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Stock Comparison

PSA vs WELL

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
PSA
Public Storage

REIT - Industrial

Real EstateNYSE • US
Market Cap$54.30B
5Y Perf.+52.6%
WELL
Welltower Inc.

REIT - Healthcare Facilities

Real EstateNYSE • US
Market Cap$149.25B
5Y Perf.+320.4%

PSA vs WELL — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
PSA logoPSA
WELL logoWELL
IndustryREIT - IndustrialREIT - Healthcare Facilities
Market Cap$54.30B$149.25B
Revenue (TTM)$4.86B$11.63B
Net Income (TTM)$1.90B$1.43B
Gross Margin60.6%39.1%
Operating Margin50.8%4.4%
Forward P/E32.4x78.4x
Total Debt$10.25B$21.38B
Cash & Equiv.$318M$5.03B

PSA vs WELLLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

PSA
WELL
StockMay 20May 26Return
Public Storage (PSA)100152.6+52.6%
Welltower Inc. (WELL)100420.4+320.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: PSA vs WELL

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: PSA leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Welltower Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
PSA
Public Storage
The Real Estate Income Play

PSA carries the broadest edge in this set and is the clearest fit for value and quality.

  • Lower P/E (32.4x vs 78.4x)
  • 39.2% margin vs WELL's 12.3%
  • 4.2% yield, 1-year raise streak, vs WELL's 1.3%
Best for: value and quality
WELL
Welltower Inc.
The Real Estate Income Play

WELL is the clearest fit if your priority is income & stability and growth exposure.

  • Dividend streak 2 yrs, beta 0.13, yield 1.3%
  • Rev growth 35.8%, EPS growth -11.5%, 3Y rev CAGR 22.7%
  • 223.1% 10Y total return vs PSA's 56.8%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthWELL logoWELL35.8% FFO/revenue growth vs PSA's 2.7%
ValuePSA logoPSALower P/E (32.4x vs 78.4x)
Quality / MarginsPSA logoPSA39.2% margin vs WELL's 12.3%
Stability / SafetyWELL logoWELLBeta 0.13 vs PSA's 0.51, lower leverage
DividendsPSA logoPSA4.2% yield, 1-year raise streak, vs WELL's 1.3%
Momentum (1Y)WELL logoWELL+42.7% vs PSA's +7.1%
Efficiency (ROA)PSA logoPSA9.4% ROA vs WELL's 2.3%, ROIC 8.9% vs 0.5%

PSA vs WELL — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

PSAPublic Storage
FY 2025
Self Storage Operations
93.1%$4.5B
Ancillary Operations
6.9%$335M
WELLWelltower Inc.
FY 2025
Senior Housing - Operating
81.1%$8.5B
Triple Net
11.4%$1.2B
Outpatient Medical
7.5%$782M

PSA vs WELL — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLPSALAGGINGWELL

Income & Cash Flow (Last 12 Months)

PSA leads this category, winning 5 of 6 comparable metrics.

WELL is the larger business by revenue, generating $11.6B annually — 2.4x PSA's $4.9B. PSA is the more profitable business, keeping 39.2% of every revenue dollar as net income compared to WELL's 12.3%. On growth, WELL holds the edge at +40.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricPSA logoPSAPublic StorageWELL logoWELLWelltower Inc.
RevenueTrailing 12 months$4.9B$11.6B
EBITDAEarnings before interest/tax$3.6B$2.8B
Net IncomeAfter-tax profit$1.9B$1.4B
Free Cash FlowCash after capex$3.1B$2.5B
Gross MarginGross profit ÷ Revenue+60.6%+39.1%
Operating MarginEBIT ÷ Revenue+50.8%+4.4%
Net MarginNet income ÷ Revenue+39.2%+12.3%
FCF MarginFCF ÷ Revenue+63.1%+21.9%
Rev. Growth (YoY)Latest quarter vs prior year+2.9%+40.3%
EPS Growth (YoY)Latest quarter vs prior year+33.1%+22.5%
PSA leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

PSA leads this category, winning 5 of 6 comparable metrics.

At 34.3x trailing earnings, PSA trades at a 78% valuation discount to WELL's 153.3x P/E. On an enterprise value basis, PSA's 18.9x EV/EBITDA is more attractive than WELL's 66.4x.

MetricPSA logoPSAPublic StorageWELL logoWELLWelltower Inc.
Market CapShares × price$54.3B$149.2B
Enterprise ValueMkt cap + debt − cash$64.2B$165.6B
Trailing P/EPrice ÷ TTM EPS34.33x153.25x
Forward P/EPrice ÷ next-FY EPS est.32.39x78.42x
PEG RatioP/E ÷ EPS growth rate4.61x
EV / EBITDAEnterprise value multiple18.86x66.40x
Price / SalesMarket cap ÷ Revenue11.26x13.99x
Price / BookPrice ÷ Book value/share5.82x3.35x
Price / FCFMarket cap ÷ FCF18.74x52.41x
PSA leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

PSA leads this category, winning 7 of 9 comparable metrics.

PSA delivers a 20.3% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $3 for WELL. WELL carries lower financial leverage with a 0.49x debt-to-equity ratio, signaling a more conservative balance sheet compared to PSA's 1.10x. On the Piotroski fundamental quality scale (0–9), WELL scores 7/9 vs PSA's 5/9, reflecting strong financial health.

MetricPSA logoPSAPublic StorageWELL logoWELLWelltower Inc.
ROE (TTM)Return on equity+20.3%+3.5%
ROA (TTM)Return on assets+9.4%+2.3%
ROICReturn on invested capital+8.9%+0.5%
ROCEReturn on capital employed+11.6%+0.6%
Piotroski ScoreFundamental quality 0–957
Debt / EquityFinancial leverage1.10x0.49x
Net DebtTotal debt minus cash$9.9B$16.3B
Cash & Equiv.Liquid assets$318M$5.0B
Total DebtShort + long-term debt$10.3B$21.4B
Interest CoverageEBIT ÷ Interest expense6.88x0.26x
PSA leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

WELL leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in WELL five years ago would be worth $30,234 today (with dividends reinvested), compared to $13,542 for PSA. Over the past 12 months, WELL leads with a +42.7% total return vs PSA's +7.1%. The 3-year compound annual growth rate (CAGR) favors WELL at 42.5% vs PSA's 5.1% — a key indicator of consistent wealth creation.

MetricPSA logoPSAPublic StorageWELL logoWELLWelltower Inc.
YTD ReturnYear-to-date+20.8%+14.3%
1-Year ReturnPast 12 months+7.1%+42.7%
3-Year ReturnCumulative with dividends+16.1%+189.5%
5-Year ReturnCumulative with dividends+35.4%+202.3%
10-Year ReturnCumulative with dividends+56.8%+223.1%
CAGR (3Y)Annualised 3-year return+5.1%+42.5%
WELL leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — PSA and WELL each lead in 1 of 2 comparable metrics.

WELL is the less volatile stock with a 0.13 beta — it tends to amplify market swings less than PSA's 0.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.

MetricPSA logoPSAPublic StorageWELL logoWELLWelltower Inc.
Beta (5Y)Sensitivity to S&P 5000.51x0.13x
52-Week HighHighest price in past year$313.51$219.59
52-Week LowLowest price in past year$256.54$142.65
% of 52W HighCurrent price vs 52-week peak+98.7%+97.0%
RSI (14)Momentum oscillator 0–10059.260.2
Avg Volume (50D)Average daily shares traded1.1M2.6M
Evenly matched — PSA and WELL each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — PSA and WELL each lead in 1 of 2 comparable metrics.

Wall Street rates PSA as "Hold" and WELL as "Buy". Consensus price targets imply 6.3% upside for WELL (target: $227) vs -1.5% for PSA (target: $305). For income investors, PSA offers the higher dividend yield at 4.23% vs WELL's 1.30%.

