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

Public Storage (PSA) EV/FCF

Alert me on EV/FCF

As of 16 October 2026, Public Storage (PSA) trades at a EV/FCF of 24.3×. Over the past ten years it has ranged from 18.7× (March 2020) to 39.0× (April 2022); the current reading is higher than 36% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 21.6× (16.80%)
FY2024 25.9× (1.58%)
FY2023 26.3× 13.35%
FY2022 23.2× (36.22%)
FY2021 36.4× 42.97%
FY2020 25.5× 4.46%
FY2019 24.4× 5.54%
FY2018 23.1× (5.70%)
FY2017 24.5× (0.36%)
FY2016 24.6× (17.40%)

Quarterly newest first

Period EV/FCF Change
Jun 2026 25.6× 14.18%
Mar 2026 22.4× 4.07%
Dec 2025 21.6× (7.28%)
Sep 2025 23.3× (4.37%)
42 more quarters

Against its own ten years

Low 18.7× High 39.0×
Ten-year median 24.9×
Current reading's percentile 37

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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