Public Storage (PSA)
NYSE: PSA · Real-Time Price · USD
284.00
+1.16 (0.41%)
At close: Oct 1, 2026, 4:00 PM EDT
291.05
+7.05 (2.48%)
Pre-market: Oct 2, 2026, 7:04 AM EDT
Public Storage Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Rental Revenue | 4,536 | 4,515 | 4,489 | 4,461 | 4,432 | 4,413 | 4,396 | 4,388 | 4,357 | 4,313 | 4,260 | 4,195 | 4,144 | 4,061 | 3,946 | 3,787 | 3,601 | 3,404 | 3,204 | 3,033 |
Other Revenue | 374.62 | 356.94 | 344.3 | 334.59 | 326.24 | 325.99 | 319.44 | 310.14 | 301.94 | 295.2 | 285.97 | 280.63 | 277.24 | 285.81 | 343.12 | 303.59 | 309.63 | 301.23 | 444.35 | 274.67 |
| 4,910 | 4,871 | 4,834 | 4,795 | 4,758 | 4,739 | 4,715 | 4,699 | 4,659 | 4,609 | 4,546 | 4,476 | 4,421 | 4,347 | 4,289 | 4,091 | 3,910 | 3,705 | 3,648 | 3,307 | |
Revenue Growth (YoY (YoY) | 3.20% | 2.80% | 2.51% | 2.05% | 2.13% | 2.83% | 3.74% | 4.97% | 5.38% | 6.02% | 5.98% | 9.41% | 13.07% | 17.31% | 17.58% | 23.69% | 24.22% | 22.38% | 21.78% | 11.39% |
Property Expenses | 1,256 | 1,229 | 1,222 | 1,203 | 1,192 | 1,177 | 1,167 | 1,169 | 1,166 | 1,168 | 1,072 | 1,152 | 1,135 | 1,107 | 1,075 | 1,030 | 989.8 | 953.18 | 933.52 | 869.9 |
Selling, General & Administrative | 217.8 | 205.41 | 205.15 | 213.1 | 213.11 | 213.66 | 213.09 | 176.95 | 143.66 | 114.27 | 171.35 | 59.39 | 56.5 | 65.56 | 71.67 | 92 | 105.84 | 104.75 | 75.97 | 108.94 |
Depreciation & Amortization | 1,164 | 1,160 | 1,152 | 1,137 | 1,127 | 1,127 | 1,130 | 1,136 | 1,095 | 1,034 | 970.06 | 909.07 | 891.09 | 887.67 | 888.15 | 866.9 | 834.68 | 788.7 | 713.43 | 649.55 |
Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | -11.66 | - | - | - | 11.66 | - | - | - | - |
Total Operating Expenses | 2,638 | 2,594 | 2,579 | 2,553 | 2,532 | 2,518 | 2,510 | 2,482 | 2,405 | 2,316 | 2,213 | 2,109 | 2,083 | 2,061 | 2,034 | 2,001 | 1,930 | 1,847 | 1,723 | 1,628 |
Operating Income | 2,272 | 2,277 | 2,255 | 2,242 | 2,226 | 2,221 | 2,205 | 2,217 | 2,254 | 2,293 | 2,332 | 2,367 | 2,338 | 2,286 | 2,255 | 2,090 | 1,980 | 1,859 | 1,925 | 1,679 |
Interest Expense | -325.68 | -312.5 | -304.5 | -295.45 | -290.01 | -291.63 | -287.4 | -283.87 | -267.97 | -232.81 | -201.13 | -168.67 | -144.43 | -139.3 | -136.32 | -129.97 | -119.6 | -108.65 | -90.77 | -75.22 |
Interest & Investment Income | 36.27 | 35.74 | 36.62 | 37.59 | 39.49 | 44.33 | 44.78 | 45.04 | 61.32 | 61.6 | 85.59 | 64.14 | 43.77 | 32.55 | 40.57 | 10.36 | 0.49 | -0.62 | 12.31 | -4.31 |
Currency Exchange Gain (Loss) | 58.04 | -105.22 | -215.58 | -91.04 | -162.51 | -3.99 | 102.24 | -91.7 | 26.75 | 13.21 | -51.2 | -119.03 | -66.74 | 36.08 | 98.31 | 275.47 | 216.21 | 101.78 | 111.79 | 27.88 |
Other Non-Operating Income | 16.51 | 17.65 | 22.62 | 20.44 | 21.07 | 19.77 | 18.08 | 18.48 | 16.97 | 17.62 | - | 16.76 | 17.34 | 16.37 | - | 14.38 | 15.21 | 13.45 | - | 16.97 |
EBT Excluding Unusual Items | 2,057 | 1,913 | 1,794 | 1,914 | 1,834 | 1,990 | 2,083 | 1,905 | 2,091 | 2,153 | 2,165 | 2,160 | 2,188 | 2,232 | 2,257 | 2,261 | 2,092 | 1,865 | 1,958 | 1,644 |
