Realty Income vs Public Storage (O vs PSA)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Realty Income is the larger company by revenue ($5.7B vs $4.8B) and market value ($59.8B vs $56.5B). Realty Income has grown revenue faster over the last 4 fiscal years (+176.4% cumulative vs +41.2%). Public Storage trades at the lower trailing P/E (33.2x vs 52.6x).
About Realty Income
Realty Income Corporation is a real estate investment trust that acquires, owns, and manages freestanding commercial properties leased under long-term net lease agreements. The company serves a diversified base of clients, including investment grade and creditworthy operators, primarily in the United States, the United Kingdom, and Europe. Its portfolio includes retail properties and other commercial real estate types, and it focuses on generating stable rental income through properties important to its clients' operations.
About Public Storage
Public Storage is a real estate investment trust that owns, develops, and operates self-storage facilities across the United States. It leases storage spaces on a month-to-month basis for personal and business use and manages insurance programs for tenants. The company also offers merchandise such as locks and boxes, provides bridge lending to third-party self-storage owners, and holds a significant interest in a European self-storage company.
Head to head (O FY2025 vs PSA FY2025)
| Metric | OFY2025 | PSAFY2025 |
|---|---|---|
| Revenue | $5.75B | $4.82B |
| Revenue growth (YoY) | 9.1% | 2.7% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 18.4% | 37.0% |
| Net income | $1.06B | $1.78B |
| Diluted EPS | $1.17 | $9.01 |
| FCF margin | — | — |
| ROE | 2.6% | 19.1% |
| Debt / equity | — | 1.1× |
| Market cap | $59.84B | $56.51B |
| P/E (TTM) | 52.6× | 33.2× |
Fundamentals are from each company’s SEC filings (O FY2025, PSA FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| O | $2.08B | $3.34B | $4.08B | $5.27B | $5.75B |
| PSA | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B |
Peer standing
Where each company ranks among the 165 REITs, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | O | PSA |
|---|---|---|
| Net margin | 18.4%63rd percentile of 156 | 37.0%85th percentile of 156 |
| Revenue growth (YoY) | +9.1%75th percentile of 161 | +2.7%46th percentile of 161 |
| ROE | 2.6%45th percentile of 141 | 19.1%93rd percentile of 141 |
| P/E (TTM) | 52.6×80th percentile of 108 | 33.2×61st percentile of 108 |
| Short interest (days to cover) | 6.19d87th percentile of 154 | 6.33d89th percentile of 154 |
Short interest
| FINRA settlement data | O | PSA |
|---|---|---|
| Shares sold short | 43.5M | 6.7M |
| Change vs prior settlement | +16.5% | -12.3% |
| Days to cover | 6.19 | 6.33 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | O | PSA |
|---|---|---|
| Buys | — | 0 |
| Sells | — | 1 ($308,570) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
6 tracked 13F managers hold both Realty Income and Public Storage as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.