Public Storage — Earnings
Most recent reported period: FY2025 (Q4) (filed for period ending 2025-12-31) · sourced from SEC EDGAR
Next earnings (estimated): Wed, April 1, 2026 — 27 days overdue (likely already filed but EDGAR cache cold). Anchored to latest quarter-end + 91 days. Analyst-confirmed dates land in a follow-up wave.
YoY = vs same quarter prior year (seasonality-adjusted)
Recent earnings · last 8 quarters
| Quarter end | Revenue | YoY | Net Income | YoY | Op. Margin |
|---|---|---|---|---|---|
| 2025-12-31 | $1.22B | ↑+3.3% | $507M | ↓-17.5% | — |
| 2025-09-30 | $1.22B | ↑+3.1% | $511M | ↑+18.8% | — |
| 2025-06-30 | $1.20B | ↑+2.4% | $358M | ↓-30.8% | — |
| 2025-03-31 | $1.18B | ↑+2.2% | $408M | ↓-19.9% | — |
| 2024-12-31 | $1.18B | ↑+1.5% | $615M | ↑+39.9% | — |
| 2024-09-30 | $1.19B | ↑+3.8% | $430M | ↓-29.8% | — |
| 2024-06-30 | $1.17B | ↑+4.8% | $518M | ↓-10.4% | — |
| 2024-03-31 | $1.16B | ↑+5.8% | $509M | ↓-1.7% | — |
Analyst consensus estimates (EPS / Revenue) and implied move from options will land in a follow-up wave. For now, YoY-vs-prior-year-quarter is the surprise proxy.
Last earnings · FY2025 (Q4)
Revenue
$1.22B
↑+3.3% +$38M YoY
Net Income
$495M
↓-19.4% -$119M YoY
Earnings surprise · last 8 quarters
YoY % change · proxy for analyst surprise until estimates landEPS history · last 10 fiscal years
diluted, GAAP, annualNote: EPS reflects WEIGHTED-AVERAGE diluted shares for each fiscal year. Pre-stock- split values can blow up the early bars if SEC's XBRL data isn't split-adjusted — flagged as a known limitation; cumulative split-adjustment is a follow-up.
Margin trends · 71 quarters
margin trajectory tells the operating-leverage storyGross Margin↓-1.4pts
70.8%
Operating Margin↓-1.7pts
50.8%
Net Margin↓-10.5pts
41.7%
Go deeper
PSA Sankey — flow of dollars
See how revenue waterfalls through every line item to net income for the latest reported quarter, with prior-period comparison.
Open SankeyPSA Key Metrics — EPS, ROE, ROIC
10 CFA-grade fundamental ratios — EPS, BVPS, ROE, ROA, ROIC, Debt/Equity, Current Ratio. Compare across years.
Open Key Metrics