Public Storage Financial Ratios — PSA Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	10.77	12.89	16.18	17.56	20.59	23.4	23.62	29.87	25.32	22.57	34.75	75.83	34.31	34.05	30.99
Return on Assets (%)	8.94	10.6	11.27	11.62	13.38	14.6	13.83	15.8	13.64	11.71	13.38	24.9	11.5	10.47	8.93
Return on Capital (%)	9.28	11.04	11.55	11.91	13.68	15	14.32	16.58	14.5	12.75	14.54	26.33	12.89	12.23	- -
Return on Invested Capital (%)	8.47	10.07	10.42	10.98	12.91	14.21	14.07	13.5	13.62	12.77	12.01	25.08	12.59	11.37	- -
Gross Margin (%)	67.71	69.83	71.51	71.83	73.32	73.87	73.47	72.56	71.52	70.24	73.05	74.82	74.59	73.21	72.85
EBITDA Margin (%)	64.6	66.76	68.12	68.55	69.61	70.6	70.36	68.77	69.34	67.39	70.45	123.33	72.22	70.61	70.23
Operating Margin (%)	44.07	47.33	48.4	48.47	51.73	53.68	53.33	51.24	51.38	48.41	49.94	51.87	51.33	46.88	46.86
Incremental Operating Margin (%)	58.44	100.34	64.62	49.11	86.4	79.67	45.05	- -	55.25	- -	58.85	60.5	44.59	- -	46.16
Pretax Margin (%)	48	50.48	53.82	52.81	55.33	57.03	54.28	62.23	53.44	46.7	57.73	104.74	48.05	44.49	37.1
Profit Margin (%)	47.46	50.98	53.56	52.55	55.06	56.77	54.05	62	53.26	46.56	57.18	103.99	47.55	44.13	36.99
Net Income to Common Margin (%)	32.45	36.49	43.16	41.87	44.39	46.42	44.08	54.17	44.75	37.8	50.87	99.34	43.24	39.98	32.95
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.63	0.33	0.5	0.22	- -
Dvd Payout Ratio (%)	100.08	103.78	103.36	104.86	104.38	103.2	114.77	92.65	106.05	121.73	78.46	88.66	106.75	110.78	130.57
Sustainable Growth Rate (%)	-0.01	-0.49	-0.54	-0.85	-0.9	-0.75	-3.49	2.19	-1.53	-4.9	7.49	8.6	-2.32	-3.67	-9.47

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	398	469	839	64	319	391	1,431	1,412	1,902	2,545	7,475	6,871	9,103	9,353	10,254
ST Debt	- -	133	50	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	398	336	789	64	319	391	1,431	1,412	1,902	2,545	7,475	6,871	9,103	9,353	10,254
Total Debt/EBITDA	0.36	0.38	0.63	0.04	0.19	0.22	0.76	0.74	0.96	1.3	3.11	1.33	2.79	2.82	3.03
Net Debt/EBITDA	0.23	0.37	0.61	-0.08	0.13	0.11	0.53	0.55	0.75	1.16	2.8	1.18	2.68	2.69	2.93
Total Debt/EBIT	0.52	0.54	0.88	0.06	0.26	0.28	1.01	1	1.3	1.8	4.42	1.61	3.97	4.28	4.59
Net Debt/EBIT	0.34	0.52	0.86	-0.12	0.17	0.15	0.7	0.74	1.02	1.62	3.98	1.43	3.81	4.07	4.44
EBITDA to Interest Expense	46.29	62.08	207.71	219.49	2,763.36	420.42	147.96	58.32	43.38	34.9	26.51	37.84	16.22	11.54	11.13
EBITDA-CapEx/Interest Expense	45.5	61.55	193.67	198.67	2,382.57	357.65	121.29	47.91	43.38	34.9	26.51	37.84	16.22	11.54	11.13
EBIT to Interest Expense	31.58	44.01	147.59	155.21	2,053.35	319.65	112.15	43.45	32.14	25.07	18.79	15.91	11.53	7.66	7.42
Interest Expense	24	20	6	7	1	4	13	33	46	56	91	136	201	287	304
Common Equity/Total Assets	57.96	59.77	52.95	52.51	52.32	49.8	45.79	46.62	43.97	40.34	30.12	32.61	28.59	27.15	24.24
Long-Term Debt/Equity (%)	4.79	4.13	8.95	0.68	3.47	4.14	15.97	15.44	20.95	29.67	79.33	67.58	90.07	95.31	109.76
Long-Term Debt/Capital (%)	4.57	3.91	8.17	0.67	3.35	3.97	13.77	13.38	17.32	22.88	44.24	40.33	47.39	48.8	52.33
Long-Term Debt/Total Assets (%)	4.46	3.82	7.99	0.66	3.26	3.86	13.34	12.92	16.74	21.54	43.01	39.14	45.95	47.35	50.74
Total Debt/Equity (%)	4.79	5.77	9.51	0.68	3.47	4.14	15.97	15.44	20.95	29.67	79.33	67.58	90.07	95.31	109.76
Total Debt/Capital (%)	4.57	5.46	8.69	0.67	3.35	3.97	13.77	13.38	17.32	22.88	44.24	40.33	47.39	48.8	52.33
