What is Public Storage's earnings per share (EPS)?

Public Storage (PSA) reported diluted earnings per share of $9.01 for fiscal year 2025. This represents a -15.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Public Storage (PSA) Financials

PSA

Trailing 12 months to June 30, 2026

Revenue $4.9B +3.0% YoY

Net Income $2.0B +12.9% YoY

EPS (Diluted) $10.47 +14.2% YoY

Operating Cash Flow $3.2B +0.9% YoY

Market Cap $53.0B as of Oct 2, 2026

Price / Sales 10.8x on $4.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 25.9x on $2.0B net income, trailing 12 months to June 30, 2026

Price / Book 5.8x on $9.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PSA SEC filings page.

Public Storage (PSA) reported $4.9B in revenue over the twelve months to Jun 30, 2026, up 3.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PSA FY2025 2026-10-03

Public Storage generates cash well above reported profit, but rising leverage is making its asset-heavy model more finance-dependent.

In FY2025, operating cash flow reached $3.2B against net income of $1.8B, while depreciation and amortization exceeded $1.2B; the gap indicates reported earnings are heavily shaped by noncash property depreciation. That cash generation remained close to FY2024 even as net income fell, showing that accounting profit is a less stable measure of current operating cash production.

Revenue increased only modestly from $4.5B in FY2023 to $4.8B in FY2025, while net profit margin compressed from 47.6% to 37.0%; growth therefore did not translate into proportionate earnings expansion. Return on assets also declined to 8.8%, consistent with a larger asset base producing less reported profit per dollar invested.

Balance-sheet leverage has moved higher: debt-to-equity rose from 0.9x in FY2023 to 1.1x in FY2025, as total liabilities reached $10.9B against $9.2B of equity. Meanwhile, operating cash flow stayed around $3.1B across FY2024 and FY2025, so the main change is greater financial claims on a broadly steady cash-generating platform rather than a collapse in operating cash.

Financial Health Signals

Financial health score not available

Public Storage does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Public Storage passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.79x

For every $1 of reported earnings, Public Storage generates $1.79 in operating cash flow ($3.2B OCF vs $1.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.2B

YoY+2.6%

QoQ+1.2%

5Y CAGR+8.3%

10Y CAGR+6.9%

Public Storage generated $1.2B in revenue in Q2 2026. This represents an increase of 2.6% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

EBITDA

$754.4M

YoY-3.7%

QoQ-1.4%

Public Storage's EBITDA was $754.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.7% from the same quarter a year earlier. Against the prior quarter it is down 1.4%.

Net Income

$500.0M

YoY+39.5%

QoQ-5.0%

5Y CAGR+4.0%

10Y CAGR+3.4%

Public Storage reported $500.0M in net income in Q2 2026. This represents an increase of 39.5% from the same quarter a year earlier. Against the prior quarter it is down 5.0%.

EPS (Diluted)

$2.55

YoY+44.9%

QoQ-5.9%

5Y CAGR+5.3%

10Y CAGR+4.7%

Public Storage earned $2.55 per diluted share (EPS) in Q2 2026. This represents an increase of 44.9% from the same quarter a year earlier. Against the prior quarter it is down 5.9%.

Cash & Balance Sheet

Cash & Debt

$259.9M

YoY-76.5%

QoQ+93.1%

5Y CAGR-11.6%

10Y CAGR0.0%

Public Storage held $259.9M in cash against $10.2B in long-term debt as of Q2 2026.

Dividends Per Share

$3.00

YoY0.0%

QoQ0.0%

5Y CAGR+8.4%

10Y CAGR+5.2%

Public Storage paid $3.00 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

176M

YoY+0.1%

QoQ0.0%

5Y CAGR0.0%

10Y CAGR+0.1%

Public Storage had 176M shares outstanding in Q2 2026. This represents an increase of 0.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin

37.9%

YoY-3.8pp

QoQ-1.1pp

Public Storage's operating margin was 37.9% in Q2 2026, reflecting core business profitability. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.

