Public Storage drawdown: 29.4% below the all-time high
Public Storage is 29.4% below its all-time high, set Apr 20, 2022 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −29.4%
- 70.6% of ATH
- All-time high
- $419.9
- Apr 20, 2022
- Time below the high
- 4.4 yrs
- since Apr 20, 2022
- Worst-ever drawdown
- −71.1%
- Oct 15, 1990
- Longest underwater
- 10.9 yrs
- between all-time highs
- Today's level first reached
- Jun 18, 2021
- 5.2 yrs ago
- Last time this deep
- Jul 28, 2020
- in a previous episode
% of all-time high since 1980#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Mar 27, 1985 | Oct 15, 1990 | −71.1% | 5.6 yrs | Mar 4, 1996 | 10.9 yrs |
| Feb 8, 2007 | Mar 5, 2009 | −58.3% | 2.1 yrs | Apr 26, 2011 | 4.2 yrs |
| Apr 20, 2022 | Oct 25, 2023 | −43.3% | 1.5 yrs | not yet | 4.4 yrs+ |
| Apr 4, 2016 | Mar 23, 2020 | −41.9% | 4.0 yrs | Apr 22, 2021 | 5.0 yrs |
| Feb 10, 1998 | Mar 10, 2000 | −37.4% | 2.1 yrs | Aug 14, 2001 | 3.5 yrs |
| Nov 21, 1980 | Sep 17, 1981 | −29.9% | 10 mo | Sep 17, 1982 | 1.8 yrs |
| Apr 15, 2002 | Oct 9, 2002 | −25.8% | 6 mo | Sep 30, 2003 | 18 mo |
| Jun 6, 1983 | Jun 6, 1984 | −22.4% | 12 mo | Feb 11, 1985 | 1.7 yrs |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1980: how far Public Storage stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Public Storage from its all-time high?
- Public Storage is currently 29.4% below its all-time high, set Apr 20, 2022 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Public Storage drawdown ever?
- The deepest decline on record in our data (since 1980) took Public Storage 71.1% below its prior high, bottoming Oct 15, 1990. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from PSA; no free deep history exists for Public Storage — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.