Public Storage (PSA) — Tangible Net Worth Ratio
Public Storage (PSA) has a Tangible Net Worth Ratio of 97.5% as of June 2026. This metric is calculated by deducting intangible assets ($228.00 Million) from net assets ($9.29 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Public Storage annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Public Storage Tangible Net Worth Ratio (1983–2025)
This chart shows how Public Storage's Tangible Net Worth Ratio has changed across 43 annual periods from 1983 to 2025. As of June 2026, the ratio stands at 97.5%, reflecting net assets of $9.29 Billion with intangible assets of $228.00 Million USD. For live market cap and overall valuation, see PSA market cap overview.
Annual Tangible Net Worth Ratio for Public Storage (1983–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Public Storage from 1983 to 2025, covering 43 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Public Storage (PSA) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.1% | $9.34 Billion | $85.77 Million | $20.21 Billion | ▲ +0.3 pp |
| 2024 | 98.8% | $9.81 Billion | $116.34 Million | $19.75 Billion | ▲ +1.0 pp |
| 2023 | 97.8% | $10.11 Billion | $221.42 Million | $19.81 Billion | ▼ -1.5 pp |
| 2022 | 99.3% | $10.17 Billion | $66.67 Million | $17.55 Billion | ▲ +0.8 pp |
| 2021 | 98.5% | $9.42 Billion | $137.05 Million | $17.38 Billion | ▼ -1.1 pp |
| 2020 | 99.6% | $8.58 Billion | $30.05 Million | $11.82 Billion | ▼ 0.0 pp |
| 2019 | 99.7% | $9.08 Billion | $31.34 Million | $11.37 Billion | ▲ +0.0 pp |
| 2018 | 99.6% | $9.14 Billion | $35.26 Million | $10.93 Billion | ▲ +0.1 pp |
| 2017 | 99.5% | $8.96 Billion | $40.36 Million | $10.73 Billion | ▼ 0.0 pp |
| 2016 | 99.6% | $9.44 Billion | $38.12 Million | $10.13 Billion | ▼ 0.0 pp |
| 2015 | 99.6% | $9.20 Billion | $36.86 Million | $9.78 Billion | ▲ +0.2 pp |
| 2014 | 99.4% | $9.51 Billion | $54.03 Million | $9.82 Billion | ▲ +0.3 pp |
| 2013 | 99.2% | $8.82 Billion | $72.25 Million | $9.88 Billion | ▼ -0.4 pp |
| 2012 | 99.6% | $8.12 Billion | $34.77 Million | $8.79 Billion | ▲ +2.1 pp |
| 2011 | 97.5% | $8.32 Billion | $209.66 Million | $8.93 Billion | ▼ -2.0 pp |
| 2010 | 99.5% | $8.72 Billion | $42.09 Million | $9.50 Billion | ▼ -0.1 pp |
| 2009 | 99.6% | $9.07 Billion | $38.27 Million | $9.81 Billion | ▲ +0.2 pp |
| 2008 | 99.4% | $9.08 Billion | $52.01 Million | $9.94 Billion | ▲ +1.3 pp |
| 2007 | 98.1% | $9.27 Billion | $173.75 Million | $10.64 Billion | ▲ +2.9 pp |
| 2006 | 95.2% | $8.71 Billion | $414.60 Million | $11.20 Billion | ▼ -4.4 pp |
| 2005 | 99.6% | $5.07 Billion | $19.88 Million | $5.55 Billion | ▲ +0.2 pp |
| 2004 | 99.5% | $4.86 Billion | $26.48 Million | $5.20 Billion | ▲ +1.9 pp |
| 2003 | 97.6% | $4.65 Billion | $111.29 Million | $4.97 Billion | ▲ +0.2 pp |
| 2002 | 97.4% | $4.60 Billion | $117.89 Million | $4.84 Billion | ▲ +2.1 pp |
| 2001 | 95.4% | $4.36 Billion | $202.70 Million | $4.63 Billion | ▼ -0.3 pp |
| 2000 | 95.7% | $4.26 Billion | $185.02 Million | $4.51 Billion | ▲ +0.7 pp |
| 1999 | 95.0% | $3.88 Billion | $194.33 Million | $4.21 Billion | ▲ +1.2 pp |
| 1998 | 93.8% | $3.26 Billion | $203.63 Million | $3.40 Billion | ▲ +0.5 pp |
| 1997 | 93.2% | $3.14 Billion | $212.94 Million | $3.31 Billion | ▲ +2.4 pp |
| 1996 | 90.8% | $2.42 Billion | $222.25 Million | $2.57 Billion | ▲ +4.1 pp |
| 1995 | 86.7% | $1.75 Billion | $231.56 Million | $1.94 Billion | ▼ -13.3 pp |
| 1994 | 100.0% | $729.01 Million | $0.00 | $820.31 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $569.80 Million | $0.00 | $666.10 Million | ▲ +0.0 pp |
| 1992 | 100.0% | $340.30 Million | $0.00 | $401.70 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $230.60 Million | $0.00 | $320.50 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $188.90 Million | $0.00 | $270.80 Million | ▲ +0.0 pp |
| 1989 | 100.0% | $157.70 Million | $0.00 | $240.90 Million | ▲ +0.0 pp |
| 1988 | 100.0% | $161.90 Million | $0.00 | $255.60 Million | ▲ +0.0 pp |
| 1987 | 100.0% | $164.60 Million | $0.00 | $244.30 Million | ▲ +0.0 pp |
| 1986 | 100.0% | $158.70 Million | $0.00 | $245.10 Million | ▲ +0.0 pp |
| 1985 | 100.0% | $132.20 Million | $0.00 | $193.90 Million | ▲ +0.0 pp |
| 1984 | 100.0% | $52.00 Million | $0.00 | $117.00 Million | ▲ +0.0 pp |
| 1983 | 100.0% | $40.00 Million | $0.00 | $64.00 Million | — |