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Public Storage PSA Q1 2026 earnings

Reported April 27, 2026 · After market close

Revenue$1.2BBeat by $2.6MDiluted EPS$2.72Beat by $0.30
Revenue estimate$1.2B
EPS estimate$2.42

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

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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

as of 07/09/26
See full
Market cap$56.32B-9.4%
P/E29.6×-2.0×
P/S11.6×-1.6×

Profitability

See full
Net margin39.2%-2.6pp

Returns & leverage

See full
Return on equity20.3%+0.1pp

Versus estimates

Revenue

Q1 2026$1.2BBeat by $2.6M
Q4 2025$1.2BBeat by $2.1MQ3 2025$1.2BBeat by $12.2MQ2 2025$1.2BMiss by $18.4MQ1 2025$1.2BBeat by $6.8MQ4 2024$1.2BMiss by $2.6M

Diluted EPS

Q1 2026$2.72Beat by $0.30
Q4 2025$2.60Beat by $0.11Q3 2025$4.31Beat by $0.07Q2 2025$4.28Beat by $0.05Q1 2025$4.12Beat by $0.06Q4 2024$4.21Miss by $0.02

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Questions, answered.

When did Public Storage report Q1 2026 earnings?
Public Storage (PSA) reported Q1 2026 earnings on April 27, 2026 after market close.
What were Public Storage's Q1 2026 revenue and EPS?
Public Storage reported revenue of $1.2B and diluted EPS of $2.72 for Q1 2026.
Did Public Storage beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.2B by $2.6M. EPS beat the consensus estimate of $2.42 by $0.30.
How did Public Storage's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.9% from $1.2B a year earlier and diluted EPS declined 34.0% from $4.12.
Where can I find Public Storage's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-027484) and the 10-Q periodic report (0001628280-26-027487) directly on SEC EDGAR. The filing index links above go to sec.gov.