PSA
Public Storage
NYSE: PSA · REAL ESTATE · REIT - INDUSTRIAL
$294.09
-1.03% today
Updated 2026-04-29
Market cap
$53.09B
P/E ratio
31.24
P/S ratio
10.90x
EPS (TTM)
$9.68
Dividend yield
4.08%
52W range
$254 – $314
Volume
1.2M
Public Storage (PSA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.34B | $1.38B | $1.32B | $1.61B | $1.74B | $1.84B | $1.96B | $2.18B | $2.38B | $2.56B | $2.67B | $2.76B | $2.86B | $2.92B | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B |
| Revenue growth (YoY) | — | -3.0% | +2.7% | -3.7% | +21.8% | +7.6% | +6.1% | +6.6% | +10.8% | +9.4% | +7.5% | +4.2% | +3.4% | +3.5% | +2.1% | +17.2% | +22.4% | +8.0% | +3.9% | +2.7% |
| Cost of revenue | $498.44M | $657.74M | $15.47M | $520.91M | $528.40M | $560.51M | $555.90M | $559.76M | $613.32M | $635.50M | $669.08M | $707.98M | $757.08M | $813.15M | $867.46M | $920.60M | $1.05B | $1.15B | $1.26B | $3.62B |
| Gross profit | $882.57M | $1.16B | $120.73M | $1.10B | $1.09B | $1.18B | $1.29B | $1.41B | $1.56B | $1.75B | $1.89B | $1.96B | $2.00B | $2.04B | $2.05B | $2.50B | $3.13B | $3.37B | $3.44B | $1.20B |
| Gross margin | 63.9% | 86.3% | 8.8% | 83.2% | 67.3% | 67.7% | 69.8% | 71.5% | 71.8% | 73.3% | 73.9% | 73.5% | 72.6% | 71.5% | 70.2% | 73.0% | 74.8% | 74.6% | 73.2% | 25.0% |
| R&D | $1.78M | — | — | $0.00 | $5.86M | $4.13M | $6.36M | $10.47M | $10.61M | $10.01M | $9.72M | $8.19M | $5.44M | $6.85M | $10.84M | $8.40M | $17.54M | $0.00 | — | — |
| SG&A | $84.66M | $59.75M | $58.70M | $35.73M | $28.94M | $42.73M | $45.71M | $51.50M | $55.99M | $72.80M | $70.08M | $69.89M | $93.83M | $62.15M | $64.04M | $75.97M | $114.74M | $80.63M | $106.68M | $106.68M |
| Operating income | $360.34M | $410.94M | $84.25M | $726.83M | $692.65M | $762.81M | $871.98M | $951.10M | $1.06B | $1.23B | $1.37B | $1.42B | $1.41B | $1.47B | $1.41B | $1.71B | $2.27B | $2.32B | $2.20B | $2.25B |
| Operating margin | 26.1% | 30.7% | 6.1% | 54.9% | 42.9% | 43.9% | 47.3% | 48.4% | 48.5% | 51.7% | 53.7% | 53.3% | 51.2% | 51.4% | 48.4% | 49.9% | 54.4% | 51.3% | 46.9% | 46.7% |
| EBITDA | $797.91M | $1.10B | $498.45M | $1.17B | $1.07B | $1.22B | $1.31B | $1.45B | $1.59B | $1.74B | $1.90B | $1.92B | $2.23B | $2.08B | $1.97B | $2.78B | $3.16B | $3.34B | $3.51B | $3.25B |
| EBITDA margin | 57.8% | 81.9% | 36.2% | 88.3% | 66.5% | 70.0% | 71.0% | 73.9% | 73.2% | 73.2% | 74.1% | 71.8% | 80.9% | 73.0% | 67.6% | 81.3% | 75.6% | 74.0% | 74.7% | 67.3% |
| EBIT | $360.34M | $474.61M | $84.25M | $827.27M | $718.58M | $857.37M | $949.97M | $1.06B | $1.16B | $1.32B | $1.46B | $1.46B | $1.75B | $1.57B | $1.42B | $2.06B | $2.27B | $2.37B | $2.38B | $2.09B |
| Interest expense | $0.00 | $63.67M | $43.94M | $29.92M | $30.23M | $24.22M | $19.81M | $6.44M | $6.80M | $600000.00 | $4.30M | $12.69M | $32.54M | $45.64M | $56.28M | $90.77M | $136.32M | $201.13M | $287.40M | $304.50M |
| Income tax | $44.42M | $16.81M | $-972.25M | $-19.16M | $90.55M | $33.09M | $56.30M | $69.10M | $100.80M | $57.99M | $67.83M | $94.59M | $337.57M | $120.31M | $140.79M | $12.37M | $2.21B | $10.82M | $4.67M | $7.23M |
| Effective tax rate | 12.4% | 3.5% | 2622.7% | -2.3% | 11.9% | 3.9% | 5.7% | 6.2% | 8.1% | 4.2% | 4.5% | 6.2% | 16.5% | 7.3% | 9.4% | 0.6% | 33.7% | 0.5% | 0.2% | 0.4% |
| Net income | $314.03M | $457.54M | $935.18M | $834.62M | $672.04M | $823.84M | $939.26M | $1.05B | $1.14B | $1.31B | $1.45B | $1.44B | $1.71B | $1.52B | $1.36B | $1.95B | $4.35B | $2.15B | $2.07B | $1.78B |
| Net income growth (YoY) | — | +45.7% | +104.4% | -10.8% | -19.5% | +22.6% | +14.0% | +12.1% | +8.7% | +14.6% | +10.9% | -0.8% | +18.6% | -11.1% | -10.7% | +43.9% | +122.7% | -50.6% | -3.6% | -13.9% |
| Profit margin | 22.7% | 34.2% | 68.0% | 63.0% | 41.6% | 47.5% | 51.0% | 53.6% | 52.6% | 55.1% | 56.8% | 54.0% | 62.0% | 53.3% | 46.6% | 57.2% | 104.0% | 47.6% | 44.1% | 37.0% |