PSAPO.PFD (Public Storage) Interest Expense : $-283.87 Mil (TTM As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Public Storage Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Public Storage's interest expense for the three months ended in Sep. 2024 was $ -74.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-283.87 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Public Storage's Operating Income for the three months ended in Sep. 2024 was $ 559.51 Mil. Public Storage's Interest Expense for the three months ended in Sep. 2024 was $ -74.25 Mil. Public Storage's Interest Coverage for the quarter that ended in Sep. 2024 was 7.54. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Public Storage Interest Expense Historical Data

The historical data trend for Public Storage's Interest Expense 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 Interest Expense Chart

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-45.64

-56.28

-90.77

-136.32

-201.13

Public Storage Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-58.35	-68.60	-67.78	-73.24	-74.25

Public Storage Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-283.87 Mil.

Public Storage (NYSE:PSApO.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Public Storage's Interest Expense for the three months ended in Sep. 2024 was $-74.25 Mil. Its Operating Income for the three months ended in Sep. 2024 was $559.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $9,473.78 Mil.

Public Storage's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	559.514	/	-74.252
	=	7.54

The higher the ratio, the stronger the company's financial strength is.

Public Storage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSApO.PFD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PSApS.PFD:USA PSApR.PFD:USA PSApQ.PFD:USA PSApP.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.