PSA
Company Description
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 September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.82B | 4.70B | 4.52B | 4.18B | 3.42B | 2.92B | 2.86B | 2.76B | 2.67B | 2.56B | 2.38B | 2.18B |
| Net Income | 1.78B | 2.07B | 2.15B | 4.35B | 1.95B | 1.36B | 1.52B | 1.71B | 1.44B | 1.45B | 1.31B | 1.14B |
| EPS | 9.04 | 10.68 | 11.11 | 23.64 | 9.91 | 6.29 | 7.30 | 9.84 | 6.75 | 6.84 | 6.10 | 5.27 |
| Free Cash Flow | 2.90B | 2.71B | 2.79B | 2.66B | 2.27B | 1.87B | 1.88B | 1.92B | 1.85B | 1.59B | N/A | N/A |
| FCF / Share | 16.51 | 15.44 | 15.87 | 15.16 | 13.00 | 10.73 | 10.79 | 11.05 | 10.67 | 9.21 | N/A | N/A |
| Operating CF | 3.19B | 3.13B | 3.25B | 3.12B | 2.54B | 2.04B | 2.07B | 2.06B | 1.97B | 1.95B | N/A | N/A |
| Total Assets | 20.21B | 19.75B | 19.81B | 17.55B | 17.38B | 11.82B | 11.37B | 10.93B | 10.73B | 10.13B | N/A | N/A |
| Total Debt | 10.25B | 9.35B | 9.10B | 6.87B | 7.48B | 2.54B | 1.90B | 1.41B | 1.43B | 390.75M | N/A | N/A |
| Cash & Equiv | 318.10M | 447.42M | 370.00M | 775.25M | 734.60M | 257.56M | 409.74M | 361.22M | 433.38M | 183.69M | N/A | N/A |
| Book Value | 9.25B | 9.71B | 10.01B | 10.07B | 9.34B | 8.56B | 9.06B | 9.12B | 8.94B | 9.41B | N/A | N/A |
| Return on Equity | 0.19 | 0.21 | 0.21 | 0.43 | 0.21 | 0.16 | 0.17 | 0.19 | 0.16 | 0.15 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.22B | 1.22B | 1.22B | 1.20B | 1.18B | 1.18B | 1.19B | 1.17B | 1.16B | 1.16B | 1.14B | 1.12B |
| Net Income | 526.27M | 507.07M | 511.06M | 358.42M | 407.79M | 614.61M | 430.33M | 518.13M | 508.95M | 439.29M | 613.30M | 578.03M |
| EPS | 2.72 | 2.60 | 2.63 | 1.76 | 2.04 | 3.22 | 2.17 | 2.67 | 2.61 | 2.22 | 3.21 | 3.01 |
| Free Cash Flow | 625.29M | 633.50M | 988.44M | 817.37M | 647.05M | 665.45M | 688.41M | 793.27M | 561.11M | 653.65M | 750.80M | 780.82M |
| FCF / Share | 3.56 | 3.61 | 5.63 | 4.66 | 3.69 | 3.80 | 3.93 | 4.52 | 3.19 | 3.72 | 4.28 | 4.45 |
| Operating CF | 694.80M | 733.59M | 875.09M | 872.71M | 705.06M | 768.62M | 798.77M | 895.28M | 665.59M | 791.68M | 875.67M | 882.40M |
| Total Assets | 19.85B | 20.21B | 20.11B | 20.54B | 19.62B | 19.75B | 19.80B | 19.79B | 19.62B | 19.81B | 19.88B | 17.56B |
| Total Debt | 9.71B | 10.25B | 10.04B | 10.44B | 9.42B | 9.35B | 9.47B | 9.40B | 9.07B | 9.10B | 9.03B | 6.89B |
| Cash & Equiv | 134.61M | 318.10M | 296.46M | 1.10B | 287.18M | 447.42M | 599.00M | 542.26M | 271.64M | 370.00M | 629.77M | 651.66M |
| Book Value | 9.22B | 9.25B | 9.31B | 9.37B | 9.57B | 9.71B | 9.61B | 9.71B | 9.95B | 10.01B | 10.11B | 10.07B |
| Return on Equity | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.06 | 0.04 | 0.05 | 0.05 | 0.04 | 0.06 | 0.06 |