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

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

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.