Public Storage (PSA) Return on Invested Capital (ROIC): 11.50%
Is Public Storage’s return on invested capital (ROIC) high or low?
Public Storage's return on invested capital (ROIC) of 11.50% is in line with its 5-year average of 11.67%, around the middle of its 5-year range (10.03%–12.69%).
The return on invested capital (ROIC) for Public Storage (PSA) is 11.50% as of Wednesday, June 10, 2026. It is above its 12-month average by 0.17% (11.48%).
PSA Return on Invested Capital (ROIC) Chart
PSA Average Return on Invested Capital (ROIC) Chart
PSA Current vs Average Return on Invested Capital (ROIC) Chart
PSA Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
11.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.18%
CURRENT VS TTM AVG
+0.17%
CURRENT VS 3Y AVG
-3.48%
CURRENT VS 5Y AVG
-1.48%
CURRENT VS 10Y AVG
-7.94%
CURRENT VS 15Y AVG
-0.38%
CURRENT VS 20Y AVG
+25.32%
PSA Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Public Storage (PSA) | — | 11.50% | 11.48% | 11.91% | 11.67% |
| Realty Income Corporation (O) | $57.93B | 24.52% | 13.86% | 8.28% | 6.49% |
| Digital Realty Trust, Inc. (DLR) | $63.53B | 1.30% | 1.16% | 1.23% | 1.39% |
| Simon Property Group, Inc. (SPG) | $69.02B | 8.55% | 9.56% | 9.08% | 8.33% |
| Crown Castle Inc. (CCI) | $40.76B | 6.81% | -1.27% | 2.54% | 3.39% |
| VICI Properties Inc. (VICI) | $30.59B | 7.92% | 7.91% | 6.98% | 6.96% |
| American Tower Corporation (AMT) | $89.65B | 6.67% | 6.82% | 5.60% | 5.44% |
| Equinix, Inc. (EQIX) | $102.40B | 4.36% | 3.85% | 3.82% | 3.61% |
| Federal Realty Investment Trust (FRT) | $10.68B | 480.25% | 243.00% | 124.41% | 84.51% |
| Agree Realty Corporation (ADC) | $9.07B | 3.51% | 3.52% | 3.39% | 3.41% |
Capital Efficiency
ROIC
11.5%
ROE
20.6%
Public Storage Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Public Storage Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Public Storage (PSA)?
- The return on invested capital (ROIC) for PSA stock is 11.50%.
- Is Public Storage's return on invested capital (ROIC) high or low?
- Public Storage's return on invested capital (ROIC) of 11.50% is in line with its 5-year average of 11.67%, around the middle of its 5-year range (10.03%–12.69%).
- What is the TTM average return on invested capital (ROIC) for Public Storage (PSA)?
- The TTM average return on invested capital (ROIC) for PSA stock is 11.48%.
- What is the 3Y average return on invested capital (ROIC) for Public Storage (PSA)?
- The 3Y average return on invested capital (ROIC) for PSA stock is 11.91%.
- What is the 5Y average return on invested capital (ROIC) for Public Storage (PSA)?
- The 5Y average return on invested capital (ROIC) for PSA stock is 11.67%.
- What is the 10Y average return on invested capital (ROIC) for Public Storage (PSA)?
- The 10Y average return on invested capital (ROIC) for PSA stock is 12.49%.
- What is the 15Y average return on invested capital (ROIC) for Public Storage (PSA)?
- The 15Y average return on invested capital (ROIC) for PSA stock is 11.54%.
- What is the 20Y average return on invested capital (ROIC) for Public Storage (PSA)?
- The 20Y average return on invested capital (ROIC) for PSA stock is 9.18%.
Public Storage Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 11.50% |
| 2024-12-31 | 11.46% |
| 2023-12-31 | 12.01% |
| 2022-12-31 | 12.69% |
| 2021-12-31 | 10.03% |
| 2020-12-31 | 12.35% |
| 2019-12-31 | 13.36% |
| 2018-12-31 | 13.39% |
| 2017-12-31 | 13.69% |
| 2016-12-31 | 13.98% |
| 2015-12-31 | 12.95% |
| 2014-12-31 | 11.03% |
| 2013-12-31 | 9.18% |
| 2012-12-31 | 10.15% |
| 2011-12-31 | 9.11% |
| 2010-12-31 | 7.82% |
| 2009-12-31 | 8.01% |
| 2008-12-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2001-12-31 | 0.00% |
| 2000-12-31 | 0.00% |
| 1999-12-31 | 0.00% |
| 1998-12-31 | 0.00% |
| 1997-12-31 | 0.00% |
| 1996-12-31 | 0.00% |
Related Metrics
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