Net Margin

40.6%

YoY+10.7pp

QoQ-2.7pp

5Y change-8.9pp

10Y change-15.7pp

Public Storage's net profit margin was 40.6% in Q2 2026, showing the share of revenue converted to profit. This is up 10.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.7 percentage points.

Return on Equity

5.4%

YoY+1.6pp

QoQ-0.3pp

5Y change+0.8pp

10Y change+1.4pp

Public Storage's ROE was 5.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

PSA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PSA quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.9B	$4.8B+2.7%	$4.7B+3.9%	$4.5B+8.0%	$4.2B+22.4%	$3.4B+17.2%	$2.9B+2.1%	$2.9B+3.5%	$2.8B+3.4%	$2.7B+4.2%	$2.6B+7.5%	$2.4B+9.4%	$2.2B+10.8%	$2.0B+6.6%	$1.8B+6.1%	$1.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$739.7M+4.5%	$708.0M+5.8%	$669.1M+5.3%	$635.5M+3.6%	$613.3M+9.6%	$559.8M	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.0B+2.8%	$2.0B+3.7%	$1.9B+8.3%	$1.7B+11.7%	$1.6B+11.3%	$1.4B	N/A	N/A
SG&A Expenses	$130.5M	$106.7M0.0%	$106.7M+32.3%	$80.6M+12.5%	$71.7M-5.7%	$76.0M-8.7%	$83.2M+33.9%	$62.1M-40.7%	$104.7M+26.3%	$82.9M-0.9%	$83.7M-5.1%	$88.2M+23.4%	$71.5M+7.2%	$66.7M+17.3%	$56.8M+8.4%	$52.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.4B+3.5%	$1.4B+11.6%	$1.2B+16.7%	$1.1B+11.0%	$951.1M+9.1%	$872.0M+14.3%	$762.8M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.9B+3.9%	$1.8B+9.0%	$1.7B+11.1%	$1.5B+11.5%	$1.3B+8.8%	$1.2B+9.7%	$1.1B
Interest Expense	$325.7M	$304.5M+5.9%	$287.4M+42.9%	$201.1M+47.5%	$136.3M+50.2%	$90.8M+61.3%	$56.3M+23.3%	$45.6M+40.3%	$32.5M+156.4%	$12.7M+201.4%	$4.2M+590.2%	$610K-91.0%	$6.8M+5.2%	$6.4M-67.5%	$19.8M-18.2%	$24.2M
Income Tax	-$7.6M	-$7.2M-254.8%	$4.7M-56.9%	$10.8M-24.5%	$14.3M+15.9%	$12.4M	N/A	N/A	N/A	$0	$0	$0	$0	$0	N/A	N/A
