Friday 6 November 2026 Export PSA’s income statement to Excel — free account

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.

Revenue: +11.6%
EPS: −21.9%
Free cash flow: −19.3%
Total debt: +21.4%

Quarter to September 2026, against a year earlier

336.92 3.58 −1.05%

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Market cap: $63.6B
P/E: 34.1×
Fwd P/E: 34.1×
Dividend yield: 3.54%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

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

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Columns are period end dates · fundamentals updated 2 Nov 2026

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