Public Storage (PSA) Stock Buyback History
TTM buyback yield 0.01% · Shareholder yield (TTM) 0.01%.
TTM buyback yield
0.01%
Shareholder yield (TTM)
0.01%
5Y share count change
0.7%
TTM buyback spend
$2.80M
SBC coverage (TTM)
0.07x
YoY change in spend
-100.0%
5Y CAGR of spend
N/A
Peak year (2001)
$718.19M
Cumulative spend
$2.47B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Public Storage (PSA) repurchased about $2.80M of stock over the trailing twelve months.
- Diluted share count is roughly flat (0.7%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 0.07× — repurchases only partially offset SBC dilution.
- TTM repurchases used about 2% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $0.00 | $39.90M | −$39.90M | 0.18B | -0.1% | — |
| 2024 | $200.00M | $44.75M | $155.25M | 0.18B | -0.1% | 0.38% |
| 2023 | $0.00 | $41.57M | −$41.57M | 0.18B | -0.1% | — |
| 2022 | $0.00 | $56.70M | −$56.70M | 0.18B | 0.4% | — |
| 2021 | $0.00 | $59.81M | −$59.81M | 0.18B | 0.5% | — |
| 2020 | $0.00 | $33.36M | −$33.36M | 0.17B | 0.1% | — |
| 2019 | $0.00 | $25.83M | −$25.83M | 0.17B | 0.1% | — |
| 2018 | $0.00 | $69.94M | −$69.94M | 0.17B | 0.1% | — |
| 2017 | $0.00 | $37.55M | −$37.55M | 0.17B | 0.2% | — |
| 2016 | $0.00 | $37.48M | −$37.48M | 0.17B | 0.2% | — |
| 2015 | $0.00 | $32.57M | −$32.57M | 0.17B | 0.2% | — |
| 2014 | $0.00 | $29.54M | −$29.54M | 0.17B | 0.3% | — |
| 2013 | $0.00 | $0.00 | $0.00 | 0.17B | 0.6% | — |
| 2012 | $0.00 | $0.00 | $0.00 | 0.17B | 0.5% | — |
| 2011 | $0.00 | $0.00 | $0.00 | 0.17B | 0.6% | — |
| 2010 | $478.32M | $0.00 | $478.32M | 0.17B | 0.6% | 2.79% |
| 2009 | $0.00 | $0.00 | $0.00 | 0.17B | -0.1% | — |
| 2008 | $186.49M | $22.98M | $163.51M | 0.17B | -0.7% | 1.39% |
| 2007 | $0.00 | $7.86M | −$7.86M | 0.17B | 18.4% | — |
| 2006 | $0.00 | $0.00 | $0.00 | 0.14B | 11.6% | — |
| 2005 | $4.99M | $0.00 | $4.99M | 0.13B | 0.1% | 0.06% |
| 2004 | $336.63M | $0.00 | $336.63M | 0.13B | 1.7% | 4.70% |
| 2003 | $93.54M | $0.00 | $93.54M | 0.13B | 1.6% | 1.70% |
| 2002 | $196.04M | $0.00 | $196.04M | 0.12B | 0.8% | 4.90% |
| 2001 | $718.19M | $0.00 | $718.19M | 0.12B | -6.1% | 17.86% |
| 2000 | $77.80M | $0.00 | $77.80M | 0.13B | 3.9% | — |
| 1999 | $108.60M | $0.00 | $108.60M | 0.13B | 10.8% | — |
| 1998 | $72.30M | $0.00 | $72.30M | 0.11B | 15.4% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.10B | 28.4% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.08B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1988 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1987 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1986 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Public Storage (PSA) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Public Storage (PSA)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Public Storage (PSA)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $0 | -100.0% | -$200.00M | ||
| 2024 | $200.00M | — | +$200.00M | ||
| 2023 | $0 | — | $0 | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | — | $0 | ||
| 2020 | $0 | — | $0 | ||
| 2019 | $0 | — | $0 | ||
| 2018 | $0 | — | $0 | ||
| 2017 | $0 | — | $0 | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | -100.0% | -$478.32M | ||
| 2010 | $478.32M | — | +$478.32M | ||
| 2009 | $0 | -100.0% | -$186.49M | ||
| 2008 | $186.49M | — | +$186.49M | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | -100.0% | -$4.99M | ||
| 2005 | $4.99M | -98.5% | -$331.64M | ||
| 2004 | $336.63M | +259.9% | +$243.09M | ||
| 2003 | $93.54M | -52.3% | -$102.51M | ||
| 2002 | $196.04M | -72.7% | -$522.14M | ||
| 2001 | $718.19M | +823.1% | +$640.39M | ||
| 2000 | $77.80M | -28.4% | -$30.80M | ||
| 1999 | $108.60M | +50.2% | +$36.30M | ||
| 1998 | $72.30M | — | +$72.30M | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | $0 | ||
| 1988 | $0 | — | $0 | ||
| 1987 | $0 | — | $0 | ||
| 1986 | $0 | — | — |
The 2025 reading of Public Storage (PSA) buyback spend is $0 – plunged 100.0% year-over-year.
