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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)-$2.1BDepreciation And Amortization Cf (TTM)$1.2BNet Change In Cash (TTM)-$61.4M
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$57.0B
P/E Ratio29.96
ROE20.25%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other working capital changes$949K$238K$6.1M—$2.9M$215K
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$2.5M$2.5M——$2.8M$2.7M
Distributions of earnings from equity method investees$375K$432K$304K$1.1M$0$498K
Unrealized Gain (Loss), Foreign Currency Transaction, after Tax$122.7M-$68.7M-$147.1M——$41.9M
Impairment Of Real Estate$0$3.8M——$402K$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—-$8.7M$31.5M—$12.3M-$20.7M
Gain (loss) on mark-to-market of Escrowed Shares—$0———-$5.3M
Stock-based compensation$12.6M$10.3M$10.6M$9.5M$9.5M$11.9M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contributions from noncontrolling interests$953K$1.2M$1.5M$1M$863K$856K
Distributions to noncontrolling interests$3.7M$4.5M$4.5M$13.7M$5.1M$4.4M
Acquisition Of Nonredeemable Noncontrolling Interests In Subsidiaries$405K$103K$9M$0$803K$7.5M
Proceeds from exercises of stock options and other stock issuances$16.4M$3.2M$4.6M$1.7M$0$7.8M
Proceeds from OP Options issued—$0———$30M
Repayments Of Notes Payable$32K$33K$32K$400M$251.4M$500M
Net cash from financing activities-$508.6M-$578.8M—-$987.3M-$347.6M-$731M
Payment of debt issuance costs—$0———$4M
Taxes paid for net share settlement$6.4M$2.7M$372K$433K$5.2M$2.6M

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$4M$4M$4M$4M—
Financed construction projects$4.1M$42.1M$3.6M——$30.3M
Income Taxes Paid, Net$300K$230K$5.7M$0$492K$357K

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures For Energy Efficiencies$17.8M$14.3M$14.8M$20.9M$20.9M$15.7M
Capital Expenditures For Property Enhancements$20.6M$7.8M-$7.8M$0$0$9.8M
Capital Expenditures To Maintain Real Estate Facilities$64.8M$36M$48.3M$55M$79.2M$44M
Payments to Acquire Equity Method Investments$0$0$0$0$0—
Payments To Acquire Non-Operating Real Estate Assets$0$4.1M$4.1M$4.1M$4.1M—
Payments to notes receivables$10M$23.6M$44.2M$15M$48.4M$0
Payments To Acquire Real Estate$221.2M$141M$162.3M$511.3M$131M$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$250K$1.1M$4.2M$674K
Net cash from investing activities-$411.6M-$286.5M-$338.3M-$696M-$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-$4.7M$3.8M$360K$464K
Capital Expenditures For Property Enhancements Remaining Unpaid At Period End—$66K-$66K$0$0$177K
Capital Expenditures To Maintain Real Estate Facilities Remaining Unpaid At Period End—$7.6M-$17.3M$17.1M$1.4M$9.5M
Payments Of Capital Distribution$575.7M$575.8M$575.8M$575.9M$575.8M$576.2M
Proceeds From Long Term Lines Of Credit—$0———$325M