Public Storage (Public Storage) Scaled Net Operating Assets : 0.95 (As of Dec. 2023)

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What is Public Storage Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Public Storage's operating assets for the quarter that ended in Dec. 2023 was $19,439.21 Mil. Public Storage's operating liabilities for the quarter that ended in Dec. 2023 was $598.99 Mil. Public Storage's Total Assets for the quarter that ended in Sep. 2023 was $19,875.75 Mil. Therefore, Public Storage's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.95.

Public Storage Scaled Net Operating Assets Historical Data

The historical data trend for Public Storage's Scaled Net Operating Assets 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.

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Public Storage Scaled Net Operating Assets Chart

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.97

0.96

1.37

0.94

1.07

Public Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.93	0.93	0.94	1.06	0.95

Competitive Comparison of Public Storage's Scaled Net Operating Assets

For the REIT - Industrial subindustry, Public Storage's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Public Storage's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Public Storage's Scaled Net Operating Assets falls into.

Public Storage Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Public Storage's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(19439.214	-	598.993)	/	17552.307
=	1.07

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	19809.216	-	370.002
=	19439.214

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9702.27	-	9103.277	-	0
=	598.993

Public Storage's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(19439.214	-	598.993)	/	19875.749
=	0.95

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	19809.216	-	370.002
=	19439.214

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9702.27	-	9103.277	-	0
=	598.993

Public Storage Scaled Net Operating Assets Related Terms

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Public Storage (Public Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSAPRTCL.PFD) » Definitions » Scaled Net Operating Assets

Comparable Companies

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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 PSA:USA 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.