Public Storage (PSA): financials, SEC filings and peers
Public Storage (PSA) is a self-storage reits company in the Real Estate sector of the S&P 500, headquartered in Glendale, California.
It was founded in 1972 and joined the S&P 500 on August 19, 2005.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Real Estate Investment Trusts”.
Public Storage at a glance
- Revenue (12 months)
- $5.0B
- Revenue growth
- +5.2%
- Operating margin
- 44.6%
- Net income (12 months)
- $1.9B
- Free cash flow (12 months)
- —
- Cash
- $560M
- Debt
- $12.2B
- Diluted EPS (12 months)
- $9.54
Twelve months to September 30, 2026, from the 10-Q filed October 26, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Public Storage reported revenue of $5.0 billion, about the same as a year earlier (+5.2%).
Its operating margin was 44.6%, down 1.5 percentage points from a year earlier: for every $100 of sales, about $45 was left as operating profit.
Net income was $1.9 billion (37.8% of revenue), 0.4% higher than a year earlier.
At the end of the period it held $560 million in cash and $12.2 billion in debt, a net debt position of $11.6 billion.
The diluted share count rose 5.2% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $2.9 billion in fiscal 2020 to $4.8 billion in fiscal 2025, about 10.6% a year.
- Revenue has grown for 5 fiscal years in a row.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.4B | $4.2B | $4.5B | $4.7B | $4.8B |
| Revenue growth | 17.2% | 22.4% | 8.0% | 3.9% | 2.7% |
| Operating margin | — | — | — | — | — |
| Net income | $2.0B | $4.3B | $2.1B | $2.1B | $1.8B |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 |
Fiscal years as reported in Public Storage’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed November 9, 2026 — Other event
- 8-K filed November 6, 2026 — Material agreement; New debt obligation
- 8-K filed October 30, 2026 — Material agreement
- 10-Q filed October 26, 2026 — quarterly report
- 8-K filed October 26, 2026 — Earnings results
- 8-K filed September 16, 2026 — Material agreement; New debt obligation
- 8-K filed September 14, 2026 — Regulation FD disclosure
- 8-K filed September 10, 2026 — Material agreement
Companies like Public Storage
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Questions about Public Storage
Is Public Storage's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $5.0 billion, up 5.2% from a year earlier, according to its SEC filings.
Is Public Storage profitable?
Yes. It earned $1.9 billion in net income over the twelve months to September 30, 2026, a net margin of 37.8%.
Does Public Storage have more cash or more debt?
At September 30, 2026 it had $560 million in cash and $12.2 billion in debt, so more debt than cash.
When did Public Storage last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 26, 2026.
Which companies are similar to Public Storage?
In the S&P 500, Public Storage is grouped in Self-Storage REITs within the Real Estate sector. Extra Space Storage (EXR) are in the same group.
Understand the numbers
Source: Public Storage’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.