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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

338.06 2.44 −0.72%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Public Storage (PSA) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Public Storage (PSA) trades at a EV/EBITDA of 22.3×. Over the past ten years it has ranged from 15.1× (March 2020) to 31.7× (March 2022); the current reading is higher than 72% of that period. That is above the Reit Industrial industry median of 19.8× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 16.4× (11.58%)
FY2024 18.6× (4.78%)
FY2023 19.5× 8.42%
FY2022 18.0× (40.36%)
FY2021 30.2× 38.05%
FY2020 21.8× 11.07%
FY2019 19.7× 2.00%
FY2018 19.3× (2.53%)
FY2017 19.8× (8.82%)
FY2016 21.7× (16.96%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 19.2× (1.65%)
Jun 2026 19.5× 15.44%
Mar 2026 16.9× 2.98%
Dec 2025 16.4× (14.89%)
43 more quarters

Against its own ten years

Low 15.1× High 31.7×
Ten-year median 20.3×
Current reading's percentile 72

EV/EBITDA against peers

Company EV/EBITDA
LINE Lineage, Inc. compare 13.8×
REXR Rexford Industrial Realty, Inc. compare 15.7×
FR First Industrial Realty Trust, Inc. compare 18.2×
CUBE CubeSmart compare 19.3×
EXR Extra Space Storage Inc compare 20.6×
PLD Prologis, Inc. compare 21.2×
PSA Public Storage 22.3×
EGP EastGroup Properties, Inc. compare 22.6×
TRNO Terreno Realty Corporation compare 26.4×
Reit Industrial industry median 19.8×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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