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Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2025, we: (i) owned and/or operated 3,533 self-storage facilities located in 40 states with approximately 258 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 332 self-storage facilities located in seven Western European countries with approximately 18 million net rentable square feet operated under the Shurgard brand. Our headquarters are in Frisco, Texas. Public Storage was incorporated in 1972 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.8B | $3.2B | $1.8B | $2.9B | 36.4% | 2.7% | -13.9% |
| 2024 | $4.7B | $3.5B | $2.1B | $2.7B | 38.6% | 3.9% | -3.6% |
| 2023 | $4.5B | $3.3B | $2.1B | $2.8B | 37.9% | 8.0% | -50.6% |
| 2022 | $4.2B | $5.4B | $4.3B | $2.7B | 76.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 4,824.11 |
| Operating Revenue | 4,824.11 |
| Cost Of Revenue | 1,309.97 |
| Gross Profit | 3,514.14 |
| Operating Expense | 1,253.65 |
| Research And Development | - |
| Selling General And Administration | 101.81 |
| Total Expenses | 2,563.62 |
| Operating Income | 2,260.49 |
| EBITDA | 3,246.14 |
| Normalized EBITDA | 3,481.18 |
| EBIT | 2,094.30 |
| Interest Income | 36.62 |
| Interest Expense | 304.50 |
| Net Interest Income | -267.88 |
| Other Non Operating Income Expenses | 22.62 |
| Other Income Expense | -202.81 |
| Interest Income Non Operating | 36.62 |
| Interest Expense Non Operating | 304.50 |
| Net Non Operating Interest Income Expense | -267.88 |
| Pretax Income | 1,789.80 |
| Tax Provision | -7.23 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -49.36 |
| Net Income Continuous Operations | 1,797.03 |
| Net Income From Continuing And Discontinued Operation | 1,784.35 |
| Net Income From Continuing Operation Net Minority Interest | 1,784.35 |
| Net Income | 1,784.35 |
| Net Income Common Stockholders | 1,585.58 |
| Net Income Including Noncontrolling Interests | 1,797.03 |
| Normalized Income | 1,970.03 |
| Diluted NI Availto Com Stockholders | 1,585.58 |
| Basic Average Shares | 175.45 |
| Diluted Average Shares | 175.90 |
| Reconciled Depreciation | 1,151.84 |
| Reconciled Cost Of Revenue | 1,309.97 |
| Total Unusual Items | -235.04 |
| Total Unusual Items Excluding Goodwill | -235.04 |
| Preferred Stock Dividends | 194.70 |
| Minority Interests | -12.68 |
| Special Income Charges | -24.42 |
| Gain On Sale Of Business | - |
| Restructuring And Mergern Acquisition | 24.42 |
| Gain On Sale Of Security | -210.61 |
| Depreciation Amortization Depletion Income Statement | 1,151.84 |
| Depreciation And Amortization In Income Statement | 1,151.84 |
| General And Administrative Expense | 101.81 |
| Other Gand A | 76.84 |
| Salaries And Wages | 24.96 |
| Gain On Sale Of Ppe | - |
| Otherunder Preferred Stock Dividend | 4.06 |
| Earnings From Equity Interest | 9.60 |
| Other Taxes | - |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Public Storagethis co. | PSA | $53.8B | 30.17↓ discount | 10.99 | 36.4% | 19.64 |
| Simon Property Group, Inc. | SPG | $78.4B | 16.93 | 15.16 | 89.5% | 13.46 |
| Digital Realty Trust, Inc. | DLR | $67.5B | 51.58 | 3.04 | 5.9% | 22.76 |
| Realty Income Corporation | O | $55.7B | 52.63 | 1.41 | 2.7% | 17.68 |
| Crown Castle Inc. | CCI | $40.9B |
| - |
| - |
| - |
| - |
| 92.20 |
| -25.04 |
| -27.2% |
| 25.60 |
| Iron Mountain Incorporated | IRM | $38.8B | 268.02 | -39.50 | -14.7% | 27.26 |
| Ventas, Inc. | VTR | $38.5B | 152.98 | 3.07 | 2.0% | 22.43 |
| CBRE Group, Inc. | CBRE | $38.3B | 33.14 | 4.32 | 13.0% | 22.97 |
| Extra Space Storage Inc. | EXR | $32.2B | 33.05 | 2.40 | 7.3% | 19.07 |
| Peer Median | - | 52.11 | 2.72 | 4.3% | 22.59 | |