Public Storage (PSA) Depreciation and Depletion (2010 - 2026)
Public Storage (PSA) reported Depreciation and Depletion of $271.79 million for Q2 2026, up 5.4% from $257.84 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Public Storage (PSA) Depreciation and Depletion (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Public Storage's Depreciation and Depletion came in at $1.07 billion, up 5.3% year-over-year; for FY2025, it came in at $1.05 billion, up 4.4% from FY2024.
- Depreciation and Depletion has increased for 16 consecutive years, with a five-year compound annual growth rate of 14.6% (FY2020 to FY2025).
- By year, Depreciation and Depletion came in at $1 billion in FY2024 (+13.7%), $881.26 million in FY2023 (+12.7%), $781.93 million in FY2022 (+24.9%) and $625.97 million in FY2021 (+18.4%).
- The Q2 2026 figure ranks as the highest quarterly Depreciation and Depletion since Q4 2010.
- Year over year, Depreciation and Depletion has now increased in each of the last 56 quarters, with growth averaging 5.6% over the last eight quarters.
- Across the past five years, year-over-year growth in Depreciation and Depletion ran from 3.3% in Q2 2025 to 34.5% in Q1 2022.
- Per Business Quant data, the three quarters before Q2 2026 came in at $269.2 million (Q1 2026), $268.94 million (Q4 2025) and $263.03 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.26 Bn | 146.75 Bn | 1.39 Bn | - |
| 2 | Prologis | 124.07 Bn | 119.11 Bn | - | - |
| 3 | Simon Property | 64.51 Bn | 60.36 Bn | - | - |
| 4 | Realty Income | 51.60 Bn | 49.82 Bn | - | - |
| 5 | Public Storage | 50.71 Bn | 49.70 Bn | - | 271.79 Mn |
| 6 | Ventas | 41.44 Bn | 40.13 Bn | - | - |
| 7 | Extra Space Storage | 28.26 Bn | 28.26 Bn | 642.43 Mn | - |
| 8 | Vici Properties | 25.01 Bn | 23.13 Bn | 1.05 Bn | 998,000.00 |
| 9 | Vivmark Residential | 22.69 Bn | 22.47 Bn | - | 246.38 Mn |
| 10 | Essex Property Trust | 17.32 Bn | 17.08 Bn | - | 154.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 271.79 Mn |
| Mar 31, 2026 | 269.20 Mn |
| Dec 31, 2025 | 268.94 Mn |
| Sep 30, 2025 | 263.03 Mn |
| Jun 30, 2025 | 257.84 Mn |
| Mar 31, 2025 | 256.24 Mn |
| Dec 31, 2024 | 253.81 Mn |
| Sep 30, 2024 | 251.17 Mn |
| Jun 30, 2024 | 249.68 Mn |
| Mar 31, 2024 | 247.55 Mn |
| Dec 31, 2023 | 244.62 Mn |
| Sep 30, 2023 | 221.27 Mn |
| Jun 30, 2023 | 210.23 Mn |
| Mar 31, 2023 | 205.13 Mn |
| Dec 31, 2022 | 207.56 Mn |
| Sep 30, 2022 | 197.39 Mn |
| Jun 30, 2022 | 191.58 Mn |
| Mar 31, 2022 | 185.41 Mn |
| Dec 31, 2021 | 175.21 Mn |
| Sep 30, 2021 | 162.84 Mn |
API Access
Public Storage Depreciation and Depletion API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "ticker": "PSA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();