Projected Income Statement: Public Storage

Forecast Balance Sheet: Public Storage

Forecast Balance Sheet - Public Storage
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 6,741 6,096 8,733 8,906 9,936 12,796 13,167 13,461
Change - -9.57% 43.26% 1.98% 11.57% 28.79% 2.9% 2.23%
Announcement Date 2/22/22 2/21/23 2/20/24 2/24/25 2/12/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Public Storage

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 5,599 773.3 1,074 834 1,475 489.8 494.5 540
Change - -86.19% 38.91% -22.36% 76.84% -66.79% 0.96% 9.21%
Free Cash Flow (FCF) 1 - 2,344 1,828 - - - - -
Change - - -21.99% - - - - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/24/25 2/12/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Public Storage

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 74.73% 72.08% 72.22% 70.61% 70.23% 71.18% 72.13% 71.73%
EBIT Margin (%) 52.46% 50.84% 50.75% 46.55% 46.35% 45.81% 45.69% 46.46%
EBT Margin (%) 61.17% 104.4% 48.05% 44.49% 37.1% 41.24% 40.75% 40.51%
Net margin (%) 54.08% 99.05% 43.14% 39.88% 32.87% 36.76% 35.76% 36.39%
FCF margin (%) - 56.04% 40.47% - - - - -
FCF / Net Income (%) - 56.58% 93.82% - - - - -

Profitability

        
ROA 11.87% 23.72% 10.43% 9.47% 7.94% 7.9% 7.58% 8.11%
ROE 19.36% 42.69% 19.4% 18.99% 18.82% 21.95% 22.84% 25.64%

Financial Health

        
Leverage (Debt/EBITDA) 2.82x 2.02x 2.68x 2.69x 2.93x 3.53x 3.31x 3.3x
Debt / Free cash flow - 2.6x 4.78x - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 174.78% 18.49% 23.78% 17.76% 30.57% 9.6% 8.98% 9.5%
CAPEX / EBITDA (%) 233.89% 25.65% 32.92% 25.15% 43.53% 13.49% 12.44% 13.25%
CAPEX / FCF (%) - 32.99% 58.75% - - - - -

Items per share

        
Cash flow per share 1 - 17.68 18.43 17.77 18.11 17.06 17.46 18.11
Change - - 4.24% -3.59% 1.94% -5.8% 2.35% 3.71%
Dividend per Share 1 8 21.15 12 12 12 12.02 12.31 12.66
Change - 164.37% -43.26% 0% 0% 0.2% 2.35% 2.88%
Book Value Per Share 1 53.17 57.48 57 55.37 52.7 68.86 63.75 61.81
Change - 8.1% -0.83% -2.86% -4.83% 30.67% -7.41% -3.04%
EPS 1 9.87 23.5 11.06 10.64 9.01 10.11 9.882 10.57
Change - 138.1% -52.94% -3.8% -15.32% 12.19% -2.24% 6.94%
Nbr of stocks (in thousands) 175,355 175,638 175,836 175,183 175,463 186,852 186,852 186,852
Announcement Date 2/22/22 2/21/23 2/20/24 2/24/25 2/12/26 - - -
1USD
Estimates
2026 *2027 *
P/E 28.6x 29.2x
PBR 4.19x 4.53x
EV / Sales 13.1x 12.2x
Yield 4.16% 4.26%

EPS & Dividend

EPS & Dividend - Public Storage


Y-o-Y evolution of P/E

Valuation ratios - P/E - Public Storage
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Public Storage
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - Public Storage
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
288.76USD
Average target price
332.00USD
Spread / Average Target
+14.97%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Public Storage