Public Storage (PSA) — Cash Flow Reinvestment Rate
Public Storage (PSA) has a Cash Flow Reinvestment Rate of 0.08x as of June 2026, reinvesting $69.51 Million (capex $69.51 Million ) from operating cash flow of $868.44 Million. See Public Storage free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Public Storage Cash Flow Reinvestment Rate (1986–2025)
Historical reinvestment intensity for Public Storage across 40 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Public Storage.
Annual Cash Flow Reinvestment Rate for Public Storage (1986–2025)
Year-by-year capital reinvestment analysis for Public Storage. See Public Storage (PSA) flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.09x | $289.38 Million | $3.19 Billion | $289.38 Million | ▼ -80.0% |
| 2024 | 0.45x | $1.42 Billion | $3.13 Billion | $420.02 Million | ▼ -63.1% |
| 2023 | 1.23x | $4.00 Billion | $3.25 Billion | $461.14 Million | ▲ +24.0% |
| 2022 | 0.99x | $3.10 Billion | $3.12 Billion | $459.77 Million | ▲ +782.1% |
| 2021 | 0.11x | $286.53 Million | $2.54 Billion | $270.24 Million | ▲ +34.0% |
| 2020 | 0.08x | $171.79 Million | $2.04 Billion | $170.00 Million | ▼ -7.5% |
| 2019 | 0.09x | $188.07 Million | $2.07 Billion | $187.31 Million | ▼ -3.8% |
| 2018 | 0.09x | $195.16 Million | $2.06 Billion | $140.98 Million | ▲ +47.3% |
| 2017 | 0.06x | $126.70 Million | $1.97 Billion | $120.59 Million | ▼ -64.5% |
| 2016 | 0.18x | $352.35 Million | $1.95 Billion | $351.35 Million | ▲ +2.4% |
| 2015 | 0.18x | $309.08 Million | $1.75 Billion | $294.07 Million | ▼ -56.0% |
| 2014 | 0.40x | $643.70 Million | $1.60 Billion | $222.53 Million | ▲ +116.7% |
| 2013 | 0.19x | $264.95 Million | $1.43 Billion | $159.91 Million | ▲ +203.7% |
| 2012 | 0.06x | $78.42 Million | $1.29 Billion | $78.42 Million | ▼ -17.5% |
| 2011 | 0.07x | $88.94 Million | $1.20 Billion | $88.94 Million | ▼ -53.7% |
| 2010 | 0.16x | $174.55 Million | $1.09 Billion | $94.26 Million | ▲ +185.0% |
| 2009 | 0.06x | $62.35 Million | $1.11 Billion | $62.35 Million | ▼ -20.9% |
| 2008 | 0.07x | $76.31 Million | $1.08 Billion | $76.31 Million | ▼ -72.4% |
| 2007 | 0.26x | $264.21 Million | $1.03 Billion | $264.21 Million | ▼ -33.1% |
| 2006 | 0.38x | $297.93 Million | $775.40 Million | $297.93 Million | ▼ -29.4% |
| 2005 | 0.54x | $366.69 Million | $673.87 Million | $366.69 Million | ▲ +84.4% |
| 2004 | 0.30x | $175.66 Million | $595.32 Million | $175.66 Million | ▲ +21.9% |
| 2003 | 0.24x | $132.60 Million | $547.92 Million | $132.60 Million | ▼ -9.6% |
| 2002 | 0.27x | $158.22 Million | $591.28 Million | $158.22 Million | ▼ -35.5% |
| 2001 | 0.41x | $223.27 Million | $538.53 Million | $223.27 Million | ▼ -44.9% |
| 2000 | 0.75x | $395.65 Million | $525.77 Million | $395.65 Million | ▲ +1.1% |
| 1999 | 0.74x | $344.90 Million | $463.29 Million | $344.90 Million | ▲ +19.1% |
| 1998 | 0.63x | $242.80 Million | $388.41 Million | $242.80 Million | ▼ -40.8% |
| 1997 | 1.06x | $311.00 Million | $294.60 Million | $311.00 Million | ▼ -2.3% |
| 1996 | 1.08x | $264.90 Million | $245.20 Million | $264.90 Million | ▲ +11.4% |
| 1995 | 0.97x | $119.69 Million | $123.47 Million | $119.69 Million | ▼ -24.3% |
| 1994 | 1.28x | $101.34 Million | $79.18 Million | $101.34 Million | ▲ +3.9% |
| 1993 | 1.23x | $73.30 Million | $59.50 Million | $73.30 Million | ▲ +242.2% |
| 1992 | 0.36x | $11.70 Million | $32.50 Million | $11.70 Million | ▲ +536.9% |
| 1991 | 0.06x | $1.30 Million | $23.00 Million | $1.30 Million | ▼ -58.3% |
| 1990 | 0.14x | $2.10 Million | $15.50 Million | $2.10 Million | ▼ -4.4% |
| 1989 | 0.14x | $1.70 Million | $12.00 Million | $1.70 Million | — |
| 1988 | 0.00x | $0.00 | $13.10 Million | $0.00 | — |
| 1987 | 0.00x | $0.00 | $14.70 Million | $0.00 | — |
| 1986 | 0.00x | $0.00 | $12.60 Million | $0.00 | — |