PSA vs. SUI: Public Storage vs. Sun Communities Stock Comparison

Company Profile

Public Storage (PSA) and Sun Communities (SUI) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but PSA is classified in Specialized REITs while SUI is classified in Residential REITs.

Both Public Storage (PSA) and Sun Communities (SUI) 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 Sun Communities (SUI) at 4.89% is closer to the peer norm — stronger capital efficiency for PSA.

Neither Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) nor Sun Communities (SUI) 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 Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) and Sun Communities (SUI) 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 Public Storage (PSA) at 2.74% and Sun Communities (SUI) at 0.77% 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 Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) or Sun Communities (SUI) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Sun Communities (SUI) at 3.07 carries current ratio above its industry’s typical mid-range, while Public Storage (PSA) at 0.37 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Sun Communities (SUI) at 0.72 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

Both Public Storage (PSA) at 3.52% and Sun Communities (SUI) at 3.60% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

An earnings-based payout ratio fits neither Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) nor Sun Communities (SUI) 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 Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) or Sun Communities (SUI) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

Sun Communities (SUI) at 6.39 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.

Both look rich against book: Sun Communities (SUI) at 2.76 sits in the upper P/B ratio quartile, and Public Storage (PSA) at 6.45 prices even higher, above its industry range.

Valuation Metrics