Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 11.74% is in line with its 5-year average of 11.80%, around the middle of its 5-year range (9.94%–13.44%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.75% below its 12-month average of 12.33%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.91%
CURRENT VS TTM AVG
-4.75%
CURRENT VS 3Y AVG
-3.04%
CURRENT VS 5Y AVG
-0.49%
CURRENT VS 10Y AVG
-6.61%
CURRENT VS 15Y AVG
-1.63%
CURRENT VS 20Y AVG
+7.64%
SECTOR MEDIAN · REAL ESTATE
4.67%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+151.42%
vs the sector median at left
Public Storage
Market Cap
$56.24B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
12.33%
3Y Avg
12.11%
5Y Avg
11.80%
Market Cap
$56.90B
Return on Invested Capital (ROIC)
2.24%
TTM Avg
2.69%
3Y Avg
2.70%
5Y Avg
2.77%
Market Cap
$68.71B
Return on Invested Capital (ROIC)
8.81%
TTM Avg
9.56%
3Y Avg
9.08%
5Y Avg
8.33%
Market Cap
$43.71B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
Market Cap
$70.11B
Return on Invested Capital (ROIC)
2.25%
TTM Avg
1.16%
3Y Avg
1.23%
5Y Avg
1.39%
Market Cap
$41.19B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
Market Cap
$34.54B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
5.03%
3Y Avg
5.38%
5Y Avg
5.55%
Market Cap
$33.20B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
Market Cap
$81.88B
Return on Invested Capital (ROIC)
7.27%
TTM Avg
6.86%
3Y Avg
5.64%
5Y Avg
5.49%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Public Storage (PSA) | $56.24B | 11.74% | 12.33% | 12.11% | 11.80% |
| Realty Income Corporation (O)vs › | $56.90B | 2.24% | 2.69% | 2.70% | 2.77% |
| Simon Property Group, Inc. (SPG)vs › | $68.71B | 8.81% | 9.56% | 9.08% | 8.33% |
| Ventas, Inc. (VTR)vs › | $43.71B | 2.81% | 2.95% | 2.44% | 2.34% |
| Digital Realty Trust, Inc. (DLR)vs › | $70.11B | 2.25% | 1.16% | 1.23% | 1.39% |
| CBRE Group, Inc. (CBRE)vs › | $41.19B | 5.77% | 6.20% | 7.03% | 7.10% |
| Iron Mountain Incorporated (IRM)vs › | $34.54B | 6.34% | 5.03% | 5.38% | 5.55% |
| Crown Castle Inc. (CCI)vs › | $33.20B | 9.63% | -1.28% | 2.57% | 3.42% |
| American Tower Corporation (AMT)vs › | $81.88B | 7.27% | 6.86% | 5.64% | 5.49% |
| Extra Space Storage Inc. (EXR)vs › | $29.40B | 5.09% | 4.69% | 5.55% | 6.42% |
ROIC
11.7%
ROE
22.2%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 11.74% |
| 2026-03-31 | 12.77% |
| 2025-12-31 | 12.96% |
| 2025-09-30 | 13.00% |
| 2025-06-30 | 11.17% |
| 2025-03-31 | 11.59% |
| 2024-12-31 | 11.46% |
| 2024-09-30 | 11.51% |
| 2024-06-30 | 11.69% |
| 2024-03-31 | 11.94% |
| 2023-12-31 | 12.08% |
| 2023-09-30 | 12.07% |
| 2023-06-30 | 13.44% |
| 2023-03-31 | 13.06% |
| 2022-12-31 | 12.48% |
| 2022-09-30 | 11.96% |
| 2022-06-30 | 10.89% |
| 2022-03-31 | 10.30% |
| 2021-12-31 | 9.94% |
| 2021-09-30 | 10.89% |
| 2021-06-30 | 10.85% |
| 2021-03-31 | 12.43% |
| 2020-12-31 | 12.36% |
| 2020-09-30 | 12.87% |
| 2020-06-30 | 11.93% |
| 2020-03-31 | 12.75% |
| 2019-12-31 | 13.34% |
| 2019-09-30 | 13.29% |
| 2019-06-30 | 13.51% |
| 2019-03-31 | 13.60% |
| 2018-12-31 | 13.38% |
| 2018-09-30 | 13.62% |
| 2018-06-30 | 13.63% |
| 2018-03-31 | 13.73% |
| 2017-12-31 | 13.69% |
| 2017-09-30 | 13.65% |
| 2017-06-30 | 14.04% |
| 2017-03-31 | 14.21% |
| 2016-12-31 | 13.98% |
| 2016-09-30 | 14.13% |
| 2016-06-30 | 13.57% |
| 2016-03-31 | 13.05% |
| 2015-12-31 | 12.95% |
| 2015-09-30 | 12.70% |
| 2015-06-30 | 12.22% |
| 2015-03-31 | 11.67% |
| 2014-12-31 | 11.13% |
| 2014-09-30 | 10.95% |
| 2014-06-30 | 10.26% |
| 2014-03-31 | 10.24% |
| 2013-12-31 | 9.29% |
| 2013-09-30 | 10.59% |
| 2013-06-30 | 10.41% |
| 2013-03-31 | 10.10% |
| 2012-12-31 | 10.15% |
| 2012-09-30 | 9.40% |
| 2012-06-30 | 10.03% |
| 2012-03-31 | 9.60% |
| 2011-12-31 | 9.48% |
| 2011-09-30 | 9.37% |
| 2011-06-30 | 9.02% |
| 2011-03-31 | 8.64% |
| 2010-12-31 | 8.03% |
| 2010-09-29 | 8.03% |
| 2010-06-30 | 7.54% |
| 2010-03-31 | 7.77% |
| 2009-12-31 | 7.70% |
| 2009-09-30 | 7.19% |
| 2009-06-30 | 7.42% |
| 2009-03-31 | 7.13% |
| 2008-12-31 | 6.66% |
| 2008-09-30 | 6.94% |
| 2008-06-30 | 6.20% |
| 2008-03-31 | 5.41% |
| 2007-12-31 | 4.65% |
| 2007-09-30 | 2.67% |
| 2007-06-30 | 2.30% |
| 2007-03-31 | 2.84% |
| 2006-12-31 | 3.10% |
| 2006-09-30 | 4.27% |
| 2006-06-30 | 8.23% |
| 2006-03-31 | 8.80% |
| 2005-12-31 | 8.37% |
| 2005-09-30 | 8.13% |
| 2005-06-30 | 8.12% |
| 2005-03-31 | 7.94% |
| 2004-12-31 | 7.60% |
| 2004-09-30 | 7.40% |
| 2004-06-30 | 7.28% |
| 2004-03-31 | 7.17% |
| 2003-12-31 | 7.11% |
| 2003-09-30 | 7.24% |
| 2003-06-30 | 7.20% |
