Public Storage (PSA-PF) Operating Expenses (2009 - 2026)

Public Storage's Operating Expenses history runs 18 years deep, the most recent figure standing at $743.5 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 3.38% year-over-year to $743.5 million; the TTM figure through Mar 2026 stood at $2.9 billion (up 3.65% YoY), while the FY2025 annual figure was $2.9 billion, up 3.4% from the prior year.
• Operating Expenses was $743.5 million for Q1 2026 at Public Storage, up from $739.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $743.5 million in Q1 2026 to a low of $535.7 million in Q2 2022.
• Historically, Operating Expenses has averaged $649.3 million across 5 years, with a median of $687.1 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 31.51% in 2022, then gained 2.04% in 2025.
• A 5-year view of Operating Expenses shows it stood at $541.4 million in 2022, then rose by 26.15% to $682.9 million in 2023, then climbed by 2.9% to $702.7 million in 2024, then gained by 5.27% to $739.7 million in 2025, then climbed by 0.5% to $743.5 million in 2026.
• The last three Operating Expenses figures came in at $743.5 million (Q1 2026), $739.7 million (Q4 2025), and $732.5 million (Q3 2025), per Business Quant data.