The takeaway
Public Storage shows a moderate seasonal pattern over 10 years of data — strongest in May (+2.3%) and softest in April (−2.7%).
Right now
In July, the stock has fallen 50% of years, averaging −0.7%, roughly 2.8 pts behind the S&P 500.
The full picture
Public Storage's most dependable month has been May, higher in 8 of 10 years; April has been its least reliable, up just 40% of the time.
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Month by month
The stock's clearest edge over the S&P 500 lands in August (+3.1 pts); it has trailed the market most in April (−4.3 pts).
“vs S&P” is Public Storage’s average for a month minus the S&P 500’s average for that same month — isolating Public Storage’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, May has closed higher 60% of the time versus 80% across the last 10 years — the pattern is weakening.
Figures are the typical (median) May return and how often it rose — the last 5 years versus the last 10(the heatmap’s default window). This verdict stays anchored to that 10-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
The seasonal story is really one month's story — May. It has closed higher in 8 of 10 Mays, a concentration the rest of the calendar can't touch.
The strength looks broad-based rather than freakish: its average (+2.3%) and median (+3.2%) sit close together, so no single blow-out year is flattering the figure. Better still, that strength is the stock's own and not just a buoyant market — May has outpaced the S&P 500 by +1.6 points on average. Few peers keep such company in May — the typical stock clears it just 55% of the time.
It doesn't stand entirely alone — January, March, and June have leaned firm as well, if less emphatically. At the other end of the calendar, April has been the soft spot — the weakest of 4 months that average a loss (−2.7%), and the edge isn't year-round — the stock has trailed the S&P 500 in April, July, and October. Its roughest month on record was a −12.8% September in 2022 — a reminder of how hard even a seasonal name can fall.
The pattern has softened of late, May's last five years slipping below its longer-run record.
For a stock this dependable in May, the sharper question is the rest of the year — outside its strong stretch, the calendar gives far less to lean on.
Short answers on the stock's best month (May), its worst (April), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2016 its best month (May, +2.3%) has run well ahead of its worst (April, −2.7%) — the heatmap above shows how steady that gap has been year to year.
May has been the strongest, averaging +2.3% and closing higher in 8 of 10 years since 2016.
It's the weakest, averaging −2.7% — historically a soft spot, though it still varies from year to year.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade