Public Storage (PSA) FY2026 Q1 Statement of Cash Flows
2026-01-01 to 2026-03-31
Statement of Cash Flows
2026-01-01 to 2026-03-31
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Chart details
Public Storage cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026
Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 318,095,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 694,801,000 US dollars. Net cash provided.
- Net income
- 529,375,000 US dollars
- Gain on sale of real estate
- negative 379,000 US dollars
- Depreciation and amortization
- 290,723,000 US dollars
- Equity in earnings of unconsolidated real estate entity
- negative 6,836,000 US dollars
- Distributions from cumulative equity in earnings of unconsolidated real estate entity
- 498,000 US dollars
- Unrealized foreign currency exchange (gain) loss
- negative 41,926,000 US dollars
- Share-based compensation expense
- 11,888,000 US dollars
- Impairment of real estate investments
- 0 US dollars
- Amortization of debt issuance costs
- 2,676,000 US dollars
- Unrealized losses on derivatives
- 5,251,000 US dollars
- Other non-cash adjustments
- 215,000 US dollars
- Other assets
- 20,719,000 US dollars
- Accrued and other liabilities
- negative 117,403,000 US dollars
- Investing activities
- negative 147,325,000 US dollars. Net cash used.
- Capital expenditures to maintain real estate facilities
- negative 44,027,000 US dollars
- Capital expenditures for property enhancements
- negative 9,794,000 US dollars
- Capital expenditures for energy efficiencies (LED lighting, solar, heat pumps)
- negative 15,687,000 US dollars
- Development and expansion of real estate facilities
- negative 57,713,000 US dollars
- Acquisition of real estate facilities and intangible assets
- negative 20,778,000 US dollars
- Issuance of notes receivable
- 0 US dollars
- Proceeds from sale of real estate investments
- 674,000 US dollars
- Financing activities
- negative 730,962,000 US dollars. Net cash used.
- Repayments of notes payable
- negative 500,034,000 US dollars
- Net proceeds from revolving line of credit
- 325,000,000 US dollars
- Issuance of common shares in connection with share-based compensation
- 7,828,000 US dollars
- Financing fees paid
- negative 4,000,000 US dollars
- Taxes paid upon net share settlement of restricted share units
- negative 2,600,000 US dollars
- Acquisition of noncontrolling interests
- negative 7,482,000 US dollars
- Contributions by noncontrolling interests
- 856,000 US dollars
- Distributions paid to preferred shareholders, common shareholders, restricted share unitholders and unvested LTIP unitholders
- negative 576,155,000 US dollars
- Distributions paid to noncontrolling interests
- negative 4,375,000 US dollars
- Proceeds from OP Options issued
- 30,000,000 US dollars
- Operating adjustment reconciliation
- 331,970,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,094,646,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 147,999,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 0 US dollars
- Ending cash on Mar 31, 2026
- 134,609,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 1,012,896,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 183,486,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.31×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $165.43M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
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