PSA
Public StorageStock · Real EstateUS REITs 2.5% · S&P 500 Equal Weight 0.2% · S&P 500 0.08% · Russell 1000 0.07% · Russell 3000 0.07% · US Stock Market 0.07% · MSCI World 0.05% · MSCI ACWI 0.05%$296.50+0.64%
as of market close, Sep 11, 2026
☾ AH — —
PSA financial statements
The full income statement, balance sheet, and cash-flow statement for Public Storage (PSA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 175.0M2024-09 175.1M2024-12 175.4M2025-03 175.4M2025-06 175.5M2025-09 175.5M2025-12 175.5M2026-03 175.5M2026-06 175.6M+0.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.82B+2.7% | 4.70B+3.9% | 4.52B+8.0% | 4.18B+22.4% | 3.42B+17.2% | |
| Selling, general & administrative | 107M+0.0% | 107M+32.3% | 80.6M+12.5% | 71.7M-5.7% | 76.0M-8.7% | |
| General & administrative | 107M+0.0% | 107M+32.3% | 80.6M+12.5% | 71.7M-5.7% | 76.0M-8.7% | |
| Restructuring | 4.88M | — | — | — | — | |
| Amortization of intangibles | 94.0M-20.1% | 118M+42.2% | 82.7M-13.1% | 95.2M+24.3% | 76.6M+375.8% | |
| Interest expense | 304M+5.9% | 287M+42.9% | 201M+47.5% | 136M+50.2% | 90.8M+61.3% | |
| Equity-method income | 9.60M-51.5% | 19.8M-28.9% | 27.9M-73.9% | 107M-53.9% | 232M+188.3% | |
| Pre-tax income | 1.79B-14.3% | 2.09B-3.8% | 2.17B-50.4% | 4.38B+122.1% | 1.97B | |
| Income tax | -7.23M-254.8% | 4.67M-56.9% | 10.8M-24.5% | 14.3M+15.9% | 12.4M | |
| 1.78B-13.9% | 2.07B-3.6% | 2.15B-50.6% | 4.35B+122.7% | 1.95B+43.9% | ||
| Net income to non-controlling interest | 12.7M+2.3% | 12.4M+5.1% | 11.8M-31.1% | 17.1M+168.6% | 6.38M+58.8% | |
| Preferred dividends | 195M+0.0% | 195M+0.0% | 195M+0.2% | 194M+4.2% | 187M-9.9% | |
| Net income to common | 1.59B-15.3% | 1.87B-3.9% | 1.95B-53.0% | 4.14B+139.1% | 1.73B+57.7% | |
| $9.01-15.3% | $10.64-3.8% | $11.06-52.9% | $23.50+138.1% | $9.87+56.9% | ||
| EPS (basic) | $9.04-15.4% | $10.68-3.9% | $11.11-53.0% | $23.64+138.5% | $9.91+57.6% | |
| Weighted-avg shares (basic) | 175M+0.1% | 175M-0.1% | 175M+0.1% | 175M+0.2% | 175M+0.2% | |
| Weighted-avg shares (diluted) | 176M-0.1% | 176M-0.1% | 176M-0.1% | 176M+0.4% | 176M+0.5% | |
| Dividends per share | $12.00+0.0% | $12.00+0.0% | $12.00-43.3% | $21.15+164.4% | $8.00+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 318M-28.9% | 447M+20.9% | 370M-52.3% | 775M+5.5% | 735M+185.2% | |
| 20.2B+2.3% | 19.8B-0.3% | 19.8B+12.9% | 17.6B+1.0% | 17.4B+47.1% | ||
| Goodwill | 166M+0.0% | 166M+0.0% | 166M+0.0% | 166M+0.0% | 166M+0.0% | |
| Intangible assets | 66.9M-31.4% | 97.5M-51.9% | 203M+323.4% | 47.9M-59.5% | 118M+491.5% | |
| 10.9B+9.3% | 9.94B+2.5% | 9.70B+31.4% | 7.39B-7.2% | 7.96B+145.6% | ||
| Long-term debt | 10.3B+9.6% | 9.35B+2.7% | 9.10B+32.5% | 6.87B-8.1% | 7.48B+193.7% | |
| 9.25B-4.8% | 9.71B-3.0% | 10.0B-0.6% | 10.1B+7.9% | 9.34B+9.1% | ||
| Preferred stock | 4.35B+0.0% | 4.35B+0.0% | 4.35B+0.0% | 4.35B+6.1% | 4.10B+8.1% | |
| Common stock | 17.6M+0.1% | 17.5M-0.1% | 17.6M+0.2% | 17.5M+0.1% | 17.5M+0.3% | |
| Additional paid-in capital | 6.15B+0.5% | 6.12B+2.3% | 5.98B+1.4% | 5.90B+1.3% | 5.82B+2.0% | |
