Public Storage (PSA) — Capital Reinvestment Ratio
Public Storage (PSA) has a Capital Reinvestment Ratio of 0.08x as of June 2026, meaning it reinvests 0% of its operating cash flow ($868.44 Million) in capital expenditures ($69.51 Million). Check Public Storage tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Public Storage Capital Reinvestment Ratio (1989–2025)
This chart tracks Public Storage's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see PSA cash flow metrics.
Annual Capital Reinvestment Ratio for Public Storage (1989–2025)
Year-by-year Capital Reinvestment Ratio for Public Storage from 1989 to 2025. See Public Storage (PSA) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.09x | $3.19 Billion | $289.38 Million | ▼ -32.4% |
| 2024 | 0.13x | $3.13 Billion | $420.02 Million | ▼ -5.5% |
| 2023 | 0.14x | $3.25 Billion | $461.14 Million | ▼ -3.7% |
| 2022 | 0.15x | $3.12 Billion | $459.77 Million | ▲ +38.8% |
| 2021 | 0.11x | $2.54 Billion | $270.24 Million | ▲ +27.7% |
| 2020 | 0.08x | $2.04 Billion | $170.00 Million | ▼ -8.1% |
| 2019 | 0.09x | $2.07 Billion | $187.31 Million | ▲ +32.6% |
| 2018 | 0.07x | $2.06 Billion | $140.98 Million | ▲ +11.8% |
| 2017 | 0.06x | $1.97 Billion | $120.59 Million | ▼ -66.2% |
| 2016 | 0.18x | $1.95 Billion | $351.35 Million | ▲ +7.4% |
| 2015 | 0.17x | $1.75 Billion | $294.07 Million | ▲ +21.2% |
| 2014 | 0.14x | $1.60 Billion | $222.53 Million | ▲ +24.1% |
| 2013 | 0.11x | $1.43 Billion | $159.91 Million | ▲ +83.3% |
| 2012 | 0.06x | $1.29 Billion | $78.42 Million | ▼ -17.5% |
| 2011 | 0.07x | $1.20 Billion | $88.94 Million | ▼ -14.3% |
| 2010 | 0.09x | $1.09 Billion | $94.26 Million | ▲ +53.9% |
| 2009 | 0.06x | $1.11 Billion | $62.35 Million | ▼ -20.9% |
| 2008 | 0.07x | $1.08 Billion | $76.31 Million | ▼ -72.4% |
| 2007 | 0.26x | $1.03 Billion | $264.21 Million | ▼ -33.1% |
| 2006 | 0.38x | $775.40 Million | $297.93 Million | ▼ -29.4% |
| 2005 | 0.54x | $673.87 Million | $366.69 Million | ▲ +84.4% |
| 2004 | 0.30x | $595.32 Million | $175.66 Million | ▲ +21.9% |
| 2003 | 0.24x | $547.92 Million | $132.60 Million | ▼ -9.6% |
| 2002 | 0.27x | $591.28 Million | $158.22 Million | ▼ -35.5% |
| 2001 | 0.41x | $538.53 Million | $223.27 Million | ▼ -44.9% |
| 2000 | 0.75x | $525.77 Million | $395.65 Million | ▲ +1.1% |
| 1999 | 0.74x | $463.29 Million | $344.90 Million | ▲ +19.1% |
| 1998 | 0.63x | $388.41 Million | $242.80 Million | ▼ -40.8% |
| 1997 | 1.06x | $294.60 Million | $311.00 Million | ▼ -2.3% |
| 1996 | 1.08x | $245.20 Million | $264.90 Million | ▲ +11.4% |
| 1995 | 0.97x | $123.47 Million | $119.69 Million | ▼ -24.3% |
| 1994 | 1.28x | $79.18 Million | $101.34 Million | ▲ +3.9% |
| 1993 | 1.23x | $59.50 Million | $73.30 Million | ▲ +242.2% |
| 1992 | 0.36x | $32.50 Million | $11.70 Million | ▲ +536.9% |
| 1991 | 0.06x | $23.00 Million | $1.30 Million | ▼ -58.3% |
| 1990 | 0.14x | $15.50 Million | $2.10 Million | ▼ -4.4% |
| 1989 | 0.14x | $12.00 Million | $1.70 Million | — |