Public Storage (PSA) Net Margin (2009 - 2026)
Public Storage's Net Margin came in at 36.52% for Q2 2026, up 10.80 percentage points from 25.72% a year earlier but down 2.63 percentage points from the prior quarter.
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Analysis
Public Storage (PSA) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Public Storage reported Net Margin of 37.74%, up 3.79 percentage points year-over-year; for FY2025, it came in at 32.87%, down 7.01 percentage points from FY2024.
- Net Margin has declined in each of the last three years, with a five-year change of -4.81 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 39.88% in FY2024 (-3.25 pp), 43.14% in FY2023 (-55.91 pp), 99.05% in FY2022 (+48.33 pp) and 50.72% in FY2021 (+13.04 pp).
- The five-year range for quarterly Net Margin is 25.72% (Q2 2025) to 249.25% (Q3 2022).
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -1.44 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2022 (a gain of 199.82 percentage points), and the weakest in Q3 2023 (a drop of 200.01 percentage points).
- Business Quant data shows PSA's Net Margin at 39.15% (Q1 2026), 37.59% (Q4 2025) and 37.70% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.90 Bn | 150.42 Bn | 1.39 Bn | 12.55% |
| 2 | Prologis | 123.74 Bn | 128.13 Bn | - | 43.74% |
| 3 | Simon Property | 66.68 Bn | 67.94 Bn | - | 170.16% |
| 4 | Realty Income | 52.20 Bn | 54.59 Bn | - | 22.22% |
| 5 | Public Storage | 50.15 Bn | 49.24 Bn | - | 36.52% |
| 6 | Ventas | 44.59 Bn | 43.78 Bn | - | 4.08% |
| 7 | Extra Space Storage | 28.21 Bn | 28.21 Bn | 642.43 Mn | 30.14% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 49.74% |
| 9 | Vivmark Residential | 23.00 Bn | 23.19 Bn | - | - |
| 10 | Invitation Homes | 15.69 Bn | 15.73 Bn | - | 29.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.52% |
| Mar 31, 2026 | 39.15% |
| Dec 31, 2025 | 37.59% |
| Sep 30, 2025 | 37.70% |
| Jun 30, 2025 | 25.72% |
| Mar 31, 2025 | 30.28% |
| Dec 31, 2024 | 47.93% |
| Sep 30, 2024 | 32.05% |
| Jun 30, 2024 | 39.92% |
| Mar 31, 2024 | 39.68% |
| Dec 31, 2023 | 33.59% |
| Sep 30, 2023 | 49.24% |
| Jun 30, 2023 | 47.18% |
| Mar 31, 2023 | 42.73% |
| Dec 31, 2022 | 33.31% |
| Sep 30, 2022 | 249.25% |
| Jun 30, 2022 | 58.46% |
| Mar 31, 2022 | 47.68% |
| Dec 31, 2021 | 60.38% |
| Sep 30, 2021 | 49.43% |
API Access
Public Storage Net Margin 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=net-margin&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();