Latest period
$338.28M
YoY change
-31.1%
5Y CAGR
+11.2%
Peak year (2023)
$461.14M
Cumulative CapEx
$7.51B
CapEx history chart for Public Storage (PSA) from 1986 to 2025
Latest: $289.38M
CapEx growth chart for Public Storage (PSA) from 1986 to 2025
Latest: -31.1%
CapEx history table for Public Storage (PSA) from 1986 to 2025
| 2025 | $289.38M | -31.1% | −$130.65M | ||
| 2024 | $420.02M | -8.9% | −$41.11M | ||
| 2023 | $461.14M | +0.3% | +$1.36M | ||
| 2022 | $459.77M | +70.1% | +$189.53M | ||
| 2021 | $270.24M | +59.0% | +$100.24M | ||
| 2020 | $170.00M | -9.2% | −$17.30M | ||
| 2019 | $187.30M | +32.9% | +$46.32M | ||
| 2018 | $140.98M | +16.9% | +$20.39M | ||
| 2017 | $120.59M | -65.7% | −$230.76M | ||
| 2016 | $351.35M | +19.5% | +$57.28M | ||
| 2015 | $294.07M | +32.1% | +$71.54M | ||
| 2014 | $222.53M | +39.2% | +$62.62M | ||
| 2013 | $159.91M | +103.9% | +$81.48M | ||
| 2012 | $78.42M | -11.8% | −$10.52M | ||
| 2011 | $88.94M | -5.6% | −$5.32M | ||
| 2010 | $94.26M | +51.2% | +$31.91M | ||
| 2009 | $62.35M | -18.3% | −$13.96M | ||
| 2008 | $76.31M | -71.1% | −$187.90M | ||
| 2007 | $264.21M | -11.3% | −$33.72M | ||
| 2006 | $297.93M | -18.8% | −$68.76M | ||
| 2005 | $366.69M | +108.7% | +$191.03M | ||
| 2004 | $175.66M | +32.5% | +$43.06M | ||
| 2003 | $132.60M | -16.2% | −$25.62M | ||
| 2002 | $158.22M | -29.1% | −$65.05M | ||
| 2001 | $223.27M | -43.6% | −$172.38M | ||
| 2000 | $395.65M | +14.7% | +$50.76M | ||
| 1999 | $344.90M | +42.1% | +$102.10M | ||
| 1998 | $242.80M | -21.9% | −$68.20M | ||
| 1997 | $311.00M | +17.4% | +$46.10M | ||
| 1996 | $264.90M | +121.3% | +$145.21M | ||
| 1995 | $119.69M | +18.1% | +$18.35M | ||
| 1994 | $101.34M | +38.3% | +$28.04M | ||
| 1993 | $73.30M | +526.5% | +$61.60M | ||
| 1992 | $11.70M | +800.0% | +$10.40M | ||
| 1991 | $1.30M | -38.1% | −$800.00K | ||
| 1990 | $2.10M | +23.5% | +$400.00K | ||
| 1989 | $1.70M | — | +$1.70M | ||
| 1988 | $0.00 | — | $0.00 | ||
| 1987 | $0.00 | — | $0.00 | ||
| 1986 | $0.00 | — | — |
- 2025$289.38M-31.1%
- 2024$420.02M-8.9%
- 2023$461.14M+0.3%
- 2022$459.77M+70.1%
- 2021$270.24M+59.0%
- 2020$170.00M-9.2%
- 2019$187.30M+32.9%
- 2018$140.98M+16.9%
- 2017$120.59M-65.7%
- 2016$351.35M+19.5%
- 2015$294.07M+32.1%
- 2014$222.53M+39.2%
- 2013$159.91M+103.9%
- 2012$78.42M-11.8%
- 2011$88.94M-5.6%
- 2010$94.26M+51.2%
- 2009$62.35M-18.3%
- 2008$76.31M-71.1%
- 2007$264.21M-11.3%
- 2006$297.93M-18.8%
- 2005$366.69M+108.7%
- 2004$175.66M+32.5%
- 2003$132.60M-16.2%
- 2002$158.22M-29.1%
- 2001$223.27M-43.6%
- 2000$395.65M+14.7%
- 1999$344.90M+42.1%
- 1998$242.80M-21.9%
- 1997$311.00M+17.4%
- 1996$264.90M+121.3%
- 1995$119.69M+18.1%
- 1994$101.34M+38.3%
- 1993$73.30M+526.5%
- 1992$11.70M+800.0%
- 1991$1.30M-38.1%
- 1990$2.10M+23.5%
- 1989$1.70M—
- 1988$0.00—
- 1987$0.00—
- 1986$0.00—
CapEx values are taken from Public Storage's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Public Storage (PSA)
According to Public Storage's latest reported financial statements, the company's current CapEx (TTM) is $338.28M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual CapEx for Public Storage (PSA) came in at $289.38M – plunged 31.1% year-over-year.
Public Storage CapEx has grown on net over the period, with a +11.2% compound annual growth rate over 2020–2025 (5 years).
Between 2023 and 2025, Public Storage CapEx plunged 37.2%, falling from $461.14M to $289.38M.
The highest annual CapEx of $461.14M was reported in 2023. The lowest in the available history was $0.00 in 1986.
Public Storage Capital Expenditures by Year
Public Storage Capital Expenditures 2025: $289.38M
Public Storage posted CapEx of $289.38M in 2025, plunged 31.1% below 2024.
Public Storage Capital Expenditures 2024: $420.02M
In 2024, Public Storage reported CapEx of $420.02M, declined 8.9% below 2023.
Public Storage Capital Expenditures 2023: $461.14M
Public Storage CapEx in 2023 was $461.14M, edged up 0.3% from 2022. This figure represents the highest annual value in the available history.
Public Storage Capital Expenditures 2022: $459.77M
2022's CapEx for Public Storage came in at $459.77M, surged 70.1% from 2021.
Public Storage Capital Expenditures 2021: $270.24M
Public Storage CapEx in 2021 was $270.24M.
See more financial history for Public Storage (PSA).
Sector peers by CapEx
Real Estate peers of Public Storage (PSA), ranked by their latest CapEx
| $4.31B | |
| $1.68B | |
| $912.35M | |
| $363.86M | |
| $33.80M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $4.31B
- $1.68B
- $912.35M
- $363.86M
- $33.80M
- $0.00
- $0.00
Frequently asked questions
Public Storage (PSA) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation