Public Storage revenue and financials
$286.72Change from previous close: +1.80%Absolute change: +$5.06
In the fiscal year ended December 2025, Public Storage reported revenue of $4.82B (+2.74% year over year). Net income was $1.78B, a net margin of 37.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +2.74%
- 2025 vs 2024
- Net income growth
- −13.88%
- 2025 vs 2024
- Net margin
- 37.0%
- 2024: 44.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,186 | 3,128 | 3,247 | 3,117 | 2,544 | 2,043 | 2,068 | 2,064 | 1,973 | 1,945 |
| Depreciation and amortization | 1,152 | 1,130 | 970 | 888 | 713 | 553 | 513 | 484 | 455 | 433 |
| Capital expenditure | -289 | -420 | -461 | -460 | — | — | — | — | — | — |
| Investing cash flow | -1,685 | -1,003 | -3,539 | 1,120 | -5,564 | — | — | — | — | — |
| Financing cash flow | -1,631 | -2,079 | -113 | -4,193 | — | — | — | — | — | — |
| Dividends paid | -2,303 | -2,302 | -2,305 | -3,908 | -1,589 | — | — | — | — | — |
| Share repurchases | 0.0 | -200 | 0.0 | 0.0 | -13.1 | — | — | — | — | — |
| Debt issued | 1,356 | 1,151 | 2,181 | 0.0 | — | — | — | — | — | — |
| Debt repaid | -652 | -809 | -8.3 | -513 | — | — | — | — | — | — |
| Effect of exchange rates | — | — | 0.0 | 0.0 | 0.5 | — | — | — | — | — |
| Net change in cash | -129 | 47.0 | -405 | 43.9 | 479 | — | — | — | — | — |
| Free cash flow | 2,897 | 2,708 | 2,786 | 2,657 | — | — | — | — | — | — |
| Levered free cash flow | 2,311 | 2,405 | 2,673 | 2,323 | 1,831 | — | — | — | — | — |