Equity

Retained Earnings

Public Storage Retained Earnings decreased by 4.1% to -$1.27B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 46.3%, from -$867.43M to -$1.27B. Over 5 years (FY 2020 to FY 2025), Retained Earnings shows a downward trend with a 5.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionEquity
CategoryCapital Allocation
SignalHigher is better
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026

How to read this metric

Consistent growth in retained earnings signals a profitable business model that can sustain itself without constant external capital raises.

Detailed definition

The cumulative amount of net income that has been reinvested in the business rather than distributed to shareholders as...

Peer comparison

Mature, highly profitable companies like Apple may actually see this decrease if they return more cash to shareholders via buybacks than they earn in net income.

Metric ID: retained_earnings

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value-$863.74M-$771.11M-$550.42M-$436.10M-$182.21M-$122.63M-$110.23M-$168.95M-$167.40M-$130.58M-$267.91M-$336.00M-$592.67M-$737.45M-$699.08M-$867.43M-$1.09B-$1.15B-$1.22B-$1.27B
QoQ Change+10.7%+28.6%+20.8%+58.2%+32.7%+10.1%-53.3%+0.9%+22.0%-105.2%-25.4%-76.4%-24.4%+5.2%-24.1%-25.1%-6.0%-6.0%-4.1%
YoY Change+78.9%+84.1%+80.0%+61.3%+8.1%-6.5%-143.0%-98.9%-254.0%-464.7%-160.9%-158.2%-83.1%-56.0%-74.4%-46.3%
Range-$1.27B-$110.23M
CAGR+8.4%
Avg YoY Growth-77.1%
Median YoY Growth-65.2%
Current Streak5 quarters decline

Retained Earnings at Other Companies

Frequently Asked Questions

What is Public Storage's retained earnings?
Public Storage (PSA) reported retained earnings of -$1.27B in Q1 2026.
How has Public Storage's retained earnings changed year-over-year?
Public Storage's retained earnings decreased by 46.3% year-over-year, from -$867.43M to -$1.27B.
What is the long-term trend for Public Storage's retained earnings?
Over 5 years (2020 to 2025), Public Storage's retained earnings has grown at a 5.9% compound annual growth rate (CAGR), from -$914.79M to -$1.22B.
What does retained earnings mean?
The total profits the company has kept and reinvested since it started, after paying out any dividends.