Public Storage Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Public Storage has an operating margin of 73.8%, meaning the company retains $74 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power.
Public Storage's revenue declined 99.9% year-over-year, from $4.7B to $4.5M. This contraction results in a growth score of 0/100.
Public Storage carries a low D/E ratio of 1.11, meaning only $1.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.
Public Storage earns a strong 19.3% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 77/100. This is down from 21.3% the prior year.
Public Storage passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Public Storage generates $1.79 in operating cash flow ($3.2M OCF vs $1.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Public Storage earns $10.9 in operating income for every $1 of interest expense ($3.3M vs $304K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Public Storage (PSA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Public Storage generated $4.5M in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Public Storage's EBITDA was $4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Public Storage reported $1.8M in net income in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Public Storage earned $9.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 15.3% from the prior year.
Public Storage held $318K in cash against $10.3M in long-term debt as of fiscal year 2025.
Public Storage paid $12.00 per share in dividends in fiscal year 2025.
Public Storage had 176M shares outstanding in fiscal year 2025.
Public Storage's operating margin was 73.8% in fiscal year 2025, reflecting core business profitability.
Public Storage's net profit margin was 39.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.4 percentage points from the prior year.
Public Storage's ROE was 19.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.
Public Storage spent $200K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.9% from the prior year.
PSA Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B-0.7% | $1.2B+1.9% | $1.2B+1.5% | $1.2B+0.5% | $1.2B-0.9% | $1.2B+1.2% | $1.2B+1.4% | $1.2B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $27.0M-6.2% | $28.8M+11.9% | $25.7M+2.2% | $25.2M-22.6% | $32.5M+24.2% | $26.2M-1.4% | $26.6M+24.6% | $21.3M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $81.2M+1.9% | $79.7M+11.3% | $71.6M-0.6% | $72.0M-0.2% | $72.1M-2.9% | $74.3M+1.4% | $73.2M+8.1% | $67.8M |
| Income Tax | -$14.7M-620.1% | $2.8M-12.6% | $3.2M+127.2% | $1.4M+203.9% | -$1.4M-155.2% | $2.5M+19.9% | $2.1M+40.3% | $1.5M |
| Net Income | $507.1M-0.8% | $511.1M+42.6% | $358.4M-12.1% | $407.8M-33.7% | $614.6M+42.8% | $430.3M-16.9% | $518.1M+1.8% | $508.9M |
| EPS (Diluted) | $2.59-1.1% | $2.62+48.9% | $1.76-13.7% | $2.04-36.6% | $3.22+49.1% | $2.16-18.8% | $2.66+2.3% | $2.60 |
PSA Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20.2B+0.5% | $20.1B-2.1% | $20.5B+4.7% | $19.6B-0.7% | $19.8B-0.2% | $19.8B+0.1% | $19.8B+0.9% | $19.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $318.1M+7.3% | $296.5M-73.2% | $1.1B+284.6% | $287.2M-35.8% | $447.4M-25.3% | $599.0M+10.5% | $542.3M+99.6% | $271.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $165.8M0.0% | $165.8M0.0% | $165.8M0.0% | $165.8M0.0% | $165.8M0.0% | $165.8M0.0% | $165.8M0.0% | $165.8M |
| Total Liabilities | $10.9B+1.5% | $10.7B-3.2% | $11.1B+11.3% | $9.9B0.0% | $9.9B-1.5% | $10.1B+1.1% | $10.0B+4.3% | $9.6B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $10.3B+2.1% | $10.0B-3.8% | $10.4B+10.8% | $9.4B+0.8% | $9.4B-1.3% | $9.5B+0.8% | $9.4B+3.7% | $9.1B |
| Total Equity | $9.2B-0.7% | $9.3B-0.6% | $9.4B-2.0% | $9.6B-1.5% | $9.7B+1.1% | $9.6B-1.0% | $9.7B-2.4% | $9.9B |
| Retained Earnings | -$1.2B-6.0% | -$1.2B-6.0% | -$1.1B-25.1% | -$867.4M-24.1% | -$699.1M+5.2% | -$737.5M-24.4% | -$592.7M-76.4% | -$336.0M |
PSA Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $733.6M-16.2% | $875.1M+0.3% | $872.7M+23.8% | $705.1M-8.3% | $768.6M-3.8% | $798.8M-10.8% | $895.3M+34.5% | $665.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$364.3M+47.7% | -$696.0M-105.7% | -$338.3M-18.1% | -$286.5M+30.4% | -$411.6M-93.0% | -$213.3M-11.6% | -$191.1M-2.4% | -$186.6M |
| Financing Cash Flow | -$347.6M+64.8% | -$987.3M-448.9% | $283.0M+148.9% | -$578.8M-13.8% | -$508.6M+9.2% | -$559.9M-29.3% | -$432.9M+25.0% | -$577.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
PSA Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 41.7%-0.0pp | 41.8%+11.9pp | 29.8%-4.6pp | 34.5%-17.7pp | 52.2%+16.0pp | 36.2%-7.9pp | 44.2%+0.2pp | 44.0% |
| Return on Equity | 5.5%0.0pp | 5.5%+1.7pp | 3.8%-0.4pp | 4.3%-2.1pp | 6.3%+1.8pp | 4.5%-0.9pp | 5.3%+0.2pp | 5.1% |
| Return on Assets | 2.5%-0.0pp | 2.5%+0.8pp | 1.7%-0.3pp | 2.1%-1.0pp | 3.1%+0.9pp | 2.2%-0.5pp | 2.6%+0.0pp | 2.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.11+0.0 | 1.08-0.0 | 1.11+0.1 | 0.99+0.0 | 0.96-0.0 | 0.99+0.0 | 0.97+0.1 | 0.91 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is Public Storage's annual revenue?
Public Storage (PSA) reported $4.5M in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Public Storage's revenue growing?
Public Storage (PSA) revenue declined by 99.9% year-over-year, from $4.7B to $4.5M in fiscal year 2025.
Is Public Storage profitable?
Yes, Public Storage (PSA) reported a net income of $1.8M in fiscal year 2025, with a net profit margin of 39.8%.
What is Public Storage's earnings per share (EPS)?
Public Storage (PSA) reported diluted earnings per share of $9.01 for fiscal year 2025. This represents a -15.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Public Storage's EBITDA?
Public Storage (PSA) had EBITDA of $4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Public Storage have?
As of fiscal year 2025, Public Storage (PSA) had $318K in cash and equivalents against $10.3M in long-term debt.
What is Public Storage's operating margin?
Public Storage (PSA) had an operating margin of 73.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Public Storage's net profit margin?
Public Storage (PSA) had a net profit margin of 39.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Public Storage pay dividends?
Yes, Public Storage (PSA) paid $12.00 per share in dividends during fiscal year 2025.
What is Public Storage's return on equity (ROE)?
Public Storage (PSA) has a return on equity of 19.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Public Storage's operating cash flow?
Public Storage (PSA) generated $3.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Public Storage's total assets?
Public Storage (PSA) had $20.2M in total assets as of fiscal year 2025, including both current and long-term assets.
Does Public Storage buy back shares?
Yes, Public Storage (PSA) spent $200K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Public Storage have outstanding?
Public Storage (PSA) had 176M shares outstanding as of fiscal year 2025.
What is Public Storage's debt-to-equity ratio?
Public Storage (PSA) had a debt-to-equity ratio of 1.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Public Storage's return on assets (ROA)?
Public Storage (PSA) had a return on assets of 8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Public Storage's Piotroski F-Score?
Public Storage (PSA) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Public Storage's earnings high quality?
Public Storage (PSA) has an earnings quality ratio of 1.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Public Storage cover its interest payments?
Public Storage (PSA) has an interest coverage ratio of 10.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Public Storage?
Public Storage (PSA) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.