PSA

Public Storage
D

PSA

Arincen50/100B

Public Storage income statement 1983–2026

5.03B USD over the last twelve months, and 4.82B USD in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
5.03B4.82B4.70B4.52B4.18B3.42B2.92B2.86B2.76B2.67B2.56B
Revenue growth
+5.16%+2.74%+3.94%+8.02%+22.44%+17.18%+2.10%+3.46%+3.41%+4.22%+7.51%
Cost of revenue
1.98B3.62B1.26B1.15B1.05B920.60M867.46M813.15M757.08M707.98M669.08M
Gross profit
3.05B1.20B3.44B3.37B3.13B2.50B2.05B2.04B2.00B1.96B1.89B
Gross margin
60.56%24.96%73.21%74.59%74.82%73.05%70.24%71.52%72.56%73.47%73.87%
Research and development
————17.54M8.40M10.84M6.85M5.44M8.19M9.72M
Selling, general and administrative
166.31M106.68M106.68M80.63M71.67M75.97M64.04M62.15M93.83M69.89M70.08M
Operating expenses
1.13B-1.05B1.24B1.05B959.82M789.39M636.46M575.06M588.36M537.41M516.97M
1.92B2.25B2.20B2.32B2.17B1.71B1.41B1.47B1.41B1.42B1.37B
Operating income growth
-24.41%+2.41%-5.08%+6.90%+27.18%+20.88%-3.80%+3.73%-0.64%+3.54%+11.57%
Operating margin
38.10%46.73%46.88%51.33%51.87%49.94%48.41%51.38%51.24%53.33%53.68%
Interest income
—36.62M44.66M64.82M20.82M12.31M22.32M26.68M24.55M18.77M15.14M
Interest expense
348.52M304.50M287.40M201.13M136.32M90.77M56.28M45.64M32.54M12.69M4.30M
Other non-operating income
-21.94M-464.51M-112.09M-148.12M2.21B266.17M-49.92M58.76M303.14M25.32M85.85M
Pretax income
1.90B1.79B2.09B2.17B4.38B1.97B1.36B1.53B1.72B1.45B1.46B
Income tax
-25.48M-7.23M4.67M10.82M14.33M12.37M0.000.000.000.000.00
Effective tax rate
-1.34%-0.40%0.22%0.50%0.33%0.63%0.00%0.00%0.00%0.00%0.00%
1.90B1.78B2.07B2.15B4.35B1.95B1.36B1.52B1.71B1.44B1.45B
Net income growth
+0.44%-13.88%-3.55%-50.60%+122.66%+43.92%-10.74%-11.13%+18.64%-0.78%+10.85%
Net margin
37.76%36.99%44.13%47.55%103.99%57.18%46.56%53.26%62.00%54.05%56.77%
Basic shares
177.68M175.45M175.35M175.47M175.26M174.86M174.49M174.29M173.97M173.61M173.09M
Diluted shares
178.35M175.90M176.04M176.14M176.28M175.57M174.64M174.53M174.30M174.15M173.88M
Change in diluted shares
+1.38%-0.08%-0.06%-0.08%+0.41%+0.53%+0.06%+0.13%+0.08%+0.16%+0.21%
EPS (basic)
9.589.0410.6811.1123.649.916.297.309.846.756.84
EPS (diluted)
9.559.0110.6411.0623.509.876.297.299.826.736.81
EPS growth
-0.79%-15.32%-3.80%-52.94%+138.10%+56.92%-13.72%-25.76%+45.91%-1.17%+12.19%
Dividends per share
12.0012.0012.0012.0021.158.008.008.008.008.007.30
Dividend growth
0.00%0.00%0.00%-43.26%+164.38%0.00%0.00%0.00%0.00%+9.59%+12.31%
EBITDA
3.37B3.25B3.51B3.34B5.41B2.78B1.97B2.08B2.23B1.92B1.90B
EBITDA margin
67.01%67.29%74.67%73.98%129.24%81.27%67.61%73.00%80.93%71.79%74.12%
EBIT
2.09B2.09B2.38B2.37B4.52B2.06B1.42B1.57B1.75B1.46B1.46B

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about Public Storage's income statement

Source: Financial Modeling Prep