Public Storage (Public Storage) Debt-to-Equity : 0.91 (As of Dec. 2023)

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What is Public Storage Debt-to-Equity?

Public Storage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Public Storage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,103.28 Mil. Public Storage's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10,013.18 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:

PSApE.PFD' 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.

PSApE.PFD's Debt-to-Equity is ranked worse than
60.33% of 673 companies
in the REITs industry
Industry Median: 0.78 vs PSApE.PFD: 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 Debt-to-Equity Chart

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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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 of Public Storage's Debt-to-Equity

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's Debt-to-Equity Distribution in the REITs Industry

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:PSApE.PFD) 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:PSApE.PFD) » 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 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.