Public Storage
Public Storage returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
ROCE
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 19.88% | 10.06% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 18.14% | 9.64% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 16.72% | 8.93% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 17.89% | 9.48% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 16.9% | 8.98% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 18.16% | 10.05% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 18.99% | 10.47% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 17.22% | 9.56% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 19.02% | 11.14% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 19.41% | 11.53% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 19.4% | 11.5% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 19.09% | 11.37% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 40.66% | 24.15% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 41.99% | 24.73% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 42.69% | 24.9% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 45.55% | 27.84% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 22.12% | 14.08% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 19.79% | 13.71% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 19.36% | 13.38% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 16.81% | 12.63% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 14.33% | 11.32% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 13.3% | 11.96% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 12.47% | 11.71% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 13.17% | 12.22% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 13.78% | 12.49% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 14.2% | 13.4% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 14% | 13.64% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 16.7% | 15.54% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 16.54% | 15.61% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 16.73% | 16.11% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 16.49% | 15.8% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 14.5% | 14.09% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 13.86% | 14.19% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 12.91% | 13.91% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 12.77% | 13.83% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 13.23% | 14.24% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 13.64% | 14.53% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 13.29% | 14.71% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 12.74% | 14.6% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 12.45% | 14.4% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 12.2% | 14.03% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 11.81% | 13.58% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 11.29% | 13.38% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 11.23% | 13.45% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 10.69% | 12.77% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 10.37% | 12.34% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 9.94% | 11.62% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 9.62% | 11.67% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 9.63% | 11.41% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 9.68% | 11.39% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 10.01% | 11.27% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 9.49% | 11.16% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 9.26% | 11.03% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 8.29% | 10.22% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 8.18% | 10.6% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 7.48% | 9.67% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 6.47% | 8.84% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 7.21% | 8.75% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 6.62% | 8.94% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 8.37% | 8.46% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 9.74% | 8.93% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 8.67% | 7.92% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | 7.63% | 6.96% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 7.62% | 6.88% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | 7.67% | 6.93% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · PSA, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.