Public Storage (PSA)
NYSE: PSA · Real-Time Price · USD
297.74
-2.17 (-0.72%)
Mar 12, 2026, 4:00 PM EDT - Market closed
Public Storage Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Property Revenue | 4,489 | 4,396 | 4,260 | 3,946 | 3,204 |
Service and Other Revenue | 334.7 | 299.62 | 258.08 | 236.14 | 212.26 |
| 4,824 | 4,696 | 4,518 | 4,182 | 3,416 | |
Revenue Growth (YoY) | 2.74% | 3.94% | 8.02% | 22.43% | 17.18% |
Property Expenses | 1,177 | 1,137 | 1,062 | 980.21 | 852.03 |
Service and Other Expenses | 132.94 | 121.28 | 86 | 72.7 | 68.57 |
Total Property Expenses | 1,310 | 1,258 | 1,148 | 1,053 | 920.6 |
Gross Profit | 3,514 | 3,438 | 3,370 | 3,129 | 2,495 |
Selling, General & Admin | 106.68 | 106.68 | 80.63 | 71.67 | 75.97 |
Depreciation & Amortization Expenses | 1,152 | 1,130 | 970.06 | 888.15 | 713.43 |
Other Operating Expenses | 19.55 | 15.51 | 26.45 | 28.74 | 12.92 |
Operating Income | 2,236 | 2,186 | 2,293 | 2,141 | 1,693 |
Net Gains on Disposal of Properties | 1.11 | 1.54 | 17.18 | 1.5 | 13.68 |
Interest Income | 72.7 | 87.03 | 113.49 | 147.55 | 244.4 |
Interest Expense | -304.5 | -287.4 | -201.13 | -136.32 | -90.77 |
Other Non-Operating Income (Expense) | -215.58 | 102.24 | -51.2 | 2,227 | -111.79 |
Total Non-Operating Income (Expense) | -446.26 | -96.59 | -121.66 | 2,240 | 55.52 |
Pretax Income | 1,790 | 2,089 | 2,171 | 4,381 | 1,748 |
Provision for Income Taxes | -7.23 | 4.67 | 10.82 | 14.33 | 12.37 |
Net Income | 1,586 | 1,873 | 1,949 | 4,142 | 1,732 |
Minority Interest in Earnings | 16.74 | 17.02 | 16.68 | 29.6 | 11.7 |
Net Income Attributable to Preferred Dividends | 194.7 | 194.7 | 194.7 | 194.39 | 215.49 |
Net Income to Common | 1,586 | 1,873 | 1,949 | 4,142 | 1,732 |
Net Income Growth | -15.33% | -3.90% | -52.95% | 139.10% | 57.73% |
Shares Outstanding (Basic) | 175 | 175 | 175 | 175 | 175 |
Shares Outstanding (Diluted) | 176 | 176 | 176 | 176 | 176 |
Shares Change (YoY) | -0.08% | -0.06% | -0.08% | 0.41% | 0.53% |
EPS (Basic) | 9.04 | 10.68 | 11.11 | 23.64 | 9.91 |
EPS (Diluted) | 9.01 | 10.64 | 11.06 | 23.50 | 9.87 |
EPS Growth | -15.32% | -3.80% | -52.94% | 138.09% | 56.92% |
Free Cash Flow | 1,641 | 2,114 | 1,948 | 1,586 | -3,056 |
Free Cash Flow Growth | -22.38% | 8.52% | 22.82% | - | - |
Free Cash Flow Per Share | 9.33 | 12.01 | 11.06 | 9.00 | -17.41 |
Dividends Per Share | 12.000 | 12.000 | 12.000 | 8.000 | 8.000 |
Dividend Growth | - | - | 50.00% | - | - |
Gross Margin | 72.85% | 73.21% | 74.59% | 74.82% | 73.05% |
Operating Margin | 46.35% | 46.55% | 50.75% | 51.19% | 49.56% |
Profit Margin | 37.25% | 44.39% | 47.81% | 104.40% | 50.82% |
FCF Margin | 34.01% | 45.02% | 43.12% | 37.92% | -89.46% |
EBITDA | 3,388 | 3,315 | 3,263 | 3,029 | 2,406 |
EBITDA Margin | 70.23% | 70.61% | 72.22% | 72.42% | 70.45% |
EBIT | 2,236 | 2,186 | 2,293 | 2,141 | 1,693 |
EBIT Margin | 46.35% | 46.55% | 50.75% | 51.19% | 49.56% |
Effective Tax Rate | -0.40% | 0.22% | 0.50% | 0.33% | 0.71% |
Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.