Public Storage buyback spend plunged from $718.19M in 2001 to $0 in 2025, a 100.0% drawdown.
The dataset's maximum buyback spend sits at $718.19M (2001); the minimum reading of $0 dates to 1986.
Within Real Estate, Public Storage (PSA) ranks 3rd among 8 peers we track. The peer median for buyback spend is $0.
Public Storage Buyback Spend 2025: $0
Public Storage buyback spend in 2025 was $0, plunged 100.0% below 2024.
Public Storage Buyback Spend 2024: $200.00M
Public Storage buyback spend in 2024 was $200.00M.
Public Storage Buyback Spend 2023: $0
Public Storage buyback spend in 2023 was $0.
Public Storage Buyback Spend 2022: $0
Public Storage buyback spend in 2022 was $0.
Public Storage Buyback Spend 2021: $0
Public Storage buyback spend in 2021 was $0.
See more financial history for Public Storage (PSA).
Sector peers by buyback spend
Companies in the same sector as Public Storage, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| American Tower (AMT) | $364.60M | Real Estate |
| Simon Property Group (SPG) | $227.15M | Real Estate |
| Welltower (WELL) | $0 | Real Estate |
| Prologis (PLD) | $0 | Real Estate |
| Equinix (EQIX) | $0 | Real Estate |
| Digital Realty Trust (DLR) | $0 | Real Estate |
| Realty Income (O) | $0 | Real Estate |
| Ventas (VTR) | $0 | Real Estate |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.07×.
Capital allocation mix
How Public Storage splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $185.07M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Public Storage's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Public Storage buy back its own stock?
Yes, Public Storage (PSA) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Public Storage spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $2.80M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Public Storage's buyback yield?
TTM buyback yield is about 0.01% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Public Storage's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 0.01% combined (TTM-based where available).
Is Public Storage diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Public Storage's share count changed?
Diluted weighted average shares changed by about 0.7% over roughly five fiscal years (annual income statement data).
What is Public Storage's buyback spend?
Latest reported buyback spend for Public Storage (PSA) is $2.80M (period ending March 31, 2026).
How has Public Storage buyback spend changed year-over-year?
Public Storage (PSA) buyback spend changed -100.0% year-over-year on the latest annual filing.
When did Public Storage buyback spend hit its highest annual value?
Public Storage buyback spend reached its highest annual value of $718.19M in 2001.
What was Public Storage buyback spend in 2024?
Public Storage (PSA) buyback spend in 2024 was $200.00M.
What was Public Storage buyback spend in 2025?
Public Storage (PSA) buyback spend in 2025 was $0.
Explore more
PSA Overview
Company profile, financial tools, and key metrics
PSA Revenue Counter
Earns $154.07 every second. See per minute, hour, and day.
PSA Earnings Counter
Earns $60.34 per second net profit. See per minute, hour, and day.
PSA Economic Scale
Exceeds Liberia's GDP. Compare with world economies.
PSA What If Invested
What if you had invested $1,000? See historical returns from any date.
PSA How It Makes Money
Discover visual breakdown of $4.86B in revenue — where it comes from and where it goes.
PSA Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
PSA Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
PSA Daily Price Character
Steady · 45.5% historical win rate (green days). Streaks & record days.
PSA Dividend Profile
Yield: 3.96%. Safety: 4/8. See full history.
PSA Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
PSA Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
PSA Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
PSA Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.