REIT - Industrial
Compare Stocks
2 / 10Stock Comparison
PSA vs WELL
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Healthcare Facilities
PSA vs WELL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Industrial | REIT - Healthcare Facilities |
| Market Cap | $54.30B | $149.25B |
| Revenue (TTM) | $4.86B | $11.63B |
| Net Income (TTM) | $1.90B | $1.43B |
| Gross Margin | 60.6% | 39.1% |
| Operating Margin | 50.8% | 4.4% |
| Forward P/E | 32.4x | 78.4x |
| Total Debt | $10.25B | $21.38B |
| Cash & Equiv. | $318M | $5.03B |
PSA vs WELL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Public Storage (PSA) | 100 | 152.6 | +52.6% |
| Welltower Inc. (WELL) | 100 | 420.4 | +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.
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%
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%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 35.8% FFO/revenue growth vs PSA's 2.7% | |
| Value | Lower P/E (32.4x vs 78.4x) | |
| Quality / Margins | 39.2% margin vs WELL's 12.3% | |
| Stability / Safety | Beta 0.13 vs PSA's 0.51, lower leverage | |
| Dividends | 4.2% yield, 1-year raise streak, vs WELL's 1.3% | |
| Momentum (1Y) | +42.7% vs PSA's +7.1% | |
| Efficiency (ROA) | 9.4% 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
PSA vs WELL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PSA leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
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.
| Metric | ||
|---|---|---|
| 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% |
Valuation Metrics
PSA leads this category, winning 5 of 6 comparable metrics.
Valuation 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.
| Metric | ||
|---|---|---|
| Market CapShares × price | $54.3B | $149.2B |
| Enterprise ValueMkt cap + debt − cash | $64.2B | $165.6B |
| Trailing P/EPrice ÷ TTM EPS | 34.33x | 153.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 32.39x | 78.42x |
| PEG RatioP/E ÷ EPS growth rate | 4.61x | — |
| EV / EBITDAEnterprise value multiple | 18.86x | 66.40x |
| Price / SalesMarket cap ÷ Revenue | 11.26x | 13.99x |
| Price / BookPrice ÷ Book value/share | 5.82x | 3.35x |
| Price / FCFMarket cap ÷ FCF | 18.74x | 52.41x |
Profitability & Efficiency
PSA leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
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.
| Metric | ||
|---|---|---|
| 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 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.10x | 0.49x |
| 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 expense | 6.88x | 0.26x |
Total Returns (Dividends Reinvested)
WELL leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | ||
|---|---|---|
| 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% |
Risk & Volatility
Evenly matched — PSA and WELL each lead in 1 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.51x | 0.13x |
| 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 0–100 | 59.2 | 60.2 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 2.6M |
Analyst Outlook
Evenly matched — PSA and WELL each lead in 1 of 2 comparable metrics.
Analyst Outlook
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%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $304.82 | $226.50 |
| # AnalystsCovering analysts | 36 | 34 |
| Dividend YieldAnnual dividend ÷ price | +4.2% | +1.3% |
| Dividend StreakConsecutive years of raises | 1 | 2 |
| Dividend / ShareAnnual DPS | $13.09 | $2.76 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
PSA leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). WELL leads in 1 (Total Returns). 2 tied.
PSA vs WELL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is 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.
02Which 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.
03Which 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.
04Which 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.
05Which 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.
06Which 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.
07Is 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.
08Which 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).
09Is 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.
10What 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.