Public Storage (PSA) FCF Margin (2009 - 2026)
Public Storage's (PSA) quarterly FCF Margin came in at 55.35% in Q1 2026, up 768.0% year-on-year from 6.38% in Q1 2025, and up 11.68% quarter-over-quarter from 49.56% in Q4 2025.
Public Storage (PSA) FCF Margin (2009 - 2026) Analysis & Trends
Public Storage's FCF Margin history runs 18 years deep, the most recent figure standing at 55.35% for Q1 2026.
- On a quarterly basis, FCF Margin rose 768.0% year-over-year to 55.35% in Q1 2026; TTM through Mar 2026 was 48.38%, a 880.0% decrease from a year earlier, with the FY2025 full-year figure at 46.45%, down 1321.0% from the prior year.
- FCF Margin grew to 55.35% in Q1 2026 per PSA's latest filing, from 49.56% in the prior quarter.
- Across five years, FCF Margin topped out at 74.44% in Q2 2024 and bottomed at 16.64% in Q3 2025.
- The 5-year median for FCF Margin is 57.52% (2024), against an average of 56.02%.
- Biggest YoY gain for FCF Margin was 26999 bps in 2022; the steepest drop was 30952 bps in 2022.
- Year by year, FCF Margin stood at 46.65% in 2022, then grew by 5 bps to 48.93% in 2023, then advanced by 20 bps to 58.51% in 2024, then declined by 15 bps to 49.56% in 2025, then grew by 12 bps to 55.35% in 2026.
- Per Business Quant, the three latest PSA FCF Margin figures stand at 55.35% (Q1 2026), 49.56% (Q4 2025), and 16.64% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 134.75 Bn | 139.31 Bn | 2.24 Bn | 14.90% |
| 2 | Public Storage | 55.31 Bn | 55.27 Bn | 1.18 Bn | 55.35% |
| 3 | Extra Space Storage | 30.66 Bn | 31.49 Bn | 617.72 Mn | 56.38% |
| 4 | Eastgroup Properties | 11.49 Bn | 11.49 Bn | 193.10 Mn | 90.98% |
| 5 | CubeSmart | 9.34 Bn | 9.36 Bn | 191.86 Mn | 49.11% |
| 6 | Lineage | 9.30 Bn | 9.23 Bn | 417.00 Mn | -4.24% |
| 7 | Rexford Industrial Realty | 8.22 Bn | 8.54 Bn | - | - |
| 8 | STAG Industrial | 7.73 Bn | 7.81 Bn | - | 33.95% |
| 9 | Terreno Realty | 7.56 Bn | 7.56 Bn | - | 41.22% |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | -11.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 55.35% |
| Dec 31, 2025 | 49.56% |
| Sep 30, 2025 | 16.64% |
| Jun 30, 2025 | 72.48% |
| Mar 31, 2025 | 47.67% |
| Dec 31, 2024 | 58.51% |
| Sep 30, 2024 | 48.29% |
| Jun 30, 2024 | 74.44% |
| Mar 31, 2024 | 57.52% |
| Dec 31, 2023 | 48.93% |
| Sep 30, 2023 | 68.90% |
| Jun 30, 2023 | 68.56% |
| Mar 31, 2023 | 59.41% |
| Dec 31, 2022 | 46.65% |
| Sep 30, 2022 | 57.81% |
| Jun 30, 2022 | 65.73% |
| Mar 31, 2022 | 55.88% |
| Dec 31, 2021 | 356.17% |
| Sep 30, 2021 | 39.93% |
| Jun 30, 2021 | -204.26% |