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Public Storage PSA Ancillary operations — Other Cost of Operating Revenue

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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$55.89B+14.3%
P/E29.4×+2.4×
P/S11.5×+1.2×

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:OtherCostOfOperatingRevenue.

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 ancillary operations — other cost of operating revenue?
Public Storage (PSA) reported ancillary operations — other cost of operating revenue of $34.26M in Q1 2026.
How has Public Storage's ancillary operations — other cost of operating revenue changed year-over-year?
Public Storage's ancillary operations — other cost of operating revenue increased by 11.6% year-over-year, from $30.69M to $34.26M.
What is the long-term trend for Public Storage's ancillary operations — other cost of operating revenue?
Over 4 years (2021 to 2025), Public Storage's ancillary operations — other cost of operating revenue has grown at a 18.0% compound annual growth rate (CAGR), from $68.57M to $132.94M.
What does ancillary operations — other cost of operating revenue mean?
This metric represents the direct costs associated with generating revenue from ancillary operations, such as the cost of goods sold for merchandise and administrative expenses related to insurance or management services. It excludes general corporate overhead and focuses on the variable costs required to maintain these service lines. Monitoring this helps evaluate the operational efficiency and margin profile of the company's ancillary business.