PSA vs. SBAC: A Head-to-Head Stock Comparison

Updated on August 27, 2025

Here’s a clear look at PSA and SBAC, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both PSA and SBAC are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	PSA	SBAC
Company Name	Public Storage	SBA Communications Corporation
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Specialized REITs	Specialized REITs
Market Capitalization	50.85 billion USD	23.79 billion USD
Exchange	NYSE	NasdaqGS
Listing Date	November 18, 1980	June 16, 1999
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of PSA and SBAC by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

PSA vs. SBAC: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	PSA	SBAC
5-Day Price Return	0.87%	0.59%
13-Week Price Return	-2.01%	-2.94%
26-Week Price Return	-2.55%	6.64%
52-Week Price Return	-13.02%	1.47%
Month-to-Date Return	6.58%	-1.40%
Year-to-Date Return	-3.21%	8.72%
10-Day Avg. Volume	0.58M	0.74M
3-Month Avg. Volume	0.81M	0.80M
3-Month Volatility	20.34%	20.82%
Beta	0.88	0.83

Profitability

Return on Equity (TTM)

PSA

18.93%

Specialized REITs Industry

Max: 37.66%
Q3: 20.19%
Median: 8.96%
Q1: 6.32%
Min: -1.71%

PSA’s Return on Equity of 18.93% is on par with the norm for the Specialized REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

SBAC

-1.71%

Specialized REITs Industry

Max: 37.66%
Q3: 20.19%
Median: 8.96%
Q1: 6.32%
Min: -1.71%

SBAC has a negative Return on Equity of -1.71%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

PSA vs. SBAC: A comparison of their Return on Equity (TTM) against the Specialized REITs industry benchmark.

Net Profit Margin (TTM)

PSA

38.13%

Specialized REITs Industry

Max: 67.81%
Q3: 40.70%
Median: 25.91%
Q1: 11.01%
Min: 1.95%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

SBAC

32.25%

Specialized REITs Industry

Max: 67.81%
Q3: 40.70%
Median: 25.91%
Q1: 11.01%
Min: 1.95%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

PSA vs. SBAC: A comparison of their Net Profit Margin (TTM) against the Specialized REITs industry benchmark.

Operating Profit Margin (TTM)

PSA

46.56%

Specialized REITs Industry

Max: 107.13%
Q3: 55.10%
Median: 41.03%
Q1: 17.97%
Min: 5.94%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

SBAC

52.34%

Specialized REITs Industry

Max: 107.13%
Q3: 55.10%
Median: 41.03%
Q1: 17.97%
Min: 5.94%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

PSA vs. SBAC: A comparison of their Operating Profit Margin (TTM) against the Specialized REITs industry benchmark.

Profitability at a Glance

Symbol	PSA	SBAC
Return on Equity (TTM)	18.93%	-1.71%
Return on Assets (TTM)	9.09%	8.21%
Net Profit Margin (TTM)	38.13%	32.25%
Operating Profit Margin (TTM)	46.56%	52.34%
Gross Profit Margin (TTM)	73.00%	76.94%

Financial Strength

Current Ratio (MRQ)

PSA

0.84

Specialized REITs Industry

Max: 1.74
Q3: 1.13
Median: 0.59
Q1: 0.35
Min: 0.09

PSA’s Current Ratio of 0.84 aligns with the median group of the Specialized REITs industry, indicating that its short-term liquidity is in line with its sector peers.

SBAC

0.37

Specialized REITs Industry

Max: 1.74
Q3: 1.13
Median: 0.59
Q1: 0.35
Min: 0.09

SBAC’s Current Ratio of 0.37 aligns with the median group of the Specialized REITs industry, indicating that its short-term liquidity is in line with its sector peers.

PSA vs. SBAC: A comparison of their Current Ratio (MRQ) against the Specialized REITs industry benchmark.

Debt-to-Equity Ratio (MRQ)

PSA

1.11

Specialized REITs Industry

Max: 4.54
Q3: 3.26
Median: 1.09
Q1: 0.58
Min: 0.16

PSA’s Debt-to-Equity Ratio of 1.11 is typical for the Specialized REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

SBAC

43.14

Specialized REITs Industry

Max: 4.54
Q3: 3.26
Median: 1.09
Q1: 0.58
Min: 0.16

With a Debt-to-Equity Ratio of 43.14, SBAC operates with exceptionally high leverage compared to the Specialized REITs industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

PSA vs. SBAC: A comparison of their Debt-to-Equity Ratio (MRQ) against the Specialized REITs industry benchmark.

Interest Coverage Ratio (TTM)

PSA

18.96

Specialized REITs Industry

Max: 5.24
Q3: 4.05
Median: 2.99
Q1: 2.10
Min: 1.28

With an Interest Coverage Ratio of 18.96, PSA demonstrates a superior capacity to service its debt, placing it well above the typical range for the Specialized REITs industry. This stems from either robust earnings or a conservative debt load.

