Public Storage's earnings have been declining at an average annual rate of -3.8%, while the Specialized REITs industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 8.2% per year. Public Storage's return on equity is 20.6%, and it has net margins of 35%.
Key information
-3.80%
Earnings growth rate
-3.86%
EPS growth rate
Specialized REITs Industry Growth
18.00%
Revenue growth rate
8.24%
Return on equity
20.55%
Net Margin
34.98%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Public Storage makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
NYSE:PSA.PRK Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
4,871
1,704
207
0
31 Dec 25
4,834
1,586
205
0
30 Sep 25
4,795
1,693
107
0
30 Jun 25
4,758
1,612
107
0
31 Mar 25
4,739
1,772
214
0
31 Dec 24
4,715
1,873
213
0
30 Sep 24
4,699
1,698
177
0
30 Jun 24
4,659
1,880
144
0
31 Mar 24
4,609
1,940
114
0
31 Dec 23
4,546
1,949
171
0
30 Sep 23
4,476
1,922
59
0
30 Jun 23
4,421
4,071
56
0
31 Mar 23
4,347
4,146
66
0
31 Dec 22
4,289
4,142
72
0
30 Sep 22
4,091
4,338
92
0
30 Jun 22
3,910
2,068
106
0
31 Mar 22
3,705
1,811
105
0
31 Dec 21
3,648
1,732
76
0
30 Sep 21
3,307
1,467
109
0
30 Jun 21
3,148
1,271
97
0
31 Mar 21
3,028
1,171
84
0
31 Dec 20
2,996
1,098
80
0
30 Sep 20
2,969
1,133
60
0
30 Jun 20
2,962
1,224
58
0
31 Mar 20
2,961
1,284
58
0
31 Dec 19
2,925
1,273
62
0
30 Sep 19
2,889
1,476
79
0
30 Jun 19
2,865
1,461
89
0
31 Mar 19
2,875
1,503
106
0
31 Dec 18
2,825
1,489
104
0
30 Sep 18
2,836
1,293
110
0
30 Jun 18
2,815
1,250
105
0
31 Mar 18
2,762
1,178
88
0
31 Dec 17
2,744
1,172
82
0
30 Sep 17
2,717
1,190
81
0
30 Jun 17
2,694
1,220
81
0
31 Mar 17
2,653
1,224
85
0
31 Dec 16
2,614
1,184
82
0
30 Sep 16
2,590
1,134
82
0
30 Jun 16
2,541
1,099
80
0
31 Mar 16
2,492
1,082
83
0
31 Dec 15
2,419
1,053
84
0
30 Sep 15
2,379
1,034
84
0
30 Jun 15
2,329
992
82
0
Quality Earnings: PSA.PRK has high quality earnings.
Growing Profit Margin: PSA.PRK's current net profit margins (35%) are lower than last year (37.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PSA.PRK's earnings have declined by 3.8% per year over the past 5 years.
Accelerating Growth: PSA.PRK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PSA.PRK had negative earnings growth (-3.8%) over the past year, making it difficult to compare to the Specialized REITs industry average (9%).
Return on Equity
High ROE: Whilst PSA.PRK's Return on Equity (20.55%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/21 16:54
End of Day Share Price
2026/05/21 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Public Storage is covered by 44 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.