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PSA FY 2025 request
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/api/financials?ticker=PSA&year=2025&quarter=4&full_year_mode=true
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| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 4,824,113 | 4,695,616 | +2.7% |
Show Product Lines breakouts |
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| Ancillary operations | 334,700 | 299,623 | +11.7% |
| Self-storage facilities | 4,489,413 | 4,395,993 | +2.1% |
Show Business Segments breakouts |
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| Ancillary operations · Operating Segments | 334,700 | 299,623 | +11.7% |
| Self-storage facilities · Operating Segments | 4,489,413 | 4,395,993 | +2.1% |
| Direct Costs Of Leased And Rented Property Or Equipment (FY) | — | — | — |
Show Product Lines breakouts |
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| Marketing · Self-storage facilities | 103,340 | 106,414 | -2.9% |
| On-site property manager payroll · Self-storage facilities | 162,942 | 167,258 | -2.6% |
| Other direct property costs · Self-storage facilities | 123,239 | 122,119 | +0.9% |
| Property taxes · Self-storage facilities | 480,793 | 451,992 | +6.4% |
| Public Utilities · Self-storage facilities | 65,517 | 63,611 | +3.0% |
| Repairs and maintenance · Self-storage facilities | 98,140 | 93,763 | +4.7% |
| Self-storage facilities | 1,177,038 | 1,136,720 | +3.5% |
Show Business Segments breakouts |
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| Self-storage facilities · Operating Segments | 1,177,038 | 1,136,720 | +3.5% |
| Other Cost Of Operating Revenue (FY) | — | — | — |
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| Ancillary operations | 132,937 | 121,281 | +9.6% |
Show Business Segments breakouts |
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| Ancillary operations · Operating Segments | 132,937 | 121,281 | +9.6% |
| Depreciation & Amortization | 1,151,840 | 1,129,766 | +2.0% |
Show Business Segments breakouts |
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| Self-storage facilities · Operating Segments | 1,151,840 | 1,129,766 | +2.0% |
| Real Estate Acquisition And Development Expense | 19,550 | 15,506 | +26.1% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 19,550 | 15,506 | +26.1% |
| General & Administrative | 106,682 | 106,677 | 0.0% |
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| Material Reconciling Items | 106,682 | 106,677 | 0.0% |
| Interest Expense | 304,495 | 287,401 | +5.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 304,495 | 287,401 | +5.9% |
| Total Costs & Expenses | 2,892,542 | 2,797,351 | +3.4% |
| Interest And Other Income | 63,099 | 67,212 | -6.1% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 63,099 | 67,212 | -6.1% |
| Income Loss From Equity Method Investments | 9,604 | 19,821 | -51.5% |
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| Material Reconciling Items | 9,604 | 19,821 | -51.5% |
| Foreign Currency Transaction Gain Loss Before Tax | -215,583 | 102,244 | -310.9% |
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| Material Reconciling Items | -215,583 | 102,244 | -310.9% |
Show Long-Term Debt Type breakouts |
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| Euro Denominated Unsecured Debt | -213.5 | 103 | -307.3% |
| Gains Losses On Sales Of Investment Real Estate | 1,113 | 1,537 | -27.6% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 1,113 | 1,537 | -27.6% |
| Income Before Taxes | 1,789,804 | 2,089,079 | -14.3% |
| Income Tax Expense (Benefit) | 7,228 | -4,669 | +254.8% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 7,228 | -4,669 | +254.8% |
| Net Income | 1,797,032 | 2,084,410 | -13.8% |
Show Business Segments breakouts |
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| Ancillary operations · Operating Segments | 2,362,298 | 2,307,849 | +2.4% |
| Self-storage facilities · Operating Segments | 2,160,535 | 2,129,507 | +1.5% |
Show Equity Components breakouts |
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| Accumulated Deficit Including Noncontrolling Interest | 1,797,032 | 2,084,410 | -13.8% |
| Accumulated Deficit, NCI Portion | -12,684 | -12,399 | -2.3% |
