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Public Storage (Public Storage) Effective Interest Rate on Debt % : 3.03% (As of Dec. 2023)


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What is Public Storage Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Public Storage's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $274 Mil. Public Storage's average total debt for the quarter that ended in Dec. 2023 was $9,066 Mil. Therefore, Public Storage's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.03%.


Public Storage Effective Interest Rate on Debt % Historical Data

The historical data trend for Public Storage's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Public Storage Effective Interest Rate on Debt % Chart

Public Storage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 2.53 1.81 1.90 2.52

Public Storage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.12 2.10 2.21 2.93 3.03

Competitive Comparison of Public Storage's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Public Storage's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Public Storage's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Public Storage's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Public Storage's Effective Interest Rate on Debt % falls into.



Public Storage Effective Interest Rate on Debt % Calculation

Public Storage's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -201.132/( (6870.826+9103.277)/ 2 )
=-1  *  -201.132/7987.0515
=2.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6870.826 + 0
=6870.826

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9103.277 + 0
=9103.277

Public Storage's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -274.408/( (9029.622+9103.277)/ 2 )
=-1  *  -274.408/9066.4495
=3.03 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9029.622 + 0
=9029.622

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9103.277 + 0
=9103.277

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Public Storage  (NYSE:PSA) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Public Storage Effective Interest Rate on Debt % Related Terms

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Public Storage (Public Storage) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSA) » Definitions » Effective Interest Rate on Debt %
Address
701 Western Avenue, Glendale, CA, USA, 91201-2349
Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.
Executives
Nathaniel A. Vitan officer: Chief Legal Officer 701 WESTERN AVENUE, GLENDALE CA 91201-2349
John Reyes director 701 WESTERN AVENUE, GLENDALE CA 91201
Havner Ronald L Jr director 701 WESTERN AVENUE, GLENDALE CA 91201
Avedick Baruyr Poladian director 701 WESTERN AVENUE, GLENDALE CA 91201
David Lee officer: Chief Operating Officer C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Russell Joseph D Jr officer: President & CEO PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Tamara Hughes Gustavson director, 10 percent owner 701 WESTERN AVENUE, GLENDALE CA 91201-2349
Heisz Leslie Stone director C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Ronald P Spogli director 701 WESTERN AVENUE, GLENDALE CA 91201
Kristy Pipes director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Shroff Michelle Millstone director C/O PARTY CITY HOLDCO INC., 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Rebecca L Owen director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Paul S Williams director C/O MAJOR, LINDSEY & AFRICA, 1 SOUTH WACKER DRIVE, SUITE 1750, CHICAGO IL 60606
Tariq M Shaukat director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
David J Neithercut director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606