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Net margin at other companies

Extra Space Storage logo
Extra Space StorageEXR
27.7%-0.2pp
Realty Income logo
Realty IncomeO
19.1%+0.9pp
Prologis logo
PrologisPLD
37.4%-2.2pp
AvalonBay Communities logo
AvalonBay CommunitiesAVB
37.4%-1.5pp
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
29.3%+2.7pp
Northern Trust logo
Northern TrustNTRS
22.8%-3.9pp

Other financials

Income statement

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Revenue$1.2B+2.9%
Operating income$474.3M+2.2%
Net income$526.3M+29.0%
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

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Operating cash flow$694.8M-1.5%

Valuation

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Market cap$54.88B-9.4%
P/E28.8×-1.9×
P/S11.3×-1.5×

Profitability

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Gross margin72%
Operating margin51.6%

Returns & leverage

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Return on equity20.3%+0.1pp
Debt / equity1.1×+0.1×

Where this comes from

Calculated from Public Storage’s reported figures.

Based on trailing twelve months.

The official record: Public Storage’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Public Storage's net margin?
Public Storage (PSA) reported net margin of 39.2% in Q1 2026.
How has Public Storage's net margin changed year-over-year?
Public Storage's net margin decreased by 6.2% year-over-year, from 41.7% to 39.2%.
What is the long-term trend for Public Storage's net margin?
Over 4 years (2021 to 2025), Public Storage's net margin has grown at a -6.7% compound annual growth rate (CAGR), from 206.6% to 156.4%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.