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Public Storage (PSA) Operating Expenses (2016 - 2026)

Public Storage filings provide 18 years of Operating Expenses readings, the most recent being $743.5 million for Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 3.38% year-over-year to $743.5 million, compared with a TTM value of $2.9 billion through Mar 2026, up 3.65%, and an annual FY2025 reading of $2.9 billion, up 3.4% over the prior year.
  • Operating Expenses hit $743.5 million in Q1 2026 for Public Storage, up from $739.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $743.5 million in Q1 2026, with the low at $535.7 million in Q2 2022.
  • Median Operating Expenses over the past 5 years was $687.1 million (2024), compared with a mean of $649.3 million.
  • The sharpest move saw Operating Expenses surged 31.51% in 2022, then increased 2.04% in 2025.
  • Year by year, Operating Expenses stood at $541.4 million in 2022, then increased by 26.15% to $682.9 million in 2023, then increased by 2.9% to $702.7 million in 2024, then rose by 5.27% to $739.7 million in 2025, then increased by 0.5% to $743.5 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $743.5 million, $739.7 million, and $732.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.