Public Storage (PSA) — Financial Flexibility Index
Public Storage (PSA) has a Financial Flexibility Index of 0.08x as of December 2025. Free cash flow of $833.67 Million (operating CF $733.59 Million minus capex $100.09 Million) represents 0% of total liabilities ($10.87 Billion). Also explore Public Storage annual equity growth to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Public Storage Financial Flexibility Index (1986–2025)
Historical Financial Flexibility Index trend for Public Storage across 40 annual periods. Check PSA strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for Public Storage (1986–2025)
Year-by-year free cash flow to debt coverage for Public Storage. For the full company profile including market capitalisation, see Public Storage stock valuation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.32x | $3.48 Billion | $3.19 Billion | $10.87 Billion | ▼ -10.4% |
| 2024 | 0.36x | $3.55 Billion | $3.13 Billion | $9.94 Billion | ▼ -6.6% |
| 2023 | 0.38x | $3.71 Billion | $3.25 Billion | $9.70 Billion | ▼ -21.1% |
| 2022 | 0.48x | $3.58 Billion | $3.12 Billion | $7.39 Billion | ▲ +37.0% |
| 2021 | 0.35x | $2.81 Billion | $2.54 Billion | $7.96 Billion | ▼ -48.2% |
| 2020 | 0.68x | $2.21 Billion | $2.04 Billion | $3.24 Billion | ▼ -30.8% |
| 2019 | 0.99x | $2.25 Billion | $2.07 Billion | $2.29 Billion | ▼ -20.2% |
| 2018 | 1.24x | $2.20 Billion | $2.06 Billion | $1.78 Billion | ▲ +4.4% |
| 2017 | 1.18x | $2.09 Billion | $1.97 Billion | $1.77 Billion | ▼ -64.5% |
| 2016 | 3.33x | $2.30 Billion | $1.95 Billion | $688.68 Million | ▼ -5.2% |
| 2015 | 3.52x | $2.04 Billion | $1.75 Billion | $580.59 Million | ▼ -40.0% |
| 2014 | 5.86x | $1.83 Billion | $1.60 Billion | $311.50 Million | ▲ +289.8% |
| 2013 | 1.50x | $1.59 Billion | $1.43 Billion | $1.06 Billion | ▼ -26.1% |
| 2012 | 2.03x | $1.36 Billion | $1.29 Billion | $670.54 Million | ▼ -4.1% |
| 2011 | 2.12x | $1.29 Billion | $1.20 Billion | $609.28 Million | ▲ +38.3% |
| 2010 | 1.53x | $1.19 Billion | $1.09 Billion | $774.19 Million | ▼ -4.6% |
| 2009 | 1.61x | $1.18 Billion | $1.11 Billion | $731.14 Million | ▲ +19.3% |
| 2008 | 1.35x | $1.15 Billion | $1.08 Billion | $856.16 Million | ▲ +43.2% |
| 2007 | 0.94x | $1.29 Billion | $1.03 Billion | $1.37 Billion | ▲ +117.7% |
| 2006 | 0.43x | $1.07 Billion | $775.40 Million | $2.48 Billion | ▼ -80.0% |
| 2005 | 2.16x | $1.04 Billion | $673.87 Million | $481.51 Million | ▼ -3.0% |
| 2004 | 2.23x | $770.98 Million | $595.32 Million | $345.92 Million | ▲ +5.5% |
| 2003 | 2.11x | $680.52 Million | $547.92 Million | $322.13 Million | ▼ -30.9% |
| 2002 | 3.06x | $749.50 Million | $591.28 Million | $245.19 Million | ▲ +5.0% |
| 2001 | 2.91x | $761.80 Million | $538.53 Million | $261.69 Million | ▼ -18.8% |
| 2000 | 3.59x | $921.43 Million | $525.77 Million | $256.91 Million | ▲ +50.3% |
| 1999 | 2.39x | $808.19 Million | $463.29 Million | $338.69 Million | ▼ -45.1% |
| 1998 | 4.35x | $631.21 Million | $388.41 Million | $145.24 Million | ▲ +25.0% |
| 1997 | 3.48x | $605.60 Million | $294.60 Million | $174.21 Million | ▲ +2.2% |
| 1996 | 3.40x | $510.10 Million | $245.20 Million | $149.91 Million | ▲ +166.7% |
| 1995 | 1.28x | $243.15 Million | $123.47 Million | $190.59 Million | ▼ -35.5% |
| 1994 | 1.98x | $180.52 Million | $79.18 Million | $91.30 Million | ▲ +43.4% |
| 1993 | 1.38x | $132.80 Million | $59.50 Million | $96.30 Million | ▲ +91.6% |
| 1992 | 0.72x | $44.20 Million | $32.50 Million | $61.40 Million | ▲ +166.3% |
| 1991 | 0.27x | $24.30 Million | $23.00 Million | $89.90 Million | ▲ +25.8% |
| 1990 | 0.21x | $17.60 Million | $15.50 Million | $81.90 Million | ▲ +30.5% |
| 1989 | 0.16x | $13.70 Million | $12.00 Million | $83.20 Million | ▲ +17.8% |
| 1988 | 0.14x | $13.10 Million | $13.10 Million | $93.70 Million | ▼ -24.2% |
| 1987 | 0.18x | $14.70 Million | $14.70 Million | $79.70 Million | ▲ +26.5% |
| 1986 | 0.15x | $12.60 Million | $12.60 Million | $86.40 Million | — |