Public Storage (PSA) — Free Cash Flow Generation Index
Latest as of June 2026:
1.08x
Public Storage (PSA) has a Free Cash Flow Generation Index of 1.08x as of June 2026. Free cash flow of $937.95 Million represents 1% of operating cash flow ($868.44 Million). Explore PSA capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
1.08x
Free Cash Flow / Operating CF
Free Cash Flow
$937.95 Million
USD
Operating Cash Flow
$868.44 Million
USD
Capital Expenditures
$69.51 Million
USD
Public Storage Free Cash Flow Generation Index (1986–2025)
Historical FCF Generation Index trend for Public Storage across 40 annual periods. For the full cash flow conversion analysis, see PSA cash flow metrics.
Annual Free Cash Flow Generation for Public Storage (1986–2025)
Year-by-year Free Cash Flow Generation Index for Public Storage. Check PSA capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.91x | $2.90 Billion | $3.19 Billion | $289.38 Million | ▲ +5.0% |
| 2024 | 0.87x | $2.71 Billion | $3.13 Billion | $420.02 Million | ▲ +0.9% |
| 2023 | 0.86x | $2.79 Billion | $3.25 Billion | $461.14 Million | ▲ +0.6% |
| 2022 | 0.85x | $2.66 Billion | $3.12 Billion | $459.77 Million | ▼ -4.6% |
| 2021 | 0.89x | $2.27 Billion | $2.54 Billion | $270.24 Million | ▼ -2.5% |
| 2020 | 0.92x | $1.87 Billion | $2.04 Billion | $170.00 Million | ▲ +0.8% |
| 2019 | 0.91x | $1.88 Billion | $2.07 Billion | $187.31 Million | ▼ -2.4% |
| 2018 | 0.93x | $1.92 Billion | $2.06 Billion | $140.98 Million | ▼ -0.8% |
| 2017 | 0.94x | $1.85 Billion | $1.97 Billion | $120.59 Million | ▲ +14.6% |
| 2016 | 0.82x | $1.59 Billion | $1.95 Billion | $351.35 Million | ▼ -1.5% |
| 2015 | 0.83x | $1.45 Billion | $1.75 Billion | $294.07 Million | ▼ -3.4% |
| 2014 | 0.86x | $1.38 Billion | $1.60 Billion | $222.53 Million | ▼ -3.0% |
| 2013 | 0.89x | $1.27 Billion | $1.43 Billion | $159.91 Million | ▼ -5.4% |
| 2012 | 0.94x | $1.21 Billion | $1.29 Billion | $78.42 Million | ▲ +1.4% |
| 2011 | 0.93x | $1.11 Billion | $1.20 Billion | $88.94 Million | ▲ +1.3% |
| 2010 | 0.91x | $998.96 Million | $1.09 Billion | $94.26 Million | ▼ -3.2% |
| 2009 | 0.94x | $1.05 Billion | $1.11 Billion | $62.35 Million | ▲ +1.6% |
| 2008 | 0.93x | $1.00 Billion | $1.08 Billion | $76.31 Million | ▲ +25.1% |
| 2007 | 0.74x | $763.40 Million | $1.03 Billion | $264.21 Million | ▲ +20.6% |
| 2006 | 0.62x | $477.47 Million | $775.40 Million | $297.93 Million | ▲ +35.1% |
| 2005 | 0.46x | $307.18 Million | $673.87 Million | $366.69 Million | ▼ -54.4% |
| 2004 | 1.00x | $595.32 Million | $595.32 Million | $175.66 Million | ▲ +0.0% |
| 2003 | 1.00x | $547.92 Million | $547.92 Million | $132.60 Million | ▲ +0.0% |
| 2002 | 1.00x | $591.28 Million | $591.28 Million | $158.22 Million | ▲ +0.0% |
| 2001 | 1.00x | $538.53 Million | $538.53 Million | $223.27 Million | ▲ +304.1% |
| 2000 | 0.25x | $130.12 Million | $525.77 Million | $395.65 Million | ▼ -3.2% |
| 1999 | 0.26x | $118.39 Million | $463.29 Million | $344.90 Million | ▼ -31.8% |
| 1998 | 0.37x | $145.61 Million | $388.41 Million | $242.80 Million | ▲ +773.4% |
| 1997 | -0.06x | $-16.40 Million | $294.60 Million | $311.00 Million | ▲ +30.7% |
| 1996 | -0.08x | $-19.70 Million | $245.20 Million | $264.90 Million | ▼ -362.5% |
| 1995 | 0.03x | $3.78 Million | $123.47 Million | $119.69 Million | ▲ +110.9% |
| 1994 | -0.28x | $-22.16 Million | $79.18 Million | $101.34 Million | ▼ -20.7% |
| 1993 | -0.23x | $-13.80 Million | $59.50 Million | $73.30 Million | ▼ -136.2% |
| 1992 | 0.64x | $20.80 Million | $32.50 Million | $11.70 Million | ▼ -32.2% |
| 1991 | 0.94x | $21.70 Million | $23.00 Million | $1.30 Million | ▲ +9.1% |
| 1990 | 0.86x | $13.40 Million | $15.50 Million | $2.10 Million | ▲ +0.7% |
| 1989 | 0.86x | $10.30 Million | $12.00 Million | $1.70 Million | ▼ -14.2% |
| 1988 | 1.00x | $13.10 Million | $13.10 Million | $0.00 | ▲ +0.0% |
| 1987 | 1.00x | $14.70 Million | $14.70 Million | $0.00 | ▲ +0.0% |
| 1986 | 1.00x | $12.60 Million | $12.60 Million | $0.00 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).