# Public Storage (PSA) FY2025 Q1 P&L / Income Statement

- Company: Public Storage (PSA)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-04-30, accession number 0001393311-25-000069
- Page: https://plicit.ai/financials/psa/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/psa-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue and costs use their disclosed categories.

- **Revenues**: 1,183,184,000 US dollars
- **Cost of revenue (calculated)**: 30,693,000 US dollars
- **Gross profit (calculated)**: 1,152,491,000 US dollars
- **Operating expenses (calculated)**: 688,485,000 US dollars
- **Operating profit (calculated)**: 464,006,000 US dollars
- **Other income (expense), net (calculated)**: negative 51,789,000 US dollars
- **Income before income tax expense**: 412,217,000 US dollars
- **Income tax expense**: 1,426,000 US dollars
- **Net income**: 410,791,000 US dollars
- **Self-storage facilities**: 1,102,998,000 US dollars
- **Ancillary operations revenue**: 80,186,000 US dollars
- **Ancillary operations cost of revenue**: 30,693,000 US dollars
- **Self-storage cost of operations**: 301,154,000 US dollars
- **Depreciation and amortization**: 282,715,000 US dollars
- **Interest expense**: 72,009,000 US dollars
- **General and administrative**: 25,184,000 US dollars
- **Real estate acquisition and development expense**: 7,423,000 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: $407.79 M; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/psa/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/psa-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 1,183,184,000 US dollars
- **Cost of revenue (calculated)**: 30,693,000 US dollars
- **Gross profit (calculated)**: 1,152,491,000 US dollars
- **Operating expenses (calculated)**: 688,485,000 US dollars
- **Operating profit (calculated)**: 464,006,000 US dollars
- **Other income (expense), net (calculated)**: negative 51,789,000 US dollars
- **Income before income tax expense**: 412,217,000 US dollars
- **Income tax expense**: 1,426,000 US dollars
- **Net income**: 410,791,000 US dollars
- **Self-Storage Operations Reportable Segment**: 1,102,998,000 US dollars
- **Ancillary Operations**: 80,186,000 US dollars
- **Ancillary cost of operations**: 30,693,000 US dollars
- **Self-storage cost of operations**: 301,154,000 US dollars
- **Depreciation and amortization**: 282,715,000 US dollars
- **Interest expense**: 72,009,000 US dollars
- **General and administrative**: 25,184,000 US dollars
- **Real estate acquisition and development expense**: 7,423,000 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: $407.79 M; to noncontrolling interests: $3.00 M.