Public Storage

Public Storage

PSA-PG
Public StorageUS flagNew York Stock Exchange
20.09
USD
-0.03
- -
3.53BMarket Cap
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
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
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
4,859
Operating Margin (%)
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
46.78
Depreciation Expense
387
437
426
433
455
484
513
553
713
888
970
1,130
1,152
1,160
Net Income, GAAP
1,052
1,144
1,311
1,454
1,442
1,711
1,521
1,357
1,953
4,349
2,148
2,072
1,784
1,903
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
0.63
0.33
0.5
0.22
- -
1.73
Profit Margin (%)
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
39.16
Working Capital
179
-59
-157
-114
96
-10
26
-137
253
261
-229
-131
-153
-546
LT Debt
789
64
319
391
1,431
1,412
1,902
2,545
7,475
6,871
9,103
9,353
10,254
9,707
Total Equity
8,819
9,507
9,198
9,442
8,964
9,145
9,080
8,577
9,424
10,167
10,107
9,814
9,342
9,320
Return on Invested Capital (%)
10.42
10.98
12.91
14.21
14.07
13.5
13.62
12.77
12.1
12.74
12.73
11.45
- -
- -
Return on Capital (%)
29.27
27.98
32.47
34.96
31.7
35.73
30.49
26.12
24.56
39.98
19.06
17.76
- -
43.36
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
325
LT Borrowings
10,043
10,254
9,707
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
4,350
4,350
4,350
Shares Outstanding
175
176
176
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
296
460
277
Cash, Cash Equivalents & STI
296
318
135
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
664
613
823
Payables & Accruals
664
613
498
ST Debt
- -
- -
325
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.28%
1.89%
-4.81%
Free Cash Flow
8.14%
9.88%
1.86%
Net Income, GAAP
10.54%
19.71%
-13.88%
Sales/Revenue/Turnover
7.5%
10.86%
2.74%
Total Cash Common Dividend
14.9%
25.76%
0.07%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,157
1,173
1,188
1,177
4,696
2025
1,183
1,201
1,224
1,216
4,824
2026
1,218
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
H. Thomas Boyle
Full Time Employees
5,900
Sector
Real Estate
Industry
REIT - Industrial
Address
701 Western Avenue Glendale CA United States of America 91201-2349
IPO Date
Aug 1, 2017
Business
Public Storage Public Storage operates as a leading real estate investment trust that acquires, develops, owns, and manages self-storage facilities, offering storage spaces of varying sizes and features including climate-controlled units, drive-up access, and vehicle storage for personal, business, and tenant needs; it also provides tenant reinsurance products covering stored goods against damage or loss, sells moving and packing supplies such as boxes, locks, tape, and bubble wrap, and manages third-party properties. The company serves individuals moving or renovating, businesses storing excess inventory, and students requiring temporary space, with operations spanning thousands of facilities across 40 U.S. states containing over 220 million net rentable square feet and exposure to the European market through a significant equity interest in Shurgard Self Storage centered in countries like Belgium. Founded in 1972 and headquartered in Glendale, California, Public Storage maintains a strong presence in major metropolitan areas of the United States and Europe. In 2025, the company aggressively expanded through acquisitions, purchasing approximately 74 facilities totaling 5.2 million square feet for $814.6 million in the first nine months, including 49 properties with 3.4 million square feet for $511.4 million in the third quarter alone; it also advanced a development pipeline of 3.9 million square feet at an expected cost of $649 million, opened new facilities and expansions adding hundreds of thousands of square feet, and leveraged AI for operational efficiencies achieving a 78.5% same-store NOI margin while raising full-year core FFO guidance.