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.

Revenue
+11.6%
EPS
−21.9%
Free cash flow
−19.3%
Total debt
+21.4%

Quarter to September 2026, against a year earlier

336.63 3.87 −1.14%
Market cap
$63.6B
P/E
33.9×
Fwd P/E
34.1×
Dividend yield
3.56%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Public Storage (PSA) Revenue growth

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Public Storage's revenue growth over the twelve months to 30 September 2026 was 5.16%, up 2.4 percentage points from fiscal 2025 (2.74%). Over the past ten years it has ranged from 2.10% (fiscal 2020) to 22.4% (fiscal 2022); the current reading is higher than 18% of that period. That is above the Reit Industrial industry median of 4.61% and in line with the Real Estate sector median of 5.12%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 2.74% (1.20)
FY2024 3.94% (4.08)
FY2023 8.02% (14.41)
FY2022 22.4% 5.25
FY2021 17.2% 15.08
FY2020 2.10% (1.36)
FY2019 3.46% 0.05
FY2018 3.41% (0.81)
FY2017 4.22% (3.29)
FY2016 7.51% (1.88)

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 11.6% 8.96
Jun 2026 2.65% (0.27)
Mar 2026 2.92% (0.34)
Dec 2025 3.26% 0.21
43 more quarters

Against its own ten years

Low 2.10% High 22.4%
Ten-year median 4.22%
Current reading's percentile 18

Revenue growth against peers

Company Revenue growth
TRNO Terreno Realty Corporation compare 17.2%
EGP EastGroup Properties, Inc. compare 10.4%
FR First Industrial Realty Trust, Inc. compare 8.55%
PLD Prologis, Inc. compare 7.16%
PSA Public Storage 5.16%
EXR Extra Space Storage Inc compare 4.05%
CUBE CubeSmart compare 3.33%
LINE Lineage, Inc. compare 1.03%
REXR Rexford Industrial Realty, Inc. compare −2.02%
Reit Industrial industry median 4.61%
Real Estate sector median 5.12%
Market median 7.71%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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