Public Storage (PSA) FY2026 Q1 P&L / Income Statement

Revenue by Product and Service

2026-01-01 to 2026-03-31

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Public Storage (PSA) FY2026 Q1 P&L / Income StatementIncome statement for 2026-01-01 through 2026-03-31. View: Product and service. Revenue and costs use their disclosed categories.SOURCESREVENUEGROSSOPERATINGPRE-TAXNETSelf-storage facilitiesAncillary operations revenueTotal revenuesGross profit (calculated)Cost of revenue (calculated)Ancillary operations cost of revenueOperating incomeOperating expenses (calculated)Self-storage cost of operationsDepreciation and amortizationInterest expenseGeneral and administrativeReal estate acquisition and development expenseOther income (expense), net (calculated)Income before income taxesNet incomeIncome tax (provision) benefitOther income (expense), net (calculated)Other income,net (calculated)$56.67 MGross profit (calculated)Gross profit(calculated)$1.18 BIncome before income taxesPretax income$530.94 MTotal revenuesTotal revenues$1.22 BOperating incomeOperating income$474.28 MNet incomeNet income$529.38 MSelf-storage facilitiesSelf-storage facilities$1.13 BOperating expenses (calculated)Operating expenses(calculated)$709.20 MIncome tax (provision) benefitIncome tax(provision) benefit$1.57 MSelf-storage cost of operationsSelf-storage cost of operations$305.68 MAncillary operations revenueAncillary operations$89.62 MCost of revenue (calculated)Cost of revenue(calculated)$34.26 MDepreciation and amortizationDepreciation and amortization$290.72 MInterest expenseInterest expense$80.02 MAncillary operations cost of revenueAncillary operations$34.26 MGeneral and administrativeGeneral and administrative$30.35 MReal estate acquisition and development expenseReal estate acquisitionand development expense$2.43 M
Chart details

Public Storage (PSA) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Product and service. Revenue and costs use their disclosed categories.

Total revenues
1,217,741,000 US dollars
Cost of revenue (calculated)
34,264,000 US dollars
Gross profit (calculated)
1,183,477,000 US dollars
Operating expenses (calculated)
709,199,000 US dollars
Operating income
474,278,000 US dollars
Other income (expense), net (calculated)
56,666,000 US dollars
Income before income taxes
530,944,000 US dollars
Income tax (provision) benefit
1,569,000 US dollars
Net income
529,375,000 US dollars
Self-storage facilities
1,128,125,000 US dollars
Ancillary operations revenue
89,616,000 US dollars
Ancillary operations cost of revenue
34,264,000 US dollars
Self-storage cost of operations
305,679,000 US dollars
Depreciation and amortization
290,723,000 US dollars
Real estate acquisition and development expense
2,428,000 US dollars
General and administrative
30,351,000 US dollars
Interest expense
80,018,000 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: $526.27 M; to noncontrolling interests: $3.10 M.
Public Storage (PSA) FY2026 Q1 P&L / Income Statement Sankey chart, Product and service view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Gross margin

97.2%

Gross profit / revenue

Operating margin

38.9%

Operating profit / revenue

Cash conversion

131.2%

Operating cash / net income, same period

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