Public Storage (PSA)财务
NYSE · Real Estate · REIT - Industrial · 员工5,770人 · CEO H. Thomas Boyle
- 股价
- $332.68
- 市值
- $621亿
- 企业价值
- $738亿 数据截至 2026-11-14
- 最近财报
- Q3 '26 2026-10-26提交
- 下次财报
- 2027-02-11 EPS预期 $2.21
营收(TTM)$50.3亿+5.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)38.1%-14.9 百分点 对比去年同期营业利润 $19.2亿
净利润(TTM)$19亿+0.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$27.6亿-11.3% 对比去年同期资本支出 $2.41亿
稀释EPS(TTM)$9.55-0.8% 对比去年同期最近4个季度之和
净现金-$116亿-19.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $621亿 37m 前更新
- 营收
- $50.3亿 过去12个月
- 营收增速
- +7% FY2026年一致预期
- 净利润率
- 37.8% 净利润 / 营收,TTM
- P/E
- 34.8× 预期 36.2×(FY2026)
- P/S
- 12.3× 股价 / 营收,TTM
- EV / EBITDA
- 21.9× TTM
- 自由现金流
- $27.6亿 过去12个月
- 净利润
- $19亿 过去12个月
- 营收预期
- $51.8亿 FY2026年一致预期
- 盈利
- 2027-02-11 营收预估 $13.9亿 · 37m 前更新
- 股息
- $3.00 每次派息 · 2026-12-15
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-26):营收超预期1.9%,EPS 低于预期32.1%营收$13.7亿,预期$13.4亿(+1.9%);EPS $1.69,预期$2.49(-32.1%)。
- 营收增长加速:同比11.6%Q3 '26营收$13.7亿,此前四个季度的平均值为3.0%。
- 营业利润率38.1%(TTM),较去年同期-14.9 百分点营收增长5.2%,营业利润增长-24.4%。
- 资本支出占营收的4.8%(去年为2.2%)最近4个季度投入$2.41亿(同比+133.3%)。自由现金流$27.6亿,相当于净利润的145.5%。
- 股东回报$17.6亿 = 自由现金流的63.8%回购$280万(去年为$0),股息$17.6亿,股权激励$4480万(TTM)。
- 稀释股数一年内增加5.2%Q3 '26稀释股数1.85亿,一年前为1.76亿。
- 净债务 $116亿现金 + 短期投资 $5.6亿,含租赁债务 $122亿;一年前净债务 $97.5亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $13.7亿 | $12.2亿 | +11.6% |
| 毛利率 | 72.4% | 73.0% | -0.6 百分点 |
| 营业利润 | $4.19亿 | $8.64亿 | -51.5% |
| 营业利润率 | 30.7% | 70.6% | -39.9 百分点 |
| 净利润 | $3.67亿 | $5.11亿 | -28.2% |
| 稀释EPS | $1.69 | $2.62 | -35.5% |
| 经营现金流 | $7.09亿 | $8.75亿 | -19.0% |
| 资本支出 | $1.41亿 | -$1.13亿 | +224.0% |
| 自由现金流 | $5.68亿 | $9.88亿 | -42.5% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1050万 | $946万 | +11.4% |
实际 vs 一致预期
2026-10-26| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $13.7亿 | $13.4亿 | +1.9% |
| EPS(一致预期口径) | $1.69 | $2.49 | -32.1% |
来自2026-10-26发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占所列项目比例 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Self Storage Operations | $12.5亿 | +10.1% | 91.8% | $46.5亿 | – | |
| Ancillary Operations | $1.12亿 | +31.5% | 8.2% | $3.82亿 | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营业利润 | 同比 | TTM营业利润 |
|---|---|---|---|
| Self Storage Operations | $9.21亿 | +9.1% | $34.1亿 |
| Ancillary Operations | $6840万 | +40.1% | $2.35亿 |
各分部营业利润
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $30.1亿
- 资本支出
- -$2.41亿
- 股票回购
- -$280万
- 股息
- -$17.6亿
- 收购
- -$16.4亿
- 债务净发行
- $19.1亿
- 股权激励费用
- $4480万
- 自由现金流
- $27.6亿
- 股东回报 / FCF
- 63.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 34.8× | 26.8× | 11.9× – 37.8× |
| EV / EBITDA | 21.9× | 17.9× | 10.2× – 26.0× |
| EV / 营收 | 14.7× | 14.5× | 11.5× – 21.1× |
| 股价 / FCF | 22.5× | 20.3× | 15.7× – 28.8× |
| 股价 / 净资产 | 4.2× | 5.5× | 4.9× – 7.0× |
