Income Statement - Public Storage (PSA)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 4,824.11 | 4,695.62 | 4,517.69 | 4,182.16 | 3,415.82 | 2,915.07 | 2,855.11 | 2,759.52 | 2,668.53 | 2,560.55 | 2,381.70 | 2,177.30 | 1,964.94 | 1,842.50 | 1,735.89 | 1,613.78 | 1,324.75 | 1,375.48 | 1,339.64 | 1,381.01 |
| Cost of revenue | 3,619.93 | 1,258.00 | 1,147.95 | 1,052.91 | 920.60 | 867.46 | 813.15 | 757.08 | 707.98 | 669.08 | 635.50 | 613.32 | 559.76 | 555.90 | 560.51 | 528.40 | 520.91 | 15.47 | 657.74 | 498.44 |
| Gross profit | 1,204.19 | 3,437.62 | 3,369.74 | 3,129.26 | 2,495.23 | 2,047.61 | 2,041.96 | 2,002.44 | 1,960.55 | 1,891.47 | 1,746.19 | 1,563.97 | 1,405.18 | 1,286.60 | 1,175.38 | 1,085.37 | 1,102.01 | 120.73 | 1,156.76 | 882.57 |
| Total operating expenses | -1,050.13 | 1,236.44 | 1,050.69 | 1,002.89 | 789.39 | 636.46 | 575.06 | 588.36 | 537.41 | 516.97 | 514.19 | 508.57 | 454.08 | 414.62 | 412.57 | 392.73 | 375.18 | 36.48 | 745.82 | 522.23 |
| Operating income | 2,254.32 | 2,201.17 | 2,319.06 | 2,273.92 | 1,705.83 | 1,411.15 | 1,466.89 | 1,414.08 | 1,423.14 | 1,374.50 | 1,232.01 | 1,055.40 | 951.10 | 871.98 | 762.81 | 692.65 | 726.83 | 84.25 | 410.94 | 360.34 |
| Non-operating income (net) | -464.51 | -112.09 | -148.12 | 2,092.36 | 266.17 | -49.92 | 58.76 | 303.14 | 25.32 | 85.85 | 85.69 | 94.54 | 106.43 | 58.18 | 70.33 | -4.29 | 70.53 | 292.88 | 65.96 | 0.28 |
| Income before tax | 1,789.80 | 2,089.08 | 2,170.94 | 4,366.27 | 1,972.00 | 1,361.23 | 1,525.65 | 1,717.22 | 1,448.47 | 1,460.35 | 1,317.70 | 1,149.94 | 1,057.53 | 930.16 | 833.14 | 688.35 | 797.36 | 377.13 | 476.89 | 360.63 |
| Income tax expense | -7.23 | 4.67 | 10.82 | 2,211.55 | 12.37 | 140.79 | 120.31 | 337.57 | 94.59 | 67.83 | 57.99 | 100.80 | 69.10 | 56.30 | 33.09 | 90.55 | -19.16 | -972.25 | 16.81 | 44.42 |
| Net income | 1,784.35 | 2,072.01 | 2,148.33 | 4,349.15 | 1,953.26 | 1,357.21 | 1,520.53 | 1,711.03 | 1,442.22 | 1,453.58 | 1,311.24 | 1,144.20 | 1,052.45 | 939.26 | 823.84 | 672.04 | 834.62 | 935.18 | 457.54 | 314.03 |
Show Quarterly Income Statement
Income Statement - Public Storage (PSA)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,217.74 | 1,215.79 | 1,224.04 | 1,201.09 | 1,183.18 | 1,177.43 | 1,187.76 | 1,173.21 | 1,157.22 | 1,159.87 | 1,143.82 | 1,119.77 | 1,094.23 | 1,088.54 | 1,088.13 | 1,032.05 | 973.45 | 924.32 | 894.93 | 829.32 | 767.26 | 759.04 | 734.55 | 712.94 | 719.04 | 717.50 | 729.34 | 710.95 | 689.04 | 692.46 | 706.37 | 685.53 | 669.92 | 672.31 | 686.36 | 664.31 | 645.55 | 651.43 | 663.15 | 634.19 | 611.79 | 609.33 | 618.87 | 588.62 | 564.88 | 566.15 | 567.09 | 538.04 | 519.62 | 513.51 | 511.96 | 485.38 | 470.90 | 465.45 | 477.18 | 455.79 | 439.84 | 444.72 | 445.56 | 434.42 | 419.69 | 418.24 | 422.30 | 407.65 | 397.45 | 402.88 | 412.09 | 406.48 | 404.24 | 421.82 | 431.17 | 418.49 | 457.49 | 464.19 | 468.22 | 448.19 | 433.56 | 433.59 | 371.26 | 297.86 | 278.52 |
