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Public Storage stock: growth
PSAPublic Storage reported $4.82B in revenue for fiscal 2025, up 2.7% on the prior year, up 10.6% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
6.8%
per year from 2006 to 2025, per share 5.7%
Earnings (Annual rate)
9.6%
per year from 2006 to 2025, per share 19%
Free cash flow (Annual rate)
10%
per year from 2006 to 2025, per share 8.8%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 10.6% | 7.3% | 6.8% |
| Revenue per share | 10.5% | 7.1% | 5.7% |
| Earnings | 5.6% | 3.1% | 9.6% |
| Earnings per share | 7.5% | 4.0% | 19.0% |
| Free cash flow | 9.1% | 7.1% | 10.0% |
| Free cash flow per share | 9.0% | 7.0% | 8.8% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $1.38B | $314.03M | $477.47M |
| 2007 | $1.81B | $457.54M | $763.4M |
| 2008 | $1.72B | $935.18M | $1B |
| 2009 | $1.62B | $834.62M | $1.05B |
| 2010 | $1.61B | $672.04M | $998.96M |
| 2011 | $1.74B | $823.84M | $1.11B |
| 2012 | $1.84B | $939.26M | $1.21B |
| 2013 | $1.96B | $1.05B | $1.27B |
| 2014 | $2.18B | $1.14B | $1.38B |
| 2015 | $2.38B | $1.31B | $1.45B |
| 2016 | $2.56B | $1.45B | $1.59B |
| 2017 | $2.67B | $1.44B | $1.85B |
| 2018 | $2.76B | $1.71B | $1.92B |
| 2019 | $2.86B | $1.52B | $1.88B |
| 2020 | $2.92B | $1.36B | $1.87B |
| 2021 | $3.42B | $1.95B | $2.27B |
| 2022 | $4.18B | $4.35B | $2.66B |
| 2023 | $4.52B | $2.15B | $2.79B |
| 2024 | $4.7B | $2.07B | $2.71B |
| 2025 | $4.82B | $1.78B | $2.9B |
Revenue by segment
How Public Storage makes its money and how that has shifted. Names are as the company reports them.
- Self Storage Operations93%
- Ancillary Operations7%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Self Storage Operations | $2.41B | $2.51B | $2.6B | $2.68B | $2.72B | $3.2B | $3.95B | $4.26B | $4.4B | $4.49B | 93.1% |
| Ancillary Operations | $154.72M | $156.1M | $156.67M | $162.27M | $193.44M | $212.26M | $236.14M | $258.08M | $299.62M | $334.7M | 6.9% |
| Total revenue | $2.56B | $2.67B | $2.76B | $2.86B | $2.92B | $3.42B | $4.18B | $4.52B | $4.7B | $4.82B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 12 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.