Public Storage revenue and financials
$285.23Change from previous close: +1.27%Absolute change: +$3.57
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%.
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.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 868 | 695 | 734 | 875 | 873 | 705 | 769 | 799 | 895 | 666 | 792 | 876 |
| Depreciation and amortization | 288 | 291 | 296 | 290 | 283 | 283 | 281 | 280 | 283 | 285 | 288 | 239 |
| Capital expenditure | -65.1 | -69.5 | -100 | -75.9 | -55.3 | — | — | — | — | — | — | — |
| Investing cash flow | -347 | -147 | -364 | -696 | -338 | -287 | -412 | -213 | -191 | -187 | -490 | -2,501 |
| Financing cash flow | -396 | -731 | -348 | -987 | 283 | — | — | — | — | — | — | — |
| Dividends paid | -576 | -576 | -576 | -576 | -576 | -576 | -576 | -575 | -575 | -577 | -576 | -576 |
| Share repurchases | -0.3 | -2.6 | -5.2 | -0.4 | -0.4 | -2.7 | -6.4 | -0.7 | -200 | -5.3 | -3.9 | -0.6 |
| Debt issued | 167 | 325 | 490 | 0.0 | 867 | — | — | — | 1,151 | — | — | 2,181 |
| Debt repaid | -0.0 | -500 | -251 | -400 | -0.0 | -0.0 | -0.0 | -0.0 | -808 | -0.0 | -0.0 | -0.0 |
| Net change in cash | 125 | -183 | 21.6 | -808 | 817 | -160 | -152 | 25.5 | 271 | -98.2 | -260 | -21.7 |
| Free cash flow | 803 | 625 | 634 | 799 | 817 | — | — | — | — | — | — | — |
| Levered free cash flow | 708 | 560 | 565 | 521 | 712 | 533 | 567 | 668 | 682 | 489 | 799 | 722 |