Comparing Public Storage (NYSE:PSA) and Millrose Properties (NYSE:MRP)

Millrose Properties (NYSE:MRP) and Public Storage (NYSE:PSA) are both real estate companies, but which is the superior business? We will compare the two companies based on the strength of their risk, valuation, analyst recommendations, dividends, earnings, institutional ownership and profitability.

Institutional & Insider Ownership

78.8% of Public Storage shares are held by institutional investors. 0.2% of Millrose Properties shares are held by insiders. Comparatively, 11.1% of Public Storage shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Risk & Volatility

Millrose Properties has a beta of 0.52, suggesting that its share price is 48% less volatile than the S&P 500. Comparatively, Public Storage has a beta of 0.89, suggesting that its share price is 11% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent recommendations for Millrose Properties and Public Storage, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Millrose Properties	0	3	0	1	2.50
Public Storage	0	14	7	0	2.33

Millrose Properties presently has a consensus target price of $35.00, indicating a potential upside of 34.46%. Public Storage has a consensus target price of $325.79, indicating a potential downside of 2.86%. Given Millrose Properties’ stronger consensus rating and higher possible upside, equities analysts plainly believe Millrose Properties is more favorable than Public Storage.

Profitability

This table compares Millrose Properties and Public Storage’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Millrose Properties	63.24%	8.56%	5.13%
Public Storage	37.76%	29.93%	8.52%

Dividends

Millrose Properties pays an annual dividend of $3.16 per share and has a dividend yield of 12.1%. Public Storage pays an annual dividend of $12.00 per share and has a dividend yield of 3.6%. Millrose Properties pays out 104.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Public Storage pays out 125.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Millrose Properties is clearly the better dividend stock, given its higher yield and lower payout ratio.

Earnings & Valuation

This table compares Millrose Properties and Public Storage”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Millrose Properties	$792.29 million	5.07	$379.86 million	$3.02	8.62
Public Storage	$4.82 billion	12.99	$1.78 billion	$9.55	35.12

Public Storage has higher revenue and earnings than Millrose Properties. Millrose Properties is trading at a lower price-to-earnings ratio than Public Storage, indicating that it is currently the more affordable of the two stocks.

Summary

Public Storage beats Millrose Properties on 11 of the 17 factors compared between the two stocks.

About Millrose Properties

Millrose Properties, Inc. is a residential land development and homesite company. It acquires and develops land into finished lots, which it makes available to homebuilders through lot option arrangements. The company does not build or sell homes to consumers. Millrose operates in the United States and serves homebuilders across multiple residential markets. Its business model is designed to provide builders with access to ready-to-build lots while managing the land acquisition and development process.

About Public Storage

Public Storage is a real estate investment trust that owns and operates self-storage facilities. Its properties offer individuals and businesses rental storage units in a range of sizes for household goods, business inventory, and other belongings. The company also provides related services, including storage protection plans. Founded in 1972, Public Storage has grown into a major self-storage provider in the United States, with facilities serving customers across the country. Its business also has a connection to Europe through its investment in Shurgard Self Storage, which operates self-storage properties in several European markets.