Evercore ISI Increases Its Price Target on Public Storage (PSA) to $312, Maintains 'In Line' Rating

With significant upside potential, Public Storage (NYSE:PSA) secures a spot on our list of the 13 Best Warehouse and Self-Storage Stocks to Buy Right Now.

On September 15, 2025, Evercore ISI increased its price target on Public Storage (NYSE:PSA) from $309 to $312, maintaining an ‘In Line’ rating.

The price revision comes as the investment firm rolled forward models to include 2027 AFFO estimates in its valuation framework. Evercore expects that Public Storage (NYSE:PSA)’s FFO per share growth will exceed 3% in 2026, thanks to its favorable leverage profile with a debt-to-capital ratio of 0.16 and contributions from its non-same-store portfolio. However, the company’s management remains cautious in its short-term outlook. The company’s 2025 guidance does not yet signal a full recovery or a seasonal peak in demand.

Public Storage (NYSE:PSA), a leading self-storage REIT, acquires, develops, owns, and operates more than 3,400 self-storage facilities across the U.S. It is one of the Best Warehouse Stocks.

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