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.