Public Storage (PSA-PH) 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.

• On a quarterly basis, Operating Expenses rose 3.38% year-over-year to $743.5 million in Q1 2026; TTM through Mar 2026 was $2.9 billion, a 3.65% increase from a year earlier, with the FY2025 full-year figure at $2.9 billion, up 3.4% from the prior year.
• Operating Expenses grew to $743.5 million in Q1 2026 per PSA-PH's latest filing, from $739.7 million in the prior quarter.
• Across five years, Operating Expenses topped out at $743.5 million in Q1 2026 and bottomed at $535.7 million in Q2 2022.
• The 5-year median for Operating Expenses is $687.1 million (2024), against an average of $649.3 million.
• Across the five-year window, Operating Expenses soared 31.51% in 2022 and climbed 2.04% in 2025, its largest moves.
• Year by year, Operating Expenses 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.
• Per Business Quant, the three latest PSA-PH Operating Expenses figures stand at $743.5 million (Q1 2026), $739.7 million (Q4 2025), and $732.5 million (Q3 2025).