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PSA'M NOW TRADING POST CALL DATE

Public Storage · Series M · REITs
Also quoted as: PSA-M, PSAprM, PSA.PRM, PSA-PM, PSApM
$15.05
last price · 2026-09-14

About this security

PSA'M is a 4.125% cumulative perpetual preferred stock issued by Public Storage, grouped under REITs. $25 liquidation preference, current yield 6.85%, callable from 2025-08-14.

Public Storage: Public Storage is a real estate investment trust (REIT) that owns and operates self-storage facilities, where it leases storage space to residential and commercial customers on a month-to-month basis. The company's business focuses on the acquisition, development, and redevelopment of self-storage properties across its markets. As one of the largest self-storage operators in the United States, Public Storage manages a substantial nationwide portfolio of facilities under a recognizable brand. Company website

All Public Storage securities and the issuer profile →

Key Stats ✓ Verified against SEC filing (prospectus linked below)

live page · rendered 19:09:15 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current yield
6.85%
Annual Dividend
$1.0312
Recent Market Price
$15.05
as of 2026-09-14
Disc/Prem to Par (→ screen)
Capital Appreciation to Par
+$9.95 (+66.1%)
Recent Ex-Date
2026-06-15
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
4.125%
Call Date
2025-08-14 ⚑ callable now
Yield to Call
n/a (callable now)
Yield to Worst
6.85%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
March 31, June 30, September 30, December 31
Shares Offered (original)
8,000,000 +1,200,000 OA
Issued
2020-08-14
Series
M
Alt. Symbology
PSA-M, PSAprM, PSA.PRM, PSA-PM, PSApM

vs. REITs (132 issues with a current yield): yield 6.85% vs avg 8.43% · discount -39.8% vs avg -15.5%

Quote

 PSA'M (preferred)PSA (common)
As of 2026-09-14 2026-09-14
Last $15.05 $295.40
Change -0.04 (-0.30%) -1.10 (-0.37%)
Open$15.06$297.57
High / Low $15.14 / $15.01 $301.30 / $294.64
Prev Close$15.10$296.50
Volume14,083794,581
52-Week High / Low $17.89 / $15.01 $335.55 / $256.54

End-of-day closes, dated in the first row. A quote 3 or more trading sessions old is flagged stale, and a stale common quote is withheld. Change and Prev Close compare with the previous session's close. 52-week range based on available history, adjusted for splits. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

PSA'M PSA (common)

Dividend History

Ex-DateAmount / Share
2026-06-15$0.257800
2026-03-16$0.257800
2025-12-15$0.257800
2025-09-15$0.257800
2025-06-12$0.257813
2025-03-13$0.257813
2024-12-13$0.257813
2024-09-13$0.257813
2024-06-12$0.257813
2024-03-12$0.257813
2023-12-12$0.257813
2023-09-12$0.257813

Performance: $10K Calculator

See what an investment in PSA'M would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

Get dividend & filing alerts for PSA'M →

Prospectus (SEC 424B5)

We are selling 8,000,000 depositary shares (the "Depositary Shares") each representing 1/1,000 of a 4.125% Cumulative Preferred Share of Beneficial Interest, Series M (the "Preferred Shares").

Use of proceeds: Net proceeds will be used to make investments in self-storage facilities and entities that own them, for the development of self-storage facilities, and for general corporate purposes, including the redemption of preferred shares.

Full Prospectus (SEC filing) →

Other Securities from Public Storage

SymbolTypeCouponPriceYield
PSA'F preferred 5.150% 18.82 6.84%
PSA'G preferred 5.050% 18.60 6.79%
PSA'H preferred 5.600% 20.40 6.86%
PSA'I preferred 4.875% 17.93 6.80%
PSA'J preferred 4.700% 17.39 6.76%
PSA'K preferred 4.750% 17.33 6.85%
PSA'L preferred 4.625% 16.86 6.86%
PSA'N preferred 3.875% 14.25 6.80%
PSA'O preferred 3.900% 14.24 6.85%
PSA'P preferred 4.000% 14.55 6.87%
PSA'Q preferred 3.950% 14.46 6.83%
PSA'R preferred 4.000% 14.60 6.85%
PSA'S preferred 4.100% 15.00 6.83%

News: Public Storage

Issuer news via Tiingo, filtered to stories about PSA.

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