financial statements
The full income statement, balance sheet, and cash-flow statement for Public Storage (PSA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.82B YoY+2.7% | 4.70B YoY+3.9% | 4.52B YoY+8.0% | 4.18B YoY+22.4% | 3.42B YoY+17.2% | |
| Selling, general & administrative | 107M YoY+0.0% | 107M YoY+32.3% | 80.6M YoY+12.5% | 71.7M YoY-5.7% | 76.0M YoY-8.7% | |
| General & administrative | 107M YoY+0.0% | 107M YoY+32.3% | 80.6M YoY+12.5% | 71.7M YoY-5.7% | 76.0M YoY-8.7% | |
| Restructuring | 4.88M | — | — | — | — | |
| Amortization of intangibles | 94.0M YoY-20.1% | 118M YoY+42.2% | 82.7M YoY-13.1% | 95.2M YoY+24.3% | 76.6M YoY+375.8% | |
| Interest expense | 304M YoY+5.9% | 287M YoY+42.9% | 201M YoY+47.5% | 136M YoY+50.2% | 90.8M YoY+61.3% | |
| Equity-method income | 9.60M YoY-51.5% | 19.8M YoY-28.9% | 27.9M YoY-73.9% | 107M YoY-53.9% | 232M YoY+188.3% | |
| Pre-tax income | 1.79B YoY-14.3% | 2.09B YoY-3.8% | 2.17B YoY-50.4% | 4.38B YoY+122.1% | 1.97B | |
| Income tax | -7.23M YoY-254.8% | 4.67M YoY-56.9% | 10.8M YoY-24.5% | 14.3M YoY+15.9% | 12.4M | |
1.78B YoY-13.9% | 2.07B YoY-3.6% | 2.15B YoY-50.6% | 4.35B YoY+122.7% | 1.95B YoY+43.9% | ||
$9.01 YoY-15.3% | $10.64 YoY-3.8% | $11.06 YoY-52.9% | $23.50 YoY+138.1% | $9.87 YoY+56.9% | ||
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 318M YoY-28.9% | 447M YoY+20.9% | 370M YoY-52.3% | 775M YoY+5.5% | 735M YoY+185.2% | |
20.2B YoY+2.3% | 19.8B YoY-0.3% | 19.8B YoY+12.9% | 17.6B YoY+1.0% | 17.4B YoY+47.1% | ||
| Short-term & current debt | 322M YoY+0.0% | 322M YoY+0.0% | 322M YoY+0.0% | 322M YoY+0.0% | 322M YoY+0.0% | |
10.9B YoY+9.3% | 9.94B YoY+2.5% | 9.70B YoY+31.4% | 7.39B YoY-7.2% | 7.96B YoY+145.6% | ||
9.25B YoY-4.8% | 9.71B YoY-3.0% | 10.0B YoY-0.6% | 10.1B YoY+7.9% | 9.34B YoY+9.1% | ||
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
3.19B YoY+1.9% | 3.13B YoY-3.6% | 3.25B YoY+4.2% | 3.12B YoY+22.6% | 2.54B YoY+24.5% | ||
-1.69B YoY-68.1% | -1.00B YoY+71.7% | -3.54B YoY-415.9% | 1.12B YoY+120.1% | -5.56B YoY-397.8% | ||
-1.63B YoY+21.5% | -2.08B YoY-1740.6% | -113M YoY+97.3% | -4.19B YoY-219.9% | 3.50B YoY+425.2% | ||
| FX effect on cash | — | — | 0.00 | 0.00 YoY-100.0% | 505K YoY+218.5% | |
| Net change in cash | -129M YoY-374.9% | 47.0M YoY+111.6% | -405M YoY-1022.7% | 43.9M YoY-90.8% | 479M YoY+417.1% | |
| Interest paid | 273M YoY+1.3% | 269M YoY+84.3% | 146M YoY+14.5% | 128M YoY+72.1% | 74.2M YoY+40.8% | |
| Income taxes paid | 6.35M YoY-7.7% | 6.88M YoY-37.8% | 11.1M YoY-2.1% | 11.3M YoY-11.1% | 12.7M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 45.5B YoY-13.2% | 52.4B YoY-2.2% | 53.6B YoY+9.0% | 49.2B YoY-25.1% | 65.7B YoY+62.7% | |
| P/E | 25.5× YoY+0.8% | 25.3× YoY+0.1% | 25.3× YoY+134.2% | 10.8× YoY-67.9% | 33.6× YoY+13.0% | |
| P/S | 9.4× YoY-15.5% | 11.2× YoY-7.4% | 12.1× YoY-1.5% | 12.2× YoY-36.3% | 19.2× YoY+38.8% | |
| P/B | 4.9× YoY-8.8% | 5.4× YoY+1.8% | 5.3× YoY+8.2% | 4.9× YoY-30.3% | 7.0× YoY+49.2% | |
| P/FCF | 14.3× YoY-14.7% | 16.8× YoY-0.3% | 16.8× YoY+6.2% | 15.8× YoY-38.7% | 25.8× YoY+30.7% | |
| Earnings yield | 3.9% YoY-0.8% | 4.0% YoY-0.1% | 4.0% YoY-57.3% | 9.3% YoY+211.5% | 3.0% YoY-11.5% | |
| FCF yield | 7.0% YoY+17.3% | 6.0% YoY+0.3% | 6.0% YoY-5.9% | 6.3% YoY+63.3% | 3.9% YoY-23.5% | |
| Dividend yield | 4.6% YoY+15.4% | 4.0% YoY+1.9% | 3.9% YoY-47.9% | 7.5% YoY+253.4% | 2.1% YoY-38.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PSA's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PSA filings on SEC EDGAR → Not investment advice.