Financial Ratios Public Storage NYSE

Stocks

PSA.PRM

US74460W5379

Specialized REITs

Market Closed - NYSE 16:10:00 2026-08-19 EDT			5-day change	1st Jan Change
15.43 ^USD	+0.52%		-1.34%	-5.86%

08-19	Barclays Adjusts Price Target on Public Storage to $350 From $349, Maintains Equalweight Rating	MT
08-18	Scotiabank Adjusts Pt on Public Storage to $346 From $345, Keeps Sector Outperform Rating	MT

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Published financial data: PUBLIC STORAGE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	3.2B	3.95B	4.26B	4.4B	4.49B
Other Revenues, Total	295M	294M	286M	319M	344M
Total Revenues	3.5B	4.24B	4.55B	4.72B	4.83B
Property Expenses	921M	1.05B	1.16B	1.27B	1.22B
Selling General & Admin Expenses, Total	101M	108M	80.63M	107M	205M
Depreciation & Amortization - (IS) - (Collected)	713M	888M	970M	1.13B	1.15B
Other Operating Expenses	-	-	-	-	-
Total Operating Expenses	1.74B	2.05B	2.21B	2.51B	2.58B
Operating Income (REIT / Utility Template)	1.76B	2.19B	2.33B	2.21B	2.25B
Interest Expense, Total	-90.77M	-136M	-201M	-287M	-304M
Interest and Investment Income	4.21M	20.82M	64.82M	44.66M	36.62M
Net Interest Expenses	-86.57M	-115M	-136M	-243M	-268M
Currency Exchange Gains (Loss)	112M	98.31M	-51.2M	102M	-216M
Other Non Operating Income (Expenses)	8.1M	15.06M	17.95M	18.2M	22.62M
EBT, Excl. Unusual Items	1.8B	2.19B	2.16B	2.08B	1.79B
Restructuring Charges	-	-	-	-	-4.88M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) on Sale of Investments	149M	2.18B	2.82M	4.36M	3.86M
Gain (Loss) on Sale of Assets	13.68M	1.5M	17.18M	1.54M	1.11M
Asset Writedown	-	-7M	-11.7M	-	-4.35M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.96B	4.37B	2.17B	2.09B	1.79B
Income Tax Expense	-	-	10.82M	4.67M	-7.23M
Earnings From Continuing Operations	1.96B	4.37B	2.16B	2.08B	1.8B
Net Income to Company	1.96B	4.37B	2.16B	2.08B	1.8B
Minority Interest	-6.38M	-17.13M	-11.79M	-12.4M	-12.68M
Net Income - (IS)	1.95B	4.35B	2.15B	2.07B	1.78B
Preferred Dividend and Other Adjustments	221M	207M	200M	199M	199M
Net Income to Common Incl Extra Items	1.73B	4.14B	1.95B	1.87B	1.59B
Net Income to Common Excl. Extra Items	1.73B	4.14B	1.95B	1.87B	1.59B
Per Share Items
Net EPS - Basic	9.91	23.64	11.11	10.68	9.04
Basic EPS - Continuing Operations	9.91	23.64	11.11	10.68	9.04
Basic Weighted Average Shares Outstanding	175M	175M	175M	175M	175M
Net EPS - Diluted	9.87	23.5	11.06	10.64	9.01
Diluted EPS - Continuing Operations	9.87	23.5	11.06	10.64	9.01
Diluted Weighted Average Shares Outstanding	176M	176M	176M	176M	176M
Normalized Basic EPS	6.39	7.71	7.64	7.35	6.32
Normalized Diluted EPS	6.36	7.66	7.61	7.33	6.3
Dividend Per Share	8	8	12	12	12
Payout Ratio	81.35	89.87	107.31	111.1	129.09
American Depositary Receipts Ratio (ADR)	0.04	0.04	0.04	0.04	0.04
Supplemental Items
