Public Storage revenue and financials

PSA · NYSE · USD

$285.85+1.49%+$4.19

Close · October 6, 2026

In the fiscal year ended December 2025, Public Storage reported revenue of $4.82B (+2.74% year over year). Net income was $1.78B, a net margin of 37.0%.

Annual revenue · 2025: $4.82B

$2.56B2016
$2.67B2017
$2.76B2018
$2.86B2019
$2.92B2020
$3.42B2021
$4.18B2022
$4.52B2023
$4.7B2024
$4.82B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +2.74%; 2025 vs 2024
Net income growth: −13.88%; 2025 vs 2024
Net margin: 37.0%; 2024: 44.1%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	20,118	19,850	20,209	20,114	20,541	19,615	19,755	19,803	19,789	19,617	19,809	19,876
Current assets	433	277	460	296	1,105	—	—	—	—	—	—	—
Cash and equivalents	260	135	318	296	1,105	287	447	599	542	272	370	630
Receivables	173	143	142	—	—	—	—	—	—	—	—	—
Net property, plant and equipment	18,754	18,679	18,805	18,780	18,431	18,399	18,361	18,232	18,274	18,316	18,387	18,266
Goodwill	166	166	166	166	166	166	166	166	166	166	166	166
Other intangible assets	62.2	67.4	85.8	104	87.6	97.4	116	129	155	186	221	248
Long-term investments	365	384	389	384	388	—	—	—	—	—	—	—
Current liabilities	652	823	613	664	625	—	—	—	—	—	—	—
Long-term debt	10,180	9,707	10,254	10,043	10,440	—	—	—	—	—	—	—
Total debt	10,180	10,032	10,254	10,043	10,440	—	—	—	—	—	—	—
Total liabilities	10,832	10,531	10,867	10,707	11,065	—	—	—	—	—	—	—
Total equity (incl. minority)	9,286	9,320	9,342	9,407	9,476	9,670	9,814	9,710	9,804	10,045	10,107	10,202
Retained earnings	-1,346	-1,269	-1,219	-1,150	-1,085	-867	-699	-737	-593	-336	-268	-131
Minority interest	95.5	95.4	93.7	95.0	104	104	101	100.0	96.4	96.6	93.8	94.2