Public StoragePSA

Market cap

$47.3B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Self-storage facilities	-	-	-	-	-	-	-	-	2,598	2,685	2,722	3,204	3,946	4,260	4,396
Ancillary operations	-	-	-	-	-	-	-	-	157	162	193	212	236	258	300
Revenues	1,647	1,752	1,827	1,982	2,195	2,382	2,561	2,669	2,754	2,847	2,915	3,416	4,182	4,518	4,696
Self-storage facilities	-	-	-	-	-	-	-	-	-	-	-	-	980	1,062	1,137
Self-storage cost of operations	496	506	502	524	567	587	618	658	696	753	808	852	-	-	-
Ancillary cost of operations	-	-	-	-	-	-	-	-	-	-	-	-	73	86	121
Depreciation and amortization	-	-	-	-	-	-	433	455	484	513	553	713	888	970	1,130
Real estate acquisition and development expense	-	-	-	-	-	-	-	-	-	-	-	-	-	26	16
General and administrative	38	52	57	67	71	88	84	83	119	72	83	101	115	81	107
Interest expense	30	24	20	6	7	1	4	13	33	46	56	91	136	201	287
Operating expenses	-	-	-	-	-	1,150	1,186	1,245	1,375	1,427	1,560	1,826	2,192	2,426	2,797
Interest and other income	-	-	-	-	-	-	-	-	-	-	-	12	41	86	67
Income (Loss) from Equity Method Investments	38	59	46	58	88	51	57	76	103	70	80	232	107	28	20
Foreign currency exchange gain (loss)	-42	-7	9	17	-7	0	-	-	-	-	-	-	98	-51	102
Gain on sale of real estate	-	-	-	4	2	19	1	1	38	0	1	14	2	17	2
Equity Method Investment, Realized Gain (Loss) on Disposal	-	-	-	-	-	-	-	-	-	-	-	-	2,129	-	-
Income before income tax expense	-	-	-	-	-	-	-	-	-	-	-	-	-	2,171	2,089
Income tax expense	-	-	-	-	-	-	-	-	-	-	-	-	-	11	5
Net income	696	836	943	1,058	1,150	1,318	1,460	1,448	1,717	1,526	1,361	1,960	4,366	2,160	2,084
Allocation to noncontrolling interests	-	-	-	-	-	-	-	-	-	-	-	-	17	12	12
Net income allocable to Public Storage shareholders	696	836	943	1,058	1,150	1,318	1,460	1,448	1,717	1,526	1,361	1,960	4,366	2,160	2,084
Preferred shareholders	-	-	-	-	-	245	238	237	216	210	207	187	194	195	195
Restricted share units and unvested LTIP units	-	-	-	-	-	-	-	-	-	-	-	-	12	5	5
Net income allocable to common shareholders	-	562	670	845	908	1,053	1,184	1,172	1,489	1,273	1,098	1,732	4,142	1,949	1,873
Basic (in USD per share)	2.36	3.31	3.93	4.92	5.27	6.1	6.84	6.75	8.56	7.3	6.29	9.91	23.64	11.11	10.68
Diluted (in USD per share)	2.35	3.29	3.9	4.89	5.25	6.07	6.81	6.73	8.54	7.29	6.29	9.87	23.5	11.06	10.64