Net Income	$2.0B	$1.8B-13.9%	$2.1B-3.6%	$2.1B-50.6%	$4.3B+122.7%	$2.0B+43.9%	$1.4B-10.7%	$1.5B-11.1%	$1.7B+18.6%	$1.4B-0.8%	$1.5B+10.9%	$1.3B+14.6%	$1.1B+8.7%	$1.1B+12.1%	$939.3M+14.0%	$823.8M
EPS (Basic)	N/A	$9.04-15.4%	$10.68-3.9%	$11.11-53.0%	$23.64+138.5%	$9.91+57.6%	$6.29-13.8%	$7.30-14.7%	$8.56+26.8%	$6.75-1.3%	$6.84+12.1%	$6.10+15.7%	$5.27+7.1%	$4.92+25.2%	$3.93+18.7%	$3.31
EPS (Diluted)	$10.47	$9.01-15.3%	$10.64-3.8%	$11.06-52.9%	$23.50+138.1%	$9.87+56.9%	$6.29-13.7%	$7.29-14.6%	$8.54+26.9%	$6.73-1.2%	$6.81+12.2%	$6.07+15.6%	$5.25+7.4%	$4.89+25.4%	$3.90+18.5%	$3.29
Diluted Shares (Avg)	N/A	176M-0.1%	176M-0.1%	176M-0.1%	176M+0.4%	176M+0.5%	175M+0.1%	175M+0.1%	174M+0.1%	174M+0.2%	174M+0.2%	174M+0.2%	173M+0.3%	173M+0.6%	172M+0.5%	171M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.2B+2.6%	$1.2B+2.9%	$1.2B+3.3%	$1.2B+3.1%	$1.2B+2.4%	$1.2B+2.2%	$1.2B+1.5%	$1.2B+3.8%
SG&A Expenses	$44.4M+72.5%	$30.4M+20.5%	$27.0M-17.1%	$28.8M+9.8%	$25.7M-3.2%	$25.2M+18.0%	$32.5M+40.5%	$26.2M+26.4%
Operating Income	$466.7M-6.7%	$474.3M+2.2%	N/A	N/A	$500.0M	$464.0M	N/A	N/A
EBITDA	$754.4M-3.7%	$765.0M+2.4%	N/A	N/A	$783.2M	$746.7M	N/A	N/A
Interest Expense	$84.8M+18.4%	$80.0M+11.1%	$81.2M+12.5%	$79.7M+7.3%	$71.6M-2.2%	$72.0M+6.2%	$72.1M+5.1%	$74.3M+27.3%
Income Tax	$2.7M-16.2%	$1.6M+10.0%	-$14.7M-972.5%	$2.8M+13.8%	$3.2M+56.1%	$1.4M-3.6%	-$1.4M-158.1%	$2.5M-12.2%
Net Income	$500.0M+39.5%	$526.3M+29.1%	$507.1M-17.5%	$511.1M+18.8%	$358.4M-30.8%	$407.8M-19.9%	$614.6M+39.9%	$430.3M-29.8%
EPS (Basic)	$2.56+45.5%	$2.72+33.3%	$2.61-18.9%	$2.63+21.2%	$1.76-34.1%	$2.04-21.8%	$3.22+45.0%	$2.17-32.4%
EPS (Diluted)	$2.55+44.9%	$2.71+32.8%	$2.59-19.3%	$2.62+21.3%	$1.76-33.8%	$2.04-21.5%	$3.21+45.2%	$2.16-32.5%
Diluted Shares (Avg)	177M+0.3%	176M0.0%	N/A	176M0.0%	176M0.0%	176M-0.2%	N/A	176M-0.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

PSA Balance Sheet

PSA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$20.2B+2.3%	$19.8B-0.3%	$19.8B+12.9%	$17.6B+1.0%	$17.4B+47.1%	$11.8B+4.0%	$11.4B+4.0%	$10.9B+1.8%	$10.7B+5.9%	$10.1B+3.6%	$9.8B-0.4%	$9.8B-0.6%	$9.9B+12.3%	$8.8B-1.6%	$8.9B
Cash & Equivalents	$318.1M-28.9%	$447.4M+20.9%	$370.0M-52.3%	$775.3M+5.5%	$734.6M+185.2%	$257.6M-37.1%	$409.7M+13.4%	$361.2M-16.7%	$433.4M+135.9%	$183.7M+76.1%	$104.3M-44.4%	$187.7M+879.2%	$19.2M+11.2%	$17.2M-87.6%	$139.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M-5.0%	$174.6M0.0%	$174.6M0.0%	$174.6M0.0%	$174.6M0.0%	$174.6M0.0%	$174.6M0.0%	$174.6M0.0%	$174.6M0.0%	$174.6M
Total Liabilities	$10.9B+9.3%	$9.9B+2.5%	$9.7B+31.4%	$7.4B-7.2%	$8.0B+145.6%	$3.2B+41.7%	$2.3B+28.2%	$1.8B+0.8%	$1.8B+156.8%	$688.7M+18.6%	$580.6M+86.4%	$311.5M-70.5%	$1.1B+57.7%	$670.5M+10.1%	$609.3M
Long-Term Debt	$10.3B+9.6%	$9.4B+2.7%	$9.1B+32.5%	$6.9B-8.1%	$7.5B+193.7%	$2.5B+33.8%	$1.9B+34.7%	$1.4B-1.3%	$1.4B+266.3%	$390.7M	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.2B-4.8%	$9.7B-3.0%	$10.0B-0.6%	$10.1B+7.9%	$9.3B+9.1%	$8.6B-5.6%	$9.1B-0.6%	$9.1B+2.0%	$8.9B-5.0%	$9.4B+2.6%	$9.2B-3.3%	$9.5B+7.8%	$8.8B+8.6%	$8.1B-2.3%	$8.3B
Retained Earnings	-$1.2B-74.4%	-$699.1M-160.9%	-$267.9M-143.0%	-$110.2M+80.0%	-$550.4M+39.8%	-$914.8M-37.4%	-$665.6M-15.3%	-$577.4M+14.6%	-$675.7M-38.6%	-$487.6M-12.2%	-$434.6M-16.0%	-$374.8M-17.7%	-$318.5M-14.0%	-$279.5M-7.7%	-$259.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$20.1B-2.1%	$19.9B+1.2%	$20.2B+2.3%	$20.1B+1.6%	$20.5B+3.8%	$19.6B0.0%	$19.8B-0.3%	$19.8B-0.4%
Cash & Equivalents	$259.9M-76.5%	$134.6M-53.1%	$318.1M-28.9%	$296.5M-50.5%	$1.1B+103.7%	$287.2M+5.7%	$447.4M+20.9%	$599.0M-4.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%	$165.8M0.0%
Total Liabilities	$10.8B-2.1%	$10.5B+5.9%	$10.9B+9.3%	$10.7B+6.1%	$11.1B+10.8%	$9.9B+3.9%	$9.9B+2.5%	$10.1B+4.3%
Long-Term Debt	$10.2B-2.5%	$9.7B+3.0%	$10.3B+9.6%	$10.0B+6.0%	$10.4B+11.1%	$9.4B+3.9%	$9.4B+2.7%	$9.5B+4.9%
Total Equity	$9.2B-1.9%	$9.2B-3.6%	$9.2B-4.8%	$9.3B-3.1%	$9.4B-3.4%	$9.6B-3.8%	$9.7B-3.0%	$9.6B-4.9%
Retained Earnings	-$1.3B-24.0%	-$1.3B-46.3%	-$1.2B-74.4%	-$1.2B-56.0%	-$1.1B-83.1%	-$867.4M-158.2%	-$699.1M-160.9%	-$737.5M-464.7%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

PSA Cash Flow Statement

PSA quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.2B	$3.2B+1.9%	$3.1B-3.6%	$3.2B+4.2%	$3.1B+22.6%	$2.5B+24.5%	$2.0B-1.2%	$2.1B+0.2%	$2.1B+4.6%	$2.0B+1.4%	$1.9B+11.3%	$1.7B+9.0%	$1.6B+12.1%	$1.4B+11.3%	$1.3B+6.8%	$1.2B
Depreciation & Amortization	N/A	$1.2B+2.0%	$1.1B+16.5%	$970.1M+9.2%	$888.1M+24.5%	$713.4M+29.0%	$553.3M+7.9%	$512.9M+6.1%	$483.6M+6.4%	$454.5M+4.9%	$433.3M+1.7%	$426.0M-2.5%	$437.1M+12.8%	$387.4M+8.3%	$357.8M-0.1%	$358.0M
Stock-Based Compensation	N/A	$39.9M-10.8%	$44.7M+7.7%	$41.6M-26.7%	$56.7M-5.2%	$59.8M+79.3%	$33.4M+29.1%	$25.8M-63.1%	$69.9M+86.3%	$37.5M+0.2%	$37.5M+15.1%	$32.6M+10.3%	$29.5M	N/A	N/A	N/A
Investing Cash Flow	-$1.6B	-$1.7B-68.1%	-$1.0B+71.7%	-$3.5B-415.9%	$1.1B+120.1%	-$5.6B-397.8%	-$1.1B-24.6%	-$897.4M-73.9%	-$515.9M+30.0%	-$737.1M-5.4%	-$699.1M-53.3%	-$456.1M	N/A	-$1.4B-386.3%	-$290.5M-257.0%	-$81.4M
Financing Cash Flow	-$2.5B	-$1.6B+21.5%	-$2.1B-1740.6%	-$112.9M+97.3%	-$4.2B-219.9%	$3.5B+425.2%	-$1.1B+4.0%	-$1.1B+30.8%	-$1.6B-63.2%	-$992.2M+13.6%	-$1.1B+17.4%	-$1.4B	N/A	-$16.2M+98.6%	-$1.1B+22.3%	-$1.4B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$967.9M+9.1%	$887.1M+17.7%	$753.9M+21.3%	$621.4M
Share Buybacks	N/A	$0-100.0%	$200.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$868.4M-0.5%	$694.8M-1.5%	$733.6M-4.6%	$875.1M+9.6%	$872.7M-2.5%	$705.1M+5.9%	$768.6M-2.9%	$798.8M-8.8%
Depreciation & Amortization	$287.8M+1.6%	$290.7M+2.8%	$295.5M+5.2%	$290.4M+3.6%	$283.2M0.0%	$282.7M-0.9%	$280.9M-2.3%	$280.3M+17.4%
Stock-Based Compensation	$12.8M+20.4%	$11.9M+15.6%	N/A	$9.5M-13.5%	$10.6M-1.9%	$10.3M-0.6%	N/A	$10.9M+14.8%
Investing Cash Flow	-$347.0M-2.6%	-$147.3M+48.6%	-$364.3M+11.5%	-$696.0M-226.2%	-$338.3M-77.0%	-$286.5M-53.6%	-$411.6M+16.0%	-$213.3M+91.5%
Financing Cash Flow	-$396.2M-240.0%	-$731.0M-26.3%	-$347.6M+31.6%	-$987.3M-76.3%	$283.0M+165.4%	-$578.8M-0.3%	-$508.6M+9.4%	-$559.9M-134.9%
Share Buybacks	N/A	N/A	$0	$0	N/A	N/A	$0	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

PSA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PSA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	73.0%-0.5pp	73.5%-0.4pp	73.9%+0.6pp	73.3%+1.5pp	71.8%+0.3pp	71.5%	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	53.3%-0.4pp	53.7%+2.0pp	51.7%+3.3pp	48.5%+0.1pp	48.4%+1.1pp	47.3%+3.4pp	43.9%
Net Margin	37.0%-7.1pp	44.1%-3.4pp	47.5%	104.0%	57.2%+10.6pp	46.6%-6.7pp	53.3%-8.7pp	62.0%+8.0pp	54.0%-2.7pp	56.8%+1.7pp	55.1%+2.5pp	52.5%-1.0pp	53.6%+2.6pp	51.0%+3.5pp	47.5%
Return on Equity	19.3%-2.0pp	21.3%-0.1pp	21.4%-21.7pp	43.2%+22.2pp	20.9%+5.1pp	15.9%-0.9pp	16.8%-2.0pp	18.8%+2.6pp	16.1%+0.7pp	15.4%+1.1pp	14.3%+2.2pp	12.1%+0.1pp	12.0%+0.4pp	11.6%+1.7pp	9.9%
Return on Assets	8.8%-1.7pp	10.5%-0.4pp	10.8%-13.9pp	24.8%+13.5pp	11.2%-0.3pp	11.5%-1.9pp	13.4%-2.3pp	15.7%+2.2pp	13.4%-0.9pp	14.3%+0.9pp	13.4%+1.8pp	11.7%+1.0pp	10.7%0.0pp	10.7%+1.5pp	9.2%
Debt-to-Equity	1.11+0.1x	0.96+0.1x	0.91+0.2x	0.68-0.1x	0.80+0.5x	0.30+0.1x	0.21+0.1x	0.150.0x	0.16+0.1x	0.040.0x	0.060.0x	0.03-0.1x	0.120.0x	0.080.0x	0.07
Asset Turnover	0.240.0x	0.240.0x	0.230.0x	0.240.0x	0.20-0.1x	0.250.0x	0.250.0x	0.250.0x	0.250.0x	0.250.0x	0.240.0x	0.220.0x	0.200.0x	0.210.0x	0.19

