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

338.31 2.19 −0.64%

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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

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Public Storage (PSA) Debt to equity

Alert me on Debt to equity

Public Storage's debt to equity at the end of the quarter to 30 September 2026 was 0.8×, down 0.3× from fiscal 2025 (1.1×). Over the past ten years it has ranged from 0.0× (fiscal 2015) to 1.1× (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Reit Industrial industry median of 0.8× and above the Real Estate sector median of 0.7×.

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<iframe src="https://stockrow.com/embed/PSA/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Public Storage debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/PSA/metrics/debt-to-equity">Public Storage (PSA) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	1.1×	15.16%
FY2024	1.0×	5.82%
FY2023	0.9×	33.28%
FY2022	0.7×	(15.42%)
FY2021	0.8×	169.30%
FY2020	0.3×	41.62%
FY2019	0.2×	35.69%
FY2018	0.2×	(3.32%)
FY2017	0.2×	285.75%
FY2016	0.0×	19.31%

Period	Debt to equity	Change
Sep 2026	0.8×	(26.93%)
Jun 2026	1.1×	1.84%
Mar 2026	1.1×	(1.92%)
Dec 2025	1.1×	2.81%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 1.1×

Ten-year median 0.3×

Current reading's percentile 100

Company	Debt to equity
TRNO Terreno Realty Corporation compare	0.2×
REXR Rexford Industrial Realty, Inc. compare	0.4×
EGP EastGroup Properties, Inc. compare	0.5×
PLD Prologis, Inc. compare	0.6×
PSA Public Storage	0.8×
LINE Lineage, Inc. compare	0.8×
FR First Industrial Realty Trust, Inc. compare	0.9×
EXR Extra Space Storage Inc compare	1.0×
CUBE CubeSmart compare	1.4×
Reit Industrial industry median	0.8×
Real Estate sector median	0.7×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Public Storage (PSA) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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