# Public Storage: overview

PSA · NYSE · CIK 1393311 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/psa.md) · [Financials](/companies/psa/financials.md) · [Filings](/companies/psa/filings.md) · [Insiders](/companies/psa/insiders.md)

Latest reported revenue: [$1.37bn](/filings/0001628280-26-067286.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 26, 2026 (XBRL us-gaap:Revenues, accession 0001628280-26-067286).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,177 d](/filings/0001628280-26-007696.md) | [1,183](/filings/0001628280-26-027487.md) | [1,201](/filings/0001628280-26-050612.md) | [1,224](/filings/0001628280-26-067286.md) | [1,216 d](/filings/0001628280-26-007696.md) | [1,218](/filings/0001628280-26-027487.md) | [1,233](/filings/0001628280-26-050612.md) | [1,366](/filings/0001628280-26-067286.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | [39.2%](/filings/0001628280-26-027487.md) | [41.6%](/filings/0001628280-26-050612.md) | [40.2%](/filings/0001628280-26-067286.md) | not reported | [38.9%](/filings/0001628280-26-027487.md) | [37.9%](/filings/0001628280-26-050612.md) | [23.2%](/filings/0001628280-26-067286.md) |
| Net margin | % | [52.2% d](/filings/0001628280-26-007696.md) | [34.5%](/filings/0001628280-26-027487.md) | [29.8%](/filings/0001628280-26-050612.md) | [41.8%](/filings/0001628280-26-067286.md) | [41.7% d](/filings/0001628280-26-007696.md) | [43.2%](/filings/0001628280-26-027487.md) | [40.6%](/filings/0001628280-26-050612.md) | [26.9%](/filings/0001628280-26-067286.md) |
| Diluted EPS | $ per share | not reported | [2.04](/filings/0001628280-26-027487.md) | [1.76](/filings/0001628280-26-050612.md) | [2.62](/filings/0001628280-26-067286.md) | not reported | [2.71](/filings/0001628280-26-027487.md) | [2.55](/filings/0001628280-26-050612.md) | [1.69](/filings/0001628280-26-067286.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues; Operating income: us-gaap:OperatingIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,416](/filings/0001393311-24-000043.md) | [4,182](/filings/0001393311-25-000036.md) | [4,518](/filings/0001628280-26-007696.md) | [4,696](/filings/0001628280-26-007696.md) | [4,824](/filings/0001628280-26-007696.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [57.2%](/filings/0001393311-24-000043.md) | [104.0%](/filings/0001393311-25-000036.md) | [47.6%](/filings/0001628280-26-007696.md) | [44.1%](/filings/0001628280-26-007696.md) | [37.0%](/filings/0001628280-26-007696.md) |
| Diluted EPS | $ per share | [9.87](/filings/0001393311-24-000043.md) | [23.50](/filings/0001393311-25-000036.md) | [11.06](/filings/0001628280-26-007696.md) | [10.64](/filings/0001628280-26-007696.md) | [9.01](/filings/0001628280-26-007696.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/psa/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $5.50bn | 17,263,289 |  | Added +518,703 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $4.33bn | 13,608,702 |  | Added +66,452 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $3.29bn | 10,322,146 |  | Added +56,049 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $3.23bn | 10,133,791 |  | Reduced −100,654 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $3.02bn | 9,498,439 |  | Added +3,134,621 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $1.38bn | 4,341,196 |  | New +4,341,196 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.35bn | 4,263,663 |  | Added +40,697 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $1.06bn | 3,319,405 |  | Added +110,545 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $1.02bn | 3,152,507 |  | Reduced −674,577 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $981.3m | 3,082,787 |  | Reduced −536,916 |

## Recent filings

[All 1,814 filings](/companies/psa/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 16:14 ET | [10-Q](/filings/0001628280-26-067286.md) | Quarterly report, period 2026-09-30 | 0001628280-26-067286 |
| 2026-10-26 | 16:11 ET | [8-K](/filings/0001628280-26-067283.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-067283 |
| 2026-09-16 | 16:36 ET | [8-K](/filings/0001193125-26-393149.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-393149 |
| 2026-09-14 | 17:08 ET | [8-K](/filings/0001628280-26-061900.md) | 7.01 Regulation FD disclosure | 0001628280-26-061900 |
| 2026-09-10 | 16:51 ET | [8-K](/filings/0001193125-26-387986.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-387986 |
| 2026-09-01 | 09:19 ET | [8-K](/filings/0001193125-26-377690.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-377690 |
| 2026-08-10 | 16:36 ET | [8-K](/filings/0001193125-26-342525.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-342525 |
| 2026-07-29 | 16:09 ET | [10-Q](/filings/0001628280-26-050612.md) | Quarterly report, period 2026-06-30 | 0001628280-26-050612 |
| 2026-07-29 | 16:07 ET | [8-K](/filings/0001628280-26-050608.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-050608 |
| 2026-07-22 | 17:17 ET | [8-K](/filings/0001193125-26-312563.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 3.03 Change to security holders’ rights; 5.03 Amendment to articles or bylaws; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-312563 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-007696.md), filed Feb 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/ee856f4e-f2c2-4194-9a88-df0bd7ea966d)

## About the filer

- CIK: 1393311
- Tickers: PSA, PSA-PH, PSA-PU, PSA-PF, PSA-PG, PSA-PI, PSA-PJ, PSA-PK, PSA-PL, PSA-PM, PSA-PN, PSA-PO, PSA-PP, PSA-PQ, PSA-PR, PSA-PS, PSA-PT
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 17:10 ET. No prices; not investment advice.