Public Storage (PSA)

Public Storage Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Rental Revenue	1,140	1,128	1,129	1,139	1,119	1,103	1,100	1,110	1,100	1,086	1,093	1,079	1,056	1,032	1,028	1,027	973.29	917.02	869.72	840.51
Other Revenue	97.88	96.45	91.41	88.88	80.21	83.81	81.69	80.53	79.96	77.27	72.39	72.33	73.22	68.04	67.04	68.94	81.78	76.25	76.61	74.88
Total Revenue	1,238	1,225	1,220	1,228	1,199	1,187	1,182	1,191	1,180	1,163	1,165	1,151	1,129	1,100	1,095	1,096	1,055	993.27	946.33	915.39
Revenue Growth (YoY (YoY)	3.25%	3.18%	3.26%	3.11%	1.63%	2.02%	1.44%	3.44%	4.46%	5.73%	6.35%	4.99%	7.04%	10.77%	15.75%	19.76%	24.07%	26.25%	25.36%	21.12%
Property Expenses	323.34	316.03	309.55	306.96	296.65	308.67	290.36	296.42	281.38	298.94	291.9	294	283.03	293.77	281.4	277.04	255.2	261.01	236.86	236.73
Selling, General & Administrative	60.99	51.43	51.36	54.02	48.6	51.17	59.32	54.02	49.15	50.6	23.17	20.73	19.77	16.96	1.93	23.96	28.83	23.07	22.26	31.68
Depreciation & Amortization	287.76	290.72	295.55	290.36	283.22	282.72	280.89	280.33	283.34	285.2	287.53	238.75	222.13	221.65	226.54	220.77	218.71	222.13	205.29	188.55
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11.66	5.55	-	-	-	-
Total Operating Expenses	672.09	658.18	656.46	651.34	628.47	642.55	630.56	630.77	613.87	634.74	602.59	553.48	524.93	532.38	498.21	527.32	502.74	506.21	464.4	456.97
Operating Income	565.74	566.39	563.87	576.38	570.39	544.26	551.23	559.87	565.82	528.57	562.39	597.56	604.41	567.85	597.18	569	552.33	487.06	481.93	458.42
Interest Expense	-84.78	-80.02	-81.19	-79.69	-71.61	-72.01	-72.14	-74.25	-73.24	-67.78	-68.6	-58.35	-38.08	-36.1	-36.14	-34.11	-32.94	-33.12	-29.79	-23.74
Interest & Investment Income	8.65	7.31	9.97	10.33	8.12	8.19	10.94	12.24	12.96	8.64	11.2	28.52	13.25	11.86	10.52	8.15	2.02	0.14	0.05	0.02
Currency Exchange Gain (Loss)	17.19	41.67	-1.72	0.9	-146.07	-68.7	122.82	-70.57	12.45	37.54	-71.12	47.88	-1.1	-26.86	-138.96	100.17	101.72	35.38	38.2	40.91
Other Non-Operating Income	4.45	0.94	6.59	4.53	5.58	5.92	4.41	5.17	4.28	4.22	4.81	3.66	4.93	4.56	3.61	4.24	3.96	3.24	2.93	3.34
EBT Excluding Unusual Items	511.24	536.3	497.53	512.45	366.42	417.66	617.26	432.45	522.27	511.2	438.67	619.27	583.41	521.3	436.22	647.45	627.1	492.7	493.32	478.95
Gain (Loss) on Sale of Investments	3.78	-0.47	-0.5	6.15	-0.92	-0.87	-0.39	2.63	1.01	1.1	0.2	0.12	0.28	2.22	0.04	2,129	29.8	23.6	128.7	12.4
Gain (Loss) on Sale of Assets	-0.04	0.38	0.4	0.5	0.16	0.05	0.11	0.55	-	0.87	17.09	0.09	-	-	-	1.5	-	-	-	0.28
Asset Writedown	-	-	-0.4	-0.12	-	-3.83	-	-	-	-	-11.7	-	-	-	-7	-	-	-	-	-
Other Unusual Items	-5.1	-2.57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	505.65	530.94	495.33	517.6	364.65	412.22	616.99	435.63	523.28	513.18	444.26	619.48	583.68	523.52	429.26	2,778	656.89	516.3	622.02	491.63
Income Tax Expense	2.72	1.57	-14.73	2.83	3.24	1.43	-1.37	2.49	2.08	1.48	2.36	2.83	2.52	3.11	14.33	-	-	-	-	-
Earnings From Continuing Operations	502.94	529.38	510.06	514.77	361.41	410.79	618.36	433.14	521.21	511.7	441.9	616.64	581.17	520.42	414.93	2,778	656.89	516.3	622.02	491.63
Minority Interest in Earnings	-2.98	-3.1	-2.98	-3.71	-2.99	-3	-3.75	-2.81	-3.08	-2.75	-2.61	-3.35	-3.14	-2.71	-2.57	-9.16	-3.04	-2.35	-2.31	-1.54
Net Income	499.96	526.27	507.08	511.06	358.42	407.79	614.61	430.33	518.13	508.95	439.29	613.3	578.03	517.71	412.36	2,769	653.85	513.94	619.71	490.09
Preferred Dividends & Other Adjustments	49.7	49.49	50.1	49.66	49.45	49.56	50.21	49.62	49.76	49.74	49.64	50.06	49.77	50.12	49.74	56.83	50.47	49.82	61.65	47.76
Net Income to Common	450.26	476.79	456.98	461.41	308.97	358.23	564.4	380.71	468.37	459.21	389.66	563.24	528.26	467.59	362.62	2,712	603.38	464.12	558.06	442.33
Net Income Growth (YoY)	45.73%	33.09%	-19.03%	21.20%	-34.03%	-21.99%	44.84%	-32.41%	-11.34%	-1.79%	7.46%	-79.23%	-12.45%	0.75%	-35.02%	513.16%	74.26%	20.30%	91.01%	79.14%
Basic Shares Outstanding	176	176	175	175	175	175	175	175	175	176	176	175	175	175	175	175	175	175	175	175
Diluted Shares Outstanding	177	176	176	176	176	176	176	176	176	176	176	176	176	176	176	176	176	176	176	176
Shares Change (YoY)	0.34%	-0.01%	-0.04%	0.01%	-0.05%	-0.23%	-0.07%	-0.16%	-0.11%	0.07%	-0.05%	-0.10%	-0.06%	-0.06%	0.04%	0.30%	0.44%	0.86%	0.76%	0.68%
EPS (Basic)	2.56	2.72	2.60	2.63	1.76	2.04	3.22	2.17	2.67	2.61	2.22	3.21	3.01	2.67	2.07	15.47	3.44	2.65	3.19	2.53
EPS (Diluted)	2.55	2.71	2.59	2.62	1.76	2.04	3.21	2.16	2.66	2.60	2.21	3.20	3.00	2.65	2.06	15.38	3.42	2.63	3.17	2.52
EPS Growth (YoY)	45.15%	32.84%	-19.32%	21.30%	-33.84%	-21.54%	45.29%	-32.50%	-11.33%	-1.89%	7.47%	-79.19%	-12.28%	0.76%	-35.08%	510.32%	73.60%	19.03%	89.66%	78.72%

