Public 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. In the quarter to June 2026, revenue grew 2.65%, EPS grew 45.5%, free cash flow was flat and total debt fell 2.49%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten.
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Public Storage (PSA) Net margin
Public Storage's net margin over the twelve months to 30 June 2026 was 37.7%, up 4.9 percentage points from fiscal 2025 (32.9%). Over the past ten years it has ranged from 32.9% (fiscal 2025) to 99.1% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Reit Industrial industry median of 28.0% and above the Real Estate sector median of 7.83%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 32.9% | (7.01) |
| FY2024 | 39.9% | (3.26) |
| FY2023 | 43.1% | (55.91) |
| FY2022 | 99.1% | 48.33 |
| FY2021 | 50.7% | 13.04 |
| FY2020 | 37.7% | (6.90) |
| FY2019 | 44.6% | (9.37) |
| FY2018 | 54.0% | 10.05 |
| FY2017 | 43.9% | (2.34) |
| FY2016 | 46.2% | 2.03 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 36.5% | (2.63) |
| Mar 2026 | 39.2% | 1.56 |
| Dec 2025 | 37.6% | (0.11) |
| Sep 2025 | 37.7% | 11.98 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| TRNO Terreno Realty Corporation compare | 76.9% |
| FR First Industrial Realty Trust, Inc. compare | 47.9% |
| PLD Prologis, Inc. compare | 45.5% |
| EGP EastGroup Properties, Inc. compare | 40.5% |
| PSA Public Storage | 37.7% |
| CUBE CubeSmart compare | 29.4% |
| EXR Extra Space Storage Inc compare | 27.8% |
| LINE Lineage, Inc. compare | −3.15% |
| REXR Rexford Industrial Realty, Inc. compare | −40.4% |
| Reit Industrial industry median | 28.0% |
| Real Estate sector median | 7.83% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on PSA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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