KPIs & Operating Metrics(New)
Growth Metrics

Public Storage (PSA) Gross Margin (2016 - 2026)

Public Storage filings provide 13 years of Gross Margin readings, the most recent being 97.19% for Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 22.0% year-over-year to 97.19%, compared with a TTM value of 97.19% through Mar 2026, down 16.0%, and an annual FY2025 reading of 97.24%, down 17.0% over the prior year.
  • Gross Margin hit 97.19% in Q1 2026 for Public Storage, roughly flat from 97.32% in the prior quarter.
  • The five-year high for Gross Margin was 98.41% in Q1 2022, with the low at 97.03% in Q3 2025.
  • Median Gross Margin over the past 5 years was 97.66% (2024), compared with a mean of 97.72%.
  • The sharpest move saw Gross Margin surged 53bps in 2022, then tumbled -103bps in 2024.
  • Year by year, Gross Margin stood at 98.31% in 2022, then fell by 0bps to 98.02% in 2023, then fell by -1bps to 97.25% in 2024, then increased by 0bps to 97.32% in 2025, then fell by 0bps to 97.19% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods came in at 97.19%, 97.32%, and 97.03% for Q1 2026, Q4 2025, and Q3 2025 respectively.