Reviewing Public Storage (NYSE:PSA) & Veris Residential (NYSE:VRE)

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

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Veris Residential	-21.79%	-8.55%	-3.41%
Public Storage	44.88%	36.55%	10.52%

Institutional & Insider Ownership

93.0% of Veris Residential shares are held by institutional investors. Comparatively, 78.8% of Public Storage shares are held by institutional investors. 15.0% of Veris Residential shares are held by company insiders. Comparatively, 11.0% of Public Storage shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Dividends

Veris Residential pays an annual dividend of $0.28 per share and has a dividend yield of 1.6%. Public Storage pays an annual dividend of $12.00 per share and has a dividend yield of 3.3%. Veris Residential pays out -28.0% of its earnings in the form of a dividend. Public Storage pays out 109.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Risk & Volatility

Veris Residential has a beta of 1.25, suggesting that its share price is 25% more volatile than the S&P 500. Comparatively, Public Storage has a beta of 0.67, suggesting that its share price is 33% less volatile than the S&P 500.

Earnings & Valuation

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

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Veris Residential	$287.87 million	5.79	-$107.26 million	($1.00)	-17.99
Public Storage	$4.63 billion	13.76	$2.15 billion	$11.01	32.97

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

Analyst Recommendations

This is a summary of recent ratings and price targets for Veris Residential and Public Storage, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Veris Residential	1	1	1	0	2.00
Public Storage	1	6	5	2	2.57

Veris Residential currently has a consensus price target of $15.67, indicating a potential downside of 12.91%. Public Storage has a consensus price target of $325.85, indicating a potential downside of 10.23%. Given Public Storage’s stronger consensus rating and higher possible upside, analysts clearly believe Public Storage is more favorable than Veris Residential.

Summary

Public Storage beats Veris Residential on 13 of the 17 factors compared between the two stocks.

About Veris Residential

Veris Residential, Inc. is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principle; a best-in-class and sustainable approach to operations; and an inclusive culture based on equality and meritocratic empowerment.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.