Saturday 17 October 2026
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Public Storage
PSA Real Estate Reit Industrial
Public Storage’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 2.74% from fiscal 2024. In the quarter to June 2026, revenue grew 2.65%, EPS grew 45.5%, free cash flow was flat and total debt fell 2.49%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten.
298.27
2.94
+1.00%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 4 | 5 | 5 | 3 | 6 | 6 | 4 | 6 | 4 |
P/E ratio |
32.68 | 30.61 | 23.65 | 29.13 | 36.71 | 37.80 | 11.60 | 28.07 | 28.06 | 28.74 |
P/S ratio |
15.11 | 13.42 | 12.76 | 13.00 | 13.82 | 19.17 | 11.49 | 12.11 | 11.18 | 9.44 |
P/FCF ratio |
24.27 | 23.64 | 22.25 | 23.26 | 23.94 | 32.89 | 20.50 | 22.60 | 22.05 | 17.60 |
P/Operating CF |
83.15 | 76.15 | 71.55 | 74.23 | 78.62 | 89.86 | 65.26 | 69.12 | 68.31 | 62.06 |
P/B ratio |
7.62 | 7.25 | 6.88 | 7.40 | 8.42 | 12.46 | 8.26 | 9.50 | 9.61 | 9.12 |
Price to Tangible BV |
7.96 | 7.58 | 7.17 | 7.72 | 8.80 | 13.22 | 8.60 | 10.19 | 10.13 | 9.60 |
EV/Sales |
15.32 | 13.92 | 13.26 | 13.64 | 14.72 | 21.24 | 13.02 | 14.12 | 13.15 | 11.56 |
EV/EBITDA |
21.69 | 19.78 | 19.28 | 19.66 | 21.84 | 30.15 | 17.98 | 19.50 | 18.57 | 16.42 |
EV/Operating CF |
20.16 | 18.83 | 17.73 | 18.83 | 21.00 | 28.53 | 17.47 | 19.64 | 19.73 | 17.51 |
EV/FCF |
24.60 | 24.51 | 23.12 | 24.40 | 25.49 | 36.44 | 23.24 | 26.34 | 25.92 | 21.57 |
Quick Ratio |
0.62 | 1.29 | 0.97 | 1.07 | 0.65 | 1.52 | 1.51 | 0.62 | 0.76 | 0.52 |
Current Ratio |
0.62 | 1.29 | 0.97 | 1.07 | 0.65 | 1.52 | 1.51 | 0.62 | 0.78 | 0.75 |
Net Debt/EBITDA |
0.11 | 0.53 | 0.55 | 0.75 | 1.16 | 2.80 | 2.01 | 2.67 | 2.68 | 2.92 |
Debt/Assets |
3.86% | 13.34% | 12.92% | 16.74% | 21.54% | 43.01% | 39.14% | 45.95% | 47.35% | 50.74% |
Debt/Equity |
0.04 | 0.16 | 0.15 | 0.21 | 0.30 | 0.80 | 0.68 | 0.90 | 0.95 | 1.10 |
Asset Turnover |
0.26 | 0.26 | 0.25 | 0.26 | 0.25 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 |
Operating CF/Net income |
1.64 | 1.68 | 1.39 | 1.62 | 1.86 | 1.47 | 0.75 | 1.67 | 1.67 | 2.01 |
Capex/Depreciation |
(0.81) | (1.01) | (0.99) | (0.92) | (0.65) | (0.77) | (0.87) | (0.84) | (0.66) | (0.52) |
Interest Coverage |
326.48 | 112.15 | 43.45 | 32.14 | 25.07 | 18.65 | 15.70 | 11.40 | 7.60 | 7.34 |
| 23.18% | 23.40% | 29.60% | 25.12% | 22.42% | 34.51% | 74.82% | 33.68% | 33.38% | 30.33% | |
| 11.89% | 11.23% | 13.75% | 11.42% | 9.48% | 11.87% | 23.72% | 10.43% | 9.47% | 7.94% | |
ROIC |
8.90% | 8.93% | 8.67% | 8.67% | 8.12% | 6.57% | 8.23% | 7.61% | 7.30% | 7.25% |
Return on Tangible Assets |
13.44% | 12.56% | 15.79% | 12.94% | 10.69% | 11.13% | 25.42% | 10.73% | 10.27% | 8.50% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.27% | 3.11% | 3.79% | 2.18% | 2.85% | 2.22% | 1.71% | 1.78% | 2.27% | 2.21% |
