Public Storage PSA

Latest FY: 2025 Real Estate REIT - Industrial
Market Price $325.81
Market Cap $57.71B
P/E Ratio 36.16
Quick Peer Compare (Real Estate):
Revenue (FY 2025) ↑2.7% YoY
$4.82B
3-Yr CAGR: 4.9%
Net Income ↓-13.9% YoY
$1.78B
Net Margin: 37.0%
Free Cash Flow ↑7.0% YoY
$2.90B
FCF Yield: 5.02%
EPS (Diluted) ↓-15.3% YoY
$9.01
Basic: $9.04
Return on Equity Efficiency
19.3%
ROA: 8.8%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (PSA)

All monetary values in millions ($M)
⚠️ YoY Data Quality Alert
  • FY 2020: Revenue YoY (+2.4%) is identical to Gross Profit YoY (+2.4%). Verify the underlying Revenue and Gross Profit values for FY 2020 and FY 2019.
  • FY 2021: Revenue YoY (+17.2%) is identical to Gross Profit YoY (+17.2%). Verify the underlying Revenue and Gross Profit values for FY 2021 and FY 2020.
  • FY 2022: Revenue YoY (+22.4%) is identical to Gross Profit YoY (+22.4%). Verify the underlying Revenue and Gross Profit values for FY 2022 and FY 2021.
  • FY 2023: Revenue YoY (+8.0%) is identical to Gross Profit YoY (+8.0%). Verify the underlying Revenue and Gross Profit values for FY 2023 and FY 2022.
  • FY 2024: Revenue YoY (+3.9%) is identical to Gross Profit YoY (+3.9%). Verify the underlying Revenue and Gross Profit values for FY 2024 and FY 2023.
  • FY 2025: Revenue YoY (+2.7%) is identical to Gross Profit YoY (+2.7%). Verify the underlying Revenue and Gross Profit values for FY 2025 and FY 2024.
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $2,560.5M $1,891.5M $1,453.6M $6.81 $1,945.3M
FY 2017 $2,668.5M +4.2% $1,960.5M $1,442.2M -0.8% $6.73 -1.2% $1,975.7M
FY 2018 $2,754.3M +3.2% $2,014.6M $1,711.0M +18.6% $8.54 +26.9% $2,061.5M
FY 2019 $2,846.8M +3.4% $2,092.2M $1,520.5M -11.1% $7.29 -14.6% $2,067.6M
FY 2020 $2,915.1M +2.4% $2,142.4M $1,357.2M -10.7% $6.29 -13.7% $2,042.9M
FY 2021 $3,415.8M +17.2% $2,510.4M $1,953.3M +43.9% $9.87 +56.9% $2,543.6M
FY 2022 $4,182.2M +22.4% $3,073.6M $4,349.1M +122.7% $23.50 +138.1% $3,117.1M $2,657.4M
FY 2023 $4,517.7M +8.0% $3,320.2M $2,148.3M -50.6% $11.06 -52.9% $3,246.6M $2,785.5M +4.8%
FY 2024 $4,695.6M +3.9% $3,451.0M $2,072.0M -3.6% $10.64 -3.8% $3,128.3M $2,708.2M -2.8%
FY 2025 $4,824.1M +2.7% $3,545.4M $1,784.3M -13.9% $9.01 -15.3% $3,186.4M $2,897.1M +7.0%
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Valuation

Market Price $325.81
Market Cap $57.71B
Enterprise Value $67.64B
P/E Ratio 36.16
P/B Ratio 6.18
FCF Yield 5.02%
Dividend Yield 3.68%
Shares Outstanding 175,545,700
%

Profitability & Margins

Gross Margin 73.49%
Operating Margin 36.84%
Net Margin 36.99%
Return on Equity (ROE) 19.29%
Return on Assets (ROA) 8.83%
Asset Turnover 0.24x
Revenue 3-Yr CAGR 4.88%
🛡️

Financial Health & Liquidity

Current Ratio N/A
Cash Ratio N/A
Debt / Equity 1.109
Debt / Assets 0.507
Cash & Equivalents $318.10M
Total Debt $10.25B
Book Value / Share $52.68
💧

Cash Flow Efficiency

Operating Cash Flow $3.19B
Capital Expenditures (CapEx) $289.38M
Free Cash Flow $2.90B
OCF / Revenue 66.05%
FCF / Revenue 60.05%
FCF 3-Yr CAGR 2.92%
🏷️

Per Share Metrics

EPS (Diluted) $9.01
EPS (Basic) $9.04
Dividends / Share $12.00
Book Value / Share $52.68
EPS YoY Growth -15.32%
🏛️

Balance Sheet (FY 2025)

Total Assets $20.21B
Total Liabilities $10.87B
Stockholders' Equity $9.25B
Current Assets N/A
Current Liabilities N/A