EBITDA	2.48B	3.08B	3.3B	3.34B	3.41B
EBITA	1.84B	2.29B	2.41B	2.32B	2.35B
EBIT	1.76B	2.19B	2.33B	2.21B	2.25B
Total Revenues (As Reported)	3.42B	4.18B	4.52B	4.7B	4.82B
Effective Tax Rate - (Ratio)	-	-	0.5	0.22	-0.4
Normalized Net Income	1.12B	1.35B	1.34B	1.29B	1.11B
Interest Capitalized	3.5M	6M	9.3M	10.5M	6.5M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	103M
Selling and Marketing Expenses	-	-	-	-	103M
General and Administrative Expenses	101M	108M	80.63M	107M	102M
Maintenance & Repair Expenses, Total	-	-	-	-	98.14M
Stock-Based Comp., COGS (Total)	22.1M	18.84M	16.17M	16.04M	14.94M
Stock-Based Comp., G&A Exp. (Total)	37.76M	37.86M	25.4M	28.71M	24.96M
Total Stock-Based Compensation	59.86M	56.7M	41.57M	44.75M	39.9M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	23.08B	24.59B	27.81B	28.79B	30.27B
Accumulated Depreciation	-7.77B	-8.55B	-9.42B	-10.43B	-11.47B
Net Property Plant And Equipment	15.31B	16.04B	18.39B	18.36B	18.8B
Total Real Estate Assets	15.31B	16.04B	18.39B	18.36B	18.8B
Cash And Equivalents	735M	775M	370M	447M	318M
Goodwill	166M	166M	166M	166M	166M
Other Intangibles, Total	137M	66.67M	221M	116M	85.77M
Notes Receivable (Collected)	-	-	-	-	142M
Restricted Cash	26.69M	29.9M	30.37M	-	-
Other Long-Term Assets, Total	1.01B	477M	635M	665M	692M
Total Assets	17.38B	17.55B	19.81B	19.75B	20.21B
Liabilities
Current Portion of Long-Term Debt	500M	8.27M	810M	651M	1.15B
Current Portion of Leases	-	-	-	-	4.8M
Long-Term Debt	6.98B	6.86B	8.29B	8.7B	9.1B
Long-Term Leases	-	-	-	-	60.7M
Accrued Expenses, Total	482M	515M	599M	588M	547M
Total Liabilities	7.96B	7.39B	9.7B	9.94B	10.87B
Preferred Stock Redeemable	4.1B	4.35B	4.35B	4.35B	4.35B
Total Preferred Equity	4.1B	4.35B	4.35B	4.35B	4.35B
Common Stock, Total	17.51M	17.53M	17.57M	17.54M	17.55M
Additional Paid In Capital	5.82B	5.9B	5.98B	6.12B	6.15B
Retained Earnings	-550M	-110M	-268M	-699M	-1.22B
Comprehensive Income and Other	-53.59M	-80.32M	-67.24M	-71.96M	-47.8M
Total Common Equity	5.24B	5.72B	5.66B	5.36B	4.9B
Minority Interest	88.36M	93.4M	93.77M	101M	93.71M
Total Equity	9.42B	10.17B	10.11B	9.81B	9.34B
Total Liabilities And Equity	17.38B	17.55B	19.81B	19.75B	20.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	175M	176M	176M	175M	176M
ECS Total Common Shares Outstanding	175M	175M	176M	175M	176M
Book Value / Share	29.89	32.66	32.24	30.57	27.91
Tangible Book Value	4.93B	5.49B	5.28B	5.08B	4.65B
Tangible Book Value Per Share	28.16	31.33	30.03	28.96	26.48
Total Debt	7.48B	6.87B	9.1B	9.35B	10.32B
Net Debt	6.74B	6.1B	8.73B	8.91B	10B
Minority Interest, Total (Incl. Fin. Div)	88.36M	93.4M	93.77M	101M	93.71M
Equity Method Investments, Total	829M	276M	390M	382M	389M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	5.13B	5.27B	5.63B	5.71B	5.95B
Buildings, Total	17.67B	18.95B	21.84B	22.77B	24.13B
