Public Storage (PSA-PI) Operating Income (2011 - 2026)
Public Storage (PSA-PI) recorded quarterly Operating Income of $474.3 million in Q1 2026, up 6.95% quarter-over-quarter from $443.5 million in Q4 2025, and up 2.21% on a YoY basis from $464.0 million in Q1 2025.
Public Storage (PSA-PI) Operating Income (2011 - 2026) Analysis & Trends
Public Storage's Operating Income history runs 16 years deep, the most recent figure standing at $474.3 million for Q1 2026.
- In Q1 2026, Operating Income rose 2.21% year-over-year to $474.3 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 1.45% YoY), while the FY2025 annual figure was $1.8 billion, up 1.22% from the prior year.
- Operating Income was $474.3 million for Q1 2026 at Public Storage, up from $443.5 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $534.6 million in Q2 2023 to a low of $418.6 million in Q1 2022.
- Historically, Operating Income has averaged $471.6 million across 5 years, with a median of $464.0 million in 2025.
- The sharpest annual moves came in 2022 and 2024: Operating Income jumped 1218.86% in 2022, then dropped 15.5% in 2024.
- A 5-year view of Operating Income shows it stood at $528.8 million in 2022, then decreased by 14.14% to $454.0 million in 2023, then dropped by 2.57% to $442.3 million in 2024, then advanced by 0.26% to $443.5 million in 2025, then increased by 6.95% to $474.3 million in 2026.
- The last three Operating Income figures came in at $474.3 million (Q1 2026), $443.5 million (Q4 2025), and $455.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | 1.63 Bn |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 474.28 Mn |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | 367.55 Mn |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 76.17 Mn |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 36.00 Mn |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 23.17 Mn |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | - |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | - |
| 10 | Public Storage | - | - | 1.18 Bn | 474.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 474.28 Mn |
| Dec 31, 2025 | 443.48 Mn |
| Sep 30, 2025 | 455.13 Mn |
| Jun 30, 2025 | 466.71 Mn |
| Mar 31, 2025 | 464.01 Mn |
| Dec 31, 2024 | 442.32 Mn |
| Sep 30, 2024 | 448.47 Mn |
| Jun 30, 2024 | 458.56 Mn |
| Mar 31, 2024 | 427.63 Mn |
| Dec 31, 2023 | 454.01 Mn |
| Sep 30, 2023 | 510.83 Mn |
| Jun 30, 2023 | 534.56 Mn |
| Mar 31, 2023 | 506.08 Mn |
| Dec 31, 2022 | 528.79 Mn |
| Sep 30, 2022 | 505.13 Mn |
| Jun 30, 2022 | 479.16 Mn |
| Mar 31, 2022 | 418.60 Mn |
| Dec 31, 2021 | 425.96 Mn |
| Sep 30, 2021 | 394.49 Mn |
| Jun 30, 2021 | 36.33 Mn |