What is Public Storage's land?

Public Storage (PSA) reported land of $5.96B in Q1 2026.

How has Public Storage's land changed year-over-year?

Public Storage's land increased by 3.5% year-over-year, from $5.76B to $5.96B.

What is the long-term trend for Public Storage's land?

Over 5 years (2020 to 2025), Public Storage's land has grown at a 6.3% compound annual growth rate (CAGR), from $4.38B to $5.95B.

Cost of owned land, which is not depreciated since land has an indefinite useful life.

Public Storage PSA Land

Land at other companies

U-Haul HoldingUHAL

$1.87B+2.9%

National Storage AffiliatesNSA

$1.03B-1.4%

Equity Lifestyle PropertiesELS

$2.09B0.0%

InvenTrust PropertiesIVT

$719.74M+1.0%

Americold Realty TrustCOLD

$823.9M—

Extra Space StorageEXR

——

Other financials

Income statement

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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 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$56.98B+12.3%

P/E29.9×+1.9×

P/S11.7×+1.0×

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:Land.

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 land?: Public Storage (PSA) reported land of $5.96B in Q1 2026.
How has Public Storage's land changed year-over-year?: Public Storage's land increased by 3.5% year-over-year, from $5.76B to $5.96B.
What is the long-term trend for Public Storage's land?: Over 5 years (2020 to 2025), Public Storage's land has grown at a 6.3% compound annual growth rate (CAGR), from $4.38B to $5.95B.
What does land mean?: Cost of owned land, which is not depreciated since land has an indefinite useful life.