# PUBLIC STORAGE (PSA) FY2025 Annual P&L / Income Statement

- Company: PUBLIC STORAGE (PSA)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-12, accession number 0001628280-26-007696
- Page: https://plicit.ai/financials/psa/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/psa-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue and costs use their disclosed categories.

- **Revenues**: 4,824,113,000 US dollars
- **Cost of revenue (calculated)**: 132,937,000 US dollars
- **Gross profit (calculated)**: 4,691,176,000 US dollars
- **Operating expenses (calculated)**: 2,759,605,000 US dollars
- **Operating profit (calculated)**: 1,931,571,000 US dollars
- **Other income (expense), net (calculated)**: negative 141,767,000 US dollars
- **Income before income taxes**: 1,789,804,000 US dollars
- **Income tax (provision) benefit**: negative 7,228,000 US dollars
- **Net income**: 1,797,032,000 US dollars
- **Self-storage facilities**: 4,489,413,000 US dollars
- **Ancillary operations revenue**: 334,700,000 US dollars
- **Ancillary operations cost of revenue**: 132,937,000 US dollars
- **Self-storage cost of operations**: 1,177,038,000 US dollars
- **Depreciation and amortization**: 1,151,840,000 US dollars
- **Interest expense**: 304,495,000 US dollars
- **General and administrative**: 106,682,000 US dollars
- **Real estate acquisition and development expense**: 19,550,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to PUBLIC STORAGE: $1.78 B; to noncontrolling interests: $12.68 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/psa/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/psa-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 4,824,113,000 US dollars
- **Cost of revenue (calculated)**: 132,937,000 US dollars
- **Gross profit (calculated)**: 4,691,176,000 US dollars
- **Operating expenses (calculated)**: 2,759,605,000 US dollars
- **Operating profit (calculated)**: 1,931,571,000 US dollars
- **Other income (expense), net (calculated)**: negative 141,767,000 US dollars
- **Income before income taxes**: 1,789,804,000 US dollars
- **Income tax (provision) benefit**: negative 7,228,000 US dollars
- **Net income**: 1,797,032,000 US dollars
- **Self-Storage Operations Reportable Segment**: 4,489,413,000 US dollars
- **Ancillary Operations**: 334,700,000 US dollars
- **Ancillary cost of operations**: 132,937,000 US dollars
- **Self-storage cost of operations**: 1,177,038,000 US dollars
- **Depreciation and amortization**: 1,151,840,000 US dollars
- **Interest expense**: 304,495,000 US dollars
- **General and administrative**: 106,682,000 US dollars
- **Real estate acquisition and development expense**: 19,550,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to PUBLIC STORAGE: $1.78 B; to noncontrolling interests: $12.68 M.