Public Storage (PSA) Net Margin (2009 - 2026)
Public Storage (PSA) posted Net Margin of 36.52% for Q2 2026, down 6.72% on a QoQ basis from 39.15% in Q1 2026, and up 1080.0% year-over-year from 3.09% in Q2 2025.
Analysis
Public Storage (PSA) Net Margin (2009 - 2026) Analysis & Trends
Public Storage has reported Net Margin for 18 years, with the latest figure at 36.52% in Q2 2026.
- On a quarterly basis, Net Margin rose 1080.0% year-over-year to 36.52% in Q2 2026; TTM through Jun 2026 was 37.74%, a 379.0% increase from a year earlier, with the FY2025 full-year figure at 32.87%, down 701.0% from the prior year.
- Net Margin was 36.52% for Q2 2026 at Public Storage, down from 39.15% in the prior quarter.
- The five-year high for Net Margin was 249.25% in Q3 2022, with the low at 25.72% in Q2 2025.
- Average Net Margin over 5 years is 51.56%, with a median of 39.42% recorded in 2026.
- The sharpest annual moves came in 2022 and 2023: Net Margin surged 19982 bps in 2022, then sank 20001 bps in 2023.
- Over 5 years, Net Margin stood at 33.31% in 2022, then climbed by 1 bps to 33.59% in 2023, then jumped by 43 bps to 47.93% in 2024, then decreased by 22 bps to 37.59% in 2025, then dropped by 3 bps to 36.52% in 2026.
- The last three Net Margin figures came in at 36.52% (Q2 2026), 39.15% (Q1 2026), and 37.59% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Public Storage | 51.61 Bn | 51.35 Bn | 1.20 Bn | 36.52% |
| 2 | Extra Space Storage | 28.84 Bn | 28.84 Bn | 642.43 Mn | 29.68% |
| 3 | CubeSmart | 8.85 Bn | 8.85 Bn | 190.47 Mn | -0.18% |
| 4 | SmartStop Self Storage REIT | 1.77 Bn | 1.73 Bn | 47.65 Mn | 14.19% |
| 5 | Global Self Storage | 58.13 Mn | 58.13 Mn | - | 15.27% |
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% |