• Public Storage average debt/equity ratio for 2023 was 0.79, a 11.27% increase from 2022.
• Public Storage average debt/equity ratio for 2022 was 0.71, a 20.34% increase from 2021.
• Public Storage average debt/equity ratio for 2021 was 0.59, a 103.45% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.