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Saturday 17 October 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. 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%
Market cap
$55.2B
P/E
28.4×
Fwd P/E
30.0×
Dividend yield
4.02%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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 June 2026 was 1.1×, down 0.0× 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 above the Reit Industrial industry median of 0.8× and above the Real Estate sector median of 0.8×.

Debt to equity, annual

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Annual newest first

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%

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.1× 1.84%
Mar 2026 1.1× (1.92%)
Dec 2025 1.1× 2.81%
Sep 2025 1.1× (3.10%)
42 more quarters

Against its own ten years

Low 0.0× High 1.1×
Ten-year median 0.3×
Current reading's percentile 100

Debt to equity against peers

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×
LINE Lineage, Inc. compare 0.8×
FR First Industrial Realty Trust, Inc. compare 0.9×
EXR Extra Space Storage Inc compare 1.0×
PSA Public Storage 1.1×
CUBE CubeSmart compare 1.3×
Reit Industrial industry median 0.8×
Real Estate sector median 0.8×
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 →

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