Public Storage (PSA) Gross Margin (2014 - 2026)
Public Storage (PSA) posted quarterly Gross Margin of 97.06% for Q2 2026, down 17.0% year-over-year from 116.94% in Q2 2025, and little changed quarter-over-quarter from 97.19% in Q1 2026.
Public Storage (PSA) Gross Margin (2014 - 2026) Analysis & Trends
Public Storage's Gross Margin history runs 13 years deep, the most recent figure standing at 97.06% for Q2 2026.
- In Q2 2026, Gross Margin fell 17.0% year-over-year to 97.06%; the TTM figure through Jun 2026 stood at 97.15% (down 10.0% YoY), while the FY2025 annual figure was 97.24%, down 17.0% from the prior year.
- Gross Margin for Q2 2026 stood at 97.06%, roughly flat from 97.19% 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.
- The 5-year median for Gross Margin is 97.66% (2024), against an average of 97.69%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 53 bps in 2022, then plunged 103 bps in 2024.
- Public Storage's Gross Margin stood at 98.31% in 2022, then slipped by 0 bps to 98.02% in 2023, then fell by 1 bps to 97.25% in 2024, then advanced by 0 bps to 97.32% in 2025, then retreated by 0 bps to 97.06% in 2026.
- Business Quant data shows PSA's Gross Margin at 97.06% in Q2 2026, 97.19% in Q1 2026, and 97.32% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 99.17% |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 97.06% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 73.49% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 99.88% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 31.23% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 66.48% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | - |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | - |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | - |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 32.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 97.06% |
| Mar 31, 2026 | 97.19% |
| Dec 31, 2025 | 97.32% |
| Sep 30, 2025 | 97.03% |
| Jun 30, 2025 | 97.23% |
| Mar 31, 2025 | 97.41% |
| Dec 31, 2024 | 97.25% |
| Sep 30, 2024 | 97.12% |
| Jun 30, 2024 | 97.65% |
| Mar 31, 2024 | 97.66% |
| Dec 31, 2023 | 98.02% |
| Sep 30, 2023 | 98.15% |
| Jun 30, 2023 | 98.02% |
| Mar 31, 2023 | 98.20% |
| Dec 31, 2022 | 98.31% |
| Sep 30, 2022 | 98.02% |
| Jun 30, 2022 | 98.33% |
| Mar 31, 2022 | 98.41% |
| Dec 31, 2021 | 98.21% |
| Sep 30, 2021 | 97.79% |