PSA - NYSE
Public Storage
$303.70
+1.5%Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.
At a Glance
Live SnapshotPublic Storage Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
Public Storage Cash Flow Statement
PSA • NYSE
| Public Storage Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
1.8B | 2.1B | 2.2B | 4.4B | 2B | 1.4B | 1.5B | 1.7B | 1.4B | 1.5B | 1.3B | 1.1B | 1.1B | 943M | 836.5M | 696.1M | 790.5M | 973.9M | 457.5M | 314M | |
1.2B | 1.1B | 970.1M | 888.1M | 713.4M | 553.3M | 512.9M | 483.6M | 454.5M | 433.3M | 426M | 437.1M | 387.4M | 358.1M | 358.5M | 354.4M | 342.1M | 414.2M | 622.9M | 437.6M | |
39.9M | 44.7M | 41.6M | 56.7M | 59.8M | 33.4M | 25.8M | 69.9M | 37.5M | 37.5M | 32.6M | 29.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -23M | -7.9M | 0.0 | |
195.9M | -100.9M | 56M | -2.2B | -202.2M | 95.1M | 3.2M | -207.2M | 32.4M | 14.1M | -28M | -13.1M | -14.6M | -15.5M | 8.5M | 42.7M | -19.7M | -288.1M | -45M | 23.8M | |
(6.4M) | (6.9M) | (11.1M) | (11.3M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
1.8M | -29.8M | 18.9M | -9.1M | 12.9M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
3.2B | 3.1B | 3.2B | 3.1B | 2.5B | 2B | 2.1B | 2.1B | 2B | 1.9B | 1.7B | 1.6B | 1.4B | 1.3B | 1.2B | 1.1B | 1.1B | 1.1B | 1B | 775.4M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | -420M | -461.1M | -459.8M | -270.2M | -170M | -187.3M | -338.8M | -338.5M | -269.9M | -228.5M | -141.6M | -90.5M | -10.7M | -19.2M | -16.8M | -14.2M | -106.2M | -195.1M | -297.9M | |
(0.0) | (0.0) | -2.2B | (2.6B) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -105M | (0.0) | -1.3M | (0.0) | (0.0) | (519.8M) | (4.9M) | -134.2M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -104.8M | -17.8M | (0.0) | (0.0) | (0.0) | |
8.2M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 102.3M | 0.0 | 11.6M | 0.0 | 6.1M | 13.1M | |
-1.7B | -582.6M | -899.2M | -1.1B | -5.3B | -947.7M | -710M | -177.1M | -398.6M | -429.2M | -227.7M | -56.8M | -1.2B | -279.8M | -163.2M | -145M | -71M | -73.5M | -77.7M | -76.8M | |
-1.7B | -1B | -3.5B | (1.1B) | -5.6B | -1.1B | -897.4M | -515.9M | -737.1M | -699.1M | -456.1M | -198.3M | -1.4B | -290.5M | -81.4M | -266.6M | -91.4M | (340M) | -261.9M | -495.9M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
9.4M | -92.4M | 53.1M | 35.3M | 95.9M | 12.7M | 33.6M | 12.5M | 42.5M | 25.5M | 29.7M | 37.9M | 21.1M | 124.4M | 26.4M | -164.1M | 2.2M | -108.7M | 8.5M | 85.4M | |
704.9M | 342.5M | 2.2B | -513.5M | 5B | 543.1M | 495M | -1.8M | 990.4M | 77.2M | 247M | -794.5M | 365.2M | 72M | -174.4M | -77.1M | -117.1M | -35.5M | -799.9M | -696.6M | |
-2.3B | -2.3B | -2.3B | -3.9B | -1.6B | -1.6B | -1.6B | -1.6B | -1.6B | -1.5B | -1.4B | -1.2B | -1.1B | -959.2M | -846.2M | -754.8M | -651.6M | -755.3M | -619.8M | -533.9M | |
(0.0) | -200M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -478.3M | (0.0) | -186.5M | (0.0) | (0.0) | |
-41.6M | -26.8M | -33.8M | -49.4M | -18M | -13.3M | -49.7M | -17.6M | -33.4M | -19.5M | -26.9M | -18.6M | -12.7M | -27.3M | -132.7M | -124.9M | -154.3M | -17.7M | 0.0 | 470.6M | |
-1.6B | -2.1B | -112.9M | -4.2B | 3.5B | -1.1B | -1.1B | -1.6B | -992.2M | -1.1B | -1.4B | -1.2B | -16.2M | -1.1B | -1.4B | -1.1B | -938.4M | -984.1M | -1.1B | -228.1M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
0.0 | 0.0 | 0.0 | 0.0 | 505K | -426K | -13K | -171K | -126K | -381K | -318K | 196K | 144K | 342K | -795K | -1.4M | 41K | 2.3M | 5.5M | 2.3M | |
-129.3M | 47M | -404.8M | 43.9M | 478.7M | -151M | 49.5M | -72M | 243.5M | 97M | -99.5M | 168.5M | 1.9M | -121.8M | -317.2M | -307.5M | 83.1M | 435.3M | -290.2M | 53.7M | |
447.4M | 400.4M | 805.2M | 761.3M | 282.6M | 433.6M | 384M | 456.1M | 212.6M | 115.6M | 215M | 19.2M | 17.2M | 139M | 456.3M | 763.8M | 680.7M | 245.4M | 535.7M | 482M | |
318.1M | 447.4M | 400.4M | 805.2M | 761.3M | 282.6M | 433.6M | 384M | 456.1M | 212.6M | 115.6M | 187.7M | 19.2M | 17.2M | 139M | 456.3M | 763.8M | 680.7M | 245.4M | 535.7M | |
2.9B | 2.7B | 2.8B | 2.7B | 2.3B | 1.9B | 1.9B | 1.9B | 1.9B | 1.6B | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B | 999M | 1.1B | 1B | 763.4M | 477.5M |
SEC Filings
PSA - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 01, 2026 | June 01, 2026 | 2026 | |
S-4 S-4 N/A | May 11, 2026 | May 11, 2026 | ||
8-K 8-K 2026 N/A | May 11, 2026 | May 06, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 27, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 06, 2026 | April 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 02, 2026 | April 01, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 27, 2026 | May 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 17, 2026 | March 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 16, 2026 | March 16, 2026 | 2026 |
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