Aureus
AExcellent

Public Storage(PSA)

A

Financial data as of Dec 31, 2024Improving · Real Estate

FCF Margin57.7%Free Cash Flow / Revenue
Cash Conversion151.0%Operating CF / Net Income
Free Cash Flow$2.7B
Revenue$4.7B
Net Cash-$8.9BNet debt position
Debt / FCF3.5xElevated debt burden
Current Ratio0.76Tight short-term liquidity
YoY FCF Growth+16.1%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (57.7%, 3.5x)
→
-1Current ratio below 1.0 (0.76)
→
+1Strong YoY FCF growth (16.1% YoY)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (57.7%)
  • Excellent cash conversion (151%)
  • Highly consistent quarterly FCF
  • FCF trend is improving

Concerns

  • Net debt position ($8.9B)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin57.7%
Net Margin44.1%
Operating CF Margin66.6%
CapEx Ratio8.9%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$8.9BNet debt position
Debt / FCF3.5xElevated debt burden
Current Ratio0.76Tight liquidity
Debt / Equity1.74Moderate leverage

Quarterly FCF Trend

+16.1% YoYImproving (+16.1%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NamePublic Storage
SectorReal Estate
Free Cash Flow$2.7B
Revenue$4.7B
Net Income$2.1B
Operating Cash Flow$3.1B
Capital Expenditure$420.0M
FCF Margin57.7%
Cash Conversion Rate151.0%
Net Margin44.1%
Total Debt$9.4B
Total Cash$447.4M
Net Cash-$8.9B
Current Ratio0.76
Debt / Equity1.74
Debt / FCF3.5x
YoY FCF Growth+16.1%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance

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