Public Storage (PSA-PS) Gross Margin (2014 - 2026)
Public Storage (PSA-PS) recorded quarterly Gross Margin of 97.19% in Q1 2026, little changed quarter-over-quarter from 97.32% in Q4 2025, and down 22.0% on a YoY basis from 124.6% in Q1 2025.
Public Storage (PSA-PS) Gross Margin (2014 - 2026) Analysis & Trends
Public Storage's Gross Margin history runs 13 years deep, the most recent figure standing at 97.19% for Q1 2026.
- In Q1 2026, Gross Margin fell 22.0% year-over-year to 97.19%; the TTM figure through Mar 2026 stood at 97.19% (down 16.0% YoY), while the FY2025 annual figure was 97.24%, down 17.0% from the prior year.
- Gross Margin was 97.19% for Q1 2026 at Public Storage, roughly flat from 97.32% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 98.41% in Q1 2022 to a low of 97.03% in Q3 2025.
- Historically, Gross Margin has averaged 97.72% across 5 years, with a median of 97.66% in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin jumped 53 bps in 2022, then sank 103 bps in 2024.
- A 5-year view of Gross Margin shows it 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.
- The last three Gross Margin figures came in at 97.19% (Q1 2026), 97.32% (Q4 2025), and 97.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | 99.29% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 97.19% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | -607.24% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 99.88% |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 32.15% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 68.05% |
| 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 | 97.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.19% |
| Dec 31, 2025 | 97.32% |
| Sep 30, 2025 | 97.03% |
| Jun 30, 2025 | 97.23% |
| Mar 31, 2025 | 97.41% |
| Dec 31, 2024 | 97.25% |
| Sep 30, 2024 | 97.12% |
| Jun 30, 2024 | 97.65% |
| Mar 31, 2024 | 97.66% |
| Dec 31, 2023 | 98.02% |
| Sep 30, 2023 | 98.15% |
| Jun 30, 2023 | 98.02% |
| Mar 31, 2023 | 98.20% |
| Dec 31, 2022 | 98.31% |
| Sep 30, 2022 | 98.02% |
| Jun 30, 2022 | 98.33% |
| Mar 31, 2022 | 98.41% |
| Dec 31, 2021 | 98.21% |
| Sep 30, 2021 | 97.79% |
| Jun 30, 2021 | 98.07% |