Public Storage (PSA-PG) Cost of Revenue (2014 - 2026)

Public Storage's Cost of Revenue history runs 13 years deep, the most recent figure standing at $34.3 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 11.63% year-over-year to $34.3 million; the TTM figure through Mar 2026 stood at $136.5 million (up 9.29% YoY), while the FY2025 annual figure was $132.9 million, up 9.61% from the prior year.
• Cost of Revenue was $34.3 million for Q1 2026 at Public Storage, up from $32.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $36.4 million in Q3 2025 to a low of $15.5 million in Q1 2022.
• Historically, Cost of Revenue has averaged $26.3 million across 5 years, with a median of $27.1 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue declined 4.92% in 2022, then soared 61.94% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $18.4 million in 2022, then increased by 24.77% to $23.0 million in 2023, then soared by 41.14% to $32.4 million in 2024, then gained by 0.52% to $32.6 million in 2025, then advanced by 5.2% to $34.3 million in 2026.
• The last three Cost of Revenue figures came in at $34.3 million (Q1 2026), $32.6 million (Q4 2025), and $36.4 million (Q3 2025), per Business Quant data.