| Noncontrolling Interest | 12,684 | 12,399 | +2.3% |
| Parent Including Noncontrolling Interest | 1,797,032 | 2,084,410 | -13.8% |
| Parent, NCI Portion | -12,684 | -12,399 | -2.3% |
| Net Income Loss Attributable To Noncontrolling Interest | -12,684 | -12,399 | -2.3% |
| Net Income | 1,784,348 | 2,072,011 | -13.9% |
| Preferred Stock Dividends Income Statement Impact | -194,703 | -194,703 | 0.0% |
| Allocation Of Net Income To Restricted Share Units And Unvested L T I P Units | -4,060 | -4,623 | +12.2% |
| Net Income Loss Available To Common Stockholders Basic | 1,585,585 | 1,872,685 | -15.3% |
| EPS (Basic) | 9.04 | 10.68 | -15.4% |
| EPS (Diluted) | 9.01 | 10.64 | -15.3% |
| Wtd Avg Shares (Basic) | 175,447 | 175,351 | +0.1% |
| Wtd Avg Shares (Diluted) | 175,902 | 176,038 | -0.1% |
| Operating Income (FY) | — | — | — |
Show Business Segments breakouts |
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| Ancillary operations · Operating Segments | 201,763 | 178,342 | +13.1% |
| Self-storage facilities · Operating Segments | 3,312,375 | 3,259,273 | +1.6% |
| Comprehensive Income | 1,808,514 | 2,067,285 | -12.5% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 318,095 | 447,416 | -28.9% |
| Non-Current Assets | |||
| Total Assets | 20,208,604 | 19,754,934 | +2.3% |
| Goodwill | 165,843 | 165,843 | 0.0% |
| Intangible Assets | 66,946 | 97,520 | -31.4% |
| Other Assets | |||
| Investment Building And Building Improvements | 24,126,185 | 22,767,053 | +6.0% |
| Real Estate Investment Property At Cost | 30,078,257 | 28,478,738 | +5.6% |
| Real Estate Investment Property Accumulated Depreciation | -11,468,054 | -10,426,186 | -10.0% |
| Real Estate Investment Property Net | 18,804,558 | 18,360,653 | +2.4% |
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 388,586 | 382,490 | +1.6% |
| Intangible Assets Net Including Goodwill | 251,613 | 282,187 | -10.8% |
| Notes Receivable Net | 142,108 | 9,976 | +1324.5% |
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts |
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| Notes Receivable | 142.1 | 10 | +1321.0% |
| Other Assets | 303,644 | 272,212 | +11.5% |
| Non-Current Liabilities | |||
| Long-Term Debt | 10,253,881 | 9,353,034 | +9.6% |
Show Debt Instrument breakouts |
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| Notes due April 11, 2039 · Euro Denominated Unsecured Debt | 176,026 | 155,736 | +13.0% |
| Notes due April 16, 2027 · U.S. Dollar Denominated Unsecured Debt | 698,584 | 697,544 | +0.1% |
| Notes due August 1, 2033 · U.S. Dollar Denominated Unsecured Debt | 695,608 | 695,028 | +0.1% |
| Notes due August 1, 2053 · U.S. Dollar Denominated Unsecured Debt | 884,776 | 884,224 | +0.1% |
| Notes due February 15, 2026 · U.S. Dollar Denominated Unsecured Debt | 499,901 | 499,160 | +0.1% |
| Notes due January 15, 2029 · U.S. Dollar Denominated Unsecured Debt | 498,225 | 497,639 | +0.1% |
| Notes due January 20, 2034 · Euro Denominated Unsecured Debt | 492,980 | — | — |
| Notes due January 24, 2032 · Euro Denominated Unsecured Debt | 583,720 | 515,575 | +13.2% |
| Notes due July 1, 2030 · U.S. Dollar Denominated Unsecured Debt | 471,497 | — | — |
| Notes due July 1, 2035 · U.S. Dollar Denominated Unsecured Debt | 395,816 | — | — |
| Notes due May 1, 2031 · U.S. Dollar Denominated Unsecured Debt | 646,358 | 645,673 | +0.1% |
| Notes due May 1, 2028 · U.S. Dollar Denominated Unsecured Debt | 648,433 | 647,756 | +0.1% |
| Notes due May 1, 2029 · U.S. Dollar Denominated Unsecured Debt | 498,983 | 498,673 | +0.1% |
| Notes due November 9, 2026 · U.S. Dollar Denominated Unsecured Debt | 649,253 | 648,383 | +0.1% |
| Notes due November 9, 2028 · U.S. Dollar Denominated Unsecured Debt | 548,625 | 548,144 | +0.1% |
| Notes due November 9, 2031 · U.S. Dollar Denominated Unsecured Debt | 547,922 | 547,570 | +0.1% |
| Notes due September 9, 2030 · Euro Denominated Unsecured Debt | 816,506 | 720,735 | +13.3% |
| Notes due September 15, 2027 · U.S. Dollar Denominated Unsecured Debt | 499,092 | 498,564 | +0.1% |
Show Long-Term Debt Type breakouts |
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| Euro Denominated Unsecured Debt | 2,069,232 | 1,643,431 | +25.9% |
| Mortgages | 1,576 | 1,708 | -7.7% |
| U.S. Dollar Denominated Unsecured Debt | 8,183,073 | 7,707,895 | +6.2% |
