Public Storage PSA
- Market cap
- $53.2B
- P/E
- 27.4×
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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
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
More on PSA
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement