stockrowPublic Storage
PSA Real Estate Reit Industrial
Public Storage’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 2.74% from fiscal 2024.
- Revenue
- +11.6%
- EPS
- −21.9%
- Free cash flow
- −19.3%
- Total debt
- +21.4%
Quarter to September 2026, against a year earlier
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Public Storage (PSA) Gross margin
Public Storage's gross margin over the twelve months to 30 September 2026 was 72.4%, down 0.5 percentage points from fiscal 2025 (72.9%). Over the past ten years it has ranged from 70.2% (fiscal 2020) to 74.8% (fiscal 2022); the current reading is higher than 36% of that period. That is in line with the Reit Industrial industry median of 73.8% and above the Real Estate sector median of 62.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 72.9% | (0.36) |
| FY2024 | 73.2% | (1.38) |
| FY2023 | 74.6% | (0.23) |
| FY2022 | 74.8% | 1.77 |
| FY2021 | 73.1% | 2.81 |
| FY2020 | 70.2% | (1.28) |
| FY2019 | 71.5% | (1.04) |
| FY2018 | 72.6% | (0.91) |
| FY2017 | 73.5% | (0.40) |
| FY2016 | 73.9% | 0.55 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 72.4% | 0.32 |
| Jun 2026 | 72.1% | 0.01 |
| Mar 2026 | 72.1% | (0.84) |
| Dec 2025 | 72.9% | (0.05) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| REXR Rexford Industrial Realty, Inc. compare | 76.6% |
| TRNO Terreno Realty Corporation compare | 76.0% |
| PLD Prologis, Inc. compare | 74.3% |
| EGP EastGroup Properties, Inc. compare | 73.8% |
| FR First Industrial Realty Trust, Inc. compare | 73.8% |
| PSA Public Storage | 72.4% |
| EXR Extra Space Storage Inc compare | 70.9% |
| CUBE CubeSmart compare | 67.7% |
| LINE Lineage, Inc. compare | 32.0% |
| Reit Industrial industry median | 73.8% |
| Real Estate sector median | 62.8% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on PSA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement