XNYSPSA
Market cap52bUSD
Dec 24, Last price
300.80USD
1D
0.66%
1Q
-16.35%
Jan 2017
34.59%
Name
Public Storage
Chart & Performance
Profile
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 4,517,690 8.02% | 4,182,163 22.43% | 3,415,824 17.18% | |||||||
Cost of revenue | 1,243,329 | 1,185,189 | 1,030,255 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 3,274,361 | 2,996,974 | 2,385,569 | |||||||
NOPBT Margin | 72.48% | 71.66% | 69.84% | |||||||
Operating Taxes | 10,821 | (2,211,550) | 329,243 | |||||||
Tax Rate | 0.33% | 13.80% | ||||||||
NOPAT | 3,263,540 | 5,208,524 | 2,056,326 | |||||||
Net income | 2,148,327 -67.34% | 6,577,824 236.76% | 1,953,263 43.92% | |||||||
Dividends | (2,305,322) | (3,908,962) | (1,588,888) | |||||||
Dividend yield | 4.29% | 7.91% | 2.42% | |||||||
Proceeds from repurchase of equity | 18,444 | (1,079,140) | ||||||||
BB yield | -0.04% | 1.64% | ||||||||
Debt | ||||||||||
Debt current | 8,270 | 502,483 | ||||||||
Long-term debt | 13,453,277 | 11,220,826 | 11,575,279 | |||||||
Deferred revenue | 7,385,506 | 7,957,370 | ||||||||
Other long-term liabilities | (775,253) | (734,599) | ||||||||
Net debt | 12,693,095 | 10,178,091 | 10,514,400 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 3,246,648 | 3,117,141 | 2,543,555 | |||||||
CAPEX | (461,137) | (459,773) | (270,238) | |||||||
Cash from investing activities | (3,538,502) | 1,119,996 | (5,563,511) | |||||||
Cash from financing activities | (112,928) | (4,193,270) | 3,498,141 | |||||||
FCF | (15,027,604) | 5,614,413 | 1,579,130 | |||||||
Balance | ||||||||||
Cash | 370,002 | 775,253 | 734,599 | |||||||
Long term investments | 390,180 | 275,752 | 828,763 | |||||||
Excess cash | 534,298 | 841,897 | 1,392,571 | |||||||
Stockholders' equity | 4,126,186 | 4,270,378 | 3,601,871 | |||||||
Invested Capital | 18,675,926 | 22,814,253 | 23,231,500 | |||||||
ROIC | 15.73% | 22.62% | 11.11% | |||||||
ROCE | 17.04% | 17.58% | 13.71% | |||||||
EV | ||||||||||
Common stock shares outstanding | 176,143 | 176,280 | 175,568 | |||||||
Price | 305.00 8.85% | 280.19 -25.19% | 374.56 62.20% | |||||||
Market cap | 53,723,615 8.77% | 49,391,893 -24.89% | 65,760,750 63.06% | |||||||
EV | 70,860,478 | 64,013,383 | 80,463,511 | |||||||
EBITDA | 4,244,417 | 3,885,120 | 3,098,997 | |||||||
EV/EBITDA | 16.69 | 16.48 | 25.96 | |||||||
Interest | 201,132 | 136,319 | 90,774 | |||||||
Interest/NOPBT | 6.14% | 4.55% | 3.81% |