Public Storage (PSA) — Free Cash Flow Yield
Real Estate
Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, The firm: (i) owned and/or operated 3,584 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage is headquartered in Frisco, Texas. Public Storage was incorporated in 1972 in Maryland.
| Metric | Value |
|---|---|
| FCF Yield | 4.8% |
| Real Estate Sector Avg FCF Yield | 3.7% |
| Annual Free Cash Flow | $2.9B |
| Market Cap | $60.9B |
| P/E Ratio | 155.9x |
Public Storage's FCF yield of 4.8% is above the Real Estate sector average (3.7%).
Frequently Asked Questions
What is Public Storage's (PSA) free cash flow yield?
Public Storage's (PSA) free cash flow yield is 4.8%. That is above the Real Estate sector average (3.7%).
Is PSA's free cash flow yield good?
At 4.8%, PSA's free cash flow yield is considered fair — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does Public Storage generate?
Public Storage generated $2.9B in free cash flow, against a market cap of $60.9B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →