Public Storage (PSA) vs Welltower (WELL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Welltower (WELL) has outperformed Public Storage (PSA) over the past year, gaining 27.8% versus a loss of 3.9%. Over five years, WELL leads with a +162.9% price change compared with -11.7% for PSA. Welltower is the larger company by market cap ($159.33 billion vs $52.69 billion), about 3.0 times the size.
On valuation, Public Storage trades at a lower forward P/E (28.6x vs 69.5x for Welltower). Public Storage offers the higher dividend yield (4.26% vs 1.39%). Public Storage converts more of its revenue into profit, with a net margin of 37.0% versus 8.9%.
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 | PSA | WELL |
|---|---|---|
| Share price | $281.99 | $221.12 |
| Market cap | $52.69B | $159.33B |
| 1-day change | -1.35% | -2.06% |
| YTD return | +8.67% | +19.13% |
| 1-year return | -3.93% | +27.82% |
| 5-year return | -11.72% | +162.89% |
| P/E ratio (TTM) | 26.93 | 99.16 |
| Forward P/E | 28.62 | 69.53 |
| EPS (TTM) | $10.47 | $2.23 |
| Dividend yield | 4.26% | 1.39% |
| Annual dividend | $12.00 | $3.07 |
| Revenue (latest FY) | $4.82B | $10.84B |
| Revenue growth (YoY) | +2.74% | +35.63% |
| Net income (latest FY) | $1.78B | $961.84M |
| Gross margin | — | 40.14% |
| Net margin | 36.99% | 8.87% |
| 52-week high | $335.55 | $255.20 |
| 52-week low | $256.54 | $163.75 |
| Distance from 52-week high | -15.96% | -13.35% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.82% | +18.51% |
| Average volume | 978.28K | 2.78M |
| Shares outstanding | 186.85M | 720.57M |
| Employees | 5,770 | 712 |
| 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
- Welltower is about 3.0 times larger than Public Storage by market value ($159.33B vs $52.69B).
- WELL has outperformed PSA by 31.7 percentage points over the past year.
- Welltower trades at a higher earnings multiple (99.2x vs 26.9x trailing P/E).
- Public Storage offers a meaningfully higher dividend yield (4.26% vs 1.39%).
- Public Storage is more profitable, keeping 37.0 cents of every revenue dollar as net income versus 8.9 cents for Welltower.
- Welltower grew revenue faster in its latest fiscal year (+35.63% vs +2.74%).
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
About Welltower
WELL stock →Welltower Inc., an S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom, and Canada. Their portfolio of 2,500+ seniors and wellness housing communities are positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults.
Real Estate · Real Estate Investment Trusts · 712 employees
PSA vs WELL FAQ
Which is bigger, Public Storage or Welltower?
Welltower (WELL) is larger, with a market capitalization of $159.33B compared with $52.69B for Public Storage (PSA).
Which stock has performed better over the past year, PSA or WELL?
WELL returned +27.82% 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, PSA or WELL?
PSA has the lower trailing P/E at 26.9, versus 99.2 for WELL. 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, Public Storage or Welltower?
Public Storage has the higher yield at 4.26%, compared with 1.39% for Welltower.
Are Public Storage and Welltower in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.