EQIX vs. PSA: Equinix vs. Public Storage Stock Comparison

Company Profile

Equinix (EQIX) and Public Storage (PSA) both belong to the Specialized REITs industry, though EQIX is classified under Data Center REITs while PSA falls under Self-Storage REITs.

Both Equinix (EQIX) 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

Both Equinix (EQIX) at 10.74% and Public Storage (PSA) at 21.93% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

Neither Equinix (EQIX) 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 Equinix (EQIX) 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 Equinix (EQIX) at 5.36% 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 Equinix (EQIX) 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

Equinix (EQIX) at 1.13 keeps current ratio within its industry’s typical mid-range, while Public Storage (PSA) at 0.22 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PSA.

Public Storage (PSA) at 1.10 carries an industry-typical debt-to-equity mix, while Equinix (EQIX) at 1.62 uses more debt funding than most peers.

Financial Strength Metrics

Dividends

Public Storage (PSA) at 4.14% pays a yield in its industry’s typical range, while Equinix (EQIX) at 1.92% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither Equinix (EQIX) 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 Equinix (EQIX) 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.

Both Equinix (EQIX) at 10.29 and Public Storage (PSA) at 10.99 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

Measured against book value, both Equinix (EQIX) at 7.08 and Public Storage (PSA) at 10.48 look expensive — each P/B ratio sits above its industry’s benchmark range.

Valuation Metrics