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Public Storage PSA Return on assets

Return on assets at other companies

Extra Space Storage logo
Extra Space StorageEXR
3.3%0.0pp
Realty Income logo
Realty IncomeO
1.6%+0.1pp
Prologis logo
PrologisPLD
3.4%0.0pp
AvalonBay Communities logo
AvalonBay CommunitiesAVB
5.3%-0.2pp
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
2.9%+0.5pp
Northern Trust logo
Northern TrustNTRS
1.1%-0.3pp

Other financials

Income statement

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Revenue$1.2B+2.9%
Operating income$474.3M+2.2%
Net income$526.3M+29.0%
EPS (diluted)$2.71+32.8%

Balance sheet

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Cash & equivalents$134.6M-53.1%
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$54.88B-9.4%
P/E28.8×-1.9×
P/S11.3×-1.5×

Profitability

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Gross margin72%
Operating margin51.6%
Net margin39.2%-2.6pp

Returns & leverage

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Return on equity20.3%+0.1pp
Debt / equity1.1×+0.1×

Where this comes from

Calculated from Public Storage’s reported figures.

Based on trailing twelve months.

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 return on assets?
Public Storage (PSA) reported return on assets of 9.6% in Q1 2026.
How has Public Storage's return on assets changed year-over-year?
Public Storage's return on assets decreased by 4.0% year-over-year, from 10% to 9.6%.
What is the long-term trend for Public Storage's return on assets?
Over 4 years (2021 to 2025), Public Storage's return on assets has grown at a -6.6% compound annual growth rate (CAGR), from 49.3% to 37.4%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.