Public Storage Historical Financial Statements

Stocks . USA . 
Stock . Public Storage
PSA Stock  USD 297.48  -4.07  -1.35%   
A thorough review of Public Storage's financial statements uncovers patterns in revenue and profitability. Core fundamentals used to assess intrinsic value are listed below:
 Gross Profit
3.64 billion
 Profit Margin
34.0%
 Market Capitalization
52.94 billion
 Enterprise Value Revenue
13.83
 Revenue
4.87 billion
Covering one hundred twenty fundamental gauges, Public Storage's reporting history allows for detailed trend and competitors comparison. To gauge whether Public Storage's fundamentals are trending favorably, verify the latest data against the full record between 2010 and 2026. Using the latest reported data from December 31, 2025, Market Cap is near current levels at $3.58 billion. Also, Enterprise Value is near current levels at $3.59 billion.

Public Storage Total Revenue

$5.07 billion
Total Revenue stood at $4.82 billion as of December 31, 2025.
Financial data for Public Storage includes Interest Expense of 319.7 M, Selling General Administrative of 112 M, and Total Revenue of 5.1 B within reported statements.
  
The Public Storage Correlation data places Public Storage in a competitive context. Correlation metrics with competitors are computed from historical series.
Exploring Public Stock for the first time? Start with our How to Buy Public Stock step-by-step guide.

Balance Sheet Accounts

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets$21.22 billion$20.21 billion12.8 B
Consistent Growth
Short and Long Term Debt Total$10.77 billion$10.25 billion3.8 B
Consistent Growth
Total Current Liabilities$377.29 million$612.89 million393.3 M
Moderate Growth
Total Stockholder Equity$5.69 billion$9.25 billion8.4 B
High Variability
Property Plant And Equipment Net$184.64 million$194.35 million1.1 B
High Variability
Other Assets$20.62 billion$19.64 billion6.3 B
Moderate Growth
Common Stock Shares Outstanding122.62 million175.9 million161.1 M
High Variability
Liabilities And Stockholders Equity$21.22 billion$20.21 billion12.8 B
Consistent Growth
Non Current Liabilities Total$10.77 billion$10.25 billion3.7 B
Consistent Growth
Other Stockholder Equity$3.55 billion$6.15 billion5.3 B
High Variability
Total Liabilities$11.41 billion$10.87 billion4.1 B
Consistent Growth
Property, Plant and Equipment (Gross)$184.64 million$194.35 million625.4 M
High Variability
Cash$271.13 million$318.1 million297.8 M
Moderate Growth
Non Current Assets Total$20.74 billion$19.75 billion12.5 B
Consistent Growth
Cash And Short Term Investments$264.13 million$318.1 million297.4 M
Moderate Growth
Total Current Assets$384.28 million$460.2 million362.2 M
Moderate Growth
Net Receivables$124.62 million$163.42 million136.3 M
High Variability
Common Stock Total Equity$16.14 million$20.16 million16.6 M
Moderate Variation
Common Stock$16.44 million$17.55 million16.5 M
Moderate Variation
Intangible Assets$94.42 million$85.77 million90.3 M
High Variability
Other Liabilities$262.53 million$387.78 million287.4 M
Moderate Growth
Long Term Debt$10.77 billion$10.25 billion3.7 B
Consistent Growth
Preferred Stock Total Equity$3.55 billion$5 billion3.8 B
Moderate Growth
Good Will$164.39 million$190.72 million157 M
High Variability
Net Tangible Assets$5.43 billion$6.31 billion5.1 B
Moderate Growth
Long Term Debt Total$9.56 billion$9.1 billion3.5 B
Consistent Growth
Capital Surplus$6.31 billion$6.15 billion5.8 B
Consistent Growth
Long Term Investments$497.11 million$388.59 million620.8 M
High Variability
Short and Long Term Debt$1.72 million$1.81 million39.5 M
High Variability
Cash And Equivalents$472 million$318.1 million345 M
Moderate Growth
Net Invested Capital$11.86 billion$15.15 billion9 B
Consistent Growth
Capital Stock$4.61 billion$4.37 billion4.1 B
Moderate Growth
Non Current Liabilities Other$240 million$270 million294.7 M
Stable
Warrants$54.6 million$61.42 million67 M
Stable

Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Selling General Administrative$112.02 million$106.68 million72.1 M
Consistent Growth
Total Revenue$5.07 billion$4.82 billion3 B
Consistent Growth
Gross Profit$1.04 billion$1.2 billion1.9 B
Moderate Growth
Other Operating Expenses$2.7 billion$2.57 billion1.5 B
Consistent Growth
Operating Income$2.37 billion$2.25 billion1.5 B
Consistent Growth
EBIT$2.2 billion$2.09 billion1.6 B
Consistent Growth
EBITDA$3.41 billion$3.25 billion2.2 B
Consistent Growth
Cost Of Revenue$3.8 billion$3.62 billion1.1 B
Moderate Growth
Income Before Tax$1.06 billion$1.79 billion1.5 B
Moderate Growth
Net Income$1.87 billion$1.78 billion1.6 B
Moderate Growth
Depreciation And Amortization$1.21 billion$1.15 billion615.8 M
Consistent Growth
Reconciled Depreciation$1.21 billion$1.15 billion612.2 M
Consistent Growth
Extraordinary Items$15.55 million$14.81 million11.9 M
Moderate Growth
Research Development$0.52$0.556.5 M
High Variability
Selling And Marketing Expenses$3.29 million$3.7 million4 M
Stable
Net Income From Continuing Ops$1.84 billion$1.8 billion1.6 B
Moderate Growth
Non Operating Income Net Other$2.87 billion$2.73 billion831.2 M
Moderate Growth
Interest Income$35.75 million$36.62 million42.9 M
High Variability
Preferred Stock And Other Adjustments$190.94 million$174.95 million231.4 M
Consistent Decline

Cash Flow Statement Items

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow$3.04 billion$2.9 billion1.9 B
Consistent Growth
Begin Period Cash Flow$247.78 million$447.42 million319.1 M
Moderate Growth
Depreciation$1.21 billion$1.15 billion615.8 M
Consistent Growth
Dividends Paid$2.42 billion$2.3 billion1.7 B
Moderate Growth
Total Cash From Operating Activities$3.35 billion$3.19 billion2.1 B
Consistent Growth
Net Income$1.89 billion$1.8 billion1.6 B
Moderate Growth
End Period Cash Flow$255.55 million$318.1 million308 M
Moderate Growth
Issuance Of Capital Stock$8.94 million$9.41 million241.9 M
High Variability

