Public Storage (PSA) Income before Taxes (2009 - 2026)
Public Storage's EBT was $363.31 million in Q3 2026, down 29.8% from $517.6 million a year earlier and down 28.2% from the prior quarter.
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Analysis
Public Storage (PSA) Income before Taxes (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Public Storage's EBT was $1.9 billion through Sep 30, 2026, down 0.8% year-over-year; for FY2025, it was $1.79 billion, down 14.3% from FY2024.
- EBT has now declined for three consecutive years, with a five-year compound annual growth rate of -2.3% (FY2020 to FY2025).
- In earlier years, EBT was $2.09 billion in FY2024 (-3.8%), $2.17 billion in FY2023 (-50.4%), $4.38 billion in FY2022 (+122.1%) and $1.97 billion in FY2021 (-2.1%).
- The Q3 2026 figure marks the lowest quarterly EBT since Q3 2018.
- Compared with a year earlier, EBT was higher in four of the last eight quarters, with growth averaging 3.2%.
- The best year-over-year quarter for EBT over five years was Q4 2024 (growth of 38.9%); the worst was Q2 2025 (a decline of 30.3%).
- Per Business Quant data, PSA's EBT in the three quarters before Q3 2026 was $505.65 million (Q2 2026), $530.94 million (Q1 2026) and $495.33 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn |
| 10 | Vici Properties | 27.54 Bn | 26.32 Bn | 1.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 363.31 Mn |
| Jun 30, 2026 | 505.65 Mn |
| Mar 31, 2026 | 530.94 Mn |
| Dec 31, 2025 | 495.33 Mn |
| Sep 30, 2025 | 517.60 Mn |
| Jun 30, 2025 | 364.65 Mn |
| Mar 31, 2025 | 412.22 Mn |
| Dec 31, 2024 | 616.99 Mn |
| Sep 30, 2024 | 435.63 Mn |
| Jun 30, 2024 | 523.28 Mn |
| Mar 31, 2024 | 513.18 Mn |
| Dec 31, 2023 | 444.26 Mn |
| Sep 30, 2023 | 619.48 Mn |
| Jun 30, 2023 | 583.68 Mn |
| Mar 31, 2023 | 523.52 Mn |
| Dec 31, 2022 | -503.13 Mn |
| Sep 30, 2022 | -522.05 Mn |
| Jun 30, 2022 | -499.58 Mn |
| Mar 31, 2022 | -512.65 Mn |
| Dec 31, 2021 | -454.04 Mn |
API Access
Public Storage Income before Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-before-taxes&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-before-taxes", "ticker": "PSA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-before-taxes&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();