| Retained earnings | -1.22B-74.4% | -699M-160.9% | -268M-143.0% | -110M+80.0% | -550M+39.8% | |
| Accumulated other comprehensive income | -47.8M+33.6% | -72.0M-7.0% | -67.2M+16.3% | -80.3M-49.9% | -53.6M-23.5% | |
| Non-controlling interest | 93.7M-7.3% | 101M+7.8% | 93.8M+0.4% | 93.4M+364.4% | 20.1M+11.5% | |
| Total equity incl. non-controlling | 9.34B-4.8% | 9.81B-2.9% | 10.1B-0.6% | 10.2B+8.7% | 9.36B+9.1% | |
| Total liabilities & equity | 20.2B+2.3% | 19.8B-0.3% | 19.8B+12.9% | 17.6B+1.0% | 17.4B+47.1% | |
| Common shares issued | 176M+0.1% | 175M-0.1% | 176M+0.2% | 175M+0.1% | 175M+0.3% | |
| Common shares outstanding | — | — | 176M+0.2% | 175M+0.1% | 175M+0.3% | |
| Shares outstanding (cover) | 176M+0.1% | 175M-0.2% | 176M-0.0% | 176M+0.2% | 175M+0.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.19B+1.9% | 3.13B-3.6% | 3.25B+4.2% | 3.12B+22.6% | 2.54B+24.5% | ||
| Depreciation & amortization | 1.15B+2.0% | 1.13B+16.5% | 970M+9.2% | 888M+24.5% | 713M+29.0% | |
| Intangible amortization | 94.0M-20.1% | 118M+42.2% | 82.7M-13.1% | 95.2M+24.3% | 76.6M+375.8% | |
| Share-based compensation | 39.9M-10.8% | 44.7M+7.7% | 41.6M-26.7% | 56.7M-5.2% | 59.8M+79.3% | |
| Other operating activities | 4.90M+191.4% | 1.68M-86.6% | 12.5M-17.6% | 15.2M+211.4% | 4.88M | |
| -1.69B-68.1% | -1.00B+71.7% | -3.54B-415.9% | 1.12B+120.1% | -5.56B-397.8% | ||
| Capital expenditure | 946M+253.5% | 267M-43.5% | 473M-37.6% | 758M-85.0% | 5.05B+537.0% | |
| Free cash flow | 2.24B-21.7% | 2.86B+3.1% | 2.77B+17.6% | 2.36B+194.2% | -2.50B-300.2% | |
| Acquisitions | 0.00 | 0.00-100.0% | 2.18B | 0.00 | 0.00 | |
| -1.63B+21.5% | -2.08B-1740.6% | -113M+97.3% | -4.19B-219.9% | 3.50B+425.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 60.3M | 0.00 | 0.00-100.0% | 95.9M+656.9% | |
| Common stock repurchased | 0.00-100.0% | 200M | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | — | — | 0.00 | 0.00-100.0% | 505K+218.5% | |
| Net change in cash | -129M-374.9% | 47.0M+111.6% | -405M-1022.7% | 43.9M-90.8% | 479M+417.1% | |
| Interest paid | 273M+1.3% | 269M+84.3% | 146M+14.5% | 128M+72.1% | 74.2M+40.8% | |
| Income taxes paid | 6.35M-7.7% | 6.88M-37.8% | 11.1M-2.1% | 11.3M-11.1% | 12.7M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 45.5B-13.3% | 52.5B-2.1% | 53.6B+9.0% | 49.2B-25.1% | 65.7B+62.7% | |
| P/E | 25.5×+0.7% | 25.4×+0.3% | 25.3×+134.1% | 10.8×-67.9% | 33.6×+13.1% | |
| P/S | 9.4×-15.6% | 11.2×-7.3% | 12.1×-1.5% | 12.2×-36.3% | 19.2×+38.9% | |
| P/B | 4.9×-8.9% | 5.4×+1.9% | 5.3×+8.1% | 4.9×-30.3% | 7.0×+49.2% | |
| P/FCF | 20.3×+10.7% | 18.4×-8.9% | 20.2×-84.5% | 130.0× | — | |
| Earnings yield | 3.9%-0.7% | 3.9%-0.3% | 4.0%-57.3% | 9.3%+211.5% | 3.0%-11.5% | |
| FCF yield | 4.9%-9.7% | 5.4%+9.7% | 5.0%+545.3% | 0.77% | — | |
| Dividend yield | 4.6%+15.4% | 4.0%+1.9% | 3.9%-47.9% | 7.5%+253.4% | 2.1%-38.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PSA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PSA filings on SEC EDGAR → Not investment advice.