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.59x9.44x12.7089
High Variability
Dividend Yield7.58%5.06%0.0483
High Variability
PTB Ratio5.174.924.207
Moderate Growth
Days Sales Outstanding23.7712.3614.3439
High Variability
Book Value Per Share31.8353.2549.4906
Moderate Variation
Free Cash Flow Yield6.70%6.36%0.0517
Moderate Variation
Operating Cash Flow Per Share19.0718.1612.2154
Consistent Growth
Capex To Depreciation$0.24$0.250.4264
High Variability
PB Ratio5.17x4.92x4.207
Moderate Growth
EV To Sales7.09x11.5x13.606
Moderate Variation
Free Cash Flow Per Share17.3416.5110.8586
Consistent Growth
Net Income Per Share10.6810.179.1613
Moderate Growth
Sales General And Administrative To Revenue0.03x0.02x0.0303
High Variability
Research And Ddevelopement To Revenue0x0x0.0037
High Variability
Capex To Revenue0.06x0.06x0.0772
High Variability
Cash Per Share3.321.812.2737
High Variability
POCF Ratio10.2114.2917.8999
Moderate Variation
Interest Coverage7.03x7.4x179
High Variability
Payout Ratio118.00%129.09%1.0353
Moderate Variation
Capex To Operating Cash Flow$0.09$0.090.111
High Variability
PFCF Ratio9.6915.7219.9951
High Variability
Income Quality$1.69$1.771.3745
Moderate Variation
ROE0.20.190.1741
Moderate Growth
EV To Operating Cash Flow$11.02$17.4119.0351
Moderate Variation
PE Ratio14.91x25.52x24.5792
Moderate Variation
Return On Tangible Assets0.070.090.1204
High Variability
EV To Free Cash Flow$10.65$19.1421.2712
Moderate Variation
Earnings Yield7.30%3.92%0.0442
High Variability
Intangibles To Total Assets$0.01$0.010.0248
High Variability
Current Ratio0.710.750.9136
High Variability
Tangible Book Value Per Share30.8651.8148.2105
Moderate Variation
Receivables Turnover29.0230.5531.8358
Moderate Variation
Graham Number$115.32$109.83100
Moderate Growth
Shareholders Equity Per Share30.5452.7149.1686
Moderate Variation
Debt To Equity1.16x1.11x0.4268
Moderate Growth
Capex Per Share1.831.651.3718
Moderate Growth
Revenue Per Share28.8727.517.258
Consistent Growth
Interest-Bearing Debt Per Share63.1960.1822.3329
Consistent Growth
Debt To Assets0.53x0.51x0.2368
Moderate Growth
Short Term Coverage Ratios2.08x2.19x5.7811
Moderate Decline
Price Earnings Ratio14.91x25.52x24.5792
Moderate Variation
Price Book Value Ratio5.17x4.92x4.207
Moderate Growth
Dividend Payout Ratio118.00%129.09%1.0353
Moderate Variation
Price To Operating Cash Flows Ratio10.21x14.29x17.8999
Moderate Variation
Price To Free Cash Flows Ratio9.69x15.72x19.9951
High Variability
Pretax Profit Margin42.00%37.10%0.5299
High Variability
Ebt Per Ebit$0.88$0.791.0918
Moderate Variation
Operating Profit Margin72.00%46.73%0.4995
Moderate Growth
Company Equity Multiplier1.52x2.19x1.4365
Moderate Growth
Long Term Debt To Capitalization0.55x0.53x0.2377
Moderate Growth
Total Debt To Capitalization0.55x0.53x0.2459
Moderate Growth
Return On Capital Employed0.130.120.1152
Moderate Variation
Debt-to-Equity Ratio1.161.110.4268
Moderate Growth
Ebit Per Revenue$0.72$0.470.4995
Moderate Growth
Quick Ratio0.710.751.0796
High Variability
Dividend Paid And Capex Coverage Ratio0.83x1.23x1.1034
Moderate Variation
Net Income Per EBT$1.1$11.0043
Stable
Cash Ratio0.650.520.7304
High Variability
Operating Cash Flow Sales Ratio0.510.660.6971
Moderate Variation
Days Of Sales Outstanding23.7712.3614.3439
High Variability
Free Cash Flow Operating Cash Flow Ratio0.520.910.8659
Moderate Variation
Cash Flow Coverage Ratios0.3x0.31x2.9723
High Variability
Price To Book Ratio5.17x4.92x4.207
Moderate Growth
Fixed Asset Turnover26.0624.8214.0824
High Variability
Capital Expenditure Coverage Ratio5.68x11.01x9.7671
High Variability
Price Cash Flow Ratio10.2114.2917.8999
Moderate Variation
Enterprise Value Multiple9.93x17.09x18.8957
Moderate Variation
Debt Ratio0.530.510.2368
Moderate Growth
Cash Flow To Debt Ratio0.30.312.9723
High Variability
Price Sales Ratio6.59x9.44x12.7089
High Variability
Return On Assets6.38%8.83%0.1182
High Variability
Asset Turnover0.140.240.2196
Moderate Variation
Net Profit Margin34.00%36.99%0.5227
High Variability
Gross Profit Margin24.00%24.96%0.669
Moderate Variation
Price Fair Value5.17x4.92x4.207
Moderate Growth
Return On Equity20.00%19.29%0.1741
Moderate Growth

Valuation Indicators

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap$3.76 billion$3.58 billion3.7 B
Moderate Variation
Enterprise Value$3.77 billion$3.59 billion3.7 B
Moderate Variation

Core Fundamental Drivers

Forward Price Earnings31.0559
Cash And Short Term Investments318.1 million

Methodology, Assumptions & Data Sources

Historical reference values associated with Public Storage's financial metrics help separate temporary fluctuations from longer-term structural shifts. Public Storage has a market cap of 52.94 billion, P/E of 44.51, ROE of 20.18%.

Public Storage analytics rely on periodic company reporting and market reference feeds, with quality checks and normalization applied. Reference data and historical patterns are presented and do not constitute an investment recommendation or advice.

Editorial review and methodology oversight provided by: Ellen Johnson, Member of Macroaxis Editorial Board
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