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Public Storage Income Statement

Revenue, expenses, and profitability over time

Public Storage generated $4.9B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.9B with a 39.16% net margin. Gross margin stands at 72.01% and operating margin at 51.56%. Diluted EPS is $9.68, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.9BOperating Income$474.3MNet Income (TTM)$1.9BEps Diluted (TTM)$9.68
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$57.0B
P/E Ratio29.96
ROE20.25%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$280.9M$282.7M$283.2M$290.4M$295.5M$290.7M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$4.4M$3.6M-$2.2M$3.7M$4.5M$6.8M
Other income (expense), net$122.8M-$68.7M-$146.1M$899K-$1.7M$41.7M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$617M$412.2M$364.7M$517.6M$495.3M$530.9M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$614.6M$407.8M$358.4M$511.1M$507.1M$526.3M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income—$464M———$474.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allocation Of Net Income To Restricted Share Units And Unvested LTIP Units$1.5M$883K$778K$977K$1.4M$807K
Capital Expenditures To Maintain Real Estate Facilities$64.8M$36M$48.3M$55M$79.2M$44M
Gain (Loss), Foreign Currency Transaction, before Tax$122.8M-$68.7M-$146.1M$899K-$1.7M$41.7M
Gain (loss) on real estate dispositions, net$109K$45K$163K$502K$403K$379K
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$508.6M-$578.8M—-$987.3M-$347.6M-$731M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$411.6M-$286.5M-$338.3M-$696M-$364.3M-$147.3M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$768.6M$705.1M$872.7M$875.1M$733.6M$694.8M
Cash disbursed for acquisitions$221.2M$141M$162.3M$511.3M$131M$20.8M
Proceeds from Noncontrolling Interests$953K$1.2M$1.5M$1M$863K$856K
Proceeds From Real Estate And Real Estate Joint Ventures$2.4M$2.6M$250K$1.1M$4.2M$674K
Real estate acquisition and development expense$6.4M$7.4M$2.5M$2.8M$6.8M$2.4M
Repayments of Notes Payable$32K$33K$32K$400M$251.4M$500M
Stock-based compensation$12.6M$10.3M$10.6M$9.5M$9.5M$11.9M