First Industrial Realty (FR) 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
First Industrial Realty (FR) has outperformed Public Storage (PSA) over the past year, gaining 12.6% versus a loss of 3.9%. Over five years, FR leads with a +2.7% price change compared with -11.7% for PSA. Public Storage is the larger company by market cap ($52.69 billion vs $7.97 billion), about 6.6 times the size, while First Industrial Realty is growing revenue faster (+8.6% vs +2.7%).
On valuation, Public Storage trades at a lower forward P/E (28.6x vs 30.9x for First Industrial Realty). Public Storage offers the higher dividend yield (4.26% vs 3.25%). Public Storage converts more of its revenue into profit, with a net margin of 37.0% versus 34.0%.
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 | FR | PSA |
|---|---|---|
| Share price | $58.18 | $281.99 |
| Market cap | $7.97B | $52.69B |
| 1-day change | -1.82% | -1.35% |
| YTD return | +1.59% | +8.67% |
| 1-year return | +12.62% | -3.93% |
| 5-year return | +2.72% | -11.72% |
| P/E ratio (TTM) | 21.16 | 27.30 |
| Forward P/E | 30.86 | 28.62 |
| EPS (TTM) | $2.75 | $10.33 |
| Dividend yield | 3.25% | 4.26% |
| Annual dividend | $1.89 | $12.00 |
| Revenue (latest FY) | $727.08M | $4.82B |
| Revenue growth (YoY) | +8.58% | +2.74% |
| Net income (latest FY) | $247.44M | $1.78B |
| Net margin | 34.03% | 36.99% |
| 52-week high | $69.88 | $335.55 |
| 52-week low | $50.24 | $256.54 |
| Distance from 52-week high | -16.74% | -15.96% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +24.18% | +18.82% |
| Average volume | 1.03M | 978.28K |
| Shares outstanding | 132.57M | 186.85M |
| Employees | 151 | 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 about 6.6 times larger than First Industrial Realty by market value ($52.69B vs $7.97B).
- FR has outperformed PSA by 16.6 percentage points over the past year.
- Public Storage trades at a higher earnings multiple (27.3x vs 21.2x trailing P/E).
- Public Storage offers a meaningfully higher dividend yield (4.26% vs 3.25%).
- First Industrial Realty grew revenue faster in its latest fiscal year (+8.58% vs +2.74%).
About First Industrial Realty
FR stock →First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
Real Estate · Real Estate Investment Trusts · 151 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
FR vs PSA FAQ
Which is bigger, First Industrial Realty or Public Storage?
Public Storage (PSA) is larger, with a market capitalization of $52.69B compared with $7.97B for First Industrial Realty (FR).
Which stock has performed better over the past year, FR or PSA?
FR returned +12.62% over the past 12 months, compared with -3.93% for PSA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FR or PSA?
FR has the lower trailing P/E at 21.2, 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, First Industrial Realty or Public Storage?
Public Storage has the higher yield at 4.26%, compared with 3.25% for First Industrial Realty.
Are First Industrial Realty and Public Storage in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.