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Public Storage PSA Ancillary operations — 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$60.22B+20.0%
P/E31.7×+3.9×
P/S12.4×+1.8×

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:Revenues.

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 — revenue?
Public Storage (PSA) reported ancillary operations — revenue of $89.62M in Q1 2026.
How has Public Storage's ancillary operations — revenue changed year-over-year?
Public Storage's ancillary operations — revenue increased by 11.8% year-over-year, from $80.19M to $89.62M.
What is the long-term trend for Public Storage's ancillary operations — revenue?
Over 4 years (2021 to 2025), Public Storage's ancillary operations — revenue has grown at a 12.1% compound annual growth rate (CAGR), from $212.26M to $334.7M.
What does ancillary operations — revenue mean?
This metric represents the total revenue generated from business activities outside of core self-storage rental operations, such as the sale of packing supplies, tenant insurance premiums, and third-party property management fees. It reflects the company's ability to monetize the existing customer base through value-added services and operational expertise. These revenues serve as a high-margin complement to the primary rental income stream.