Business Segments · Operating Income (Loss)
Self-storage facilities — Operating Income (Loss)
Public Storage Self-storage facilities — Operating Income (Loss) decreased by 1.2% to $822.45M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.6%, from $801.84M to $822.45M. Over 4 years (FY 2021 to FY 2025), Self-storage facilities — Operating Income (Loss) shows an upward trend with a 8.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026
Rolls up toOperating Income
How to read this metric
Higher values indicate stronger rental demand, effective pricing power, and disciplined cost management.
Detailed definition
This metric measures the profitability of the core self-storage business segment after accounting for both direct and in...
Peer comparison
Standardized across REITs as Net Operating Income (NOI) or Segment Operating Income.
Metric ID:
psa_segment_self_storage_facilities_operating_income_lossHistorical Data
20 periods
| 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 | $574.40M | $623.51M | $649.39M | $671.52M | $735.30M | $771.90M | $787.10M | $763.57M | $798.44M | $810.94M | $824.72M | $788.63M | $826.24M | $822.68M | $821.73M | $801.84M | $833.94M | $844.37M | $832.22M | $822.45M |
| QoQ Change | — | +8.6% | +4.1% | +3.4% | +9.5% | +5.0% | +2.0% | -3.0% | +4.6% | +1.6% | +1.7% | -4.4% | +4.8% | -0.4% | -0.1% | -2.4% | +4.0% | +1.3% | -1.4% | -1.2% |
| YoY Change | — | — | — | — | +28.0% | +23.8% | +21.2% | +13.7% | +8.6% | +5.1% | +4.8% | +3.3% | +3.5% | +1.4% | -0.4% | +1.7% | +0.9% | +2.6% | +1.3% | +2.6% |
Range$574.40M – $844.37M
CAGR+7.8%
Avg YoY Growth+7.6%
Median YoY Growth+3.4%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Public Storage's self-storage facilities — operating income (loss)?
- Public Storage (PSA) reported self-storage facilities — operating income (loss) of $822.45M in Q1 2026.
- How has Public Storage's self-storage facilities — operating income (loss) changed year-over-year?
- Public Storage's self-storage facilities — operating income (loss) increased by 2.6% year-over-year, from $801.84M to $822.45M.
- What is the long-term trend for Public Storage's self-storage facilities — operating income (loss)?
- Over 4 years (2021 to 2025), Public Storage's self-storage facilities — operating income (loss) has grown at a 8.9% compound annual growth rate (CAGR), from $2.35B to $3.31B.
- What does self-storage facilities — operating income (loss) mean?
- The profit generated by the self-storage business segment before interest and taxes.