Public Storage (Public Storage) Debt-to-Equity

: 0.91 (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

Public Storage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Public Storage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,103 Mil. Public Storage's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10,013 Mil. Public Storage's debt to equity for the quarter that ended in Dec. 2023 was 0.91.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Public Storage's Debt-to-Equity or its related term are showing as below:

PSA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.19 Max: 0.91
Current: 0.91

During the past 13 years, the highest Debt-to-Equity Ratio of Public Storage was 0.91. The lowest was 0.01. And the median was 0.19.

PSA's Debt-to-Equity is ranked worse than
60.18% of 673 companies
in the REITs industry
Industry Median: 0.78 vs PSA: 0.91

Public Storage Debt-to-Equity Historical Data

The historical data trend for Public Storage's Debt-to-Equity 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

Debt-to-Equity

Get a 7-Day Free Trial

0.21

0.30

0.80

0.68

0.91

Public Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.68	0.69	0.69	0.89	0.91

Competitive Comparison

For the REIT - Industrial subindustry, Public Storage's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, Public Storage's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Public Storage's Debt-to-Equity falls into.

Public Storage Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Public Storage's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	9103.277)	/	10013.178
	=	0.91

Public Storage's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	9103.277)	/	10013.178
	=	0.91

Public Storage (NYSE:PSA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Public Storage Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Public Storage's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Public Storage (Public Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PSApS.PFD:USA PSApR.PFD:USA PSApQ.PFD:USA PSApP.PFD:USA PSApO.PFD:USA PSApN.PFD:USA PSApM.PFD:USA PSApL.PFD:USA PSApK.PFD:USA PSApJ.PFD:USA PSApI.PFD:USA PSApH.PFD:USA PSA.pG.PFD:USA PSApF.PFD:USA PUP:Germany PUP:Germany P1SA34:Brazil

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