Total Debt/Total Assets (%)	4.46	5.33	8.5	0.66	3.26	3.86	13.34	12.92	16.74	21.54	43.01	39.14	45.95	47.35	50.74
Net Debt to Equity	3.12	5.56	9.3	-1.3	2.33	2.19	11.13	11.49	16.44	26.67	71.53	59.96	86.41	90.75	106.36
Net Debt/Capital (%)	3.02	5.27	8.51	-1.31	2.28	2.15	10.02	10.31	14.12	21.05	41.7	37.48	46.35	47.57	51.54
EBITDA	1,121	1,230	1,339	1,493	1,658	1,808	1,878	1,898	1,980	1,964	2,406	5,158	3,263	3,315	3,388
EBITDA-CapEx	1,102	1,219	1,248	1,351	1,430	1,538	1,539	1,559	1,980	1,964	2,406	5,158	3,263	3,315	3,388
Operating Income (Loss)	765	872	951	1,055	1,232	1,374	1,423	1,414	1,467	1,411	1,706	2,169	2,319	2,201	2,260

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.66	0.05	0.07	0.76	0.4	0.62	1.29	0.97	1.07	0.65	1.52	1.51	0.62	0.76	0.52
Current Ratio	2.57	1.28	1.67	0.76	0.4	0.62	1.29	0.97	1.07	0.65	1.52	1.51	0.62	0.78	0.75
Quick Ratio	2.57	1.28	1.67	0.76	0.4	0.62	1.29	0.97	1.07	0.65	1.52	1.51	0.62	0.78	0.75
CFO/Avg Current Liab	5.78	4.71	4.74	6.22	6.87	6.95	6.21	5.83	5.48	5.25	5.8	6.25	5.83	5.27	5.31
Common Equity/Total Assets	57.96	59.77	52.95	52.51	52.32	49.8	45.79	46.62	43.97	40.34	30.12	32.61	28.59	27.15	24.24
Long-Term Debt/Equity (%)	4.79	4.13	8.95	0.68	3.47	4.14	15.97	15.44	20.95	29.67	79.33	67.58	90.07	95.31	109.76
Long-Term Debt/Capital (%)	4.57	3.91	8.17	0.67	3.35	3.97	13.77	13.38	17.32	22.88	44.24	40.33	47.39	48.8	52.33
Long-Term Debt/Total Assets (%)	4.46	3.82	7.99	0.66	3.26	3.86	13.34	12.92	16.74	21.54	43.01	39.14	45.95	47.35	50.74
Total Debt/Equity (%)	4.79	5.77	9.51	0.68	3.47	4.14	15.97	15.44	20.95	29.67	79.33	67.58	90.07	95.31	109.76
Total Debt/Capital (%)	4.57	5.46	8.69	0.67	3.35	3.97	13.77	13.38	17.32	22.88	44.24	40.33	47.39	48.8	52.33
Total Debt/Total Assets (%)	4.46	5.33	8.5	0.66	3.26	3.86	13.34	12.92	16.74	21.54	43.01	39.14	45.95	47.35	50.74
CFO/Total Liabilities	197.52	191.74	135.27	514.77	301.12	282.47	111.56	115.7	90.46	63.06	31.96	42.21	33.46	31.47	29.32
CFO/CapEx	62.8	120.29	15.8	11.33	7.65	7.21	5.83	6.09	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	10.04	6.59	4.67	4.86	3.43	3.68	3.04

Working Capital (USD)

Working Capital Ratios API ChatGPT

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Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	35,937	32,717	55,294	51,679	45,811	51,807	45,567
- Cash & Cash Equivalents	139	17	19	188	104	184	433	361	410	258	735	775	370	447	318
+ Preferred Equity and Hybrid Capital	3,111	2,838	3,563	4,325	4,055	4,368	4,025	4,025	4,065	3,793	4,100	4,350	4,350	4,350	4,350
+ Minority/Non Controlling Interest	35	29	27	26	27	30	24	25	17	18	88	93	94	101	94
+ Total Debt	398	469	839	64	319	391	1,431	1,412	1,902	2,545	7,475	6,871	9,103	9,353	10,254
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	41,511	38,815	66,223	62,218	58,988	65,164	59,946
Total Capital	8,722	8,592	9,658	9,572	9,517	9,832	10,396	10,557	10,982	11,122	16,899	17,038	19,210	19,167	19,596
Total Debt/Capital (%)	4.57	5.46	8.69	0.67	3.35	3.97	13.77	13.38	17.32	22.88	44.24	40.33	47.39	48.8	52.33
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.05	0.07	0.11	0.11	0.15	0.14	0.17
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	14.54	13.32	19.39	14.88	13.06	13.88	12.43
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	20.97	19.76	27.52	12.06	18.08	19.65	17.69
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	28.3	27.51	39.12	14.57	25.73	29.81	26.81
