Public Storage (Public Storage) Debt-to-EBITDA : 2.81 (As of Dec. 2023)

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What is Public Storage Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

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 annualized EBITDA for the quarter that ended in Dec. 2023 was $3,235.38 Mil. Public Storage's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.81.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

PSAPRPCL.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.04 Med: 0.83 Max: 2.72
Current: 2.72

During the past 13 years, the highest Debt-to-EBITDA Ratio of Public Storage was 2.72. The lowest was 0.04. And the median was 0.83.

PSAPRPCL.PFD's Debt-to-EBITDA is ranked better than
86.11% of 511 companies
in the REITs industry
Industry Median: 7.15 vs PSAPRPCL.PFD: 2.72

Public Storage Debt-to-EBITDA Historical Data

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

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.91

1.29

2.69

1.27

2.72

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-EBITDA	Get a 7-Day Free Trial															2.48	2.22	2.05	2.47	2.81

Competitive Comparison of Public Storage's Debt-to-EBITDA

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

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

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

Public Storage Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	9103.277)	/	3342.129
	=	2.72

Public Storage's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	9103.277)	/	3235.38
	=	2.81

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Public Storage (NYSE:PSAPRPCL.PFD) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Public Storage Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Public Storage's Debt-to-EBITDA 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:PSAPRPCL.PFD) » Definitions » Debt-to-EBITDA

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 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.