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	37.9%-3.8pp	39.0%-0.3pp	N/A	N/A	41.6%	39.2%	N/A	N/A
Net Margin	40.6%+10.7pp	43.2%+8.7pp	41.7%-10.5pp	41.8%+5.5pp	29.8%-14.3pp	34.5%-9.5pp	52.2%+14.3pp	36.2%-17.4pp
Return on Equity	5.4%+1.6pp	5.7%+1.4pp	5.5%-0.8pp	5.5%+1.0pp	3.8%-1.5pp	4.3%-0.9pp	6.3%+1.9pp	4.5%-1.6pp
Return on Assets	2.5%+0.8pp	2.6%+0.6pp	2.5%-0.6pp	2.5%+0.4pp	1.7%-0.9pp	2.1%-0.5pp	3.1%+0.9pp	2.2%-0.9pp
Debt-to-Equity	1.110.0x	1.05+0.1x	1.11+0.1x	1.08+0.1x	1.11+0.1x	0.99+0.1x	0.96+0.1x	0.99+0.1x
Asset Turnover	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Public Storage PSA	FY2025	$4.8B	$1.8B	37.0%	$53.0B	—
Extra Space Storage, Inc. EXR	FY2025	$3.4B	$974.0M	28.8%	$27.8B	43/100
PROLOGIS, INC. PLD	FY2025	$8.8B	$3.3B	37.9%	$123.4B	73/100
Lineage, Inc. LINE	FY2025	$5.4B	-$113.0M	-2.1%	$7.8B	40/100
REXFORD INDUSTRIAL REALTY, INC. REXR	FY2025	$1.0B	$219.8M	21.9%	$8.1B	51/100
CubeSmart CUBE	FY2025	$1.1B	$331.3M	29.5%	$8.5B	41/100

Where Public Storage Ranks

Frequently Asked Questions

What is Public Storage's annual revenue?

Public Storage (PSA) reported $4.8B in total revenue for fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Public Storage's revenue growing?

Public Storage (PSA) revenue grew by 2.7% year-over-year, from $4.7B to $4.8B in fiscal year 2025.

Is Public Storage profitable?

Yes, Public Storage (PSA) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 37.0%.

How much debt does Public Storage have?

As of fiscal year 2025, Public Storage (PSA) had $318.1M in cash and equivalents against $10.3B in long-term debt.

What is Public Storage's net profit margin?

Public Storage (PSA) had a net profit margin of 37.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Public Storage pay dividends?

Yes, Public Storage (PSA) paid $12.00 per share in dividends during fiscal year 2025.

What is Public Storage's return on equity (ROE)?

Public Storage (PSA) has a return on equity of 19.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Public Storage's operating cash flow?

Public Storage (PSA) generated $3.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Public Storage's total assets?

Public Storage (PSA) had $20.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Public Storage have outstanding?

Public Storage (PSA) had 176M shares outstanding as of fiscal year 2025.

What is Public Storage's debt-to-equity ratio?

Public Storage (PSA) had a debt-to-equity ratio of 1.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Public Storage's return on assets (ROA)?

Public Storage (PSA) had a return on assets of 8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Public Storage's P/E ratio?

Public Storage (PSA) trades at 25.9x earnings, its market capitalization divided by net income of $2.0B net income, trailing 12 months to June 30, 2026. The market capitalization is $53.0B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Public Storage's price-to-sales ratio?

Public Storage (PSA) trades at 10.8x sales, its market capitalization divided by revenue of $4.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $53.0B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Public Storage's Piotroski F-Score?

Public Storage (PSA) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Public Storage's earnings high quality?

Public Storage (PSA) has an earnings quality ratio of 1.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.