Intangible Assets out of Total Assets |
0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
1.46% | 1.41% | 2.53% | 0.90% | 1.14% | 1.75% | 1.36% | 0.92% | 0.95% | 0.83% |
Graham Net Nets |
(0.01) | (0.04) | (0.04) | (0.05) | (0.07) | (0.11) | (0.14) | (0.17) | (0.18) | (0.23) |
Graham Number |
67.17 | 65.68 | 75.29 | 68.79 | 62.29 | 81.86 | 132.84 | 90.56 | 86.49 | 76.03 |
Earnings Yield |
3.06% | 3.27% | 4.23% | 3.43% | 2.72% | 2.65% | 8.62% | 3.56% | 3.56% | 3.48% |
Free Cash Flow Yield |
4.12% | 4.23% | 4.49% | 4.30% | 4.18% | 3.04% | 4.88% | 4.42% | 4.54% | 5.68% |
Revenue per Share |
14.79 | 15.37 | 15.86 | 16.38 | 16.71 | 19.53 | 23.86 | 25.75 | 26.78 | 27.50 |
Operating CF per Share |
11.24 | 11.36 | 11.86 | 11.86 | 11.71 | 14.55 | 17.79 | 18.50 | 17.84 | 18.16 |
Capex per Share |
(2.03) | (2.64) | (2.76) | (2.71) | (2.06) | (3.16) | (4.41) | (4.70) | (4.26) | (3.42) |
Free Cash Flow per Share |
9.21 | 8.73 | 9.10 | 9.16 | 9.65 | 11.39 | 13.37 | 13.80 | 13.58 | 14.74 |
Cash per Share |
1.06 | 2.50 | 2.08 | 2.35 | 1.48 | 4.20 | 4.42 | 2.11 | 2.55 | 1.81 |
Shareholders Equity per Share |
54.55 | 51.63 | 52.57 | 52.10 | 49.15 | 53.50 | 58.01 | 57.60 | 55.97 | 53.25 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
54.55 | 51.63 | 52.57 | 52.10 | 49.15 | 53.50 | 58.01 | 57.60 | 55.97 | 53.25 |
Free Cash Flow |
1,593.99 | 1,515.00 | 1,582.63 | 1,595.65 | 1,683.49 | 1,991.34 | 2,343.86 | 2,421.07 | 2,381.38 | 2,586.33 |
Working Capital |
(114.25) | 96.18 | (10.04) | 26.46 | (137.09) | 252.51 | 260.57 | (228.99) | (130.86) | (152.69) |
Capital Expenditures |
(351.35) | (457.89) | (481.01) | (471.98) | (359.41) | (552.22) | (773.28) | (825.58) | (746.88) | (600.11) |
Net Current Asset Value |
(505.00) | (1,335.15) | (1,422.32) | (1,876.03) | (2,982.09) | (7,291.02) | (6,610.25) | (9,332.27) | (9,483.89) | (10,406.57) |
EV/EBIT |
28.53 | 26.10 | 25.87 | 26.54 | 30.40 | 42.86 | 25.44 | 27.82 | 28.25 | 24.95 |
Capex to Sales |
0.14 | 0.17 | 0.17 | 0.17 | 0.12 | 0.16 | 0.18 | 0.18 | 0.16 | 0.12 |
Price to Operating Income |
28.15 | 25.17 | 24.90 | 25.30 | 28.56 | 38.69 | 22.45 | 23.87 | 24.02 | 20.36 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 |
Cash ROIC |
15.91% | 13.99% | 14.50% | 14.01% | 14.79% | 11.34% | 13.16% | 12.36% | 12.14% | 12.99% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Assets |
9,954.29 | 10,431.62 | 10,830.58 | 11,146.86 | 11,591.00 | 14,598.73 | 17,466.61 | 18,680.77 | 19,782.08 | 19,981.77 |
Average Common Equity |
5,108.40 | 5,006.76 | 5,029.55 | 5,067.20 | 4,899.53 | 5,019.84 | 5,536.05 | 5,786.87 | 5,610.30 | 5,227.74 |
Columns are period end dates