SBAC

2.90

Specialized REITs Industry

Max: 5.24
Q3: 4.05
Median: 2.99
Q1: 2.10
Min: 1.28

SBAC’s Interest Coverage Ratio of 2.90 is positioned comfortably within the norm for the Specialized REITs industry, indicating a standard and healthy capacity to cover its interest payments.

PSA vs. SBAC: A comparison of their Interest Coverage Ratio (TTM) against the Specialized REITs industry benchmark.

Financial Strength at a Glance

Symbol	PSA	SBAC
Current Ratio (MRQ)	0.84	0.37
Quick Ratio (MRQ)	0.84	0.35
Debt-to-Equity Ratio (MRQ)	1.11	43.14
Interest Coverage Ratio (TTM)	18.96	2.90

Growth

Revenue Growth

PSA vs. SBAC: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

PSA vs. SBAC: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

PSA

4.57%

Specialized REITs Industry

Max: 7.06%
Q3: 5.09%
Median: 4.51%
Q1: 3.18%
Min: 1.78%

PSA’s Dividend Yield of 4.57% is consistent with its peers in the Specialized REITs industry, providing a dividend return that is standard for its sector.

SBAC

1.91%

Specialized REITs Industry

Max: 7.06%
Q3: 5.09%
Median: 4.51%
Q1: 3.18%
Min: 1.78%

SBAC’s Dividend Yield of 1.91% is in the lower quartile for the Specialized REITs industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

PSA vs. SBAC: A comparison of their Dividend Yield (TTM) against the Specialized REITs industry benchmark.

Dividend Payout Ratio (TTM)

PSA

127.11%

Specialized REITs Industry

Max: 295.93%
Q3: 182.11%
Median: 119.31%
Q1: 65.42%
Min: 43.86%

PSA’s Dividend Payout Ratio of 127.11% is within the typical range for the Specialized REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

SBAC

51.48%

Specialized REITs Industry

Max: 295.93%
Q3: 182.11%
Median: 119.31%
Q1: 65.42%
Min: 43.86%

SBAC’s Dividend Payout Ratio of 51.48% is in the lower quartile for the Specialized REITs industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.

PSA vs. SBAC: A comparison of their Dividend Payout Ratio (TTM) against the Specialized REITs industry benchmark.

Dividend at a Glance

Symbol	PSA	SBAC
Dividend Yield (TTM)	4.57%	1.91%
Dividend Payout Ratio (TTM)	127.11%	51.48%

Valuation

Price-to-Earnings Ratio (TTM)

PSA

27.84

Specialized REITs Industry

Max: 85.59
Q3: 64.69
Median: 29.09
Q1: 18.22
Min: 8.79

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

SBAC

26.92

Specialized REITs Industry

Max: 85.59
Q3: 64.69
Median: 29.09
Q1: 18.22
Min: 8.79

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

PSA vs. SBAC: A comparison of their Price-to-Earnings Ratio (TTM) against the Specialized REITs industry benchmark.

Price-to-Sales Ratio (TTM)

PSA

10.62

Specialized REITs Industry

Max: 14.35
Q3: 9.60
Median: 8.74
Q1: 5.61
Min: 1.63

PSA’s P/S Ratio of 10.62 is in the upper echelon for the Specialized REITs industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

SBAC

8.68

Specialized REITs Industry

Max: 14.35
Q3: 9.60
Median: 8.74
Q1: 5.61
Min: 1.63

SBAC’s P/S Ratio of 8.68 aligns with the market consensus for the Specialized REITs industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

PSA vs. SBAC: A comparison of their Price-to-Sales Ratio (TTM) against the Specialized REITs industry benchmark.

Price-to-Book Ratio (MRQ)

PSA

5.49

Specialized REITs Industry

Max: 11.33
Q3: 5.68
Median: 2.69
Q1: 1.81
Min: 0.71

PSA’s P/B Ratio of 5.49 is within the conventional range for the Specialized REITs industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

SBAC

82.55

Specialized REITs Industry

Max: 11.33
Q3: 5.68
Median: 2.69
Q1: 1.81
Min: 0.71

At 82.55, SBAC’s P/B Ratio is at an extreme premium to the Specialized REITs industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

PSA vs. SBAC: A comparison of their Price-to-Book Ratio (MRQ) against the Specialized REITs industry benchmark.

Valuation at a Glance

Symbol	PSA	SBAC
Price-to-Earnings Ratio (TTM)	27.84	26.92
Price-to-Sales Ratio (TTM)	10.62	8.68
Price-to-Book Ratio (MRQ)	5.49	82.55
Price-to-Free Cash Flow Ratio (TTM)	25.66	22.28