Public Storage (PSA) EBITDA Margin (2009 - 2026)
Public Storage (PSA) posted EBITDA Margin of 59.9% for Q2 2026, down 1.89% on a QoQ basis from 61.05% in Q1 2026, and down 320.0% year-over-year from 27.23% in Q2 2025.
Analysis
Public Storage (PSA) EBITDA Margin (2009 - 2026) Analysis & Trends
Public Storage has reported EBITDA Margin for 18 years, with the latest figure at 59.9% in Q2 2026.
- On a quarterly basis, EBITDA Margin fell 320.0% year-over-year to 59.9% in Q2 2026; TTM through Jun 2026 was 59.56%, a 95.0% decrease from a year earlier, with the FY2025 full-year figure at 58.97%, down 22.0% from the prior year.
- EBITDA Margin was 59.9% for Q2 2026 at Public Storage, down from 61.05% in the prior quarter.
- The five-year high for EBITDA Margin was 67.65% in Q4 2022, with the low at 58.35% in Q1 2024.
- Average EBITDA Margin over 5 years is 61.88%, with a median of 60.96% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin sank 2237 bps in 2022, then surged 295 bps in 2023.
- Over 5 years, EBITDA Margin stood at 67.65% in 2022, then fell by 11 bps to 60.23% in 2023, then dropped by 2 bps to 59.12% in 2024, then fell by 1 bps to 58.6% in 2025, then rose by 2 bps to 59.9% in 2026.
- The last three EBITDA Margin figures came in at 59.9% (Q2 2026), 61.05% (Q1 2026), and 58.6% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Public Storage | 51.71 Bn | 51.45 Bn | 1.20 Bn | 59.90% |
| 2 | Extra Space Storage | 28.65 Bn | 28.65 Bn | 642.43 Mn | 44.86% |
| 3 | CubeSmart | 8.83 Bn | 8.83 Bn | 190.47 Mn | 7.46% |
| 4 | SmartStop Self Storage REIT | 1.76 Bn | 1.72 Bn | 47.65 Mn | 43.37% |
| 5 | Global Self Storage | 58.24 Mn | 58.24 Mn | - | 21.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.90% |
| Mar 31, 2026 | 61.05% |
| Dec 31, 2025 | 58.60% |
| Sep 30, 2025 | 58.67% |
| Jun 30, 2025 | 63.10% |
| Mar 31, 2025 | 60.87% |
| Dec 31, 2024 | 59.12% |
| Sep 30, 2024 | 58.90% |
| Jun 30, 2024 | 60.37% |
| Mar 31, 2024 | 58.35% |
| Dec 31, 2023 | 60.23% |
| Sep 30, 2023 | 64.00% |
| Jun 30, 2023 | 66.51% |
| Mar 31, 2023 | 65.00% |
| Dec 31, 2022 | 67.65% |
| Sep 30, 2022 | 64.56% |
| Jun 30, 2022 | 64.99% |
| Mar 31, 2022 | 62.05% |
| Dec 31, 2021 | 65.04% |
| Sep 30, 2021 | 62.28% |