Realty Income (O) 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 Realty Income (O) over the past year, losing 3.9% versus a loss of 10.5%. Over five years, PSA leads with a -11.7% price change compared with -21.0% for O. Public Storage is the larger company by market cap ($53.27 billion vs $50.99 billion), about 1.0 times the size, while Realty Income is growing revenue faster (+9.1% vs +2.7%).
On valuation, Public Storage trades at a lower forward P/E (28.9x vs 34.7x for Realty Income). Realty Income offers the higher dividend yield (6.00% vs 4.21%). Public Storage converts more of its revenue into profit, with a net margin of 37.0% versus 18.4%.
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 | O | PSA |
|---|---|---|
| Share price | $53.89 | $285.11 |
| Market cap | $50.99B | $53.27B |
| 1-day change | +1.00% | +1.11% |
| YTD return | -5.36% | +8.67% |
| 1-year return | -10.53% | -3.93% |
| 5-year return | -20.96% | -11.72% |
| P/E ratio (TTM) | 39.05 | 27.23 |
| Forward P/E | 34.70 | 28.93 |
| EPS (TTM) | $1.38 | $10.47 |
| Dividend yield | 6.00% | 4.21% |
| Annual dividend | $3.24 | $12.00 |
| Revenue (latest FY) | $5.75B | $4.82B |
| Revenue growth (YoY) | +9.07% | +2.74% |
| Net income (latest FY) | $1.06B | $1.78B |
| Net margin | 18.41% | 36.99% |
| 52-week high | $67.94 | $335.55 |
| 52-week low | $53.15 | $256.54 |
| Distance from 52-week high | -20.69% | -15.03% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +23.21% | +17.52% |
| Average volume | 6.48M | 980.78K |
| Shares outstanding | 946.22M | 186.85M |
| Employees | 544 | 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
- Realty Income trades at a higher earnings multiple (39.0x vs 27.2x trailing P/E).
- Realty Income offers a meaningfully higher dividend yield (6.00% vs 4.21%).
- Public Storage is more profitable, keeping 37.0 cents of every revenue dollar as net income versus 18.4 cents for Realty Income.
- Realty Income grew revenue faster in its latest fiscal year (+9.07% vs +2.74%).
About Realty Income
O stock →Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider.
Real Estate · Real Estate Investment Trusts · 544 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
O vs PSA FAQ
Which is bigger, Realty Income or Public Storage?
Public Storage (PSA) is larger, with a market capitalization of $53.27B compared with $50.99B for Realty Income (O).
Which stock has performed better over the past year, O or PSA?
PSA returned -3.93% over the past 12 months, compared with -10.53% for O (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, O or PSA?
PSA has the lower trailing P/E at 27.2, versus 39.0 for O. 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, Realty Income or Public Storage?
Realty Income has the higher yield at 6.00%, compared with 4.21% for Public Storage.
Are Realty Income and Public Storage in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.