| Accrued Liabilities Current And Noncurrent | 612,889 | 588,248 | +4.2% |
| Total Liabilities | 10,866,770 | 9,941,282 | +9.3% |
| Stockholders' Equity | |||
| Preferred Stock Value | 4,350,000 | 4,350,000 | 0.0% |
| Common Stock | 17,550 | 17,541 | +0.1% |
| Additional Paid-In Capital | 6,147,650 | 6,116,113 | +0.5% |
| Retained Earnings | -1,219,273 | -699,083 | -74.4% |
| Accumulated Other Comprehensive Income | -47,799 | -71,965 | +33.6% |
| Total Stockholders' Equity | 9,248,128 | 9,712,606 | -4.8% |
| Minority Interest | 93,706 | 101,046 | -7.3% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 9,341,834 | 9,813,652 | -4.8% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -47,799 | -71,965 | +33.6% |
| Additional Paid In Capital | 6,147,650 | 6,116,113 | +0.5% |
| Common Stock | 17,550 | 17,541 | +0.1% |
| Noncontrolling Interest | 93,706 | 101,046 | -7.3% |
| Parent | 9,248,128 | 9,712,606 | -4.8% |
| Preferred Stock | 4,350,000 | 4,350,000 | 0.0% |
| Retained Earnings | -1,219,273 | -699,083 | -74.4% |
| Total Liabilities & Equity | 20,208,604 | 19,754,934 | +2.3% |
| Land | 5,952,072 | 5,711,685 | +4.2% |
| Real Estate Facilities Net | 18,610,203 | 18,052,552 | +3.1% |
| Development In Process | 194,355 | 308,101 | -36.9% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Equity Method Investment Dividends Or Distributions | 1,823 | 11,039 | -83.5% |
Show Product Lines breakouts |
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| License · Shurgard Self Storage Sa | 1.8 | 1.5 | +20.0% |
| Foreign Currency Transaction Gain Loss Unrealized After Tax | 185,169 | -101,974 | +281.6% |
| Stock-Based Compensation | 39,902 | 44,747 | -10.8% |
| Impairment Of Real Estate | 4,348 | — | — |
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts |
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| Land Parcel | 4.3 | — | — |
| Amortization of Financing Costs | 10,349 | 9,728 | +6.4% |
| Other Operating Activities Cash Flow Statement | 4,902 | 1,682 | +191.4% |
| Increase Decrease In Other Operating Assets | -24,639 | -44,968 | +45.2% |
| Increase Decrease In Other Accrued Liabilities | 26,440 | 15,183 | +74.1% |
| Net Cash from Operations | 3,186,449 | 3,128,255 | +1.9% |
| Investing Activities | |||
| Capital Expenditures To Maintain Real Estate Facilities | -218,464 | -239,655 | +8.8% |
| Capital Expenditures For Energy Efficiencies | -70,914 | -53,612 | -32.3% |
| Payments To Develop Real Estate Assets | -310,737 | -326,854 | +4.9% |
| Payments To Acquire Real Estate | -945,585 | -267,473 | -253.5% |
| Payments To Acquire Notes Receivable | -131,227 | -9,960 | -1217.5% |
| Payments To Acquire Non Operating Real Estate Assets | -16,313 | — | — |
| Proceeds From Real Estate And Real Estate Joint Ventures | 8,151 | 8,388 | -2.8% |
| Net Cash from Investing | -1,685,089 | -1,002,638 | -68.1% |
| Financing Activities | |||
| Repayments Of Notes Payable | -651,517 | -808,505 | +19.4% |
| Proceeds From Issuance Of Unsecured Debt | 1,356,420 | 1,151,022 | +17.8% |
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 9,412 | 47,278 | -80.1% |
| Tax Withholding for Share Compensation | -8,646 | -12,667 | +31.7% |
| Acquisition Of Nonredeemable Noncontrolling Interests In Subsidiaries | -9,864 | -1,591 | -520.0% |
| Proceeds From Minority Shareholders | 4,588 | 2,938 | +56.2% |
| Payments Of Capital Distribution | -2,303,381 | -2,301,935 | -0.1% |
| Payments Of Dividends Minority Interest | -27,693 | -15,437 | -79.4% |
| Net Cash from Financing | -1,630,681 | -2,078,576 | +21.5% |
| Supplemental | |||
| Interest Paid | -273,007 | -269,498 | -1.3% |
| Income Taxes Paid | -6,350 | -6,877 | +7.7% |
| Cash Received For Sale Of Solar Tax Credits | 15,847 | — | — |
| Other Cash Flow | |||
| Net Change in Cash | -129,321 | 47,041 | -374.9% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 318,095 | 447,416 | -28.9% |
| Capital Expenditures To Maintain Real Estate Facilities Remaining Unpaid At Period End | -8,764 | -7,324 | -19.7% |
| Capital Expenditures For Energy Efficiencies Remaining At Period End | -886 | -1,179 | +24.9% |
| Construction In Progress Expenditures Incurred But Not Yet Paid | -19,111 | -47,159 | +59.5% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.