Public Storage (PSA) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 258 million square feet of rentable space. Thro...
Public Storage's revenue increased 2.7% year over year, from $4.70B to $4.82B.
Net income decreased 13.9% over the same period, from $2.07B to $1.78B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 88% in total.
Total debt increased by 9.6% to $10.25B.
The debt-to-equity ratio stands at 1.11, indicating a elevated leverage profile.
Operating cash flow grew 1.9% to $3.19B.
Public Storage maintains a strong net profit margin of 37.0%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.19B+1.2% | $430.3M | $482.7M | $435.6M | $798.8M | $19.80B | $9.47B | $9.61B |
| Q4 FY2024 | $1.18B-0.9% | $614.6M | $474.7M | $617.0M | $768.6M | $19.75B | $9.35B | $9.71B |
| Q1 FY2025 | $1.18B+0.5% | $407.8M | $464.0M | $412.2M | $705.1M | $19.62B | $9.42B | $9.57B |
| Q2 FY2025 | $1.20B+1.5% | $358.4M | $500.0M | $364.7M | $872.7M | $20.54B | $10.44B | $9.37B |
| Q3 FY2025 | $1.22B+1.9% | $511.1M | $491.5M | $517.6M | $875.1M | $20.11B | $10.04B | $9.31B |
| Q4 FY2025 | $1.22B-0.7% | $507.1M | $476.0M | $495.3M | $733.6M | $20.21B | $10.25B | $9.25B |
| Q1 FY2026 | $1.22B+0.2% | $526.3M | $474.3M | $474.3M | $694.8M | $19.85B | $10.03B | $9.32B |
| Q2 FY2026 | $1.23B+1.2% | $500.0M | $466.7M | $466.7M | $868.4M | $20.12B | $10.18B | $9.29B |
Balance Sheet Summary (Q2 FY2026)
Public Storage (PSA) Financial Statements & Revenue History
Public Storage (PSA) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry trading at $298.17 with a market capitalization of $56. This page provides 42 historical financial statements for Public Storage, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Public Storage reported revenue of $4.8 billion, representing 2.7% year-over-year growth. The net profit margin of 37.0% reflects strong profitability. The debt-to-equity ratio of 1.11 indicates elevated leverage.
PSA Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Public Storage's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether PSA is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track PSA's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Public Storage converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of PSA's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use PSA Financial Data
Investors use Public Storage's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare PSA's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how PSA's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View PSA's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Public Storage's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.PSA trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.