AHR vs. PSA: American Healthcare REIT vs. Public Storage Stock Comparison

Company Profile

American Healthcare REIT (AHR) and Public Storage (PSA) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AHR is classified in Diversified REITs while PSA is classified in Specialized REITs.

Public Storage (PSA) carries decades of public-market history since November 18, 1980, while American Healthcare REIT (AHR) listed on February 7, 2024 — long-window comparisons have far more historical data on the PSA side.

Both American Healthcare REIT (AHR) and Public Storage (PSA) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Public Storage (PSA) at 15.60% sits in the top ROE quartile, while American Healthcare REIT (AHR) at 2.33% is closer to the peer norm — stronger capital efficiency for PSA.

Neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) and Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both American Healthcare REIT (AHR) at 9.15% and Public Storage (PSA) at 2.74% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

EPS growth isn't a meaningful figure for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

American Healthcare REIT (AHR) at 1.31 keeps current ratio within its industry’s typical mid-range, while Public Storage (PSA) at 0.37 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PSA.

American Healthcare REIT (AHR) at 0.27 keeps leverage in the lower industry quartile, while Public Storage (PSA) at 0.80 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Public Storage (PSA) at 3.52% pays a yield in its industry’s typical range, while American Healthcare REIT (AHR) at 1.78% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

American Healthcare REIT (AHR) at 5.01 is priced about in line with its industry on P/S ratio, while Public Storage (PSA) at 12.50 sits in the pricier quartile — PSA costs more per dollar of sales.

American Healthcare REIT (AHR) at 2.42 sits near its industry’s typical P/B ratio, while Public Storage (PSA) at 6.45 prices above its benchmark range — PSA looks rich relative to book.

Valuation Metrics