Public Storage financials
$285.58+0.28%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.82B | $4.70B | $4.52B | $4.18B | $3.42B | $2.92B | $2.86B | $2.76B | $2.67B | $2.56B |
| Gross profit | $3.51B | $3.44B | $3.37B | $3.13B | $2.50B | $2.05B | $2.04B | $2.00B | $1.96B | $1.89B |
| Gross margin | 72.8% | 73.2% | 74.6% | 74.8% | 73.0% | 70.2% | 71.5% | 72.6% | 73.5% | 73.9% |
| Operating income | $2.24B | $2.19B | $2.29B | $2.14B | $1.69B | $1.41B | $1.47B | $1.41B | $1.42B | $1.37B |
| Net income | $1.59B | $1.87B | $1.95B | $4.14B | $1.73B | $1.10B | $1.27B | $1.49B | $1.17B | $1.18B |
| Net margin | 32.9% | 39.9% | 43.1% | 99.0% | 50.7% | 37.7% | 44.6% | 54.0% | 43.9% | 46.2% |
| Diluted EPS | $9.01 | $10.64 | $11.06 | $23.50 | $9.87 | $6.29 | $7.29 | $8.54 | $6.73 | $6.81 |
| EBITDA | $3.39B | $3.32B | $3.26B | $3.03B | $2.42B | $1.96B | $1.98B | $1.90B | $1.88B | $1.81B |
| Operating cash flow | $3.19B | $3.13B | $3.25B | $3.12B | $2.54B | $2.04B | $2.06B | $2.20B | $1.96B | $1.93B |
| Free cash flow | $2.59B | $2.38B | $2.42B | $2.34B | $1.99B | $1.68B | $1.58B | $1.72B | — | $1.58B |
| Diluted shares | 175.9M | 176.0M | 176.1M | 176.3M | 175.6M | 174.6M | 174.5M | 174.3M | 174.2M | 173.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $318.1M | $447.4M | $370.0M | $775.3M | $734.6M | $257.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $10.25B | $9.35B | $9.10B | $6.87B | $7.48B | $2.54B |
| Total assets | $20.21B | $19.75B | $19.81B | $17.55B | $17.38B | $11.82B |
| Total liabilities | $10.87B | $9.94B | $9.70B | $7.39B | $7.96B | $3.24B |
| Shareholders' equity | $9.34B | $9.81B | $10.11B | $10.17B | $9.36B | $8.58B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology