Public Storage (PSA.PR.S) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
4.7B
Gross Profit
3.4B
73.21%
Operating Income
2.2B
46.88%
Net Income
2.1B
44.39%
Balance Sheet Metrics
Total Assets
19.8B
Total Liabilities
9.9B
Shareholders Equity
9.8B
Debt to Equity
1.01
Cash Flow Metrics
Operating Cash Flow
3.2B
Free Cash Flow
2.7B
Revenue & Profitability Trend
Public Storage Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 4.7B | 4.5B | 4.2B | 3.4B | 2.9B |
| Cost of Goods Sold | 1.3B | 1.1B | 1.1B | 920.6M | 867.5M |
| Gross Profit | 3.4B | 3.4B | 3.1B | 2.5B | 2.0B |
| Operating Expenses | 106.7M | 80.6M | 89.2M | 84.4M | 74.9M |
| Operating Income | 2.2B | 2.3B | 2.2B | 1.7B | 1.4B |
| Pre-tax Income | 2.1B | 2.2B | 4.4B | 2.0B | 1.4B |
| Income Tax | 4.7M | 10.8M | 14.3M | 12.4M | - |
| Net Income | 2.1B | 2.2B | 4.4B | 2.0B | 1.4B |
| EPS (Diluted) | - | - | - | - | - |
Income Statement Trend
Public Storage Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 447.4M | 370.0M | 775.3M | 734.6M | 257.6M |
| Non-Current Assets | 19.3B | 19.4B | 16.8B | 16.6B | 11.6B |
| Total Assets | 19.8B | 19.8B | 17.6B | 17.4B | 11.8B |
| Liabilities | |||||
| Current Liabilities | 588.2M | 599.0M | 514.7M | 482.1M | 394.7M |
| Non-Current Liabilities | 9.4B | 9.1B | 6.9B | 7.5B | 2.8B |
| Total Liabilities | 9.9B | 9.7B | 7.4B | 8.0B | 3.2B |
| Equity | |||||
| Total Shareholders Equity | 9.8B | 10.1B | 10.2B | 9.4B | 8.6B |
Balance Sheet Composition
Public Storage Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 2.1B | 2.2B | 4.4B | 2.0B | 1.4B |
| Operating Cash Flow | 3.2B | 3.2B | 5.3B | 2.7B | 2.0B |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | -10.0M | -2.2B | 2.6B | 0 | 7.5M |
| Financing Activities | |||||
| Dividends Paid | -2.3B | -2.3B | -3.9B | -1.6B | -1.6B |
| Financing Cash Flow | -2.1B | -166.1M | -4.2B | 3.4B | -1.1B |
| Free Cash Flow | 2.7B | 2.8B | 2.7B | 2.3B | 1.9B |
Cash Flow Trend
Public Storage Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
1.56
Price to Book
0.54
Price to Sales
0.61
Profitability Ratios
Profit Margin
41.59%
Operating Margin
45.47%
Return on Equity
20.12%
Return on Assets
7.06%
Financial Health
Current Ratio
0.55
Debt to Equity
97.46
Beta
0.88
Per Share Data
EPS (TTM)
$10.29
Book Value per Share
$29.73
Revenue per Share
$27.04
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| psa.pr.s | 2.9B | 1.56 | 0.54 | 20.12% | 41.59% | 97.46 |
| Prologis | 99.4B | 26.72 | 1.86 | 6.83% | 42.81% | 56.64 |
| Public Storage | 51.7B | 29.27 | 9.91 | 20.12% | 41.59% | 97.46 |
| CubeSmart | 9.7B | 25.07 | 3.40 | 13.34% | 35.73% | 117.53 |
| EastGroup Properties | 9.0B | 37.49 | 2.68 | 7.61% | 34.79% | 44.73 |
| Rexford Industrial | 9.1B | 30.21 | 1.01 | 3.36% | 29.10% | 36.59 |
Financial data is updated regularly. All figures are in the company's reporting currency.