| Cost of revenue | 340.00 | 923.83 | 330.85 | 318.01 | 331.85 | 310.77 | 321.70 | 301.04 | 324.48 | 290.83 | 288.94 | 279.88 | 288.29 | 259.66 | 277.04 | 255.20 | 261.01 | 236.86 | 236.73 | 218.59 | 228.42 | 205.52 | 224.35 | 232.29 | 224.67 | 172.58 | 212.26 | 207.74 | 204.20 | 160.37 | 195.54 | 190.98 | 192.83 | 151.88 | 190.62 | 182.58 | 182.90 | 145.17 | 178.63 | 172.00 | 173.29 | 137.71 | 164.69 | 161.10 | 172.01 | 133.65 | 158.57 | 150.55 | 174.52 | 124.40 | 147.80 | 142.57 | 150.39 | 115.59 | 141.48 | 142.88 | 151.71 | 120.70 | 138.58 | 139.23 | 144.24 | 116.85 | 134.51 | 137.23 | 140.77 | 116.21 | 128.47 | 134.54 | 142.92 | 128.06 | 125.34 | 140.19 | 168.12 | 154.79 | 165.52 | 169.49 | 168.00 | 162.91 | 127.62 | 106.55 | 102.98 |
| Gross profit | 877.74 | 291.97 | 893.19 | 883.09 | 851.34 | 866.65 | 866.06 | 872.17 | 832.74 | 869.04 | 854.88 | 839.89 | 805.94 | 828.89 | 811.09 | 776.85 | 712.44 | 687.46 | 658.20 | 610.73 | 538.84 | 553.52 | 510.19 | 480.65 | 494.38 | 544.92 | 517.07 | 503.21 | 484.84 | 532.09 | 510.82 | 494.55 | 477.10 | 520.43 | 495.74 | 481.73 | 462.65 | 506.26 | 484.52 | 462.18 | 438.50 | 471.62 | 454.19 | 427.52 | 392.87 | 432.49 | 408.52 | 387.48 | 345.11 | 389.11 | 364.15 | 342.81 | 320.51 | 349.86 | 335.71 | 312.91 | 288.12 | 324.02 | 306.98 | 295.19 | 275.45 | 301.39 | 287.78 | 270.41 | 256.68 | 286.67 | 283.62 | 271.94 | 261.32 | 293.75 | 305.83 | 278.31 | 289.37 | 309.40 | 302.70 | 278.70 | 265.56 | 270.68 | 243.64 | 191.32 | 175.54 |
| Total operating expenses | 403.46 | -264.77 | 28.78 | 307.93 | 307.90 | 313.44 | 306.54 | 309.92 | 306.54 | 288.55 | 259.48 | 241.90 | 238.61 | 555.68 | 561.43 | 535.68 | 539.33 | 494.20 | 480.70 | 441.05 | 410.11 | 161.96 | 156.60 | 154.72 | 153.77 | 155.19 | 146.14 | 142.12 | 141.44 | 149.82 | 151.95 | 151.11 | 149.50 | 140.65 | 135.63 | 125.17 | 135.96 | 131.89 | 131.57 | 125.33 | 128.18 | 125.76 | 129.66 | 127.46 | 131.31 | 129.79 | 128.95 | 121.82 | 128.01 | 125.62 | 114.19 | 105.02 | 109.25 | 105.31 | 105.20 | 100.89 | 103.23 | 101.30 | 107.12 | 101.69 | 102.75 | 78.61 | 101.49 | 94.96 | 94.79 | 101.98 | 101.61 | 99.13 | 102.30 | 118.89 | 109.06 | 137.60 | 153.84 | 92.27 | 174.41 | 205.68 | 192.88 | 260.44 | 159.03 | 57.43 | 56.81 |
| Operating income | 474.28 | 556.73 | 864.41 | 575.16 | 543.44 | 553.22 | 559.51 | 562.25 | 526.20 | 580.48 | 595.40 | 597.99 | 567.33 | 532.87 | 526.70 | 496.37 | 434.12 | 430.12 | 414.23 | 388.27 | 357.16 | 391.56 | 353.60 | 325.93 | 340.61 | 389.72 | 370.93 | 361.09 | 343.39 | 382.27 | 358.88 | 343.45 | 327.60 | 379.78 | 360.11 | 356.57 | 326.69 | 374.37 | 352.95 | 336.85 | 310.33 | 345.86 | 324.53 | 300.06 | 261.56 | 302.70 | 279.57 | 265.66 | 217.10 | 263.50 | 249.97 | 237.79 | 211.26 | 244.55 | 230.51 | 212.02 | 184.90 | 222.72 | 199.86 | 193.50 | 172.70 | 222.78 | 186.29 | 175.45 | 161.88 | 184.70 | 182.01 | 172.81 | 159.02 | 174.87 | 196.77 | 140.70 | 135.52 | 217.13 | 128.29 | 73.02 | 72.68 | 10.23 | 84.61 | 133.89 | 118.73 |
