PSA

Public Storage

Real Estate

Self-Storage REITs

Glendale, California

Last filing: Feb 12, 2026 (FY2025)

Balance Sheet 6 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
BS_Assets_Cash	$0	$447.4M	$370.0M	$775.3M	$734.6M
BS_Assets_Goodwill	$0	$165.8M	$165.8M	$165.8M	$165.8M
BS_Assets_IntangibleAssets	$0	$97.5M	$202.6M	$47.9M	$118.2M
BS_Equity_PreferredStock	$0	$4.3B	$4.3B	$4.3B	$4.1B
BS_Equity_CommonStock	$0	$17.5M	$17.6M	$17.5M	$17.5M
BS_Equity_APIC	$43.5M	$6.1B	$6.0B	$5.9B	$5.8B

Income Statement 16 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
IS_Revenue_Total	$4.8B	$4.7B	$4.5B	$4.2B	$3.4B
IS_Expense_COGS	$2.9B	$2.8B	$2.4B	$2.2B	$1.8B
IS_Expense_SGA	$106.7M	$106.7M	$80.6M	$71.7M	$76.0M
IS_Expense_DA	$1.2B	$1.1B	$970.1M	$888.1M	$713.4M
IS_Expense_SBC	$39.9M	$44.7M	$41.6M	$56.7M	$59.8M
IS_Expense_Restructuring	$4.9M	—	—	—	—
IS_Expense_TotalOpex	$2.9B	$2.8B	$2.4B	$2.2B	$1.8B
IS_InterestExpense	$304.5M	$287.4M	$201.1M	$136.3M	$90.8M
IS_PreTaxIncome	$1.8B	$2.1B	$2.2B	$4.4B	$2.0B
IS_TaxExpense	$-7.2M	$4.7M	$10.8M	$14.3M	$12.4M
IS_NetIncome	$1.8B	$2.1B	$2.1B	$4.3B	$2.0B
IS_ComprehensiveIncome	$1.8B	$2.1B	$2.2B	$4.3B	$1.9B
IS_EPS_Basic	$9	$11	$11	$24	$10
IS_EPS_Diluted	$9	$11	$11	$24	$10
IS_Shares_Basic	$175.4M	$175.4M	$175.5M	$175.3M	$174.9M
IS_Shares_Diluted	$175.9M	$176.0M	$176.1M	$176.3M	$175.6M

Cash Flow Statement 15 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
CF_Ops_NetIncome	$1.8B	$2.1B	$2.1B	$4.3B	$2.0B
CF_Ops_DA	$1.2B	$1.1B	$970.1M	$888.1M	$713.4M
CF_Ops_SBC	$39.9M	$44.7M	$41.6M	$56.7M	$59.8M
CF_Ops_DeferredTax	$-7.2M	$4.7M	$10.8M	$14.3M	$12.4M
CF_Ops_Other	$4.9M	$1.7M	$12.5M	$15.2M	$4.9M
CF_Ops_NetCash	$3.2B	$3.1B	$3.2B	$3.1B	$2.5B
CF_Inv_Acquisitions	$0	$0	$2.2B	$0	$0
CF_Inv_NetCash	$-1.7B	$-1.0B	$-3.5B	$1.1B	$-5.6B
CF_Fin_DebtIssuance	$1.4B	$1.2B	$2.2B	$0	$5.0B
CF_Fin_DebtRepayment	$651.5M	$808.5M	$8.3M	$513.5M	$2.2M
CF_Fin_ShareRepurchases	$0	$200.0M	$0	$0	$875.0M
CF_Fin_StockIssuance	$9.4M	$47.3M	$53.1M	$35.3M	$95.9M
CF_Fin_TaxWithholding	$8.6M	$12.7M	$13.9M	$16.8M	$13.1M
CF_Fin_NetCash	$-1.6B	$-2.1B	$-112.9M	$-4.2B	$3.5B
CF_Net_Change	$-129.3M	$47.0M	$-404.8M	$43.9M	$478.7M

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