Gain (Loss) on Sale of Investments | 8.95 | 4.26 | 3.86 | 3.98 | 0.45 | 2.38 | 4.36 | 4.94 | 2.44 | 1.7 | - | 2.66 | 2,132 | 2,161 | 2,129 | 2,311 | 194.4 | 172.6 | - | 31.6 |
Gain (Loss) on Sale of Assets | 1.25 | 1.45 | 1.11 | 0.82 | 0.87 | 0.71 | 1.54 | 18.52 | 18.05 | 18.05 | 17.18 | 0.09 | 1.5 | 1.5 | 1.5 | 1.5 | 0.28 | 4.27 | 13.68 | 14.06 |
Asset Writedown | -0.31 | -0.52 | -4.35 | -3.95 | -3.83 | -3.83 | - | -11.7 | -11.7 | -11.7 | -11.72 | -7 | -7 | -7 | -7 | - | - | - | - | -0.03 |
Other Unusual Items | -7.66 | -2.57 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Pretax Income | 2,050 | 1,909 | 1,790 | 1,911 | 1,829 | 1,988 | 2,089 | 1,916 | 2,100 | 2,161 | 2,171 | 2,156 | 4,315 | 4,388 | 4,381 | 4,573 | 2,287 | 2,042 | 1,972 | 1,690 |
Income Tax Expense | -7.61 | -7.09 | -7.23 | 6.12 | 5.78 | 4.62 | 4.67 | 8.41 | 8.75 | 9.2 | 10.82 | 22.78 | 19.95 | 17.43 | 14.33 | - | - | - | 12.37 | - |
Earnings From Continuing Operations | 2,057 | 1,916 | 1,797 | 1,905 | 1,824 | 1,984 | 2,084 | 1,908 | 2,091 | 2,151 | 2,160 | 2,133 | 4,295 | 4,370 | 4,366 | 4,573 | 2,287 | 2,042 | 1,960 | 1,690 |
Minority Interest in Earnings | -12.77 | -12.79 | -12.68 | -13.46 | -12.56 | -12.65 | -12.4 | -11.25 | -11.78 | -11.84 | -11.79 | -11.76 | -17.58 | -17.48 | -17.13 | -16.86 | -9.24 | -7.5 | -6.38 | -5.23 |
Net Income | 2,044 | 1,903 | 1,784 | 1,892 | 1,811 | 1,971 | 2,072 | 1,897 | 2,080 | 2,140 | 2,148 | 2,121 | 4,277 | 4,353 | 4,349 | 4,556 | 2,278 | 2,034 | 1,953 | 1,685 |
Preferred Dividends & Other Adjustments | 198.94 | 198.69 | 198.76 | 198.88 | 198.84 | 199.15 | 199.33 | 198.75 | 199.2 | 199.21 | 199.59 | 199.69 | 206.46 | 207.16 | 206.86 | 218.77 | 209.7 | 223.41 | 220.82 | 218.27 |
Net Income to Common | 1,845 | 1,704 | 1,586 | 1,693 | 1,612 | 1,772 | 1,873 | 1,698 | 1,880 | 1,940 | 1,949 | 1,922 | 4,071 | 4,146 | 4,142 | 4,338 | 2,068 | 1,811 | 1,732 | 1,467 |
Net Income Growth (YoY) | 14.46% | -3.81% | -15.33% | -0.29% | -14.26% | -8.69% | -3.90% | -11.64% | -53.80% | -53.20% | -52.95% | -55.70% | 96.85% | 128.95% | 139.10% | 195.78% | 62.68% | 54.63% | 57.73% | 29.39% |
Basic Shares Outstanding | 176 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 176 | 176 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 |
Diluted Shares Outstanding | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 175 |
Shares Change (YoY) | 0.14% | -0.02% | -0.08% | -0.09% | -0.13% | -0.14% | -0.06% | -0.05% | -0.04% | -0.04% | -0.08% | -0.06% | 0.04% | 0.18% | 0.41% | 0.59% | 0.68% | 0.71% | 0.53% | 0.36% |
EPS (Basic) | 10.52 | 9.71 | 9.04 | 9.65 | 9.20 | 10.11 | 10.68 | 9.68 | 10.71 | 11.05 | 11.11 | 10.95 | 23.21 | 23.65 | 23.64 | 24.76 | 11.81 | 10.35 | 9.91 | 8.39 |
EPS (Diluted) | 10.48 | 9.68 | 9.01 | 9.63 | 9.17 | 10.08 | 10.64 | 9.64 | 10.67 | 11.01 | 11.06 | 10.91 | 23.10 | 23.52 | 23.50 | 24.61 | 11.74 | 10.29 | 9.87 | 8.37 |
