Public Storage (PSA) — Financial statements
Income statement, balance sheet, and cash flow for Public Storage — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,824↑2.7% | 4,696↑3.9% | 4,518↑8.0% | 4,182↑22.4% | 3,416 | |
| Cost of Revenue | 3,620↑187.8% | 1,258↑9.6% | 1,148↑9.0% | 1,053↑14.4% | 921 | |
| Gross Profit | 1,204↓65.0% | 3,438↑2.0% | 3,370↑7.7% | 3,129↑25.4% | 2,495 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00↓100.0% | 18↑108.7% | 8 | |
| General & Administrative Expenses | 107↑0.0% | 107↑32.3% | 81↑12.5% | 72↓5.7% | 76 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 107↑0.0% | 107↑32.3% | 81↑12.5% | 72↓5.7% | 76 | |
| Other Expenses | -1,157↓202.4% | 1,130↑16.5% | 970↑11.4% | 871↑23.5% | 705 | |
| Operating Expenses | -1,050↓184.9% | 1,236↑17.7% | 1,051↑9.5% | 960↑21.6% | 789 | |
| Total Costs & Expenses | 2,570↑3.0% | 2,494↑13.5% | 2,199↑9.2% | 2,013↑17.7% | 1,710 | |
| Operating Results | ||||||
| Operating Income | 2,254↑2.4% | 2,201↓5.1% | 2,319↑6.9% | 2,169↑27.2% | 1,706 | |
| Depreciation & Amortization | 1,152↑2.0% | 1,130↑16.5% | 970↑9.2% | 888↑24.5% | 713 | |
| EBITDA | 3,246↓7.4% | 3,506↑4.9% | 3,342↓38.2% | 5,405↑94.7% | 2,776 | |
| EBIT | 2,094↓11.9% | 2,376↑0.2% | 2,372↓47.5% | 4,517↑119.0% | 2,063 | |
| Interest & Other Income | ||||||
| Net Interest Income | -268↓10.4% | -243↓78.1% | -136↓18.0% | -115↓47.2% | -78 | |
| Interest Income | 37↓18.0% | 45↓31.1% | 65↑211.3% | 21↑69.2% | 12 | |
| Interest Expense | 304↑5.9% | 287↑42.9% | 201↑47.5% | 136↑50.2% | 91 | |
| Non-Operating Income | 160↑191.3% | -175↓230.7% | -53↑97.7% | -2,347↓557.7% | -357 | |
| Other Income / Expenses | -465↓314.4% | -112↑24.3% | -148↓106.7% | 2,211↑730.7% | 266 | |
| Income Before Tax | 1,790↓14.3% | 2,089↓3.8% | 2,171↓50.4% | 4,381↑122.1% | 1,972 | |
| Income Tax Expense | -7↓254.8% | 5↓56.9% | 11↓24.5% | 14↑15.9% | 12 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,797↓13.8% | 2,084↓3.5% | 2,160↓50.5% | 4,366↑122.8% | 1,960 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,784↓13.9% | 2,072↓3.6% | 2,148↓50.6% | 4,349↑122.7% | 1,953 | |
| Bottom-Line Net Income | 1,586↓15.3% | 1,873↓3.9% | 1,949↓53.0% | 4,142↑139.1% | 1,732 | |
| EPS (Basic) | 9.04↓15.4% | 10.68↓3.9% | 11.11↓53.0% | 23.64↑138.5% | 9.91 | |
| EPS (Diluted) | 9.01↓15.3% | 10.64↓3.8% | 11.06↓52.9% | 23.50↑138.1% | 9.87 | |
| Weighted Average Shares | 175↑0.1% | 175↓0.1% | 175↑0.1% | 175↑0.2% | 175 | |
| Weighted Average Diluted Shares | 176↓0.1% | 176↓0.1% | 176↓0.1% | 176↑0.4% | 176 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.