Public Storage PSA

Latest FY: 2025 Real Estate REIT - Industrial
Market Price $294.60
Market Cap $51.72B
P/E Ratio 32.70
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 ↓-24.5% YoY
$1.91B
FCF Yield: 3.70%
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)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $2,560.5M $1,891.5M $1,453.6M $6.81 $7.30 3.27% $1,945.3M
FY 2017 $2,668.5M +4.2% $1,960.5M $1,442.2M -0.8% $6.73 -1.2% $8.00 3.83% $1,975.7M
FY 2018 $2,754.3M +3.2% $2,014.6M $1,711.0M +18.6% $8.54 +26.9% $8.00 3.95% $2,061.5M
FY 2019 $2,846.8M +3.4% $2,801.2M $1,520.5M -11.1% $7.29 -14.6% $8.00 3.76% $2,067.6M
FY 2020 $2,915.1M +2.4% $2,858.8M $1,357.2M -10.7% $6.29 -13.7% $8.00 3.46% $2,042.9M
FY 2021 $3,415.8M +17.2% $3,325.1M $1,953.3M +43.9% $9.87 +56.9% $8.00 2.14% $2,543.6M
FY 2022 $4,182.2M +22.4% $4,045.8M $4,349.1M +122.7% $23.50 +138.1% $22.17 7.91% $3,117.1M $2,045.7M
FY 2023 $4,517.7M +8.0% $2,251.6M $2,148.3M -50.6% $11.06 -52.9% $12.00 3.93% $3,246.6M $2,296.5M +12.3%
FY 2024 $4,695.6M +3.9% $2,195.8M $2,072.0M -3.6% $10.64 -3.8% $12.00 4.01% $3,128.3M $2,533.9M +10.3%
FY 2025 $4,824.1M +2.7% $1,896.5M $1,784.3M -13.9% $9.01 -15.3% $12.00 4.62% $3,186.4M $1,913.8M -24.5%
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Valuation

Market Price $294.60
Market Cap $51.72B
Enterprise Value $61.65B
P/E Ratio 32.70
P/B Ratio 5.59
FCF Yield 3.70%
Dividend Yield 4.07%
Shares Outstanding 175,545,700
%

Profitability & Margins

Gross Margin 39.31%
Operating Margin 37.10%
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) $1.27B
Free Cash Flow $1.91B
OCF / Revenue 66.05%
FCF / Revenue 39.67%
FCF 3-Yr CAGR -2.20%
🏷️

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