Public Storage (PSA) FY2026 Q2 Statement of Cash Flows
2026-04-01 to 2026-06-30
Statement of Cash Flows
2026-04-01 to 2026-06-30
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Chart details
Public Storage cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026
Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Mar 31, 2026
- 134,609,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 868,437,000 US dollars. Net cash provided.
- Net income
- 502,938,000 US dollars
- Gain on sale of real estate
- 35,000 US dollars
- Depreciation and amortization
- 287,757,000 US dollars
- Equity in earnings of unconsolidated real estate entity
- negative 4,944,000 US dollars
- Distributions from cumulative equity in earnings of unconsolidated real estate entity
- 24,980,000 US dollars
- Unrealized foreign currency exchange (gain) loss
- negative 17,396,000 US dollars
- Share-based compensation expense
- 12,790,000 US dollars
- Impairment (recovery) of real estate investments
- negative 210,000 US dollars
- Amortization of debt issuance costs
- 2,767,000 US dollars
- Unrealized losses on derivatives
- 606,000 US dollars
- Other non-cash adjustments
- 2,628,000 US dollars
- Other assets
- negative 88,304,000 US dollars
- Accrued and other liabilities
- 144,790,000 US dollars
- Investing activities
- negative 346,956,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Proceeds from sale of real estate investments), so Proceeds from disposition of real estate investments cannot be separated for this quarter. It may combine inflows and outflows.
- Capital expenditures to maintain real estate facilities
- negative 42,502,000 US dollars
- Capital expenditures for property enhancements
- negative 8,769,000 US dollars
- Capital expenditures for energy efficiencies (Solar, heat pumps, LED lighting)
- negative 13,781,000 US dollars
- Development and expansion of real estate facilities
- negative 56,015,000 US dollars
- Acquisition of real estate facilities and intangible assets
- negative 222,452,000 US dollars
- Issuance of notes receivable
- negative 30,437,000 US dollars
- Remaining investing cash flows, net (calculated)
- 27,000,000 US dollars
- Financing activities
- negative 396,154,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Net proceeds from revolving line of credit), so Issuance of notes payable, net of issuance costs cannot be separated for this quarter. It may combine inflows and outflows.
- Repayments of notes payable
- negative 34,000 US dollars
- Issuance of common shares in connection with share-based compensation
- 15,811,000 US dollars
- Financing fees paid
- 0 US dollars
- Taxes paid upon net share settlement of restricted share units
- negative 260,000 US dollars
- Acquisition of noncontrolling interests
- 0 US dollars
- Contributions by noncontrolling interests
- 1,013,000 US dollars
- Distributions paid to preferred shareholders, common shareholders, restricted share unitholders and unvested LTIP unitholders
- negative 576,179,000 US dollars
- Distributions paid to noncontrolling interests
- negative 3,965,000 US dollars
- Proceeds from OP Options issued
- 0 US dollars
- Remaining financing cash flows, net (calculated)
- 167,460,000 US dollars
- Operating adjustment reconciliation
- 476,353,000 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 displayed reconciliation
- 580,438,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- investing displayed reconciliation
- 373,956,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- Exchange-rate effect
- 0 US dollars
- Ending cash on Jun 30, 2026
- 259,936,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 1,003,046,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 125,327,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.73×. 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 $365.50M 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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