Public Storage (PSA) has quietly slipped about 7% over the past month and nearly 13% this year, even as its revenue and net income continue to grow, creating a curious gap between fundamentals and sentiment.

That slide reflects cooling momentum more than collapsing confidence: despite a year to date share price return of negative 12.6 percent and a 1 year total shareholder return of negative 9.2 percent, long term holders still show a 5 year total shareholder return above 40 percent, which suggests the market is recalibrating near term risks and rates rather than abandoning the long term self storage growth story.

If this kind of sentiment reset in a solid business has you rethinking your watchlist, it could be a good moment to explore fast growing stocks with high insider ownership.

With shares lagging even as earnings and cash flows climb, and analysts seeing notable upside to today’s price, the key question now is simple: is Public Storage undervalued or already reflecting its future growth?

Most Popular Narrative: 20.5% Undervalued

With the narrative fair value sitting well above Public Storage's last close of $259.15, the story hinges on steady growth, higher margins, and a richer future earnings multiple.

Rapid adoption of digital tools and automation, including enhanced online leasing, data driven pricing, and centralized operations, is expected to support further margin expansion through operational efficiencies and cost control, as ongoing initiatives in technology and process optimization mature.

Want to see what kind of revenue trajectory, margin uplift, and earnings multiple this story is based on? The projected endpoint may surprise you. Click through to review every assumption behind that fair value estimate.

Result: Fair Value of $326.16 (UNDERVALUED)

However, persistent oversupply in key growth markets and rising operating costs could pressure pricing power, delay asset stabilization, and challenge the current undervaluation narrative.

Build Your Own Public Storage Narrative

If you see the story differently or want to stress test the assumptions yourself, you can build a custom view in just a few minutes: Do it your way.

A great starting point for your Public Storage research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.