Public Storage (PSA) | Financial Analysis & Statements

Public Storage | Large-cap | Real Estate

$298.09

1.59%

Public Storage vs Prologis Public Storage vs Extra Space Storage Public Storage vs Lineage Logistics Public Storage vs CubeSmart Public Storage vs EastGroup Properties Public Storage vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 4.7B

Gross Profit 3.4B 73.21%

Operating Income 2.2B 46.88%

Net Income 2.1B 44.39%

EPS (Diluted) $10.64

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)	$10.64	$11.06	$23.50	$9.87	$6.29

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) 29.27

Forward P/E 27.73

Price to Book 9.91

Price to Sales 10.91

PEG Ratio 27.73

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) $10.07

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	51.7B	29.27	9.91	20.12%	41.59%	97.46
Prologis	99.4B	26.72	1.86	6.83%	42.81%	56.64
Extra Space Storage	32.4B	34.05	2.23	6.39%	27.13%	89.65
Lineage Logistics	11.3B	-12.51	1.19	-9.07%	-11.77%	78.40
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

Financial data is updated regularly. All figures are in the company's reporting currency.