Ancillary operations — Other Cost of Operating Revenue
Public Storage Ancillary operations — Other Cost of Operating Revenue increased by 5.2% to $34.26M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $30.69M to $34.26M. Over 4 years (FY 2021 to FY 2025), Ancillary operations — Other Cost of Operating Revenue shows an upward trend with a 18.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease relative to revenue indicates improved operational efficiency in service delivery.
Detailed definition
This metric represents the direct costs associated with generating revenue from ancillary operations, such as the cost o...
Peer comparison
Comparable to 'cost of services' or 'direct operating expenses' for non-rental business units in other real estate operating companies.
psa_segment_ancillary_operations_other_cost_of_operating_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $15.99M | $19.74M | $16.52M | $15.52M | $17.21M | $21.57M | $18.40M | $19.68M | $22.20M | $21.16M | $22.96M | $27.07M | $27.54M | $34.27M | $32.40M | $30.69M | $33.29M | $36.39M | $32.57M | $34.26M |
| QoQ Change | — | +23.4% | -16.3% | -6.1% | +10.9% | +25.3% | -14.7% | +6.9% | +12.8% | -4.7% | +8.5% | +17.9% | +1.8% | +24.4% | -5.4% | -5.3% | +8.5% | +9.3% | -10.5% | +5.2% |
| YoY Change | — | — | — | — | +7.6% | +9.3% | +11.4% | +26.8% | +29.0% | -1.9% | +24.8% | +37.6% | +24.1% | +61.9% | +41.1% | +13.4% | +20.9% | +6.2% | +0.5% | +11.6% |
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Frequently Asked Questions
- What is Public Storage's ancillary operations — other cost of operating revenue?
- Public Storage (PSA) reported ancillary operations — other cost of operating revenue of $34.26M in Q1 2026.
- How has Public Storage's ancillary operations — other cost of operating revenue changed year-over-year?
- Public Storage's ancillary operations — other cost of operating revenue increased by 11.6% year-over-year, from $30.69M to $34.26M.
- What is the long-term trend for Public Storage's ancillary operations — other cost of operating revenue?
- Over 4 years (2021 to 2025), Public Storage's ancillary operations — other cost of operating revenue has grown at a 18.0% compound annual growth rate (CAGR), from $68.57M to $132.94M.
- What does ancillary operations — other cost of operating revenue mean?
- The direct expenses incurred to provide ancillary services like merchandise and insurance.