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Companies / Real Estate / Public Storage
PSA

Public Storage

Real EstateREITsS&P 500
Ticker PSAFRISCO, TXFiscal year ends DecemberBook value per share $80.85Diluted shares 179.4M

Public Storage (NYSE: PSA) is a real estate investment trust that owns, develops, and operates self-storage facilities offering month-to-month rentals for personal and business use. Its customers also can purchase tenant insurance and storage merchandise, including locks and boxes. The company’s other operations… From the company’s description.

In fiscal 2025, Public Storage reported revenue of $4.82B, up 2.7% from fiscal 2024, and net income of $1.80B. Its operating margin was 46.4%, and operations generated $3.19B in cash. Over the twelve months to Sep 30, 2026, revenue was $5.03B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.82BFY2025
+2.7% year over year
Last 12 mo $5.03B
46.35%FY2025
−0.2 percentage points
Last 12 mo 36.07%
$1.80BFY2025
−13.8% year over year
Last 12 mo $1.92B
19.29%FY2025
−2 percentage points
Last 12 mo 13.10%
Cash & financing
$3.19BFY2025
+1.9% year over year
Last 12 mo $3.01B
$2.90BFY2025
+7.0% year over year
Last 12 mo $2.71B
1.11FY2025
Was 0.96× a year earlier
Last 12 mo 0.84
175.9MFY2025
−0.1% year over year
Last 12 mo 179.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Public Storage does

In the company’s own words

Public Storage (NYSE: PSA) is a real estate investment trust that owns, develops, and operates self-storage facilities offering month-to-month rentals for personal and business use. Its customers also can purchase tenant insurance and storage merchandise, including locks and boxes. The company’s other operations include reinsuring tenant insurance policies, managing facilities for third-party owners, and providing bridge loans to self-storage owners whose properties it manages. At December 31, 2025, Public Storage held interests in and consolidated 3,171 facilities, with 229 million net rentable square feet, across 40 states; its facilities operate under the Public Storage® name. It also managed 362 third-party facilities and held a 35% interest in Shurgard Self Storage Limited, which operates in Western Europe. Since a 2023 reorganization, Public Storage holds its facility interests through Public Storage OP, L.P. and subsidiaries. Its website is www.publicstorage.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
FRISCO, TX
Fiscal year end
December
CIK
1393311
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-503.26M$1.01B$2.52B$4.03B$5.54B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Public Storage — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

747
funds hold it
0 of 35
superinvestors hold it
$21.73B
held by funds, at market
39.7%
of shares held by funds

Largest fund holders · Public Storage’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.07%of fund net assets
—of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.49%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Public Storage and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Public Storage's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Public Storage's last four quarterly filings that the numbers alone won't show?”
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