Public Storage

Public Storage

PSA-PI
Public StorageUS flagNew York Stock Exchange
17.90
USD
+0.05
- -
56.83BMarket 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
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
27.56
Tangible Book Value per Share
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
26.26
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
4,890
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
46.1
Depreciation Expense
387
437
426
433
455
484
513
553
713
888
970
1,130
1,152
1,164
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
2,044
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
0.63
0.33
0.5
0.22
- -
1.38
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
41.8
Working Capital
179
-59
-157
-114
96
-10
26
-137
253
261
-229
-131
-153
-218
LT Debt
789
64
319
391
1,431
1,412
1,902
2,545
7,475
6,871
9,103
9,353
10,254
10,180
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
9,286
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 (%)
11.55
11.91
13.68
15
14.32
16.58
14.5
12.75
14.54
26.33
12.89
12.23
- -
31.33
Return on Common Equity (%)
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
37.51

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
325
- -
LT Borrowings
10,254
9,707
10,180
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
4,350
4,350
4,350
Shares Outstanding
176
176
176
Market Capitalization
3,389
3,267
3,293

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
460
277
433
Cash, Cash Equivalents & STI
318
135
260
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
613
823
652
Payables & Accruals
613
498
652
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
1,233
- -
- -
- -

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

CEO
H. Thomas Boyle
Full Time Employees
5,770
Sector
Real Estate
Industry
REIT - Industrial
Address
2811 Internet Boulevard Frisco TX United States of America 75034
IPO Date
Sep 16, 2019
Business
Public Storage (NYSE: PSA, PSA-PI), a member of the S&P 500, operates as the world's largest owner, operator, and developer of self-storage facilities, providing secure storage solutions to approximately two million individual and business customers through more than 3,300 facilities across 38 states in the United States and interests in Europe via Shurgard Self Storage. The company offers a comprehensive range of self-storage units in various sizes, including climate-controlled options, drive-up access, and vehicle storage; month-to-month rentals with online reservations and payments; moving and packing supplies such as boxes, tape, locks, and bubble wrap; and tenant reinsurance plans protecting stored goods against damage or loss from specific events. Founded in 1972 and headquartered in Glendale, California, Public Storage generates revenue primarily from rental income, ancillary sales, and operational efficiencies driven by digital tools and AI-optimized staffing. In recent developments, Public Storage has aggressively expanded its portfolio through acquisitions, completing the purchase of 74 self-storage facilities totaling 5.2 million net rentable square feet for approximately $810 million as of September 30, 2025, alongside 49 additional facilities encompassing 3.4 million net rentable square feet for $511.4 million in the third quarter. Year-to-date through 2025, the company has finalized or placed under contract acquisitions of 6.1 million net rentable square feet for an aggregate investment of about $934.5 million, with further pipeline activity exceeding $1.1 billion in announced deals and developments. These moves, coupled with completed expansion projects adding over 1.1 million net rentable square feet year-to-date and a raised 2025 outlook for NOI growth, Core FFO per share, and overall performance, position Public Storage to capitalize on stabilizing industry fundamentals and declining new supply competition.