Public Storage
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.8B | $4.7B | $4.5B | $4.2B | $3.4B |
| Interest expense | $304.5M | $287.4M | $201.1M | $136.3M | $90.8M |
| Pretax income | $1.8B | $2.1B | $2.2B | $4.4B | $2.0B |
| Income tax expense | -$7.2M | $4.7M | $10.8M | $14.3M | $12.4M |
| Net income | $1.8B | $2.1B | $2.1B | $4.3B | $2.0B |
| Balance Sheet | |||||
| Cash and equivalents | $318.1M | $447.4M | $370.0M | $775.3M | $734.6M |
| Total assets | $20.2B | $19.8B | $19.8B | $17.6B | $17.4B |
| Total liabilities | $10.9B | $9.9B | $9.7B | $7.4B | $8.0B |
| Total debt | $10.3B | $9.4B | $9.2B | $6.9B | $7.5B |
| Stockholders' equity | $9.2B | $9.7B | $10.0B | $10.1B | $9.3B |
| Cash Flow Statement | |||||
| Cash from operations | $3.2B | $3.1B | $3.2B | $3.1B | $2.5B |
| Depreciation and amortization | $1.2B | $1.1B | $970.1M | $888.1M | $713.4M |
| Stock-based compensation | $39.9M | $44.7M | $41.6M | $56.7M | $59.8M |
| Dividends paid | — | — | — | — | $1.4B |
| Share repurchases | $0 | $200.0M | $0 | $0 | $875.0M |
Shares outstanding 175.5M · Free float 77.8%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.
Earnings
Other Coverage
July 22, 2026
Deals
Public Storage Completes $10.5 Billion National Storage Affiliates Deal
July 13, 2026
Economy Survey
Capex Push Cuts Across Banking, Industrials, Health and Retail
June 22, 2026
Economy Survey
Investment Spending Emerges as the Week's Common Thread
June 22, 2026
Deals
Public Storage to Buy Public Storage Canada in $1.2 Billion Mixed Deal