Full Time Employees	5.8K	5.9K	6.2K	5.9K	5.77K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.95B	4.35B	2.15B	2.07B	1.78B
Depreciation, Depletion & Amortization	637M	793M	887M	1.01B	1.06B
Amortization of Goodwill and Intangible Assets - (CF)	76.6M	95.2M	82.7M	118M	94M
Total Depreciation, Depletion & Amortization	713M	888M	970M	1.13B	1.15B
Amortization of Deferred Charges, Total	-	-	-	-	10.35M
(Gain) Loss On Sale of Asset - (CF)	-13.68M	-1.5M	-17.18M	-1.54M	-1.11M
(Gain) Loss on Sale of Investments - (CF)	-	-2.13B	-	-	-
Total Asset Writedown	-	-	-	-	4.35M
(Income) Loss On Equity Investments - (CF)	-81.6M	27.79M	1.44M	-8.78M	-7.78M
Stock-Based Compensation (CF)	59.82M	56.7M	41.57M	44.75M	39.9M
Change in Other Net Operating Assets (Collected)	-	-	18.9M	-29.78M	1.8M
Other Operating Activities	-87.66M	-74.28M	83.54M	-78.16M	203M
Cash from Operations	2.54B	3.12B	3.25B	3.13B	3.19B
Acquisition of Real Estate Assets, Total	-5.42B	-1.51B	-1.17B	-1.03B	-1.63B
Sale of Real Estate Assets, Total	16.3M	1.54M	39.99M	8.39M	8.15M
Net Sale / Acquisition of Real Estate Assets	-5.41B	-1.5B	-1.13B	-1.02B	-1.62B
Cash Acquisitions	-	-	-2.18B	-	-
Purchase / Sale of Intangible Assets	-175M	-24.8M	-238M	12.5M	63.4M
Investment in Marketable and Equity Securities, Total	19.52M	2.65B	10.98M	13.28M	-
Other Investing Activities, Total	-	-	-	-9.96M	-131M
Cash from Investing	-5.56B	1.12B	-3.54B	-1B	-1.69B
Long-Term Debt Issued, Total	5.04B	-	2.18B	1.15B	1.36B
Total Debt Issued	5.04B	-	2.18B	1.15B	1.36B
Long-Term Debt Repaid, Total	-2.22M	-513M	-8.26M	-809M	-652M
Total Debt Repaid	-2.22M	-513M	-8.26M	-809M	-652M
Issuance of Common Stock	95.86M	35.27M	53.13M	108M	9.41M
Repurchase of Common Stock	-13.07M	-16.83M	-13.95M	-213M	-8.65M
Issuance of Preferred Stock	1.18B	250M	-	-	-
Repurchase of Preferred Stock	-1.18B	-	-	-	-
Common Dividends Paid	-1.4B	-	-	-	-
Preferred Dividends Paid	-187M	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-3.91B	-2.31B	-2.3B	-2.3B
Common & Preferred Stock Dividends Paid	-1.59B	-3.91B	-2.31B	-2.3B	-2.3B
Other Financing Activities, Total	-39.95M	-39.72M	-19.8M	-14.09M	-32.97M
Cash from Financing	3.5B	-4.19B	-113M	-2.08B	-1.63B
Foreign Exchange Rate Adjustments	505K	-	-	-	-
Net Change in Cash	479M	43.87M	-405M	47.04M	-129M
Supplemental Items
Cash Interest Paid	77.7M	134M	146M	269M	273M
Cash Income Tax Paid (Refund)	-	-	11.06M	6.88M	6.35M
Net Debt Issued / Repaid	5.04B	-513M	2.17B	343M	705M
Levered Free Cash Flow	1.73B	2.23B	2.19B	2.41B	2.31B
Unlevered Free Cash Flow	1.79B	2.32B	2.32B	2.59B	2.49B
Change In Net Working Capital	-85.78M	-29.38M	-83.84M	-19.63M	173M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.55	7.84	7.8	6.97	7.05
Return on Total Capital	7.78	8.07	8.04	7.18	7.26
Return On Equity %	21.42	44.58	21.31	20.93	18.76
Return on Common Equity	34.64	75.6	34.23	33.97	30.91
Margin Analysis
