Public Storage (PSA) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Public Storage reported revenue of $4.82B, up 2.7% from $4.70B the year before. Net income was $1.78B (a 37.0% net margin), or $9.01 per diluted share. Gross margin was 40.0% and operating margin was 37.8%. Operating activities generated $3.19B of cash. At fiscal year end, Public Storage held $20.21B in total assets against $10.87B in total liabilities, including $318.1M of cash and equivalents.
Open the full interactive Public Storage financials → Quarterly statements, key ratios, valuation history and price charts.
Public Storage Key Stats
| Share Price | $288.39 |
|---|---|
| Market Cap | $50.90B |
| P/E Ratio | 32.0 |
| Revenue YoY Growth | +2.7% |
| 52-Week Range | $250.91 – $327.11 |
| Shares Outstanding | 175.6 million (basic, 2026 Q2) |
Public Storage Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.92B | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B |
| Cost of Goods Sold | $1.56B | $1.83B | $2.19B | $2.43B | $2.80B | $2.89B |
| Gross Profit | $1.35B | $1.59B | $1.99B | $2.09B | $1.90B | $1.93B |
| Operating Income | $718.4M | $775.1M | $1.88B | $2.01B | $1.79B | $1.82B |
| Pre-Tax Income | $1.36B | $1.95B | $4.35B | $2.17B | $2.09B | $1.79B |
| Income Tax | — | — | — | $10.8M | $4.7M | -$7.2M |
| Net Income | $1.36B | $1.95B | $4.35B | $2.15B | $2.07B | $1.78B |
| Diluted EPS | $6.29 | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 |
Public Storage Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.22B | $1.22B | $1.22B | $1.23B |
| Net Income | $511.1M | $507.1M | $526.3M | $500.0M |
| Diluted EPS | $2.62 | $2.88 | $2.71 | $2.55 |
Public Storage Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $257.6M | $734.6M | $775.3M | $370.0M | $447.4M | $318.1M |
| Total Assets | $11.82B | $17.38B | $17.55B | $19.81B | $19.75B | $20.21B |
| Total Long-Term Debt | $2.54B | $7.48B | $6.87B | $9.10B | $9.35B | $10.25B |
| Total Liabilities | $3.24B | $7.96B | $7.39B | $9.70B | $9.94B | $10.87B |
| Shareholders' Equity | $8.56B | $9.34B | $10.07B | $10.01B | $9.71B | $9.25B |
Public Storage Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.04B | $2.54B | $3.12B | $3.25B | $3.13B | $3.19B |
| Cash From Investing | -$1.12B | -$5.56B | $1.12B | -$3.54B | -$1.00B | -$1.69B |
| Cash From Financing | -$1.08B | $3.50B | -$4.19B | -$112.9M | -$2.08B | -$1.63B |
Figures from Public Storage's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Public Storage financials page for every line item.
Public Storage Company Profile
| Ticker | PSA |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Frisco, Texas |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001393311 |
Frequently Asked Questions
What was Public Storage's revenue in fiscal 2025?
Public Storage (PSA) reported revenue of $4.82B for fiscal 2025.
What is Public Storage's annual revenue history?
Public Storage's annual revenue by fiscal year: 2020: $2.92B; 2021: $3.42B; 2022: $4.18B; 2023: $4.52B; 2024: $4.70B; 2025: $4.82B.
What was Public Storage's net income in fiscal 2025?
Public Storage reported net income of $1.78B for fiscal 2025.
What was Public Storage's earnings per share (EPS) in fiscal 2025?
Public Storage's diluted EPS was $9.01 for fiscal 2025 (adjusted for any later stock splits).
What was Public Storage's revenue last quarter?
In its most recent reported quarter (2026 Q2), Public Storage reported revenue of $1.23B.
How much debt does Public Storage have?
Public Storage reported $10.25B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Public Storage are outstanding?
Public Storage reported a weighted average of 175.6 million basic shares outstanding in 2026 Q2.
What is Public Storage's market cap?
Based on its latest closing price, Public Storage (PSA) has a market capitalization of about $50.90B.
When does Public Storage's fiscal year end?
Public Storage's fiscal year end, as registered with the SEC, is December 31.
Where is Public Storage headquartered?
Public Storage lists its business address in Frisco, Texas in its SEC filings.