Public Storage

Real Estate Self-Storage REITs Glendale, California Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.8B
                    3y CAGR +4.9%
                    
                    P30
                    
                    +2.7%
                    
                    Net income
                    FY2025
                
$1.8B
                    Net margin +37.0%
                    
                    P80
                    
                    -13.9%
                    
                    Total assets
                    FY2025
                
$20.2B
                    ROA +8.8%
                    
                    P94
                    
                    +2.3%
                    
                    Operating cash flow
                    FY2025
                
$3.2B
                    
                    +1.9%

19 yrs · FY2007–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

19 accounts · 5 years

Total assets $20.2B

Total liabilities $10.9B

Shareholders equity $9.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	-18.9%	-15.2%	-29.0%	+5.5%	—
Other Current Assets	+10.0%	+10.8%	+15.1%	+11.2%	—
Goodwill	+0.0%	+0.0%	+0.0%	+0.0%	—
Intangible Assets	-13.3%	-6.2%	+30.9%	-59.5%	—
Other Noncurrent Assets	+10.0%	+10.8%	+15.1%	+11.2%	—
Total Assets	+3.8%	+4.4%	+6.8%	+1.0%	—
Liabilities
Accrued Liabilities	+6.2%	+6.9%	+11.5%	+6.8%	—
Current Portion of Long Term Debt	+8.2%	+7.8%	+10.4%	-8.1%	—
Total Current Liabilities	+8.1%	+7.7%	+10.4%	-7.2%	—
Long Term Debt	+8.2%	+7.8%	+10.4%	-8.1%	—
Total Liabilities	+8.1%	+7.7%	+10.4%	-7.2%	—
Equity
Preferred Stock	+1.5%	+2.0%	+3.0%	+6.1%	—
Common Stock	+0.1%	+0.1%	+0.2%	+0.1%	—
Additional Paid In Capital	+1.4%	+1.7%	+1.4%	+1.3%	—
Retained Earnings	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Noncontrolling Interest	+46.9%	+71.3%	+115.9%	+364.4%	—
Total Stockholders Equity	-0.2%	+1.3%	+3.6%	+7.9%	—
Total Liabilitiesand Equity	+3.8%	+4.4%	+6.8%	+1.0%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $4.8B

Operating income Not reported

Net income $1.8B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+9.0%	+11.2%	+15.0%	+22.4%	—
Expenses Cost of Revenue	+12.4%	+15.5%	+15.7%	+20.1%	—
Expenses Selling,General and Administrative	+8.9%	+12.0%	+3.0%	-5.7%	—
Expenses Depreciation and Amortization	+12.7%	+16.6%	+16.6%	+24.5%	—
Expenses Share Based Compensation	-9.6%	-9.2%	-16.6%	-5.2%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—
Expenses Operating Expenses	+12.4%	+15.5%	+15.7%	+20.1%	—
Other Income Expense Interest Expense	+35.3%	+46.8%	+48.9%	+50.2%	—
Other Income Expense Income Before Tax	-2.4%	+1.9%	+4.9%	+122.1%	—
Income Tax Income Tax Expense	—	-27.7%	-6.5%	+15.9%	—
net Income net Income	-2.2%	+2.0%	+4.9%	+122.7%	—
net Income Comprehensive Income	-1.8%	+2.1%	+5.5%	+122.5%	—
Earnings Per Share Basic Eps	-2.3%	+2.5%	+5.9%	+138.5%	—
Earnings Per Share Diluted Eps	-2.3%	+2.5%	+5.9%	+138.1%	—
Earnings Per Share Weighted Average Shares Basic	+0.1%	+0.1%	+0.2%	+0.2%	—
Earnings Per Share Weighted Average Shares Diluted	+0.0%	+0.1%	+0.2%	+0.4%	—

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 5 years

Operating cash flow $3.2B

Investing cash flow $-1.7B

Financing cash flow $-1.6B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-2.2%	+2.0%	+4.9%	+122.7%	—
Operating Activities Depreciation and Amortization	+12.7%	+16.6%	+16.6%	+24.5%	—
Operating Activities Stock Based Compensation	-9.6%	-9.2%	-16.6%	-5.2%	—
Operating Activities Deferred Income Taxes	—	-27.7%	-6.5%	+15.9%	—
Operating Activities Other Non Cash Items	+0.1%	-29.9%	+60.2%	+211.4%	—
Operating Activities net Cash From Operating Activities	+5.8%	+7.1%	+13.0%	+22.6%	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	-28.0%	-38.9%	-34.2%	—	—
Financing Activities Repayment of Debt	+314.0%	+614.3%	+93.0%	+23051.3%	—
Financing Activities Repurchase of Common Stock	—	-38.9%	—	—	—
Financing Activities Proceeds From Stock Issuance	-44.0%	-21.0%	-25.6%	-63.2%	—
Financing Activities Tax Withholding On Stock Based Compensation	-9.8%	-1.0%	+3.3%	+28.8%	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	-53.9%	—	-90.8%	—
Cash Reconciliation Cash At Beginning of Period	-19.6%	-16.2%	-27.5%	+5.8%	—
Cash Reconciliation Cash At End of Period	-19.6%	-16.2%	-27.5%	+5.8%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+40.0%	+40.4%	+46.3%	+47.9%	+46.9%
Operating margin	—	—	—	—	—
Net margin	+37.0%	+44.1%	+47.6%	+104.0%	+57.2%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	+4.9%	+11.2%	+15.7%	+13.6%	+7.4%
Returns
ROE	+19.3%	+21.3%	+21.5%	+43.2%	+20.9%
ROA	+8.8%	+10.5%	+10.8%	+24.8%	+11.2%
ROIC	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	1.18x	1.02x	0.97x	0.73x	0.85x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.24x	0.24x	0.23x	0.24x	0.20x
Cash conversion cycle	—	—	—	—	—

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Public Storage

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