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

Public Storage (PSA) Return on invested capital

Alert me on Return on invested capital

Public Storage's return on invested capital over the twelve months to 30 September 2026 was 4.74%, down 2.5 percentage points from fiscal 2025 (7.25%). Over the past ten years it has ranged from 6.57% (fiscal 2021) to 8.93% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Reit Industrial industry median of 3.18% and above the Real Estate sector median of 2.03%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 7.25% (0.05)
FY2024 7.30% (0.31)
FY2023 7.61% (0.62)
FY2022 8.23% 1.66
FY2021 6.57% (1.55)
FY2020 8.12% (0.55)
FY2019 8.67% 0.00
FY2018 8.67% (0.26)
FY2017 8.93% 0.03
FY2016 8.90% 0.72

Against its own ten years

Low 6.57% High 8.93%
Ten-year median 8.18%
Current reading's percentile 18

Return on invested capital against peers

Company Return on invested capital
CUBE CubeSmart compare 4.86%
PSA Public Storage 4.74%
FR First Industrial Realty Trust, Inc. compare 3.68%
EGP EastGroup Properties, Inc. compare 3.65%
EXR Extra Space Storage Inc compare 3.52%
PLD Prologis, Inc. compare 3.38%
TRNO Terreno Realty Corporation compare 2.49%
REXR Rexford Industrial Realty, Inc. compare 2.47%
LINE Lineage, Inc. compare 0.74%
Reit Industrial industry median 3.18%
Real Estate sector median 2.03%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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