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	19.64	18.49	25.14	19.13	17.11	19.08	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	19.64	18.49	25.14	19.13	17.11	19.08	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	35,960	32,728	55,431	51,978	45,934	51,993	45,671
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	41,534	38,826	66,360	62,517	59,111	65,350	60,051
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	238	222.33	378.13	354.99	335.79	371.5	341.57
TTM Sales	1,736	1,843	1,965	2,177	2,382	2,561	2,669	2,760	2,855	2,915	3,416	4,182	4,518	4,696	4,824
TTM EBITDA	1,121	1,230	1,339	1,493	1,658	1,808	1,878	1,898	1,980	1,964	2,406	5,158	3,263	3,315	3,388
TTM Operating Income	765	872	951	1,055	1,232	1,374	1,423	1,414	1,467	1,411	1,706	2,169	2,319	2,201	2,260
TTM Cash Flow to Firm	1,228	1,305	1,437	1,610	1,749	1,950	1,986	2,096	2,113	2,099	2,634	3,253	3,447	3,415	- -
TTM Free Cash Flow to Firm	1,209	1,295	1,346	1,469	1,520	1,680	1,647	1,757	2,113	2,099	2,634	3,253	3,447	3,415	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	17.39	16.02	21.79	16.67	14.15	16.62	14.33
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	28.3	27.51	39.12	14.57	25.73	29.81	26.81
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	41,511	38,815	66,223	62,218	58,988	65,164	59,946
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	206.04	187.4	307.47	294.86	260.78	265.56	259.64
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	14.54	13.32	19.39	14.88	13.06	13.88	12.43
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	20.97	19.76	27.52	12.06	18.08	19.65	17.69
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	28.11	29.68	31.77	12.44	23.42	27.59	28.66
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	28.46	33.37	32	14.4	27.45	28.57	31.97
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	28.82	35.41	33.15	15.09	30.61	34.42	34.78
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	28.11	29.68	30.94	12.44	23.42	24.81	28.66
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	7.19	6.86	10.56	9.03	8.09	9.66	9.3
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	7.28	7.72	10.64	10.45	9.48	10	10.38
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	7.37	8.19	11.02	10.95	10.57	12.05	11.29
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	7.19	6.86	10.29	9.03	8.09	8.69	9.3
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	7.5	7.17	11.21	9.41	8.68	10.2	9.81
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	7.59	8.06	11.29	10.89	10.18	10.56	10.94
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	7.69	8.56	11.7	11.42	11.35	12.72	11.9
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	7.5	7.17	10.92	9.41	8.68	9.17	9.81
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	12.58	11.22	16.16	12.36	10.13	11.03	9.44
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	12.74	12.61	16.28	14.3	11.87	11.42	10.54
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	12.9	13.38	16.87	14.99	13.24	13.76	11.46
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	12.58	11.22	15.74	12.36	10.13	9.92	9.44
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	17.37	16.01	21.7	16.58	14.09	16.56	14.3
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	17.59	18	21.86	19.19	16.52	17.14	15.95
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	17.81	19.1	22.65	20.11	18.42	20.66	17.35
