Public Storage (PSA) Debt to Equity Ratio: 1.11
Is Public Storage’s debt to equity ratio high or low?
Public Storage's debt to equity ratio of 1.11 is 40% above its 5-year average of 0.79, near the high end of its 5-year range (0.30–1.11).
The debt to equity ratio for Public Storage (PSA) is 1.11 as of Wednesday, June 10, 2026. It is above its 12-month average by 7.25% (1.04).
PSA Debt to Equity Ratio Chart
PSA Average Debt to Equity Ratio Chart
PSA Current vs Average Debt to Equity Ratio Chart
PSA Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
1.11
DEBT TO EQUITY RATIO AVG TTM
1.04
DEBT TO EQUITY RATIO AVG 3Y
0.92
DEBT TO EQUITY RATIO AVG 5Y
0.79
DEBT TO EQUITY RATIO AVG 10Y
0.49
DEBT TO EQUITY RATIO AVG 15Y
0.35
DEBT TO EQUITY RATIO AVG 20Y
0.29
CURRENT VS TTM AVG
+7.25%
CURRENT VS 3Y AVG
+21.31%
CURRENT VS 5Y AVG
+39.92%
CURRENT VS 10Y AVG
+128.22%
CURRENT VS 15Y AVG
+214.89%
CURRENT VS 20Y AVG
+282.13%
PSA Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Public Storage (PSA) | — | 1.11 | 1.04 | 0.92 | 0.79 |
| Realty Income Corporation (O) | $57.93B | 0.83 | 0.76 | 0.71 | 0.71 |
| Digital Realty Trust, Inc. (DLR) | $63.53B | 1.05 | 0.95 | 0.98 | 0.93 |
| Simon Property Group, Inc. (SPG) | $69.02B | 5.60 | 7.01 | 7.72 | 7.92 |
| Crown Castle Inc. (CCI) | $40.76B | -18.08 | 4.13 | 3.56 | 2.99 |
| American Tower Corporation (AMT) | $89.65B | 12.31 | 12.66 | 11.20 | 10.67 |
| Equinix, Inc. (EQIX) | $102.40B | 1.61 | 1.50 | 1.46 | 1.42 |
| Agree Realty Corporation (ADC) | $9.07B | 0.53 | 0.52 | 0.48 | 0.50 |
| NNN REIT, Inc. (NNN) | $8.83B | 1.09 | 1.04 | 1.02 | 0.97 |
| Terreno Realty Corporation (TRNO) | $7.13B | 0.23 | 0.23 | 0.27 | 0.28 |
Financial Health
Debt/Equity
1.11
Current Ratio
0.75
Public Storage Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Public Storage Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Public Storage (PSA)?
- The debt to equity ratio for PSA stock is 1.11.
- Is Public Storage's debt to equity ratio high or low?
- Public Storage's debt to equity ratio of 1.11 is 40% above its 5-year average of 0.79, near the high end of its 5-year range (0.30–1.11).
- What is the TTM average debt to equity ratio for Public Storage (PSA)?
- The TTM average debt to equity ratio for PSA stock is 1.04.
- What is the 3Y average debt to equity ratio for Public Storage (PSA)?
- The 3Y average debt to equity ratio for PSA stock is 0.92.
- What is the 5Y average debt to equity ratio for Public Storage (PSA)?
- The 5Y average debt to equity ratio for PSA stock is 0.79.
- What is the 10Y average debt to equity ratio for Public Storage (PSA)?
- The 10Y average debt to equity ratio for PSA stock is 0.49.
- What is the 15Y average debt to equity ratio for Public Storage (PSA)?
- The 15Y average debt to equity ratio for PSA stock is 0.35.
- What is the 20Y average debt to equity ratio for Public Storage (PSA)?
- The 20Y average debt to equity ratio for PSA stock is 0.29.
Public Storage Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 1.11 |
| 2024-12-31 | 0.96 |
| 2023-12-31 | 0.91 |
| 2022-12-31 | 0.68 |
| 2021-12-31 | 0.80 |
| 2020-12-31 | 0.30 |
| 2019-12-31 | 0.21 |
| 2018-12-31 | 0.15 |
| 2017-12-31 | 0.16 |
| 2016-12-31 | 0.04 |
| 2015-12-31 | 0.03 |
| 2014-12-31 | 0.01 |
| 2013-12-31 | 0.10 |
| 2012-12-31 | 0.06 |
| 2011-12-31 | 0.05 |
| 2010-12-31 | 0.07 |
| 2009-12-31 | 0.06 |
| 2008-12-31 | 0.07 |
| 2007-12-31 | 0.12 |
| 2006-12-31 | 0.18 |
| 2005-12-31 | 0.03 |
| 2004-12-31 | 0.03 |
| 2003-12-31 | 0.02 |
| 2002-12-31 | 0.03 |
| 2001-12-31 | 0.04 |
| 2000-12-31 | 0.04 |
| 1999-12-31 | 0.05 |
| 1998-12-31 | 0.03 |
| 1997-12-31 | 0.04 |
| 1996-12-31 | 0.05 |
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