Public Storage Balance Sheet Health
Financial Health criteria checks 2/6
Public Storage has a total shareholder equity of $9.7B and total debt of $9.5B, which brings its debt-to-equity ratio to 97.6%. Its total assets and total liabilities are $19.8B and $10.1B respectively. Public Storage's EBIT is $2.2B making its interest coverage ratio 9.3. It has cash and short-term investments of $599.0M.
Key information
97.6%
Debt to equity ratio
US$9.47b
Debt
| Interest coverage ratio | 9.3x |
| Cash | US$599.00m |
| Equity | US$9.71b |
| Total liabilities | US$10.09b |
| Total assets | US$19.80b |
Recent financial health updates
No updates
Recent updates
Public Storage: A Great Business, With Nowhere To Grow
Nov 28Public Storage: Wonderful REIT At A Fair Price
Nov 21Public Storage: Still Great, But Still Not Worth The Purchase
Sep 034%-Yielding Public Storage - One Of The Best REITs On The Market
Jul 11Public Storage: Strong FFO Growth, Low Pay-Out Ratio And A 4.4% Yield
May 29A Public Service Announcement On Public Storage - It's A 'Buy'
May 05REIT Public Storage Has Been And May Continue To Be A Terrible Investment
Apr 22Public Storage: Great Entry Point For Long-Term Investors
Mar 264.3%-Yielding Public Storage: A Steady Eddie You May Need In Your Portfolio
Mar 18Public Storage: The Self-Storage Glut Is Coming In 2024
Feb 19Public Storage: Store Away And Lock Up Your Shares For The Long Term
Feb 12Public Storage: Remains Attractive With A 4% Dividend Yield
Jan 05Public Storage: 4.5% Yield, A-Rated Debt, And Strong Annual Total Return Potential
Dec 05Financial Position Analysis
Short Term Liabilities: PSA's short term assets ($599.0M) do not cover its short term liabilities ($619.4M).
Long Term Liabilities: PSA's short term assets ($599.0M) do not cover its long term liabilities ($9.5B).
Debt to Equity History and Analysis
Debt Level: PSA's net debt to equity ratio (91.4%) is considered high.
Reducing Debt: PSA's debt to equity ratio has increased from 20.8% to 97.6% over the past 5 years.
Debt Coverage: PSA's debt is well covered by operating cash flow (33.3%).
Interest Coverage: PSA's interest payments on its debt are well covered by EBIT (9.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 06:13 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Public Storage is covered by 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Richard Milligan | Baird |
| Ross Smotrich | Barclays |