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STOCK COMPARISON

Realty Income vs Public Storage: Fair Value & Quality

Both stocks run through our valuation models. Here is how Realty Income (O) and Public Storage (PSA) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees Public Storage as the less overvalued of the two: Realty Income trades at $61.74 versus a fair value of $30.45 (-51%), while Public Storage trades at $306 versus $162 (-47%).
Realty Income
O · USD · Real Estate
-51%
upside to fair value
overvalued
Price$61.74
Fair Value$30.45
Quality48/100
Public Storage
PSA · USD · Real Estate
-47%
upside to fair value
overvalued
Price$306
Fair Value$162
Quality67/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Realty IncomePublic Storage
Valuation
50.6×P/E (TTM)31.3×
9.47×P/S (TTM)12.39×
1.42×P/B6.58×
15.8×EV/EBITDA20.6×
5.75×PEG4.78×
−50.7%Fair value upside−46.9%
5.2%Dividend yield3.9%
$3.23Dividend per share$12.00
Profitability
46%Operating margin46%
0.59×EBIT margin trend (5Y)0.96×
3%Return on equity22%
2%Return on assets7%
Growth
12%Revenue growth (YoY)3%
19.8%Avg. growth/yr (3Y)4.9%
28.4%Avg. growth/yr (5Y)10.6%
+4.1%Value creation/yr+7.0%
Balance & size
1.4×Interest coverage (EBIT/interest)7.4×
0.68×Debt / equity1.11×
$56BMarket cap$61B
healthyGrowth qualityhealthy

Even match: 7 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Realty Incomeof which business quality 49 · market factors 60 Public Storageof which business quality 62 · market factors 57
ProfitabilityMargins and returns on capital today
28
50
Quality GrowthAre margins and returns improving?
34
22
CashflowEarnings quality: real cash, not paper profit
100
95
Fin. StrengthBalance sheet, leverage, solvency risk
39
42
InvestmentDisciplined investing over empire-building
58
85
Low VolatilityCalm price path (market factor)
90
74
MomentumPrice trend over the last 3–12 months (market factor)
45
47
52W MomentumDistance to the 52-week high (market factor)
53
54
Net IssuanceBuybacks instead of dilution
24
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyRealty IncomePrice $61.74Public StoragePrice $306
DCF Models+30%above the price$80.52-9%close to the price$279
Dividend Discount-11%close to the price$55.11-29%below the price$217
Multiples-69%below the price$19.30-47%below the price$162
Asset-Based-54%below the price$28.34-89%below the price$33.18
Growth DCF+57%above the price$96.75-29%below the price$216
Economic Profit-51%below the price$29.99-76%below the price$72.53
Minimum-69%below the price$19.30-89%below the price$33.18
Maximum+57%above the price$96.75-9%close to the price$279
Median-31%below the price$42.55-38%below the price$189
Geometric mean-29%below the price$43.78-57%below the price$131

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Realty Income: 10 of 14 models see the stock below the current price.

Public Storage: 16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Realty Income
Bear $29.33Fair Value $30.45Bull $30.45
$61.74 = current price (white tick)
Public Storage
Bear $122Fair Value $162Bull $203
$306 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Realty Income · Real Estate

Quality score48 · below median
Fair value upside-51% · bottom 25%

Public Storage · Real Estate

Quality score67 · Top 25%
Fair value upside-47% · bottom 25%

Bottom line

As of Sep 4, 2026, Fair Value Calculator sees Public Storage as the less overvalued of the two: Realty Income trades at $61.74 versus a fair value of $30.45 (-51%), while Public Storage trades at $306 versus $162 (-47%).

Public Storage has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.