Gross Profit Margin %	73.69	75.17	74.42	72.99	74.72
SG&A Margin	2.89	2.54	1.77	2.26	4.24
EBITDA Margin %	70.8	72.63	72.65	70.73	70.48
EBITA Margin %	52.59	53.93	53.13	49.27	48.59
EBIT Margin %	50.41	51.68	51.31	46.77	46.65
Income From Continuing Operations Margin %	56.01	102.98	47.52	44.2	37.18
Net Income Margin %	55.82	102.57	47.26	43.94	36.91
Net Avail. For Common Margin %	49.51	97.69	42.87	39.71	32.8
Normalized Net Income Margin	31.92	31.86	29.48	27.35	22.93
Levered Free Cash Flow Margin	49.44	52.68	48.18	51.01	47.82
Unlevered Free Cash Flow Margin	51.06	54.69	50.94	54.82	51.54
Asset Turnover
Asset Turnover	0.24	0.24	0.24	0.24	0.24
Fixed Assets Turnover	0.27	0.27	0.26	0.26	0.26
Short Term Liquidity
Current Ratio	0.78	1.54	0.28	0.36	0.27
Quick Ratio	0.75	1.48	0.26	0.36	0.19
Operating Cash Flow to Current Liabilities	2.59	5.96	2.3	2.52	1.87
Long Term Solvency
Total Debt/Equity	79.33	67.58	90.07	95.31	110.46
Total Debt / Total Capital	44.24	40.33	47.39	48.8	52.49
LT Debt/Equity	74.02	67.5	82.05	88.67	98.11
Long-Term Debt / Total Capital	41.28	40.28	43.17	45.4	46.62
Total Liabilities / Total Assets	45.78	42.08	48.98	50.32	53.77
EBIT / Interest Expense	19.43	16.07	11.6	7.67	7.41
EBITDA / Interest Expense	27.29	22.59	16.42	11.6	11.19
(EBITDA - Capex) / Interest Expense	27.29	22.59	16.42	11.6	11.19
Total Debt / EBITDA	3.02	2.23	2.76	2.8	3.03
Net Debt / EBITDA	2.72	1.98	2.64	2.67	2.94
Total Debt / (EBITDA - Capex)	3.02	2.23	2.76	2.8	3.03
Net Debt / (EBITDA - Capex)	2.72	1.98	2.64	2.67	2.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.25	21.18	7.21	3.74	2.51
Gross Profit, 1 Yr. Growth %	21.8	23.61	6.87	1.75	1.79
EBITDA, 1 Yr. Growth %	21.61	24.32	6.74	1	2.14
EBITA, 1 Yr. Growth %	22.71	24.25	4.96	-3.8	1.11
EBIT, 1 Yr. Growth %	18.88	24.25	5.74	-5.43	2.24
Earnings From Cont. Operations, 1 Yr. Growth %	43.96	122.81	-50.53	-3.5	-13.79
Net Income, 1 Yr. Growth %	43.92	122.66	-50.6	-3.55	-13.88
Diluted EPS Before Extra, 1 Yr. Growth %	56.92	138.1	-52.94	-3.8	-15.32
Normalized Net Income, 1 Yr. Growth %	32.82	20.99	-1.48	-3.75	-14.03
Net Property, Plant and Equip., 1 Yr. Growth %	47.06	4.78	14.64	-0.14	2.42
Total Assets, 1 Yr. Growth %	47.09	0.99	12.86	-0.27	2.3
Common Equity, 1 Yr. Growth %	9.84	9.33	-1.05	-5.31	-8.66
Tangible Book Value, 1 Yr. Growth %	8.12	11.33	-3.92	-3.71	-8.54
Cash From Operations, 1 Yr. Growth %	24.51	22.55	4.15	-3.65	1.86
Levered Free Cash Flow, 1 Yr. Growth %	16.75	29.14	-2.36	-9.74	-3.9
Unlevered Free Cash Flow, 1 Yr. Growth %	17.78	29.81	-0.53	-7.36	-3.25
Dividend Per Share, 1 Yr. Growth %	0	0	50	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.38	18.97	11.63	4.85	3.12
Gross Profit, 2 Yr. CAGR %	10.5	22.38	11.64	3.48	1.97
EBITDA, 2 Yr. CAGR %	9.94	22.62	11.87	3.02	1.57
EBITA, 2 Yr. CAGR %	8.85	23.01	9.84	-0.57	-1.38
