Public Storage Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,797	2,084	2,160	4,366	1,960
Depreciation & Amortization	1,152	1,130	970.06	888.15	713.43
Stock-Based Compensation	39.9	44.75	41.57	56.7	59.82
Other Adjustments	195.87	-100.88	56.01	-2,185	-202.19
Changes in Other Operating Activities	1.8	-29.79	18.9	-9.05	12.87
Operating Cash Flow	3,186	3,128	3,247	3,117	2,544
Operating Cash Flow Growth	1.86%	-3.65%	4.15%	22.55%	24.51%
Capital Expenditures	-1,546	-1,014	-1,299	-1,531	-5,599
Sale of Property, Plant & Equipment	8.15	8.39	39.99	1.54	16.3
Proceeds from Sale of Investments	-	-	-	2,636	-
Payments for Business Acquisitions	-	-	-2,178	-	-
Other Investing Activities	-147.54	3.33	-101.58	13.67	19.52
Investing Cash Flow	-1,685	-1,003	-3,539	1,120	-5,564
Long-Term Debt Issued	1,356	1,151	2,181	-	5,039
Long-Term Debt Repaid	-651.52	-808.51	-8.26	-513.5	-2.22
Net Long-Term Debt Issued (Repaid)	704.9	342.52	2,173	-513.5	5,037
Issuance of Common Stock	9.41	107.6	53.13	35.27	95.86
Repurchase of Common Stock	-8.65	-212.67	-13.95	-16.83	-13.07
Net Common Stock Issued (Repurchased)	0.77	-105.07	39.18	18.44	82.79
Issuance of Preferred Stock	-	-	-	242.83	1,147
Repurchase of Preferred Stock	-	-	-	-	-1,175
Net Preferred Stock Issued (Repurchased)	-	-	-	242.83	-27.55
Common Dividends Paid	-2,303	-2,302	-2,305	-3,908	-1,589
Other Financing Activities	-32.97	-14.09	-19.8	-32.55	-4.9
Financing Cash Flow	-1,631	-2,079	-112.93	-4,193	3,498
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-	0.51
Net Cash Flow	-129.32	47.04	-404.78	43.87	478.69
Free Cash Flow	1,641	2,114	1,948	1,586	-3,056
Free Cash Flow Growth	-22.38%	8.52%	22.82%	-	-
FCF Margin	34.01%	45.02%	43.12%	37.92%	-89.46%
Free Cash Flow Per Share	9.33	12.01	11.06	9.00	-17.41
Levered Free Cash Flow	1,898	2,301	3,812	2,977	1,896
Unlevered Free Cash Flow	1,853	2,266	1,971	1,482	-3,192

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.