| FCF收益率 | 4.4% | 5.1% | 3.5% – 6.4% |
| 投入资本回报率 | 6.7% | 11.5% | 10.0% – 12.7% |
| 净资产收益率 | 18.0% | 25.2% | 19.3% – 43.2% |
分析师
一致目标价 $323.38 (-2.8%)
区间 $294.00 – $351.00 · 评级 Hold
强烈买入1
买入10
持有23
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $51.8亿 | +7.3% | $9.19 | +2.0% | 36.2× | 5 |
| FY2027 | $56.6亿 | +9.4% | $9.11 | -0.9% | 36.5× | 6 |
| FY2028 | $58.9亿 | +4.1% | $9.61 | +5.5% | 34.6× | 7 |
| FY2029 | $65.5亿 | +11.1% | $9.76 | +1.6% | 34.1× | 2 |
| FY2030 | $73.7亿 | +12.5% | $10.54 | +8.0% | 31.6× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Public Storage在近期10-Q / 10-K文件中标记的全部229项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accrued Liabilities | $10亿 | $6.64亿 | +50.9% | $6.13亿 | $5.88亿 | +4.2% |
| 累计其他综合收益(亏损) | $185万 | -$4840万 | +103.8% | -$4780万 | -$7200万 | +33.6% |
| Additional Paid in Capital | $114亿 | $61.4亿 | +84.9% | $61.5亿 | $61.2亿 | +0.5% |
| Amortization of Debt Issuance Costs | $320万 | $264万 | +21.4% | $1030万 | $973万 | +6.4% |
| 无形资产摊销 | $1550万2026-06-30 | $2050万 | -24.4% | $9400万 | $1.18亿 | -20.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 338万 | 57.2万 | +490.6% | 57.2万 | 13.9万 | +312.4% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1180万 | $1040万 | +13.5% | $4350万 | $4930万 | -11.7% |
| 总资产 | $290亿 | $201亿 | +44.2% | $202亿 | $198亿 | +2.3% |
| Business Acquisition, Pro Forma Net Income (Loss) | – | – | – | $10.8亿2013-12-31 | $9.02亿 | +19.6% |
| Business Acquisition, Pro Forma Revenue | – | – | – | $20.5亿2013-12-31 | $19.3亿 | +6.6% |
| Business Combination, Integration Related Costs | $1.15亿 | $0 | – | – | – | – |
| 现金及现金等价物 | $5.6亿 | $2.96亿 | +89.0% | $3.18亿 | $4.47亿 | -28.9% |
| 现金、现金等价物及受限现金 | $5.6亿 | $2.96亿 | +89.0% | $3.18亿 | $4.47亿 | -28.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3亿 | -$8.08亿 | +137.2% | -$1.29亿 | $4700万 | -374.9% |
| Commercial Paper | $2亿 | – | – | – | – | – |
| 每股宣派股利 | $3.00 | $3.00 | 0.0% | $12.00 | $12.00 | 0.0% |
| Common Stock, Par or Stated Value Per Share | $0.10 | $0.10 | 0.0% | $0.10 | $0.10 | 0.0% |
| 法定普通股 | 6.5亿 | 6.5亿 | 0.0% | 6.5亿 | 6.5亿 | 0.0% |
| 已发行普通股 | 1.87亿 | 1.75亿 | +6.5% | 1.76亿 | 1.75亿 | +0.1% |
| 普通股面值 | $1870万 | $1750万 | +6.5% | $1760万 | $1750万 | +0.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $1260万 | $371万 | +239.9% | $1270万 | $1240万 | +2.8% |
| 综合收益(亏损) | $4.15亿 | $5.04亿 | -17.8% | $18.1亿 | $20.7亿 | -12.5% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.27亿 | $5.08亿 | -15.9% | $18.2亿 | $20.8亿 | -12.4% |
| Construction in Progress Expenditures Incurred but Not yet Paid | $312万 | -$2230万 | +114.0% | $1910万 | $4720万 | -59.5% |
| Contractual Obligation | $1.71亿 | $1.56亿 | +9.6% | $1.69亿 | $1.95亿 | -13.1% |
| Contractual Obligation, to be Paid, Remainder of Fiscal Year | $1700万 | $2920万 | -41.8% | – | – | – |
