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Public Storage (PSA-PR) Operating Expenses (2016 - 2025)

Public Storage has reported Operating Expenses over the past 17 years, most recently at $739.7 million for Q4 2025.

  • Quarterly results put Operating Expenses at $739.7 million for Q4 2025, up 5.27% from a year ago — trailing twelve months through Dec 2025 was $2.9 billion (up 3.4% YoY), and the annual figure for FY2025 was $2.9 billion, up 3.4%.
  • Operating Expenses for Q4 2025 was $739.7 million at Public Storage, up from $732.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for PSA-PR hit a ceiling of $739.7 million in Q4 2025 and a floor of $410.1 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $590.2 million (2023), compared with a mean of $605.4 million.
  • Biggest five-year swings in Operating Expenses: soared 31.51% in 2022 and later rose 2.04% in 2025.
  • Public Storage's Operating Expenses stood at $481.8 million in 2021, then increased by 12.35% to $541.4 million in 2022, then grew by 26.15% to $682.9 million in 2023, then grew by 2.9% to $702.7 million in 2024, then increased by 5.27% to $739.7 million in 2025.
  • The last three reported values for Operating Expenses were $739.7 million (Q4 2025), $732.5 million (Q3 2025), and $701.1 million (Q2 2025) per Business Quant data.