Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Public Storage

PSA · NYSE · Real estate

Fundamental quality

DEMANDING

44

out of 100

Breakdown by area

I.GrowthEPS growth: -23.9% · Revenue growth: 4.7%
9
II.ProfitabilityNet margin: 39.2% · ROE: 20.6%
83
III.Financial healthNet debt/EBITDA: 3.69x
40

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Strengths

  • High net margin (39.2%), a sign of a very profitable business.
  • Strong return on equity (ROE of 20.6%).

Risks and weaknesses

  • Declining earnings per share (-23.9% annualized).
  • High leverage (net debt of 3.69× EBITDA).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$3,416M$1,953M$6,741M
2022$4,182M$4,349M$6,096M
2023$4,518M$2,148M$8,733M
2024$4,696M$2,072M$8,906M
2025$4,824M$1,784M$9,936M

Between 2021 and 2025, revenue went from $3,416M to $4,824M (+41%) and net income went from $1,953M to $1,784M (-9%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Public Storage a profitable company?

Yes. Public Storage shows a net margin of 39.2% and an ROE of 20.6%, a sign of a profitable business.

Does Public Storage have a lot of debt?

Yes, its leverage is high: net debt is 3.69 times its EBITDA.

Is Public Storage growing?

Its revenue has grown 4.7% annualized in recent years.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Public Storage cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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