Public Storage (PSA-PS) Tax Rate (2023 - 2026)

Public Storage (PSA-PS) recorded quarterly Tax Rate of 0.3% in Q1 2026, up 109.94% quarter-over-quarter from 2.97% in Q4 2025, and down 5.0% on a YoY basis from 0.31% in Q1 2025.

Public Storage (PSA-PS) Tax Rate (2023 - 2026) Analysis & Trends

Public Storage's Tax Rate history runs 4 years deep, the most recent figure standing at 0.3% for Q1 2026.

  • In Q1 2026, Tax Rate fell 5.0% year-over-year to 0.3%; the TTM figure through Mar 2026 stood at 0.37% (down 60.0% YoY), while the FY2025 annual figure was 0.4%, down 63.0% from the prior year.
  • Tax Rate was 0.3% for Q1 2026 at Public Storage, up from 2.97% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 0.89% in Q2 2025 to a low of 2.97% in Q4 2025.
  • Historically, Tax Rate has averaged 0.17% across 4 years, with a median of 0.43% in 2023.
  • Biggest YoY gain for Tax Rate was 49 bps in 2025; the steepest drop was 275 bps in 2025.
  • A 4-year view of Tax Rate shows it stood at 0.53% in 2023, then slumped by 142 bps to 0.22% in 2024, then tumbled by 1236 bps to 2.97% in 2025, then surged by 110 bps to 0.3% in 2026.
  • The last three Tax Rate figures came in at 0.3% (Q1 2026), 2.97% (Q4 2025), and 0.55% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Prologis 137.79 Bn 141.12 Bn 2.24 Bn -3.97%
2 Public Storage 57.19 Bn 57.15 Bn 1.18 Bn 0.30%
3 Extra Space Storage 31.69 Bn 32.52 Bn -204.61 Mn 4.36%
4 Eastgroup Properties 10.93 Bn 10.93 Bn 190.03 Mn -
5 Lineage 10.07 Bn 10.97 Bn 417.00 Mn -8.51%
6 CubeSmart 9.54 Bn 9.57 Bn 191.86 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 0.30%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.30%
Mar 31, 2026 0.30%
Dec 31, 2025 -2.97%
Dec 31, 2025 -2.97%
Sep 30, 2025 0.55%
Sep 30, 2025 0.55%
Jun 30, 2025 0.89%
Jun 30, 2025 0.89%
Mar 31, 2025 0.35%
Mar 31, 2025 0.35%
Dec 31, 2024 -0.22%
Dec 31, 2024 -0.22%
Sep 30, 2024 0.57%
Sep 30, 2024 0.57%
Jun 30, 2024 0.40%
Jun 30, 2024 0.40%
Mar 31, 2024 0.29%
Mar 31, 2024 0.29%
Dec 31, 2023 0.53%
Dec 31, 2023 0.53%