Public Storage (PSA) Operating Expenses (2009 - 2026)
Public Storage (PSA) posted quarterly Operating Expenses of $766.2 million for Q2 2026, up 9.29% year-over-year from $701.1 million in Q2 2025, and up 3.06% quarter-over-quarter from $743.5 million in Q1 2026.
Public Storage (PSA) Operating Expenses (2009 - 2026) Analysis & Trends
Public Storage's Operating Expenses history runs 18 years deep, the most recent figure standing at $766.2 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 9.29% year-over-year to $766.2 million; the TTM figure through Jun 2026 stood at $3.0 billion (up 5.44% YoY), while the FY2025 annual figure was $2.9 billion, up 3.4% from the prior year.
- Operating Expenses for Q2 2026 stood at $766.2 million, up from $743.5 million in the prior quarter.
- The five-year high for Operating Expenses was $766.2 million in Q2 2026, with the low at $535.7 million in Q2 2022.
- The 5-year median for Operating Expenses is $694.1 million (2024), against an average of $655.8 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 31.51% in 2022, then rose 2.04% in 2025.
- Public Storage's Operating Expenses stood at $541.4 million in 2022, then increased by 26.15% to $682.9 million in 2023, then advanced by 2.9% to $702.7 million in 2024, then rose by 5.27% to $739.7 million in 2025, then increased by 3.58% to $766.2 million in 2026.
- Business Quant data shows PSA's Operating Expenses at $766.2 million in Q2 2026, $743.5 million in Q1 2026, and $739.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 1.47 Bn |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 766.20 Mn |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 481.97 Mn |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 114.53 Mn |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 1.31 Bn |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 169.10 Mn |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 143.39 Mn |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | 72.62 Mn |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | 141.27 Mn |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 950.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 766.20 Mn |
| Mar 31, 2026 | 743.46 Mn |
| Dec 31, 2025 | 739.74 Mn |
| Sep 30, 2025 | 732.53 Mn |
| Jun 30, 2025 | 701.10 Mn |
| Mar 31, 2025 | 719.18 Mn |
| Dec 31, 2024 | 702.70 Mn |
| Sep 30, 2024 | 705.03 Mn |
| Jun 30, 2024 | 687.11 Mn |
| Mar 31, 2024 | 702.52 Mn |
| Dec 31, 2023 | 682.90 Mn |
| Sep 30, 2023 | 611.83 Mn |
| Jun 30, 2023 | 563.01 Mn |
| Mar 31, 2023 | 568.48 Mn |
| Dec 31, 2022 | 541.35 Mn |
| Sep 30, 2022 | 561.43 Mn |
| Jun 30, 2022 | 535.68 Mn |
| Mar 31, 2022 | 539.33 Mn |
| Dec 31, 2021 | 481.83 Mn |
| Sep 30, 2021 | 480.70 Mn |