# Public Storage (PSA)

**Exchange:** NYSE  
**Sector:** Real Estate  
**Market cap:** $57.12B  
**Price:** $324.71 (+0.26%)

> Public Storage Common Stock represents ownership in Public Storage, a real estate investment trust specializing in self-storage facilities. The company focuses on acquiring, developing, owning, and operating properties that provide storage units to individuals and businesses for personal, household, and commercial use. Public Storage operates across multiple U.S. states and is recognized as one of the largest self-storage providers by rentable square footage, giving it broad geographic and customer diversification. Its core business is supported by additional services, including the sale of storage-related merchandise, third-party property management for other self-storage owners, and insurance products that help customers protect stored goods. These activities position Public Storage as a significant participant in the real estate sector, particularly within the storage-focused REIT segment. The company is headquartered in Frisco, Texas, and was founded in 1972, serving a wide range of customers who seek flexible, short- and long-term storage solutions.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4.82B | — | — | $1.78B | — |
| 2024 | $4.70B | — | — | $2.07B | — |
| 2023 | $4.52B | — | — | $2.15B | — |
| 2022 | $4.18B | — | — | $4.35B | — |
| 2021 | $3.42B | — | — | $1.95B | — |
| 2020 | $2.92B | — | — | $1.36B | — |
| 2019 | $2.86B | — | — | $1.52B | — |
| 2018 | $2.76B | $2.01B | — | $1.71B | — |
| 2017 | $2.67B | $1.96B | $1.42B | $1.44B | — |
| 2016 | $2.56B | $1.89B | $1.37B | $1.45B | — |
| 2015 | $2.38B | $1.75B | $1.23B | $1.31B | — |
| 2014 | $2.18B | $1.56B | $1.06B | $1.14B | — |
| 2013 | $1.96B | $1.41B | $951M | $1.05B | — |
| 2012 | $1.84B | — | $872M | $939M | — |
| 2011 | $1.74B | — | $763M | $824M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $20.21B | $10.87B | $9.25B | $318M | $10.25B |
| 2024 | $19.75B | $9.94B | $9.71B | $447M | $9.35B |
| 2023 | $19.81B | $9.70B | $10.01B | $370M | $9.10B |
| 2022 | $17.55B | $7.39B | $10.07B | $775M | $6.87B |
| 2021 | $17.38B | $7.96B | $9.34B | $735M | $7.48B |
| 2020 | $11.82B | $3.24B | $8.56B | $258M | $2.54B |
| 2019 | $11.37B | $2.29B | $9.06B | $410M | $1.90B |
| 2018 | $10.93B | $1.78B | $9.12B | $361M | $1.41B |
| 2017 | $10.73B | $1.77B | $8.94B | $433M | $1.43B |
| 2016 | $10.13B | $689M | $9.41B | $184M | $391M |
| 2015 | $9.78B | $581M | $9.17B | $104M | — |
| 2014 | $9.82B | $312M | $9.48B | $188M | — |
| 2013 | $9.88B | $1.06B | $8.79B | $19M | — |
| 2012 | $8.79B | $671M | $8.09B | $17M | — |
| 2011 | $8.93B | $609M | $8.29B | $139M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $3.19B | — | — |
| 2024 | $3.13B | — | — |
| 2023 | $3.25B | — | — |
| 2022 | $3.12B | — | — |
| 2021 | $2.54B | — | — |
| 2020 | $2.04B | — | — |
| 2019 | $2.07B | — | — |
| 2018 | $2.06B | — | — |
| 2017 | $1.97B | — | — |
| 2016 | $1.95B | — | — |
| 2015 | $1.75B | — | — |
| 2013 | $1.43B | — | — |
| 2012 | $1.29B | — | — |
| 2011 | $1.20B | — | — |
| 2010 | $1.09B | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/PSA)