Operating Income
Operating Income
Public Storage Operating Income increased by 2.2% to $474.28M in Q1 2026 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
operating_incomeHistorical Data
2 periods
| Q1 '25 | Q1 '26 | |
|---|---|---|
| Value | $464.01M | $474.28M |
| QoQ Change | — | +2.2% |
| YoY Change | — | +2.2% |
Range$464.01M – $474.28M
Avg YoY Growth+2.2%
Median YoY Growth+2.2%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Self-storage facilities | $826.24M | $822.68M | $821.73M | $801.84M | $833.94M | $844.37M | $832.22M | $822.45M |
| Ancillary operations | $45.93M | $43.38M | $44.93M | $49.49M | $49.15M | $48.82M | $54.30M | $55.35M |
| Total | — | — | — | $464.01M | — | — | — | $474.28M |
Operating Income at Other Companies
Frequently Asked Questions
- What is Public Storage's operating income?
- Public Storage (PSA) reported operating income of $474.28M in Q1 2026.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.