Public Storage (PSA) FCF Payout Ratio: 68.70%
Is Public Storage’s FCF payout ratio high or low?
Public Storage's FCF payout ratio of 68.70% is 25% below its 5-year average of 91.67%, near the low end of its 5-year range (69.89%–147.08%).
The FCF payout ratio for Public Storage (PSA) is 68.70%. It is below its 12-month average by 16.48% (82.25%).
PSA FCF Payout Ratio Chart
PSA Average FCF Payout Ratio Chart
PSA Current vs Average FCF Payout Ratio Chart
PSA FCF Payout Ratio Metrics
FCF PAYOUT RATIO
68.70%
FCF PAYOUT RATIO AVG TTM
82.25%
FCF PAYOUT RATIO AVG 3Y
98.59%
FCF PAYOUT RATIO AVG 5Y
91.67%
FCF PAYOUT RATIO AVG 10Y
90.56%
FCF PAYOUT RATIO AVG 15Y
87.50%
FCF PAYOUT RATIO AVG 20Y
89.20%
CURRENT VS TTM AVG
-16.48%
CURRENT VS 3Y AVG
-30.32%
CURRENT VS 5Y AVG
-25.06%
CURRENT VS 10Y AVG
-24.14%
CURRENT VS 15Y AVG
-21.49%
CURRENT VS 20Y AVG
-22.99%
Payout Ratio Comparison
FCF Payout Ratio
68.7%
Earnings Payout Ratio
132.7%
Dividend Yield
3.70%
FCF Yield
5.38%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $2.90B | $2.30B | 79.5% |
| 2024 | $2.71B | $2.30B | 85.0% |
| 2023 | $2.79B | $2.31B | 82.8% |
| 2022 | $2.66B | $3.91B | 147.1% |
| 2021 | $2.27B | $1.59B | 69.9% |
| 2020 | $1.87B | $1.61B | 85.8% |
| 2019 | $1.88B | $1.61B | 85.6% |
| 2018 | $1.92B | $1.61B | 83.9% |
| 2017 | $1.85B | $1.63B | 88.0% |
| 2016 | $1.59B | $1.51B | 94.5% |
| 2015 | $1.45B | $1.37B | 94.3% |
| 2014 | $1.38B | $1.20B | 86.9% |
| 2013 | $1.27B | $1.09B | 85.9% |
| 2012 | $1.21B | $959.15M | 79.5% |
| 2011 | $1.11B | $846.25M | 75.9% |
| 2010 | $998.96M | $754.77M | 75.6% |
| 2009 | $1.05B | $651.64M | 62.0% |
| 2008 | $1.00B | $755.29M | 75.5% |
| 2007 | $763.40M | $619.79M | 81.2% |
| 2006 | $477.47M | $533.86M | 111.8% |
| 2005 | $307.18M | $438.66M | 142.8% |
| 2004 | $595.32M | $432.68M | 72.7% |
| 2003 | $547.92M | $393.56M | 71.8% |
| 2002 | $591.28M | $391.73M | 66.3% |
| 2001 | $538.53M | $342.03M | 63.5% |
| 2000 | $130.12M | $388.88M | 298.9% |
| 1999 | $118.39M | $233.40M | 197.1% |
| 1998 | $145.61M | $211.40M | 145.2% |
| 1997 | ($16.40M) | $195.50M | N/A (Loss) |
| 1996 | ($19.70M) | $136.30M | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Public Storage FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Public Storage FCF Payout Ratio FAQ
- What is the FCF payout ratio for Public Storage (PSA)?
- The FCF payout ratio for PSA stock is 68.70%.
- Is Public Storage's FCF payout ratio high or low?
- Public Storage's FCF payout ratio of 68.70% is 25% below its 5-year average of 91.67%, near the low end of its 5-year range (69.89%–147.08%).
- What is the TTM average FCF payout ratio for Public Storage (PSA)?
- The TTM average FCF payout ratio for PSA stock is 82.25%.
- What is the 3Y average FCF payout ratio for Public Storage (PSA)?
- The 3Y average FCF payout ratio for PSA stock is 98.59%.
- What is the 5Y average FCF payout ratio for Public Storage (PSA)?
- The 5Y average FCF payout ratio for PSA stock is 91.67%.
- What is the 10Y average FCF payout ratio for Public Storage (PSA)?
- The 10Y average FCF payout ratio for PSA stock is 90.56%.
- What is the 15Y average FCF payout ratio for Public Storage (PSA)?
- The 15Y average FCF payout ratio for PSA stock is 87.50%.
- What is the 20Y average FCF payout ratio for Public Storage (PSA)?
- The 20Y average FCF payout ratio for PSA stock is 89.20%.
Public Storage FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 79.51% |
| 2024-12-31 | 85.00% |
| 2023-12-31 | 82.76% |
| 2022-12-31 | 147.08% |
| 2021-12-31 | 69.89% |
| 2020-12-31 | 85.77% |
| 2019-12-31 | 85.56% |
| 2018-12-31 | 83.88% |
| 2017-12-31 | 88.02% |
| 2016-12-31 | 94.47% |
| 2015-12-31 | 94.28% |
| 2014-12-31 | 86.93% |
| 2013-12-31 | 85.91% |
| 2012-12-31 | 79.45% |
| 2011-12-31 | 75.93% |
| 2010-12-31 | 75.56% |
| 2009-12-31 | 62.03% |
| 2008-12-31 | 75.48% |
| 2007-12-31 | 81.19% |
| 2006-12-31 | 111.81% |
| 2005-12-31 | 142.80% |
| 2004-12-31 | 72.68% |
| 2003-12-31 | 71.83% |
| 2002-12-31 | 66.25% |
| 2001-12-31 | 63.51% |
| 2000-12-31 | 298.86% |
| 1999-12-31 | 197.14% |
| 1998-12-31 | 145.19% |
About Public Storage
Public Storage (PSA), an esteemed Real Estate Investment Trust (REIT) and a constituent of both the S&P 500 and FT Global 500 indices, concentrates its operations on the acquisition, development, ownership, and management of self-storage properties. By September 30, 2020, the company's substantial holdings included 2,504 self-storage facilities located across 38 U.S. states, collectively providing around 171 million net rentable square feet. Additionally, Public Storage held an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR), an entity that owned and operated 239 self-storage sites under the Shurgard brand in seven Western European countries, encompassing approximately 13 million net rentable square feet. Concurrently, it maintained an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), which, as of the same reporting date, managed roughly 28 million rentable square feet of commercial properties. The company's main office is situated in Glendale, California.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- CEO
- H. Thomas Boyle