EPS Growth (YoY) | 14.31% | -3.97% | -15.32% | -0.10% | -14.06% | -8.45% | -3.80% | -11.61% | -53.82% | -53.19% | -52.94% | -55.69% | 96.85% | 128.62% | 138.09% | 193.99% | 61.41% | 53.35% | 56.92% | 28.99% |
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 '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Dividend Per Share | 12.000 | 12.000 | 12.000 | 12.000 | 12.000 | 12.000 | 12.000 | 12.000 | 12.000 | 12.000 | 12.000 | 11.000 | 10.000 | 9.000 | 8.000 | 8.000 | 8.000 | 8.000 | 8.000 | 8.000 |
Dividend Growth (YoY) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9.09% | 20.00% | 33.33% | 50.00% | 37.50% | 25.00% | 12.50% | 0% | 0% | 0% | 0% | 0% | 0% |
Operating Margin | 46.27% | 46.74% | 46.65% | 46.76% | 46.78% | 46.87% | 46.77% | 47.18% | 48.39% | 49.75% | 51.31% | 52.88% | 52.89% | 52.60% | 52.57% | 51.10% | 50.63% | 50.17% | 52.77% | 50.77% |
Profit Margin | 37.58% | 34.98% | 32.80% | 35.31% | 33.88% | 37.39% | 39.71% | 36.14% | 40.36% | 42.10% | 42.87% | 42.93% | 92.07% | 95.37% | 96.58% | 106.03% | 52.89% | 48.87% | 47.49% | 44.34% |
EBITDA | 3,437 | 3,437 | 3,407 | 3,379 | 3,353 | 3,348 | 3,335 | 3,353 | 3,349 | 3,327 | 3,302 | 3,276 | 3,230 | 3,174 | 3,143 | 2,957 | 2,815 | 2,648 | 2,638 | 2,329 |
EBITDA Margin | 69.98% | 70.55% | 70.48% | 70.48% | 70.47% | 70.66% | 70.73% | 71.36% | 71.89% | 72.18% | 72.65% | 73.19% | 73.05% | 73.02% | 73.27% | 72.29% | 71.98% | 71.45% | 72.33% | 70.41% |
D&A For Ebitda | 1,164 | 1,160 | 1,152 | 1,137 | 1,127 | 1,127 | 1,130 | 1,136 | 1,095 | 1,034 | 970.06 | 909.07 | 891.09 | 887.67 | 888.15 | 866.9 | 834.68 | 788.7 | 713.43 | 649.55 |
EBIT | 2,272 | 2,277 | 2,255 | 2,242 | 2,226 | 2,221 | 2,205 | 2,217 | 2,254 | 2,293 | 2,332 | 2,367 | 2,338 | 2,286 | 2,255 | 2,090 | 1,980 | 1,859 | 1,925 | 1,679 |
EBIT Margin | 46.27% | 46.74% | 46.65% | 46.76% | 46.78% | 46.87% | 46.77% | 47.18% | 48.39% | 49.75% | 51.31% | 52.88% | 52.89% | 52.60% | 52.57% | 51.10% | 50.63% | 50.17% | 52.77% | 50.77% |
Funds From Operations (FFO) | 3,038 | 2,900 | 2,780 | 2,873 | 2,779 | 2,931 | 3,026 | 2,838 | 2,978 | 2,978 | 2,924 | 2,853 | 2,868 | 2,919 | 2,901 | 2,952 | 2,765 | 2,483 | 2,346 | 2,149 |
FFO Per Share | 17.25 | 16.49 | 15.81 | 16.33 | 15.80 | 16.66 | 17.19 | 16.12 | 16.91 | 16.91 | 16.60 | 16.20 | 16.28 | 16.56 | 16.46 | 16.75 | 15.70 | 14.11 | 13.36 | 12.26 |
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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.89% | 25.39% | 42.38% | 59.78% | 65.21% |
Effective Tax Rate | - | - | - | 0.32% | 0.32% | 0.23% | 0.22% | 0.44% | 0.42% | 0.43% | 0.50% | 1.06% | 0.46% | 0.40% | 0.33% | - | - | - | 0.63% | - |
Revenue as Reported | 4,890 | 4,859 | 4,824 | 4,786 | 4,749 | 4,722 | 4,696 | 4,678 | 4,634 | 4,581 | 4,518 | 4,446 | 4,391 | 4,303 | 4,182 | 4,018 | 3,825 | 3,622 | 3,416 | 3,240 |