PSA
Public Storage
NYSE · Real Estate · REIT - Industrial · US
$342.50
+2.73%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 5.0B | 4.8B | 4.7B | 4.5B | 4.2B |
| Cost of Revenue | 2.0B | 3.6B | 1.3B | 1.1B | 1.1B |
| Gross Profit | 3.0B | 1.2B | 3.4B | 3.4B | 3.1B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | 17.5M |
| SG&A Expense | 166.3M | 106.7M | 106.7M | 80.6M | 71.7M |
| General & Admin Expense | 140.0M | 106.7M | 106.7M | 80.6M | 71.7M |
| Selling & Marketing Expense | 26.3M | — | — | — | — |
| Other Expenses | 964.3M | (1.2B) | 1.1B | 970.1M | 870.6M |
| Total Operating Expenses | 1.1B | (1.1B) | 1.2B | 1.1B | 959.8M |
| Cost and Expenses | 3.1B | 2.6B | 2.5B | 2.2B | 2.0B |
| Operating Income (EBIT) | 1.9B | 2.3B | 2.2B | 2.3B | 2.2B |
| Non-Operating | |||||
| Interest Income | 24.5M | 36.6M | 44.7M | 64.8M | 20.8M |
| Interest Expense | 348.5M | 304.5M | 287.4M | 201.1M | 136.3M |
| Net Interest Income | (324.0M) | (267.9M) | (242.7M) | (136.3M) | (115.5M) |
| Other Non-Op Income/Expense | (21.9M) | (464.5M) | (112.1M) | (148.1M) | 2.2B |
| Non-Operating Income (excl Interest) | (168.3M) | 160.0M | (175.3M) | (53.0M) | (2.3B) |
| EBT (Pre-Tax Income) | 1.9B | 1.8B | 2.1B | 2.2B | 4.4B |
| Income Tax Expense | (25.5M) | (7.2M) | 4.7M | 10.8M | 14.3M |
| Bottom Line | |||||
| Net Income | 1.9B | 1.8B | 2.1B | 2.1B | 4.3B |
| Earnings from Cont. Ops | 1.9B | 1.8B | 2.1B | 2.2B | 4.4B |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 1.7B | 1.6B | 1.9B | 1.9B | 4.1B |
| Per Share | |||||
| Basic EPS | $9.58 | $9.04 | $10.68 | $11.11 | $23.64 |
| Diluted EPS | $9.55 | $9.01 | $10.64 | $11.06 | $23.50 |
| Revenue Per Share | $27.33 | $27.50 | $26.78 | $25.75 | $23.86 |
| Shares | |||||
| Basic Shares Outstanding | 184.2M | 175.4M | 175.4M | 175.5M | 175.3M |
| Diluted Shares Outstanding | 185.1M | 175.9M | 176.0M | 176.1M | 176.3M |
| Profitability Metrics | |||||
| EBITDA | 3.4B | 3.2B | 3.5B | 3.3B | 5.4B |
| D&A | 1.3B | 1.2B | 1.1B | 970.1M | 888.1M |
| EBIT | 2.1B | 2.1B | 2.4B | 2.4B | 4.5B |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026