Public Storage (PSA) income statement
NYSE · Real Estate · REIT - Industrial · 5,770 employees · CEO H. Thomas Boyle
- Price
- $332.68
- Market cap
- $62.1B
- Enterprise value
- $73.8B Data as of 2026-11-14
- Last report
- Q3 '26 filed 2026-10-26
- Next report
- 2027-02-11 EPS est. $2.21
Public Storage (PSA) reported revenue of $1.37B for Q3 '26 (+11.6% year on year), operating income of $419M (30.7% of revenue) and net income of $367M. Over the last four quarters revenue was $5.03B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.16B | $1.17B | $1.19B | $1.18B | $1.18B | $1.2B | $1.22B | $1.22B | $1.22B | $1.23B | $1.37B | |
| Cost of revenue | $291M | $324M | $301M | $322M | $311M | $332M | $318M | $331M | $924M | $340M | $344M | $377M | |
| Gross profit | $869M | $833M | $872M | $866M | $867M | $851M | $883M | $893M | $292M | $878M | $889M | $989M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26.3M | $0 | $0 | |
| General & administrative | $23.1M | $21.3M | $26.6M | $26.2M | $32.5M | $25.2M | $24.7M | $28.8M | $27M | $30.4M | $44.4M | $38.3M | |
| Other operating expenses | $265M | $285M | $283M | $280M | $281M | $283M | $283M | $0 | -$292M | $347M | $378M | $532M | |
| Operating expenses | $289M | $307M | $310M | $307M | $313M | $308M | $308M | $28.8M | -$265M | $403M | $422M | $570M | |
| Operating income | $580M | $526M | $562M | $560M | $553M | $543M | $575M | $864M | $557M | $474M | $467M | $419M | |
| Interest income | $11.2M | $8.64M | $13M | $12.2M | $10.8M | $7.91M | $8.12M | $10.3M | $9.97M | $4.43M | $0 | $10.1M | |
| Interest expense | $68.6M | $67.8M | $73.2M | $74.3M | $72.1M | $72M | $71.6M | $79.7M | $81.2M | $80M | $84.8M | $103M | |
| Other non-operating income (gains on investments, FX ...) | $59.2M | -$54.8M | -$34.3M | $49.6M | -$136M | $59.2M | $139M | $267M | -$19.8M | $21.6M | -$124M | -$46.4M | |
| Total non-operating income | -$128M | -$13M | -$39M | -$124M | $63.8M | -$131M | -$211M | -$347M | -$61.4M | $56.7M | $39M | -$56.2M | |
| Income before tax | $453M | $513M | $523M | $436M | $617M | $412M | $365M | $518M | $495M | $531M | $506M | $363M | |
| Income tax | $10.8M | $1.48M | $2.08M | $2.49M | -$1.37M | $1.43M | $3.24M | $2.83M | -$14.7M | $1.57M | $2.72M | -$15M | |
| Net income | $439M | $509M | $518M | $430M | $615M | $408M | $358M | $511M | $507M | $526M | $500M | $367M | |
| EPS (basic) | $2.22 | $2.61 | $2.67 | $2.17 | $3.22 | $2.04 | $1.76 | $2.63 | $2.60 | $2.72 | $2.56 | $1.70 | |
| EPS (diluted) | $2.22 | $2.60 | $2.66 | $2.16 | $3.21 | $2.04 | $1.76 | $2.62 | $2.60 | $2.71 | $2.55 | $1.69 | |
| Shares (basic, weighted) | 176M | 176M | 175M | 175M | 175M | 175M | 175M | 175M | 175M | 176M | 176M | 184M | |
| Shares (diluted, weighted) | 176M | 176M | 176M | 176M | 176M | 176M | 176M | 176M | 176M | 176M | 177M | 185M | |
| Depreciation & amortization | $288M | $285M | $283M | $280M | $281M | $283M | $283M | $290M | $296M | $291M | $288M | $413M | |
| EBITDA | $809M | $866M | $880M | $790M | $970M | $767M | $719M | $888M | $872M | $743M | $878M | $878M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.56B | $2.67B | $2.76B | $2.86B | $2.92B | $3.42B | $4.18B | $4.52B | $4.7B | $4.82B | |
| Cost of revenue | $669M | $708M | $757M | $813M | $867M | $921M | $1.05B | $1.15B | $1.26B | $3.62B | |
| Gross profit | $1.89B | $1.96B | $2B | $2.04B | $2.05B | $2.5B | $3.13B | $3.37B | $3.44B | $1.2B | |
| Research & development | $9.72M | $8.19M | $5.44M | $6.85M | $10.8M | $8.4M | $17.5M | $0 | $0 | $0 | |
| General & administrative | $70.1M | $69.9M | $93.8M | $62.1M | $64M | $76M | $71.7M | $80.6M | $107M | $107M | |
| Other operating expenses | $437M | $459M | $489M | $506M | $562M | $705M | $871M | $970M | $1.13B | -$1.16B | |
| Operating expenses | $517M | $537M | $588M | $575M | $636M | $789M | $960M | $1.05B | $1.24B | -$1.05B | |
| Operating income | $1.37B | $1.42B | $1.41B | $1.47B | $1.41B | $1.71B | $2.17B | $2.32B | $2.2B | $2.25B | |
| Interest income | $15.1M | $18.8M | $24.6M | $26.7M | $22.3M | $12.3M | $20.8M | $64.8M | $44.7M | $36.6M | |
| Interest expense | $4.3M | $12.7M | $32.5M | $45.6M | $56.3M | $90.8M | $136M | $201M | $287M | $304M | |
| Other non-operating income (gains on investments, FX ...) | -$90.2M | -$38M | -$336M | -$104M | -$6.36M | -$357M | -$2.35B | -$53M | -$175M | $160M | |
| Total non-operating income | $85.9M | $25.3M | $303M | $58.8M | -$49.9M | $266M | $2.21B | -$148M | -$112M | -$465M | |
| Income before tax | $1.46B | $1.45B | $1.72B | $1.53B | $1.36B | $1.97B | $4.38B | $2.17B | $2.09B | $1.79B | |
| Income tax | $0 | $0 | $0 | $0 | $0 | $12.4M | $14.3M | $10.8M | $4.67M | -$7.23M | |
| Net income | $1.45B | $1.44B | $1.71B | $1.52B | $1.36B | $1.95B | $4.35B | $2.15B | $2.07B | $1.78B | |
| EPS (basic) | $6.84 | $6.75 | $9.84 | $7.30 | $6.29 | $9.91 | $23.64 | $11.11 | $10.68 | $9.04 | |
| EPS (diluted) | $6.81 | $6.73 | $9.82 | $7.29 | $6.29 | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 | |
| Shares (basic, weighted) | 173M | 174M | 174M | 174M | 174M | 175M | 175M | 175M | 175M | 175M | |
| Shares (diluted, weighted) | 174M | 174M | 174M | 175M | 175M | 176M | 176M | 176M | 176M | 176M | |
| Depreciation & amortization | $433M | $455M | $484M | $513M | $553M | $713M | $888M | $970M | $1.13B | $1.15B | |
| EBITDA | $1.9B | $1.92B | $2.23B | $2.08B | $1.97B | $2.78B | $5.41B | $3.34B | $3.51B | $3.25B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-14