EBIT, 2 Yr. CAGR %	7.14	21.07	10.07	-1.1	-1.67
Earnings From Cont. Operations, 2 Yr. CAGR %	13.33	79.1	4.99	-30.91	-8.79
Net Income, 2 Yr. CAGR %	13.34	79.01	4.87	-30.98	-8.86
Diluted EPS Before Extra, 2 Yr. CAGR %	16.36	93.29	5.86	-32.71	-9.74
Normalized Net Income, 2 Yr. CAGR %	8.52	26.24	4.9	-3.81	-9.1
Net Property, Plant and Equip., 2 Yr. CAGR %	24.93	24.13	9.6	7	1.13
Total Assets, 2 Yr. CAGR %	23.66	21.88	6.76	6.09	1
Common Equity, 2 Yr. CAGR %	2.35	9.58	4.01	-3.2	-7
Tangible Book Value, 2 Yr. CAGR %	1.45	9.71	3.42	-3.81	-6.15
Cash From Operations, 2 Yr. CAGR %	10.91	23.52	12.98	0.18	-0.93
Levered Free Cash Flow, 2 Yr. CAGR %	8.81	22.5	9.37	1.76	-7.01
Unlevered Free Cash Flow, 2 Yr. CAGR %	9.52	23.36	10.77	3.61	-5.51
Dividend Per Share, 2 Yr. CAGR %	0	0	22.47	22.47	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.39	13.18	14.91	8.93	4.06
Gross Profit, 3 Yr. CAGR %	7.62	14.71	16.71	8.24	3.96
EBITDA, 3 Yr. CAGR %	8.05	14.54	17.26	8.13	2.72
EBITA, 3 Yr. CAGR %	7.14	13.76	16.92	5.09	-0.01
EBIT, 3 Yr. CAGR %	6.02	12.56	15.98	4.64	0
Earnings From Cont. Operations, 3 Yr. CAGR %	4.5	41.98	16.64	2.08	-25.62
Net Income, 3 Yr. CAGR %	4.51	41.95	16.54	1.99	-25.69
Diluted EPS Before Extra, 3 Yr. CAGR %	4.94	47.72	20.7	2.54	-27.35
Normalized Net Income, 3 Yr. CAGR %	6.48	12.53	16.48	1.93	-7.34
Net Property, Plant and Equip., 3 Yr. CAGR %	17.47	17.81	20.88	6.25	5.45
Total Assets, 3 Yr. CAGR %	16.73	15.59	18.79	4.36	4.81
Common Equity, 3 Yr. CAGR %	0.91	4.62	5.92	0.8	-5.06
Tangible Book Value, 3 Yr. CAGR %	0.32	4.64	4.97	0.99	-5.41
Cash From Operations, 3 Yr. CAGR %	7.22	14.66	16.7	7.14	0.74
Levered Free Cash Flow, 3 Yr. CAGR %	5.02	15.2	13.73	9.53	-0.17
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.68	15.9	14.97	11.06	1.14
Dividend Per Share, 3 Yr. CAGR %	0	0	14.47	14.47	14.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6	9.09	9.98	10.02	10.04
Gross Profit, 5 Yr. CAGR %	5.8	9.37	10.34	10.27	11.16
EBITDA, 5 Yr. CAGR %	5.88	9.53	10.96	10.23	10.71
EBITA, 5 Yr. CAGR %	4.88	8.6	10.04	8.38	9.22
EBIT, 5 Yr. CAGR %	4.31	7.89	9.52	7.5	8.57
Earnings From Cont. Operations, 5 Yr. CAGR %	6.06	24.69	4.7	6.44	5.71
Net Income, 5 Yr. CAGR %	6.09	24.7	4.66	6.38	5.62
Diluted EPS Before Extra, 5 Yr. CAGR %	7.7	28.41	5.31	7.86	7.45
Normalized Net Income, 5 Yr. CAGR %	4.33	8.39	7.69	6.34	5.51
Net Property, Plant and Equip., 5 Yr. CAGR %	11.4	11.68	14.26	13.36	12.56
Total Assets, 5 Yr. CAGR %	11.4	10.34	12.63	11.69	11.33
Common Equity, 5 Yr. CAGR %	0.75	3.09	2.14	1.42	0.55
Tangible Book Value, 5 Yr. CAGR %	0.41	3.16	1.55	1.18	0.37
Cash From Operations, 5 Yr. CAGR %	5.51	9.58	9.49	8.63	9.3
Levered Free Cash Flow, 5 Yr. CAGR %	4.73	9.49	7.96	10.49	9.2
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.37	10.19	8.88	11.66	10.33
Dividend Per Share, 5 Yr. CAGR %	1.85	0	8.45	8.45	8.45