Public Storage (PSA) Gross Margin (2014 - 2026)

Public Storage has reported Gross Margin for 13 years, with the latest figure at 97.06% in Q2 2026.

• On a quarterly basis, Gross Margin fell 17.0% year-over-year to 97.06% in Q2 2026; TTM through Jun 2026 was 97.15%, a 10.0% decrease from a year earlier, with the FY2025 full-year figure at 97.24%, down 17.0% from the prior year.
• Gross Margin was 97.06% for Q2 2026 at Public Storage, 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.
• Average Gross Margin over 5 years is 97.69%, with a median of 97.66% recorded in 2024.
• The sharpest annual moves came in 2022 and 2024: Gross Margin surged 53 bps in 2022, then plunged 103 bps in 2024.
• Over 5 years, Gross Margin stood at 98.31% in 2022, then declined by 0 bps to 98.02% in 2023, then decreased by 1 bps to 97.25% in 2024, then grew by 0 bps to 97.32% in 2025, then slipped by 0 bps to 97.06% in 2026.
• The last three Gross Margin figures came in at 97.06% (Q2 2026), 97.19% (Q1 2026), and 97.32% (Q4 2025), per Business Quant data.