What is Public Storage's operating income?

Public Storage (PSA) reported operating income of $474.28M in Q1 2026.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Public Storage PSA Operating Income

Operating Income at other companies

U-Haul HoldingUHAL

$33.67M-77.7%

Extra Space StorageEXR

$367.55M-5.4%

Janus International GroupJBI

$13.1M-48.2%

PrologisPLD

$940.26M-24.8%

Equity Lifestyle PropertiesELS

$112.37M+2.6%

InvenTrust PropertiesIVT

-$9.77M-26.6%

Other financials

Income statement

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Revenue$1.2B+2.9%

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 debt$10.3B+9.6%

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$56.32B+10.7%

P/E29.6×+3.8×

P/S11.6×+0.8×

Profitability

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Gross margin72%—

Operating margin51.6%—

Net margin39.2%-2.6pp

FCF margin64.3%—

Returns & leverage

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Return on equity20.3%+0.1pp

Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Public Storage in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: Public Storage (PSA) reported operating income of $474.28M in Q1 2026.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.