Public Storage (Public Storage) Interest Expense

: $-201 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Public Storage's interest expense for the three months ended in Dec. 2023 was $ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-201 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Public Storage's Operating Income for the three months ended in Dec. 2023 was $ 580 Mil. Public Storage's Interest Expense for the three months ended in Dec. 2023 was $ -69 Mil. Public Storage's Interest Coverage for the quarter that ended in Dec. 2023 was 8.46. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Public Storage Interest Expense Historical Data

The historical data trend for Public Storage's Interest Expense 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-45.64

-56.28

-90.77

-136.32

-201.13

Public Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-36.14	-36.10	-38.08	-58.35	-68.60

Public Storage Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-201 Mil.

Public Storage (NYSE:PSA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Public Storage's Interest Expense for the three months ended in Dec. 2023 was $-69 Mil. Its Operating Income for the three months ended in Dec. 2023 was $580 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $9,103 Mil.

Public Storage's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	580.483	/	-68.602
	=	8.46

The higher the ratio, the stronger the company's financial strength is.

Public Storage (Public Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSA) » Definitions » Interest Expense

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Address

701 Western Avenue, Glendale, CA, USA, 91201-2349

Website

https://www.publicstorage.com

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