Public Storage (PSA)
NYSE: PSA · Real-Time Price · USD
340.76
+3.30 (0.98%)
Nov 9, 2026, 2:53 PM EST - Market open
Public Storage Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 1,900 | 1,784 | 2,072 | 2,148 | 4,349 | 1,953 |
Depreciation & Amortization | 1,287 | 1,152 | 1,130 | 970.06 | 888.15 | 713.43 |
Other Amortization | 11.4 | 10.35 | 9.73 | 7.97 | - | - |
Gain (Loss) on Sale of Assets | -27.76 | -1.11 | -1.54 | -17.18 | -1.5 | -13.68 |
Gain (Loss) on Sale of Investments | - | - | - | - | -2,129 | - |
Asset Writedown | 0.19 | 4.35 | - | - | - | - |
Stock-Based Compensation | 44.75 | 39.9 | 44.75 | 41.57 | 56.7 | 59.82 |
Income (Loss) on Equity Investments | 14.74 | -7.78 | -8.78 | 1.44 | 27.79 | -81.61 |
Change in Other Net Operating Assets | -134.06 | 1.8 | -29.79 | 18.9 | -9.05 | 12.87 |
Other Operating Activities | -72.96 | 202.76 | -87.89 | 75.57 | -65.23 | -100.53 |
Operating Cash Flow | 3,006 | 3,186 | 3,128 | 3,247 | 3,117 | 2,544 |
Operating Cash Flow Growth | -6.70% | 1.86% | -3.65% | 4.15% | 22.55% | 24.51% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Acquisition of Real Estate Assets | -2,626 | -1,625 | -1,027 | -1,649 | -1,556 | -5,424 |
Sale of Real Estate Assets | 31.92 | 8.15 | 8.39 | 39.99 | 1.54 | 16.3 |
Net Sale / Acq. of Real Estate Assets | -2,594 | -1,617 | -1,018 | -1,609 | -1,554 | -5,408 |
Cash Acquisition | - | - | - | -2,178 | - | - |
Investment in Marketable & Equity Securities | 8.73 | - | 13.29 | 10.98 | 2,650 | 19.52 |
Other Investing Activities | -340.7 | -131.23 | -9.96 | - | - | - |
Investing Cash Flow | -2,892 | -1,685 | -1,003 | -3,539 | 1,120 | -5,564 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
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 Debt Issued (Repaid) | 1,913 | 704.9 | 342.52 | 2,173 | -513.5 | 5,037 |
Issuance of Common Stock | 54.37 | 9.41 | 107.6 | 53.13 | 35.27 | 95.86 |
Repurchase of Common Stock | -8.08 | -8.65 | -212.67 | -13.95 | -16.83 | -13.07 |
Preferred Stock Issued | - | - | - | - | 250 | 1,183 |
Preferred Share Repurchases | - | - | - | - | - | -1,175 |
Common Dividends Paid | - | - | - | - | - | -1,402 |
Preferred Dividends Paid | - | - | - | - | - | -186.58 |
Common & Preferred Dividends Paid | -1,762 | -2,303 | -2,302 | -2,305 | -3,908 | - |
Total Dividends Paid | -1,762 | -2,303 | -2,302 | -2,305 | -3,908 | -1,589 |
Other Financing Activities | -47.45 | -32.97 | -14.09 | -19.8 | -39.72 | -39.95 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | - | - | - | - | - | 0.51 |
Net Cash Flow | 263.92 | -129.32 | 47.04 | -404.78 | 43.87 | 478.69 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Levered Free Cash Flow | 2,965 | 2,311 | 2,405 | 2,673 | 2,323 | 1,831 |
Unlevered Free Cash Flow | 3,171 | 2,491 | 2,575 | 2,791 | 2,408 | 1,887 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 290.76 | 273.01 | 269.5 | 146.21 | 127.71 | 74.19 |
Cash Income Tax Paid | 6.52 | 6.35 | 6.88 | 11.06 | 11.29 | 12.7 |
Change in Working Capital | -134.06 | 1.8 | -29.79 | 18.9 | -9.05 | 12.87 |