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Public Storage PSA Debt-to-equity

Debt-to-equity at other companies

Extra Space Storage logo
Extra Space StorageEXR
0.1×0.0×
Realty Income logo
Realty IncomeO
0.0×
Prologis logo
PrologisPLD
0.7×+0.1×
AvalonBay Communities logo
AvalonBay CommunitiesAVB
0.9×+0.2×
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
1.1×+0.1×
Northern Trust logo
Northern TrustNTRS
0.0×

Other financials

Income statement

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Revenue$1.2B+2.9%
Operating income$474.3M+2.2%
Net income$526.3M+29.0%
EPS (diluted)$2.71+32.8%

Balance sheet

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Cash & equivalents$134.6M-53.1%
Total equity$9.2B-3.6%
Total assets$19.9B+1.2%

Cash flow

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Operating cash flow$694.8M-1.5%

Valuation

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Market cap$54.88B-9.4%
P/E28.8×-1.9×
P/S11.3×-1.5×

Profitability

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Gross margin72%
Operating margin51.6%
Net margin39.2%-2.6pp

Returns & leverage

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Return on equity20.3%+0.1pp

Where this comes from

Calculated from Public Storage’s reported figures.

Based on the most recent quarter.

The official record: Public Storage’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Public Storage's debt-to-equity?
Public Storage (PSA) reported debt-to-equity of 1.1× in Q4 2025.
How has Public Storage's debt-to-equity changed year-over-year?
Public Storage's debt-to-equity increased by 15.1% year-over-year, from 1× to 1.1×.
What is the long-term trend for Public Storage's debt-to-equity?
Over 4 years (2021 to 2025), Public Storage's debt-to-equity has grown at a 16.1% compound annual growth rate (CAGR), from 2.4× to 4.3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.