Public Storage (PSA)
NYSE: PSA · Real-Time Price · USD
340.76
+3.30 (0.98%)
Nov 9, 2026, 2:53 PM EST - Market open
Public Storage Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Rental Revenue | 4,651 | 4,489 | 4,396 | 4,260 | 3,946 | 3,204 |
Other Revenue | 392.34 | 344.3 | 319.44 | 285.97 | 343.12 | 444.35 |
| 5,043 | 4,834 | 4,715 | 4,546 | 4,289 | 3,648 | |
Revenue Growth (YoY | 5.18% | 2.51% | 3.74% | 5.98% | 17.58% | 21.78% |
Property Expenses | 1,297 | 1,222 | 1,167 | 1,072 | 1,075 | 933.52 |
Selling, General & Administrative | 222.14 | 205.15 | 213.09 | 171.35 | 71.67 | 75.97 |
Depreciation & Amortization | 1,287 | 1,152 | 1,130 | 970.06 | 888.15 | 713.43 |
Total Operating Expenses | 2,806 | 2,579 | 2,510 | 2,213 | 2,034 | 1,723 |
Operating Income | 2,238 | 2,255 | 2,205 | 2,332 | 2,255 | 1,925 |
Interest Expense | -348.52 | -304.5 | -287.4 | -201.13 | -136.32 | -90.77 |
Interest & Investment Income | 36.06 | 36.62 | 44.78 | 85.59 | 40.57 | 12.31 |
Currency Exchange Gain (Loss) | 67.01 | -215.58 | 102.24 | -51.2 | 98.31 | 111.79 |
Other Non-Operating Income | -103.07 | 22.62 | 18.08 | - | - | - |
EBT Excluding Unusual Items | 1,889 | 1,794 | 2,083 | 2,165 | 2,257 | 1,958 |
Gain (Loss) on Sale of Investments | 3.34 | 3.86 | 4.36 | - | 2,129 | - |
Gain (Loss) on Sale of Assets | 27.76 | 1.11 | 1.54 | 17.18 | 1.5 | 13.68 |
Asset Writedown | -0.19 | -4.35 | - | -11.72 | -7 | - |
Other Unusual Items | -15.2 | - | - | - | - | - |
Pretax Income | 1,895 | 1,790 | 2,089 | 2,171 | 4,381 | 1,972 |
Income Tax Expense | -25.48 | -7.23 | 4.67 | 10.82 | 14.33 | 12.37 |
Earnings From Continuing Operations | 1,921 | 1,797 | 2,084 | 2,160 | 4,366 | 1,960 |
Minority Interest in Earnings | -20.48 | -12.68 | -12.4 | -11.79 | -17.13 | -6.38 |
Net Income | 1,900 | 1,784 | 2,072 | 2,148 | 4,349 | 1,953 |
Preferred Dividends & Other Adjustments | 203.93 | 198.76 | 199.33 | 199.59 | 206.86 | 220.82 |
Net Income to Common | 1,696 | 1,586 | 1,873 | 1,949 | 4,142 | 1,732 |
Net Income Growth | 0.19% | -15.33% | -3.90% | -52.95% | 139.10% | 57.73% |
Basic Shares Outstanding | 178 | 175 | 175 | 175 | 175 | 175 |
Diluted Shares Outstanding | 178 | 176 | 176 | 176 | 176 | 176 |
Shares Change | 1.46% | -0.08% | -0.06% | -0.08% | 0.41% | 0.53% |
EPS (Basic) | 9.55 | 9.04 | 10.68 | 11.11 | 23.64 | 9.91 |
EPS (Diluted) | 9.51 | 9.01 | 10.64 | 11.06 | 23.50 | 9.87 |
EPS Growth | -1.27% | -15.32% | -3.80% | -52.94% | 138.09% | 56.92% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Dividend Per Share | 12.000 | 12.000 | 12.000 | 12.000 | 8.000 | 8.000 |
Dividend Growth | 0% | 0% | 0% | 50.00% | 0% | 0% |
Operating Margin | 44.37% | 46.65% | 46.77% | 51.31% | 52.57% | 52.77% |
Profit Margin | 33.63% | 32.80% | 39.71% | 42.87% | 96.58% | 47.49% |
EBITDA | 3,524 | 3,407 | 3,335 | 3,302 | 3,143 | 2,638 |
EBITDA Margin | 69.88% | 70.48% | 70.73% | 72.65% | 73.27% | 72.33% |
D&A For Ebitda | 1,287 | 1,152 | 1,130 | 970.06 | 888.15 | 713.43 |
EBIT | 2,238 | 2,255 | 2,205 | 2,332 | 2,255 | 1,925 |
EBIT Margin | 44.37% | 46.65% | 46.77% | 51.31% | 52.57% | 52.77% |
Funds From Operations (FFO) | 3,003 | 2,780 | 3,026 | 2,924 | 2,901 | 2,346 |
FFO Per Share | 16.72 | 15.81 | 17.19 | 16.60 | 16.46 | 13.36 |
Adjusted Funds From Operations (AFFO) | - | 2,780 | 3,026 | 2,924 | 2,901 | 2,346 |
AFFO Per Share | - | 15.81 | 17.19 | 16.60 | 16.46 | 13.36 |
FFO Payout Ratio | - | - | - | - | - | 59.78% |
Effective Tax Rate | - | - | 0.22% | 0.50% | 0.33% | 0.63% |
Revenue as Reported | 5,033 | 4,824 | 4,696 | 4,518 | 4,182 | 3,416 |