed American Tower (REIT) (AMT) over the past year, losing 3.9% versus a loss of 11.1%. Over five years, PSA leads with a -11.7% price change compared with -38.3% for AMT. American Tower (REIT) is the larger company by market cap ($77.43 billion vs $52.69 billion), about 1.5 times the size.
On valuation, American Tower (REIT) trades at a lower forward P/E (23.7x vs 28.6x for Public Storage). Public Storage offers the higher dividend yield (4.26% vs 4.20%). Public Storage converts more of its revenue into profit, with a net margin of 37.0% versus 24.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMT | PSA |
|---|---|---|
| Share price | $166.18 | $281.99 |
| Market cap | $77.43B | $52.69B |
| 1-day change | +0.85% | -1.35% |
| YTD return | -5.35% | +8.67% |
| 1-year return | -11.12% | -3.93% |
| 5-year return | -38.30% | -11.72% |
| P/E ratio (TTM) | 22.67 | 27.30 |
| Forward P/E | 23.71 | 28.62 |
| EPS (TTM) | $7.33 | $10.33 |
| Dividend yield | 4.20% | 4.26% |
| Annual dividend | $6.98 | $12.00 |
| Revenue (latest FY) | $10.64B | $4.82B |
| Revenue growth (YoY) | +5.11% | +2.74% |
| Net income (latest FY) | $2.63B | $1.78B |
| Operating margin | 45.52% | — |
| Net margin | 24.69% | 36.99% |
| 52-week high | $196.08 | $335.55 |
| 52-week low | $160.06 | $256.54 |
| Distance from 52-week high | -15.25% | -15.96% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +29.82% | +18.82% |
| Average volume | 2.62M | 978.28K |
| Shares outstanding | 465.96M | 186.85M |
| Employees | 4,866 | 5,770 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Public Storage is more profitable, keeping 37.0 cents of every revenue dollar as net income versus 24.7 cents for American Tower (REIT).
About American Tower (REIT)
AMT stock →American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
Real Estate · Real Estate Investment Trusts · 4,866 employees
About Public Storage
PSA stock →Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, The firm: (i) owned and/or operated 3,584 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand.
Real Estate · Real Estate Investment Trusts · 5,770 employees
AMT vs PSA FAQ
Which is bigger, American Tower (REIT) or Public Storage?
American Tower (REIT) (AMT) is larger, with a market capitalization of $77.43B compared with $52.69B for Public Storage (PSA).
Which stock has performed better over the past year, AMT or PSA?
PSA returned -3.93% over the past 12 months, compared with -11.12% for AMT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMT or PSA?
AMT has the lower trailing P/E at 22.7, versus 27.3 for PSA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, American Tower (REIT) or Public Storage?
Public Storage has the higher yield at 4.26%, compared with 4.20% for American Tower (REIT).
Are American Tower (REIT) and Public Storage in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.