MARKETS / NYSE / PSA
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Public Storage PSA

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$4.8B
▲ 2.7% vs FY2024
EPS · FY25
$9.01
Dividend / sh · FY25
$12.00
Payout · FY25
ROE · FY25
18.8%
Net margin · FY25
37.0%
Dividend coverage
0.8×
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Result
USD 4.8B
Revenue, FY2025 · full 19-year series below
Revenue Net income
2464.81.82007201020132016201920222025
2464.81.82016201920222025

37 cents of every revenue dollar became profit this year.

Per share
USD 9.01
Diluted EPS, FY2025
EPS Dividend
8162412.009.012007201020132016201920222025
8162412.009.012016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
18.8%
Return on equity, FY2025
ROE
20406018.8%2007201020132016201920222025
20406018.8%2016201920222025
Operating margin37.1%
Net margin37.0%
Return on assets8.9%

Each USD of equity produced 19 cents of profit this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 0.00
Share of profit0.0%
Consecutive raises

Growth
+10.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+4.9%
+10.6%
+7.3%
+7.6%
Net income
−25.7%
+5.6%
+3.1%
+6.7%
EPS, diluted
−27.4%
+7.5%
+4.0%
+9.4%
Dividend / share
−17.2%
+8.4%
+6.3%
+9.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
0.170.182007201020132016201920222025
0.170.182016201920222025
Change, 5 years+0.9%
Change, 10 years+2.3%

The share count grew 1% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 20.2B
total assets, end of FY2025
Total assetsUSD 20.2B
EquityUSD 9.2B
CashUSD 318.1M
Gross debtUSD 10.3B
Net debtUSD 9.9B

Net debt stands at 107% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
4.8
4.7
4.5
4.2
3.4
2.9
2.9
2.8
2.7
2.6
2.4
2.2
2.0
1.8
1.7
1.6
1.6
1.7
1.8
Operating income $B
1.8
2.1
2.2
4.4
2.0
·
·
·
1.4
1.4
1.2
1.1
1.0
0.9
0.8
0.7
·
·
·
EBITDA $B
2.9
3.2
3.1
5.3
2.7
·
·
·
1.9
1.8
1.7
1.5
1.3
1.2
1.1
1.0
·
·
·
Income tax $B
−0.0
0.0
0.0
0.0
0.0
·
·
·
0.0
0.0
0.0
0.0
0.0
·
·
·
·
·
·
Net income $B
1.8
2.1
2.1
4.3
2.0
1.4
1.5
1.7
1.4
1.5
1.3
1.1
1.1
0.9
0.8
0.7
0.8
0.9
0.5
EPS, diluted $
9.01
10.64
11.06
23.50
9.87
6.29
7.29
8.54
6.73
6.81
6.07
5.25
4.89
3.90
3.29
2.35
3.47
4.18
0.01
Dividend / sh $
12.00
12.00
12.00
21.15
8.00
8.00
8.00
8.00
8.00
7.30
6.50
5.60
5.15
4.40
3.65
3.05
2.20
2.80
2.00
Payout %
·
·
·
·
·
·
·
·
·
·
·
85
84
80
75
77
45
50
·
ROE %
18.8
21.0
21.4
44.8
21.8
15.4
16.7
18.9
15.7
15.6
14.1
12.5
12.5
11.5
9.7
7.6
9.5
10.7
·
Shares out B
·
·
0.18
0.18
0.18
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
42 of 43
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 1 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed