KPIs & Operating Metrics(New)
Growth Metrics

Public Storage (PSA) Gross Margin (2016 - 2025)

Public Storage (PSA) has 12 years of Gross Margin data on record, last reported at 97.32% in Q4 2025.

  • For Q4 2025, Gross Margin rose 7.0% year-over-year to 97.32%; the TTM value through Dec 2025 reached 97.24%, down 17.0%, while the annual FY2025 figure was 97.24%, 17.0% down from the prior year.
  • Gross Margin reached 97.32% in Q4 2025 per PSA's latest filing, roughly flat from 97.03% in the prior quarter.
  • Across five years, Gross Margin topped out at 98.41% in Q1 2022 and bottomed at 97.03% in Q3 2025.
  • Average Gross Margin over 5 years is 97.8%, with a median of 97.95% recorded in 2021.
  • Peak YoY movement for Gross Margin: skyrocketed 53bps in 2022, then plummeted -103bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 98.21% in 2021, then rose by 0bps to 98.31% in 2022, then dropped by 0bps to 98.02% in 2023, then dropped by -1bps to 97.25% in 2024, then rose by 0bps to 97.32% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 97.32% in Q4 2025, 97.03% in Q3 2025, and 97.23% in Q2 2025.