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

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

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated 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 Operations Reportable Segment

1,128,125,000 US dollars

Ancillary Operations

89,616,000 US dollars

Ancillary cost of operations

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

Self-Storage Operations Reportable Segment costs (calculated)

305,679,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Ancillary Operations costs (calculated)

34,264,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

403,520,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

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.