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) Operating margin
Public Storage's operating margin over the twelve months to 30 September 2026 was 40.5%, down 5.8 percentage points from fiscal 2025 (46.4%). Over the past ten years it has ranged from 46.4% (fiscal 2025) to 53.7% (fiscal 2016) — the current reading is the lowest in ten years. That is in line with the Reit Industrial industry median of 40.6% and above the Real Estate sector median of 17.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 46.4% | (0.20) |
| FY2024 | 46.6% | (4.20) |
| FY2023 | 50.8% | (0.44) |
| FY2022 | 51.2% | 1.63 |
| FY2021 | 49.6% | 1.15 |
| FY2020 | 48.4% | (2.97) |
| FY2019 | 51.4% | 0.14 |
| FY2018 | 51.2% | (2.09) |
| FY2017 | 53.3% | (0.35) |
| FY2016 | 53.7% | 1.95 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 23.2% | (14.65) |
| Jun 2026 | 37.9% | (1.10) |
| Mar 2026 | 39.0% | (25.25) |
| Dec 2025 | 64.2% | 24.04 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| PLD Prologis, Inc. compare | 54.8% |
| EXR Extra Space Storage Inc compare | 43.8% |
| TRNO Terreno Realty Corporation compare | 41.6% |
| FR First Industrial Realty Trust, Inc. compare | 41.6% |
| CUBE CubeSmart compare | 40.8% |
| EGP EastGroup Properties, Inc. compare | 40.8% |
| PSA Public Storage | 40.5% |
| REXR Rexford Industrial Realty, Inc. compare | 39.9% |
| LINE Lineage, Inc. compare | 3.57% |
| Reit Industrial industry median | 40.6% |
| Real Estate sector median | 17.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on PSA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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