Income StatementBalance SheetCash FlowSegments
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Public Storage Cash Flow Statement

Operating, investing, and financing cash movements

Public Storage generated $3.2B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.2BNet Cash From Investing (TTM)-$1.5BNet Cash From Financing (TTM)-$1.8BDepreciation And Amortization Cf (TTM)$1.2BNet Change In Cash (TTM)-$61.4M
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$54.6B
P/E Ratio28.72
ROE20.25%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from minority shareholders$953.0K$1.2M$1.5M$1.0M$863.0K$856.0K
Distributions to noncontrolling interests$3.7M$4.5M$4.5M$13.7M$5.1M$4.4M
Acquisition Of Nonredeemable Noncontrolling Interests In Subsidiaries—$103.0K$9.0M$0.0$803.0K$7.5M
Proceeds from exercises of stock options and other stock issuances$16.4M$3.2M$4.6M$1.7M$0.0$7.8M
Proceeds from OP Options issued—$0.0———$30.0M
Repayments Of Notes Payable$32.0K$33.0K$32.0K$400.0M$251.4M$500.0M
Proceeds from revolving credit facility—$0.0———$325.0M
Net cash from financing activities-$508.6M-$578.8M$283.0M-$987.3M-$347.6M-$731.0M
Taxes paid for net share settlement$6.4M$2.7M$372.0K$433.0K$5.2M$2.6M
Payments of consent fees related to long-term debt—$0.0———$4.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other working capital changes$3.4M$2.7M$3.6M-$4.3M$2.9M$215.0K
Depreciation and amortization$280.9M$282.7M$283.2M$290.4M$295.5M$290.7M
Net cash from operating activities$768.6M$705.1M$872.7M$875.1M$733.6M$694.8M
Net income$618.4M$410.8M$361.4M$514.8M$510.1M$529.4M
Amortization expense related to capitalized debt issuance costs$2.4M$2.5M———$2.7M
Distributions of earnings from equity method investees$375.0K$432.0K$304.0K$1.1M$0.0$498.0K
Unrealized Gain (Loss), Foreign Currency Transaction, after Tax$122.7M-$68.7M-$147.1M$1.1M—$41.9M
Gains Losses On Sales Of Investment Real Estate$109.0K$45.0K$163.0K$502.0K$403.0K$379.0K
Impairment Of Real Estate$0.0$3.8M———$0.0
Equity in earnings (losses) of equity method investees$4.4M$3.6M-$2.2M$3.7M$4.5M$6.8M
Accrued liabilities—-$79.4M$95.9M$50.9M—-$117.4M
Increase (Decrease) in Other Operating Assets$0.0-$8.7M$31.5M-$10.4M$12.3M-$20.7M
Gain (loss) on mark-to-market of Escrowed Shares—$0.0———-$5.3M
Stock-based compensation$12.6M$10.3M$10.6M$9.5M$9.5M$11.9M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$58.8M$82.5M$57.2M$80.8M$52.5M$92.3M
Cash received for sale of solar tax credits$0.0$4.0M$4.0M$4.0M$4.0M—
Financed construction projects$4.1M$42.1M$3.6M-$22.3M—$30.3M
Income Taxes Paid, Net$300.0K-$230.0K$6.1M-$52.0K$492.0K$357.0K

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures For Energy Efficiencies$17.8M$13.0M$16.0M$20.9M$20.9M$15.7M
Capital Expenditures For Property Enhancements$20.6M$0.0$0.0$0.0$0.0$9.8M
Capital Expenditures To Maintain Real Estate Facilities$64.8M$45.0M$39.3M$55.0M$79.2M$44.0M
Payments to Acquire Equity Method Investments$0.0$0.0$0.0$0.0$0.0—
Payments To Acquire Non-Operating Real Estate Assets$0.0$4.1M$4.1M$4.1M$4.1M—
Payments to notes receivables$10.0M$23.6M$44.2M$15.0M$48.4M$0.0
Payments To Acquire Real Estate$221.2M$141.0M$162.3M$511.3M$131.0M$20.8M
Payments To Develop Real Estate Assets$79.7M$66.5M$76.7M$94.9M$72.7M$57.7M
Proceeds From Real Estate And Real Estate Joint Ventures$2.4M$2.6M$250.0K$1.1M$4.2M$674.0K
Net cash from investing activities-$411.6M-$286.5M-$338.3M-$696.0M-$364.3M-$147.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—-$160.2M$817.4M-$808.1M—-$183.5M
Capital Expenditures For Energy Efficiencies Remaining At Period End—-$1.4M-$1.9M$3.8M$360.0K$464.0K
Capital Expenditures For Property Enhancements Remaining Unpaid At Period End—$0.0$0.0$0.0$0.0$177.0K
Capital Expenditures To Maintain Real Estate Facilities Remaining Unpaid At Period End—-$7.6M-$2.1M$17.1M$1.4M$9.5M