Public Storage PSA

287.97 3.41 1.20% as of 25 Sep
Market cap
$53.2B
P/E
27.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Public Storage (PSA) Free cash flow margin

Public Storage's free cash flow margin over the twelve months to 30 June 2026 was 52.8%, down 0.9 percentage points from fiscal 2025 (53.6%). Over the past ten years it has ranged from 50.7% (fiscal 2024) to 62.3% (fiscal 2016); the current reading is higher than 27% of that period. That is above the Reit Industrial industry median of 13.6% and above the Real Estate sector median of 9.94%.

Free cash flow margin, annual

Annual

Period Free cash flow margin Change (points)
FY2025 53.6% 2.90
FY2024 50.7% (2.88)
FY2023 53.6% (2.45)
FY2022 56.0% (2.26)
FY2021 58.3% 0.55
FY2020 57.8% 1.86
FY2019 55.9% (1.46)
FY2018 57.4% 0.58
FY2017 56.8% (5.48)
FY2016 62.3% 1.19

Against its own ten years

Low 50.7% High 62.3%
Ten-year median 56.8%
Current reading's percentile 27

Free cash flow margin against peers

Company Free cash flow margin
PSA Public Storage 52.8%
CUBE CubeSmart compare 44.7%
EXR Extra Space Storage Inc compare 38.1%
PLD Prologis, Inc. compare 31.8%
REXR Rexford Industrial Realty, Inc. compare 22.9%
FR First Industrial Realty Trust, Inc. compare 13.6%
LINE Lineage, Inc. compare 6.13%
EGP EastGroup Properties, Inc. compare 0.10%
TRNO Terreno Realty Corporation compare −136.5%
Reit Industrial industry median 13.6%
Real Estate sector median 9.94%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

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

The full definition of Free cash flow margin →

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