PSA vs. VICI: Public Storage vs. VICI Properties Stock Comparison

Company Profile

Public Storage (PSA) and VICI Properties (VICI) both belong to the Specialized REITs industry, though PSA is classified under Self-Storage REITs while VICI falls under Other Specialized REITs.

Both Public Storage (PSA) and VICI Properties (VICI) 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 VICI Properties (VICI) at 8.28% is closer to the peer norm — stronger capital efficiency for PSA.

Neither Public Storage (PSA) in Equity Real Estate Investment Trusts (REITs) nor VICI Properties (VICI) 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 VICI Properties (VICI) 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 VICI Properties (VICI) at 4.08% 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 VICI Properties (VICI) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

VICI Properties (VICI) at 20.26 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.

VICI Properties (VICI) at 0.61 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

VICI Properties (VICI) at 7.18% delivers top-quartile income for its industry, while Public Storage (PSA) at 3.52% pays a more typical yield — both are credible income propositions, VICI the richer one.

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

VICI Properties (VICI) at 6.57 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.

VICI Properties (VICI) at 0.94 sits in the lower P/B ratio quartile relative to book while Public Storage (PSA) at 6.45 prices above its industry range — a wide valuation gap against assets.

Valuation Metrics