PSAPR.PFD (Public Storage) Debt-to-Equity : 0.99 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Public Storage Debt-to-Equity?

Public Storage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Public Storage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $9,473.78 Mil. Public Storage's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $9,610.06 Mil. Public Storage's debt to equity for the quarter that ended in Sep. 2024 was 0.99.

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:

PSApR.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.99
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Public Storage was 0.99. The lowest was 0.01. And the median was 0.22.

PSApR.PFD's Debt-to-Equity is ranked worse than
66.95% of 714 companies
in the REITs industry
Industry Median: 0.78 vs PSApR.PFD: 0.99

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

Get a 7-Day Free Trial

0.21

0.30

0.80

0.68

0.91

Public Storage Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.89	0.91	0.91	0.97	0.99

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 Sep. 2024 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	+	9473.778)	/	9610.063
	=	0.99

Public Storage (NYSE:PSApR.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 Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PSApS.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 PSApG.PFD:USA PSApF.PFD:USA PSA:USA PSA:Mexico 0KS3:UK 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 us with more than 3,000 self-storage facilities in 40 states and approximately 219 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.