undamentalytics Newsletter
Sign in

Public Storage cash flow statement

In fiscal 2025, Public Storage's operations generated $3.19bn of cash; it spent $0 on capital projects, leaving free cash flow of $3.19bn.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,1131,0931,2031,2861,4301,6041,7481,9451,9732,0642,0682,0432,5443,1173,2473,1283,1863,006
Depreciation and amortisation3393533583583874374264334554845135537138889701,1301,1521,287
Stock-based pay—————30333738702633605742454045
Capital spending62787068698166811211411870000000
Free cash flow1,0511,0161,1341,2181,3611,5231,6831,8641,8521,9231,8802,0432,5443,1173,2473,1283,1863,006
Free cash flow after stock pay—————1,4931,6501,8261,8151,8531,8552,0102,4843,0603,2053,0843,1472,961
Dividends paid372517621754887968————————————
Share buybacks0————————————002000—
Shares issued2412612421383026431334139600600—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: EXR vs PSACUBE vs PSAPSA vs SMA

More: Self-Storage REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Public Storage's SEC filings (10-K and 10-Q), retrieved October 27, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Public Storage.