| Non-operating income (net) | 56.67 | -61.40 | -346.81 | -210.51 | -131.22 | 63.77 | -123.88 | -38.96 | -13.02 | -127.77 | 24.08 | -14.31 | -43.81 | -82.55 | 2,251.45 | 160.53 | 82.18 | 191.90 | 77.40 | 23.46 | 77.11 | -39.13 | -27.75 | -10.12 | 26.53 | -2.63 | 28.49 | 10.37 | 24.29 | 205.69 | 20.70 | 61.85 | 16.85 | 11.18 | -1.85 | -1.34 | 17.38 | 41.31 | 16.10 | 21.51 | 6.94 | 19.40 | 16.61 | 27.98 | 21.69 | 45.73 | 15.44 | 12.58 | 11.16 | 34.48 | 35.66 | 23.89 | 0.99 | 27.54 | 22.37 | -13.33 | 21.59 | -3.59 | -6.99 | 17.26 | 38.18 | 473.33 | 56.66 | -44.28 | -32.50 | 605.76 | 61.08 | 40.91 | -5.31 | -62.67 | -168.24 | 3.35 | 401.02 | -2.45 | 3.60 | 1.49 | 5.42 | 0.96 | 9.66 | 5.55 | 3.58 |
| Income before tax | 530.94 | 495.33 | 517.60 | 364.65 | 412.22 | 616.99 | 435.63 | 523.28 | 513.18 | 452.72 | 619.48 | 583.68 | 523.52 | 450.31 | 2,778.15 | 656.89 | 516.30 | 622.02 | 491.63 | 411.73 | 434.26 | 352.43 | 325.85 | 315.81 | 367.14 | 387.10 | 399.42 | 371.46 | 367.68 | 587.96 | 379.58 | 405.29 | 344.44 | 390.95 | 358.26 | 355.22 | 344.07 | 415.68 | 369.05 | 358.36 | 317.26 | 365.26 | 341.14 | 328.04 | 283.25 | 348.43 | 295.02 | 278.24 | 228.25 | 297.98 | 285.63 | 261.68 | 212.25 | 272.09 | 252.88 | 198.70 | 206.49 | 219.14 | 192.87 | 210.76 | 210.89 | 696.11 | 242.95 | 131.18 | 129.38 | 790.46 | 243.09 | 213.72 | 153.71 | 112.20 | 28.53 | 144.06 | 536.54 | 214.68 | 131.89 | 74.50 | 78.09 | 11.19 | 94.28 | 139.44 | 122.31 |
| Income tax expense | 1.57 | -14.73 | 2.83 | 3.24 | 1.43 | -1.37 | 2.49 | 2.08 | 1.48 | 10.82 | 2.83 | 2.52 | 3.11 | -14.55 | -2,221.72 | -98.68 | -33.03 | 29.79 | 58.13 | 52.36 | 35.93 | -2.85 | 36.50 | 32.69 | 38.57 | -4.08 | 33.12 | 32.57 | 26.97 | -4.48 | 27.43 | 51.84 | 40.34 | -4.73 | 21.21 | 22.69 | 22.58 | -4.83 | 20.20 | 13.31 | 16.35 | -4.68 | 14.17 | 9.12 | 17.66 | -4.04 | 17.32 | 17.64 | 19.16 | -3.67 | 16.18 | 14.96 | 16.16 | 9.49 | 6.56 | 28.11 | -5.95 | 199.65 | 33.30 | 0.00 | -19.65 | 488.35 | -43.87 | 59.18 | 48.04 | 653.48 | -8.36 | -11.37 | -27.27 | -0.05 | -199.62 | 22.36 | -361.36 | 51.91 | -24.18 | 11.87 | 9.01 | 20.52 | 12.34 | 6.99 | 4.63 |
| Net income | 526.27 | 507.08 | 511.06 | 358.42 | 407.79 | 614.61 | 430.33 | 518.13 | 508.95 | 439.29 | 613.30 | 578.03 | 517.71 | 412.36 | 2,768.99 | 653.85 | 513.94 | 619.71 | 490.09 | 410.43 | 433.04 | 351.27 | 324.87 | 314.92 | 366.16 | 386.02 | 397.94 | 370.06 | 366.52 | 586.21 | 378.03 | 403.80 | 343.00 | 389.40 | 356.67 | 353.70 | 342.44 | 413.74 | 367.31 | 356.66 | 315.87 | 363.49 | 339.57 | 326.41 | 281.78 | 346.72 | 293.46 | 276.83 | 227.20 | 296.57 | 284.20 | 260.46 | 211.22 | 271.37 | 263.89 | 198.14 | 205.85 | 220.15 | 191.14 | 206.44 | 206.11 | 183.69 | 239.35 | 125.04 | 123.96 | 181.14 | 237.31 | 199.17 | 217.00 | 151.69 | 137.33 | 133.81 | 512.34 | 167.89 | 152.77 | 77.10 | 59.78 | -10.23 | 81.18 | 128.86 | 114.22 |