| Contractual Obligation, to be Paid, Year One | $1.35亿 | $1.23亿 | +9.8% | $1.55亿 | $1.66亿 | -6.5% |
| Contractual Obligation, to be Paid, Year Two | $1910万 | $400万 | +377.5% | $1410万 | $2880万 | -51.0% |
| Costs and Expenses | $10.5亿 | $7.33亿 | +43.2% | $28.9亿 | $28亿 | +3.4% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $8040万 | $5320万 | +51.1% | $5660万 | $5230万 | +8.1% |
| Debt, Weighted Average Interest Rate | 3.6% | 3.0% | +20.0% | 3.2% | 3.1% | +3.2% |
| 折旧 | $3.13亿 | $2.63亿 | +19.0% | $10.5亿 | $10亿 | +4.4% |
| 折旧、损耗及摊销 | $4.13亿 | $2.9亿 | +42.1% | $11.5亿 | $11.3亿 | +2.0% |
| Development in Process | $3.22亿 | $2.68亿 | +20.3% | $1.94亿 | $3.08亿 | -36.9% |
| Dilutive Securities, Effect on Basic Earnings Per Share | $80.4万 | $0 | – | – | – | – |
| Dividends | $5.61亿2026-08-04 | – | – | – | – | – |
| Dividends Payable | $5.83亿 | – | – | – | – | – |
| Dividends Payable, Amount Per Share | $3.002026-08-04 | – | – | – | – | – |
| Dividends, Preferred Stock | $5410万 | $4870万 | +11.0% | $1.95亿 | $1.95亿 | 0.0% |
| Dividends, Preferred Stock, Cash | $4870万2026-06-30 | $4870万 | 0.0% | $1.95亿 | $1.95亿 | 0.0% |
| 基本每股收益 | $1.70 | $2.63 | -35.4% | $9.04 | $10.68 | -15.4% |
| 稀释每股收益 | $1.69 | $2.62 | -35.5% | $9.01 | $10.64 | -15.3% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $3.76亿 | $4.39亿 | -14.3% |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | – | – | – | $867万 | $2440万 | -64.4% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | – | – | – | 0.5% | 1.2% | -58.3% |
| Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount | – | – | – | $178万 | $156万 | +13.6% |
| Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent | – | – | – | 0.1% | 0.1% | 0.0% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount | – | – | – | -$1030万 | -$613万 | -68.6% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent | – | – | – | -0.6% | -0.3% | -100.0% |
| 实际所得税率 | – | – | – | -0.4% | 0.2% | -300.0% |
| Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount | – | – | – | $695万 | $269万 | +158.3% |
| Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | – | – | – | 0.4% | 0.1% | +300.0% |
| Effective Income Tax Rate Reconciliation, Tax Credit, Amount | – | – | – | $1660万 | $1780万 | -6.7% |
| Effective Income Tax Rate Reconciliation, Tax Credit, Percent | – | – | – | 0.9% | 0.9% | 0.0% |
| Equity Method Investment, Underlying Equity in Net Assets | $1.52亿 | – | – | – | – | – |
| Equity Method Investments | $8.83亿 | – | – | – | – | – |
| Financing Receivable, after Allowance for Credit Loss | $4.45亿 | – | – | $1.42亿 | $998万 | +1,324.5% |
| Finite-Lived Intangible Asset, Expected Amortization, after Year Five | $302万2025-12-31 | $328万 | -7.9% | $302万 | $328万 | -7.9% |
| Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year | $1.27亿 | $2250万 | +464.0% | – | – | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-14