Public Storage (PSA-PS) Gross Margin (2014 - 2026)

Public Storage's Gross Margin history runs 13 years deep, the most recent figure standing at 97.19% for Q1 2026.

• On a quarterly basis, Gross Margin fell 22.0% year-over-year to 97.19% in Q1 2026; TTM through Mar 2026 was 97.19%, a 16.0% decrease from a year earlier, with the FY2025 full-year figure at 97.24%, down 17.0% from the prior year.
• Gross Margin was little changed at 97.19% in Q1 2026 per PSA-PS's latest filing, from 97.32% in the prior quarter.
• Across five years, Gross Margin topped out at 98.41% in Q1 2022 and bottomed at 97.03% in Q3 2025.
• The 5-year median for Gross Margin is 97.66% (2024), against an average of 97.72%.
• Across the five-year window, Gross Margin soared 53 bps in 2022 and sank 103 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 98.31% in 2022, then dropped by 0 bps to 98.02% in 2023, then retreated by 1 bps to 97.25% in 2024, then climbed by 0 bps to 97.32% in 2025, then retreated by 0 bps to 97.19% in 2026.
• Per Business Quant, the three latest PSA-PS Gross Margin figures stand at 97.19% (Q1 2026), 97.32% (Q4 2025), and 97.03% (Q3 2025).