Public Storage annual free cash flow
2022
2023
2024
2025
Public Storage Free Cash Flow (FCF) History (PSA)
Public Storage reported $2.90B in free cash flow for fiscal 2025, an increase of 6.97% from the previous fiscal year, with a free cash flow margin of 60.05%.
View full Public Storage company overviewPublic Storage free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.90B | $188.8M | +6.97% | +60.05% |
| 2024 | 2024-12-31 | $2.71B | −$77.3M | −2.77% | +57.68% |
| 2023 | 2023-12-31 | $2.79B | $128.1M | +4.82% | +61.66% |
| 2022 | 2022-12-31 | $2.66B | — | — | +63.54% |
Public Storage quarterly free cash flow
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $803.4M | −$14.0M | −1.71% | +65.16% |
| Q1 2026 | 2026-03-31 | $625.3M | — | — | +51.35% |
| Q4 2025 | 2025-12-31 | $633.5M | — | — | +52.11% |
| Q3 2025 | 2025-09-30 | $799.1M | — | — | +65.29% |
| Q2 2025 | 2025-06-30 | $817.4M | — | — | +68.05% |
Public Storage free cash flow growth trends
Public Storage's latest reported quarter, Q2 2026, generated $803.4M in free cash flow, a decrease of 1.71% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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