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	17.37	16.01	21.14	16.58	14.09	14.89	14.3
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	17.61	18.01	21.95	19.3	16.58	17.21	15.99
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	17.83	19.11	22.74	20.22	18.49	20.74	17.4
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	17.39	16.02	21.22	16.67	14.15	14.94	14.33
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	14.7	14.71	19.51	16.82	14.8	14.27	13.52
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	14.86	15.48	20.09	17.51	16.17	16.61	14.45
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	14.54	13.32	18.96	14.88	13.06	12.76	12.43
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	21.2	21.83	27.69	13.64	20.49	20.21	19.25
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	21.43	22.97	28.52	14.2	22.39	23.53	20.57
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	20.97	19.76	26.92	12.06	18.08	18.08	17.69
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	28.61	30.39	39.36	16.48	29.17	30.66	29.17
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	28.92	31.98	40.54	17.15	31.86	35.69	31.17
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	28.3	27.51	38.26	14.57	25.73	27.42	26.81
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	206.04	187.4	315.72	294.86	260.78	295.35	259.64
High Price	- -	- -	- -	- -	- -	- -	- -	- -	211.25	223.59	329.46	357.62	340.83	368.53	315.16
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	41,966	42,887	66,626	70,362	66,867	67,007	65,221
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	42,420	45,132	68,628	73,218	73,052	77,999	69,690
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	41,511	38,815	64,777	62,218	58,988	59,939	59,946

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	170	171	172	172	173	173	174	174	174	175	175	175	176	175	176
Diluted Weighted Avg Shares	171	172	173	173	174	174	174	174	175	175	176	176	176	176	176
Basic Weighted Avg Shares	170	171	172	172	173	173	174	174	174	174	175	175	175	175	175
Revenue per Share	10.23	10.8	11.45	12.64	13.79	14.79	15.37	15.86	16.38	16.71	19.53	23.86	25.75	26.78	27.5
EBITDA per Share	6.61	7.21	7.8	8.66	9.6	10.44	10.82	10.91	11.36	11.26	13.76	29.43	18.59	18.91	19.31
Operating Income per Share	4.51	5.11	5.54	6.13	7.13	7.94	8.2	8.13	8.42	8.09	9.76	12.38	13.22	12.55	12.88
Basic EPS, GAAP	3.32	3.94	4.94	5.29	6.12	6.87	6.78	8.59	7.33	6.31	9.94	23.71	11.13	10.71	9.06
Basic EPS from Cont Ops	4.91	5.45	6.16	6.68	7.63	8.44	8.34	9.87	8.75	7.8	11.21	24.91	12.31	11.89	10.24
Diluted EPS, GAAP	3.3	3.92	4.91	5.26	6.09	6.84	6.75	8.58	7.32	6.31	9.9	23.57	11.09	10.66	9.04
Diluted EPS from Cont Ops	4.88	5.42	6.12	6.64	7.59	8.4	8.32	9.85	8.74	7.79	11.16	24.77	12.26	11.84	10.22
Dividend per Share	4.99	5.62	6.36	6.97	7.94	8.7	9.39	9.27	9.23	9.21	9.09	22.3	13.14	13.13	13.13
Cash Flow per Share	7.09	7.54	8.33	9.31	10.12	11.24	11.36	11.86	11.86	11.71	14.55	17.79	18.5	17.84	18.16
Free Cash Flow per Basic Share	6.98	7.48	7.81	8.49	8.8	9.68	9.41	9.91	11.86	11.71	14.55	17.79	18.5	17.84	18.16
Cash & Equivalents per Share	0.82	0.1	0.11	1.09	0.6	1.06	2.49	2.07	2.35	1.48	4.19	4.42	2.11	2.55	1.81
Book Value per Share	30.41	30.67	30.44	29.9	29.58	29.11	28.27	29.26	28.65	27.3	29.89	32.66	32.24	30.57	27.91
Tangible Book Value per Share	29.18	29.45	29.01	28.57	28.36	27.88	27.03	28.05	27.47	26.13	28.16	31.33	30.03	28.96	26.48