Public Storage (PSA) Interest Expense (2009 - 2022)
Public Storage (PSA) reported Interest Expenses of $102.53 million for Q3 2026, up 28.7% from $79.69 million a year earlier and up 20.9% from the prior quarter.
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Analysis
Public Storage (PSA) Interest Expense (2009 - 2022) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Public Storage's Interest Expenses came in at $348.52 million, up 18.0% year-over-year; for FY2025, it came in at $304.5 million, up 5.9% from FY2024.
- Interest Expenses has increased for ten consecutive years, with a five-year compound annual growth rate of 40.2% (FY2020 to FY2025).
- By year, Interest Expenses came in at $287.4 million in FY2024 (+42.9%), $201.13 million in FY2023 (+47.5%), $136.32 million in FY2022 (+50.2%) and $90.77 million in FY2021 (+61.3%).
- The Q3 2026 figure ranks as the highest quarterly Interest Expenses in data going back to Q1 2009.
- Year over year, Interest Expenses has now increased in each of the last five quarters, with growth averaging 10.9% over the last eight quarters.
- The high point for year-over-year Interest Expenses in five years was Q1 2022 (growth of 117.2%); the low point was Q2 2025 (a decline of 2.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $84.78 million (Q2 2026), $80.02 million (Q1 2026) and $81.19 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.70 Bn | 166.77 Bn | 1.47 Bn | - |
| 2 | Prologis | 122.17 Bn | 120.56 Bn | - | 286.96 Mn |
| 3 | Simon Property | 80.16 Bn | 78.26 Bn | - | 287.59 Mn |
| 4 | Public Storage | 62.28 Bn | 61.73 Bn | 112.08 Mn | - |
| 5 | Realty Income | 56.35 Bn | 57.74 Bn | - | - |
| 6 | Ventas | 47.42 Bn | 46.59 Bn | -3.39 Bn | - |
| 7 | Ryman Hospitality Properties | 47.10 Bn | 45.93 Bn | 266.41 Mn | 68.28 Mn |
| 8 | Vivmark Residential | 37.16 Bn | 36.91 Bn | - | - |
| 9 | Extra Space Storage | 33.05 Bn | 32.83 Bn | 650.96 Mn | - |
| 10 | Vici Properties | 27.32 Bn | 26.10 Bn | 1.06 Bn | 214.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | 36.14 Mn |
| Sep 30, 2022 | 34.11 Mn |
| Jun 30, 2022 | 32.94 Mn |
| Mar 31, 2022 | 33.12 Mn |
| Dec 31, 2021 | 29.79 Mn |
| Sep 30, 2021 | 23.74 Mn |
| Sep 30, 2018 | 8.09 Mn |
| Jun 30, 2018 | 8.39 Mn |
| Mar 31, 2018 | 8.11 Mn |
| Sep 30, 2017 | 2.39 Mn |
| Mar 31, 2017 | 1.05 Mn |
| Dec 31, 2016 | 900,000.00 |
| Sep 30, 2016 | 1.22 Mn |
| Jun 30, 2016 | 1.38 Mn |
| Mar 31, 2016 | 711,000.00 |
| Sep 30, 2014 | 1.24 Mn |
| Jun 30, 2014 | 2.06 Mn |
| Mar 31, 2014 | 3.48 Mn |
| Dec 31, 2013 | -1.36 Mn |
| Sep 30, 2013 | 478,000.00 |
API Access
Public Storage Interest Expense 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=interest-expense&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense", "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=interest-expense&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();