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Public Storage PSA Self-storage facilities — Indirect Cost Of Operations

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EXRSelf-Storage Operations — Operating Income (Loss)
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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$56.96B+10.1%
P/E29.9×+1.4×
P/S11.7×+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 psa:IndirectCostOfOperations.

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 self-storage facilities — indirect cost of operations?
Public Storage (PSA) reported self-storage facilities — indirect cost of operations of $37.45M in Q1 2026.
How has Public Storage's self-storage facilities — indirect cost of operations changed year-over-year?
Public Storage's self-storage facilities — indirect cost of operations increased by 5.4% year-over-year, from $35.52M to $37.45M.
What does self-storage facilities — indirect cost of operations mean?
This represents the overhead and administrative expenses associated with managing the self-storage facility portfolio that are not directly tied to specific unit rentals. It includes costs such as regional management salaries, corporate support, and general facility maintenance overhead. Monitoring this helps evaluate the scalability and operational efficiency of the company's management platform.