Public Storage (PSA) EBIT Margin (2009 - 2026)
Public Storage's (PSA) quarterly EBIT Margin came in at 38.95% in Q1 2026, down 27.0% year-on-year from 53.35% in Q1 2025, and up 6.77% quarter-over-quarter from 36.48% in Q4 2025.
Public Storage (PSA) EBIT Margin (2009 - 2026) Analysis & Trends
Public Storage's EBIT Margin history runs 18 years deep, the most recent figure standing at 38.95% for Q1 2026.
- On a quarterly basis, EBIT Margin fell 27.0% year-over-year to 38.95% in Q1 2026; TTM through Mar 2026 was 37.86%, a 54.0% decrease from a year earlier, with the FY2025 full-year figure at 37.28%, down 56.0% from the prior year.
- EBIT Margin advanced to 38.95% in Q1 2026 per PSA's latest filing, from 36.48% in the prior quarter.
- Across five years, EBIT Margin topped out at 48.58% in Q4 2022 and bottomed at 36.48% in Q4 2025.
- The 5-year median for EBIT Margin is 39.14% (2023), against an average of 41.43%.
- Biggest YoY gain for EBIT Margin was 4205 bps in 2022; the steepest drop was 2272 bps in 2022.
- Year by year, EBIT Margin stood at 48.58% in 2022, then decreased by 19 bps to 39.14% in 2023, then decreased by 4 bps to 37.57% in 2024, then fell by 3 bps to 36.48% in 2025, then grew by 7 bps to 38.95% in 2026.
- Per Business Quant, the three latest PSA EBIT Margin figures stand at 38.95% (Q1 2026), 36.48% (Q4 2025), and 37.18% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 134.75 Bn | 139.31 Bn | 2.24 Bn | 72.20% |
| 2 | Public Storage | 55.31 Bn | 55.27 Bn | 1.18 Bn | 38.95% |
| 3 | Extra Space Storage | 30.66 Bn | 31.49 Bn | 617.72 Mn | 42.94% |
| 4 | Eastgroup Properties | 11.49 Bn | 11.49 Bn | 193.10 Mn | 40.64% |
| 5 | CubeSmart | 9.34 Bn | 9.36 Bn | 191.86 Mn | 8.22% |
| 6 | Lineage | 9.30 Bn | 9.23 Bn | 417.00 Mn | 2.78% |
| 7 | Rexford Industrial Realty | 8.22 Bn | 8.54 Bn | - | - |
| 8 | STAG Industrial | 7.73 Bn | 7.81 Bn | - | - |
| 9 | Terreno Realty | 7.56 Bn | 7.56 Bn | - | - |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | 2.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.95% |
| Dec 31, 2025 | 36.48% |
| Sep 30, 2025 | 37.18% |
| Jun 30, 2025 | 38.86% |
| Mar 31, 2025 | 39.22% |
| Dec 31, 2024 | 37.57% |
| Sep 30, 2024 | 37.76% |
| Jun 30, 2024 | 39.09% |
| Mar 31, 2024 | 36.95% |
| Dec 31, 2023 | 39.14% |
| Sep 30, 2023 | 44.66% |
| Jun 30, 2023 | 47.74% |
| Mar 31, 2023 | 46.25% |
| Dec 31, 2022 | 48.58% |
| Sep 30, 2022 | 46.42% |
| Jun 30, 2022 | 46.43% |
| Mar 31, 2022 | 43.00% |
| Dec 31, 2021 | 46.08% |
| Sep 30, 2021 | 44.08% |
| Jun 30, 2021 | 4.38% |