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Public Storage (PSA)

NYSE Real Estate Self-Storage REITs S&P 500
$337.46
-3.04 (-0.89%)
Close of Nov 06, 2026 · end-of-day data
Source: Public Storage's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$2.56B$2.67B$2.76B$2.86B$2.92B$3.42B$4.18B$4.52B$4.70B$4.82B
Cost of revenue$669.08M$707.98M$739.72M———————
Gross profit$1.89B$1.96B$2.01B———————
Operating income$1.37B$1.42B————————
Interest expense$4.21M$12.69M$32.54M$45.64M$56.28M$90.77M$136.32M$201.13M$287.40M$304.50M
Pre-tax income—————$1.97B$4.38B$2.17B$2.09B$1.79B
Income tax$0$0———$12.37M$14.33M$10.82M$4.67M-$7.23M
Net income$1.45B$1.44B$1.71B$1.52B$1.36B$1.95B$4.35B$2.15B$2.07B$1.78B
EBITDA$1.81B$1.88B————————
EPS (basic)$6.84$6.75$8.56$7.30$6.29$9.91$23.64$11.11$10.68$9.04
EPS (diluted)$6.81$6.73$8.54$7.29$6.29$9.87$23.50$11.06$10.64$9.01
Diluted shares173.88M174.15M174.30M174.53M174.64M175.57M176.28M176.14M176.04M175.90M
Gross margin73.9%73.5%73.0%———————
Operating margin53.7%53.3%————————
Net margin56.8%54.0%62.0%53.3%46.6%57.2%104.0%47.6%44.1%37.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$183.69M$433.38M$361.22M$409.74M$257.56M$734.60M$775.25M$370.00M$447.42M$318.10M
Goodwill$174.60M$174.60M$174.60M$174.60M$165.84M$165.84M$165.84M$165.84M$165.84M$165.84M
Total assets$10.13B$10.73B$10.93B$11.37B$11.82B$17.38B$17.55B$19.81B$19.75B$20.21B
Long-term debt$390.75M$1.43B$1.41B$1.90B$2.54B$7.48B$6.87B$9.10B$9.35B$10.25B
Total debt$390.75M$1.43B$1.41B$1.90B$2.54B$7.48B$6.87B$9.10B$9.35B$10.25B
Total liabilities$688.68M$1.77B$1.78B$2.29B$3.24B$7.96B$7.39B$9.70B$9.94B$10.87B
Shareholders' equity$9.41B$8.94B$9.12B$9.06B$8.56B$9.34B$10.07B$10.01B$9.71B$9.25B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.95B$1.97B$2.06B$2.07B$2.04B$2.54B$3.12B$3.25B$3.13B$3.19B
Capital expenditures$81.44M$120.60M$141.00M$187.30M——————
Free cash flow$1.86B$1.85B$1.92B$1.88B$2.04B$2.54B$3.12B$3.25B$3.13B$3.19B
Investing cash flow-$699.11M-$737.06M-$515.92M-$897.35M-$1.12B-$5.56B$1.12B-$3.54B-$1.00B-$1.69B
Financing cash flow-$1.15B-$992.22M-$1.62B-$1.12B-$1.08B$3.50B-$4.19B-$112.93M-$2.08B-$1.63B
Share buybacks——————$0$0$200.00M$0
Stock-based compensation$37.48M$37.55M$69.94M$25.83M$33.36M$59.81M$56.70M$41.57M$44.75M$39.90M
Depreciation & amortization$433.31M$454.53M$483.65M$512.92M$553.26M$713.43M$888.15M$970.06M$1.13B$1.15B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.