MetricPSA logoPSAPublic StorageWELL logoWELLWelltower Inc.
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$304.82$226.50
# AnalystsCovering analysts3634
Dividend YieldAnnual dividend ÷ price+4.2%+1.3%
Dividend StreakConsecutive years of raises12
Dividend / ShareAnnual DPS$13.09$2.76
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Evenly matched — PSA and WELL each lead in 1 of 2 comparable metrics.
Key Takeaway

PSA leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). WELL leads in 1 (Total Returns). 2 tied.

Best OverallPublic Storage (PSA)Leads 3 of 6 categories
Loading custom metrics...

PSA vs WELL: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is PSA or WELL a better buy right now?

For growth investors, Welltower Inc.

(WELL) is the stronger pick with 35. 8% revenue growth year-over-year, versus 2. 7% for Public Storage (PSA). Public Storage (PSA) offers the better valuation at 34. 3x trailing P/E (32. 4x forward), making it the more compelling value choice. Analysts rate Welltower Inc. (WELL) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — PSA or WELL?

On trailing P/E, Public Storage (PSA) is the cheapest at 34.

3x versus Welltower Inc. at 153. 3x. On forward P/E, Public Storage is actually cheaper at 32. 4x.

03

Which is the better long-term investment — PSA or WELL?

Over the past 5 years, Welltower Inc.

(WELL) delivered a total return of +202. 3%, compared to +35. 4% for Public Storage (PSA). Over 10 years, the gap is even starker: WELL returned +223. 1% versus PSA's +56. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — PSA or WELL?

By beta (market sensitivity over 5 years), Welltower Inc.

(WELL) is the lower-risk stock at 0. 13β versus Public Storage's 0. 51β — meaning PSA is approximately 286% more volatile than WELL relative to the S&P 500. On balance sheet safety, Welltower Inc. (WELL) carries a lower debt/equity ratio of 49% versus 110% for Public Storage — giving it more financial flexibility in a downturn.

05

Which is growing faster — PSA or WELL?

By revenue growth (latest reported year), Welltower Inc.

(WELL) is pulling ahead at 35. 8% versus 2. 7% for Public Storage (PSA). On earnings-per-share growth, the picture is similar: Welltower Inc. grew EPS -11. 5% year-over-year, compared to -15. 3% for Public Storage. Over a 3-year CAGR, WELL leads at 22. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — PSA or WELL?

Public Storage (PSA) is the more profitable company, earning 37.

0% net margin versus 8. 8% for Welltower Inc. — meaning it keeps 37. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PSA leads at 46. 7% versus 3. 3% for WELL. At the gross margin level — before operating expenses — WELL leads at 39. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is PSA or WELL more undervalued right now?

On forward earnings alone, Public Storage (PSA) trades at 32.

4x forward P/E versus 78. 4x for Welltower Inc. — 46. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WELL: 6. 3% to $226. 50.

08

Which pays a better dividend — PSA or WELL?

All stocks in this comparison pay dividends.

Public Storage (PSA) offers the highest yield at 4. 2%, versus 1. 3% for Welltower Inc. (WELL).

09

Is PSA or WELL better for a retirement portfolio?

For long-horizon retirement investors, Welltower Inc.

(WELL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 1. 3% yield, +223. 1% 10Y return). Both have compounded well over 10 years (WELL: +223. 1%, PSA: +56. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between PSA and WELL?

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: PSA is a mid-cap income-oriented stock; WELL is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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PSA

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 23%
  • Dividend Yield > 1.6%
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WELL

High-Growth Compounder

  • Sector: Real Estate
  • Market Cap > $100B
  • Revenue Growth > 20%
  • Net Margin > 7%
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Beat Both

Find stocks that outperform PSA and WELL on the metrics below

Revenue Growth>
%
(PSA: 2.9% · WELL: 40.3%)
Net Margin>
%
(PSA: 39.2% · WELL: 12.3%)
P/E Ratio<
x
(PSA: 34.3x · WELL: 153.3x)

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