Additional Metrics

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Dividend Per Share	3.000	3.000	3.000	3.000	3.000	3.000	3.000	3.000	3.000	3.000	3.000	3.000	3.000	3.000	2.000	2.000	2.000	2.000	2.000	2.000
Dividend Growth (YoY)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	50.00%	50.00%	50.00%	50.00%	0%	0%	0%	0%	0%	0%
Operating Margin	45.70%	46.25%	46.21%	46.95%	47.58%	45.86%	46.64%	47.02%	47.96%	45.44%	48.27%	51.91%	53.52%	51.61%	54.52%	51.90%	52.35%	49.04%	50.93%	50.08%
Profit Margin	36.38%	38.93%	37.45%	37.58%	25.77%	30.18%	47.76%	31.97%	39.70%	39.47%	33.45%	48.93%	46.78%	42.50%	33.10%	247.39%	57.19%	46.73%	58.97%	48.32%
EBITDA	853.5	857.12	859.41	866.74	853.61	826.97	832.12	840.2	849.16	813.77	849.91	836.31	826.54	789.5	823.72	789.77	771.04	709.19	687.21	646.98
EBITDA Margin	68.95%	69.99%	70.43%	70.60%	71.20%	69.68%	70.41%	70.57%	71.98%	69.95%	72.95%	72.66%	73.19%	71.76%	75.20%	72.04%	73.08%	71.40%	72.62%	70.68%
D&A For Ebitda	287.76	290.72	295.55	290.36	283.22	282.72	280.89	280.33	283.34	285.2	287.53	238.75	222.13	221.65	226.54	220.77	218.71	222.13	205.29	188.55
EBIT	565.74	566.39	563.87	576.38	570.39	544.26	551.23	559.87	565.82	528.57	562.39	597.56	604.41	567.85	597.18	569	552.33	487.06	481.93	458.42
EBIT Margin	45.70%	46.25%	46.21%	46.95%	47.58%	45.86%	46.64%	47.02%	47.96%	45.44%	48.27%	51.91%	53.52%	51.61%	54.52%	51.90%	52.35%	49.04%	50.93%	50.08%
Funds From Operations (FFO)	742.94	772.73	761.58	761.19	604.49	653.18	853.68	667.63	756.14	748.46	666.26	807.01	756.58	694.43	595.12	821.82	807.48	676.2	646.32	635.26
FFO Per Share	4.21	4.39	4.33	4.33	3.44	3.71	4.85	3.80	4.30	4.24	3.78	4.58	4.29	3.94	3.38	4.66	4.58	3.83	3.67	3.61
Adjusted Funds From Operations (AFFO)	742.94	772.73	-	708.55	604.49	653.18	-	566.69	659.76	748.46	-	696.93	672.81	610.86	-	821.82	807.48	584.86	-	635.26
AFFO Per Share	4.21	4.39	-	4.03	3.44	3.71	-	3.22	3.75	4.24	-	3.96	3.82	3.47	-	4.66	4.58	3.32	-	3.61
FFO Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54.30%	55.29%
Effective Tax Rate	0.54%	0.30%	-	0.55%	0.89%	0.35%	-	0.57%	0.40%	0.29%	0.53%	0.46%	0.43%	0.59%	3.34%	-	-	-	-	-
Revenue as Reported	1,233	1,218	1,216	1,224	1,201	1,183	1,177	1,188	1,173	1,157	1,160	1,144	1,120	1,094	1,089	1,088	1,032	973.45	924.32	894.93

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 12, 2026

Data Sources Report a data error