Companies: 10,795·Total market cap: $144.5T
Public Storage

Public Storage

PSANYSEReal Estate● Active
$309.68
+$3.02(+0.98%)
Market Cap$54.4B
P/E Ratio—
52W High$313.51
52W Low$256.54
Net IncomeFinancialsRevenue

Public Storage (PSA) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

PSA · net income · updated Jun 8, 2026

Core profitability metrics

Net income was $1.78B for FY2025 (fiscal year ending 2025-12-31), down 13.9% year-over-year. Net profit margin was 37.0%. Based on available data, Public Storage has been profitable since at least 2011.

FY2025 Net Income$1.78B▼ -13.9% YoY
Trailing 12M (TTM)$1.90Btrailing 4 quarters sum
Net Profit Margin37.0%$1.78B ÷ $4.82B
YoY Change-13.9%—
5-Year CAGR+5.6%FY2020 → FY2025
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · PSA net income history · PSA profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025$1.78B▼ 13.9%37.0%
FY2024$2.07B▼ 3.6%44.1%
FY2023$2.15B▼ 50.6%47.5%
FY2022$4.35B▲ +122.7%104.0%
FY2021$1.95B▲ +43.9%57.2%

Net income vs peers (Real Estate)

#CompanyNet IncomeYoY
#1
Public Storage
Public StorageYOU
PSA
$1.78B-13.9%
#2
Simon Property Group, Inc.
Simon Property Group, Inc.
SPG
$4.61B+94.7%#3
Prologis, Inc.
Prologis, Inc.
PLD
$3.41B-8.6%#4
American Tower Corporation
American Tower Corporation
AMT
$2.53B+12.2%#5
Equinix, Inc.
Equinix, Inc.
EQIX
$1.35B+65.6%#6
Welltower Inc.
Welltower Inc.
WELL
$936.8M-1.6%
Real Estate · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Public Storage (PSA) reported net income of $1.78B for FY2025 (fiscal year ending 2025-12-31), down 13.9% year-over-year. The net profit margin was 37.0% — meaning the company kept $0.37 of every dollar of revenue as profit.

Based on available data, Public Storage has been profitable since at least 2011. Net income reached a peak of $4.35B in FY2022. Data available for 15 fiscal years.

Public Storage's net profit margin was 37.0% for FY2025, based on the latest annual results.

Investors sometimes search for "Public Storage net worth" — the company's market capitalization is a separate figure from PSA net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

PSA net income · 5 questions

Public Storage is profitable. The company reported net income of $1.78B for FY2025, a net profit margin of 37.0%. Net income was down 13.9% year-over-year. Based on available data, Public Storage has been profitable since at least 2011.

is PSA profitabledoes PSA make a profitPSA profitabilityPSA profitable company

▸ Source: FMP /income-statement · GAAP · Public Storage · Public Storage SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026