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Public Storage

PSA

Public Storage is a leading real estate investment trust (REIT) that specializes in the ownership, development, and operation of self-storage facilities.

Market cap
$56.32B+8.3%
Revenue$4.9B+2.9%
Net income$1.9B-3.5%
EPS (diluted)$9.68-3.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$1.2B
EPS estimate$2.53

Financials

Q1 2026

Income statement

See full
Revenue$1.2B+2.9%
Operating income$474.3M+2.2%
Net income$526.3M+29.1%
EPS (diluted)$2.71+32.8%

Balance sheet

See full
Cash & equivalents$134.6M-53.1%
Total equity$9.2B-3.6%
Total assets$19.9B+1.2%

Cash flow

See full
Operating cash flow$694.8M-1.5%

Valuation & ratios

Valuation

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Market cap$56.32B+8.3%
P/E29.6×+0.9×
P/S11.6×+0.6×

Profitability

See full
Net margin39.2%-2.6pp

Returns & leverage

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Return on equity20.3%+0.1pp

Competitors

Profile

Public Storage is a leading real estate investment trust (REIT) that specializes in the ownership, development, and operation of self-storage facilities. The company leverages its significant scale and recognized brand to provide month-to-month storage solutions for personal and business use across major U.S. markets. Beyond core real estate, the company operates a vertically integrated platform offering tenant insurance, third-party management, and specialized lending services.

Competitive position

The company is the industry-leading owner of self-storage properties in the U.S., holding approximately 9% of the total market square footage.

GeographiesUnited States, Western Europe
Customer segmentsIndividual consumers, Small business owners, Real estate developers
Business modelRental/Leasing, Reinsurance, Asset Management, Direct-to-Consumer
SuppliersLand for development, Construction materials and labor, Capital markets for financing, Digital marketing channels (Search engines)
CustomersIndividual renters, Business storage users, Third-party facility owners
Listed1980
Employees6.2K
CEOH. Thomas Boyle
FilingsSEC EDGAR

Questions, answered.

What is Public Storage's market cap?
Public Storage (PSA) has a market capitalization of $56.3B and trades on NYSE.
What is Public Storage's revenue and profitability?
Public Storage generated $4.9B in trailing twelve-month revenue with net income of $1.9B, representing a net margin of 39.2%. Gross margin stands at 72.0%. These figures are based on the Q1 2026 filing.
Who are Public Storage's competitors?
Public Storage's key competitors include Extra Space Storage Inc., CubeSmart, Global Self Storage, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Public Storage partner with?
Public Storage's notable partners include Google.
What subsidiaries does Public Storage have?
Public Storage's subsidiaries include Public Storage OP, L.P., Public Storage Operating Company, Shurgard Self Storage Limited.
Where is Public Storage headquartered?
Public Storage is headquartered in United States of America and employs approximately 6,200 people. It has been publicly traded since 1980.