Income StatementBalance SheetCash FlowSegments
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Public Storage Income Statement

Revenue, expenses, and profitability over time

Public Storage generated $4.9B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.9B with a 39.16% net margin. Gross margin stands at 42.19% and operating margin at 33.77%. Diluted EPS is $9.68, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.9BOperating Income$474.3MNet Income$526.3MEps Diluted (TTM)$9.68
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$54.6B
P/E Ratio28.72
ROE20.25%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)$122.8M-$68.7M-$146.1M$899.0K-$1.7M$41.7M
Income from equity method investments$4.4M$3.6M-$2.2M$3.7M$4.5M$6.8M
Interest expense$72.1M$72.0M$71.6M$79.7M$81.2M$80.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$564.4M$358.2M$309.0M$461.4M$457.0M$476.8M
Net income$614.6M$407.8M$358.4M$511.1M$507.1M$526.3M
Preferred stock dividends$48.7M$48.7M$48.7M$48.7M$48.7M$48.7M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$280.9M$282.7M$283.2M$290.4M$295.5M$290.7M
General and administrative$32.5M$25.2M$25.7M$28.8M$27.0M$30.4M
Total operating expenses$702.7M$719.2M$701.1M$732.5M$739.7M$743.5M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.23$2.04$1.76$2.63$2.61$2.72
Diluted earnings per share$3.22$2.04$1.76$2.62$2.59$2.71
Weighted-average shares, basic—175.4M175.4M175.5M—175.5M
Weighted-average shares, diluted—175.9M175.9M175.9M—175.9M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$617.0M$412.2M$364.7M$517.6M$495.3M$530.9M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense—$1.4M$3.2M$2.8M-$14.7M$1.6M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income—$464.0M———$474.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allocation Of Net Income To Restricted Share Units And Unvested LTIP Units$1.5M$883.0K$778.0K$977.0K$1.4M$807.0K
Gain (loss) on real estate dispositions, net$109.0K$45.0K$163.0K$502.0K$403.0K$379.0K
Payments Of Capital Distribution$575.7M$575.8M$575.8M$575.9M$575.8M$576.2M
Real estate acquisition and development expense$6.4M$7.4M$2.5M$2.8M$6.8M$2.4M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B