Public Storage Cash Flow Statement
NYSE: PSAReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Public Storage free cash flow
In fiscal 2025, Public Storage generated $3.19 billion of operating cash flow and spent $310.7 million on capital expenditures. That left free cash flow of $2.88 billion, a free-cash-flow margin of 59.6% of revenue. Free cash flow was up 2.7% from the prior year's $2.80 billion.
Summary generated from market data by MetaCap's automated system. Methodology
Public Storage cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.80B | 2.08B | 2.16B | 4.37B | 1.96B | 1.36B | 1.53B | 1.72B | 1.45B | 1.46B |
| Net Income growth (YoY) | -13.79% | -3.50% | -50.53% | +122.81% | +43.96% | -10.78% | -11.16% | +18.55% | -0.82% | +10.83% |
| Depreciation & Amortization | 1.15B | 1.13B | 970.06M | 888.15M | 713.43M | 553.26M | 512.92M | 483.65M | 454.53M | 433.31M |
| Stock-Based Compensation | 39.90M | 44.75M | 41.57M | 56.70M | 59.81M | 33.36M | 25.83M | 69.94M | 37.55M | 37.48M |
| Change in Working Capital | -24.64M | -44.97M | -16.36M | -29.64M | -44.13M | — | — | — | — | — |
| Operating Cash Flow | 3.19B | 3.13B | 3.25B | 3.12B | 2.54B | 2.04B | 2.07B | 2.06B | 1.97B | 1.95B |
| Capital Expenditures | -310.74M | -326.85M | -364.44M | -313.51M | -281.98M | — | -187.30M | -141.00M | -120.60M | -81.44M |
| Investing Cash Flow | -1.69B | -1.00B | -3.54B | 1.12B | -5.56B | -1.12B | -897.35M | -515.92M | -737.06M | -699.11M |
| Share Repurchases | 0 | -200.00M | 0 | 0 | — | — | — | — | — | — |
| Debt Issued | 1.36B | 1.15B | 2.18B | 0 | 5.04B | 545.15M | 496.90M | — | 992.08M | 113.62M |
| Financing Cash Flow | -1.63B | -2.08B | -112.93M | -4.19B | 3.50B | -1.08B | -1.12B | -1.62B | -992.22M | -1.15B |
| Net Change in Cash | -129.32M | 47.04M | -404.78M | 43.87M | 478.69M | -150.95M | 49.53M | -72.03M | 243.48M | 97.02M |
| Free Cash Flow | 2.88B | 2.80B | 2.88B | 2.80B | 2.26B | 2.04B | 1.88B | 1.92B | 1.85B | 1.86B |
This table shows 10 annual periods of Public Storage's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow PSA's reporting calendar. What is a cash flow statement?