Public Storage (PSA) Operating Expenses (2009 - 2026)
Public Storage (PSA) posted Operating Expenses of $766.2 million for Q2 2026, up 3.06% on a QoQ basis from $743.5 million in Q1 2026, and up 9.29% year-over-year from $701.1 million in Q2 2025.
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Analysis
Public Storage (PSA) Operating Expenses (2009 - 2026) Analysis & Trends
Public Storage has reported Operating Expenses for 18 years, with the latest figure at $766.2 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 9.29% year-over-year to $766.2 million in Q2 2026; TTM through Jun 2026 was $3.0 billion, a 5.44% increase from a year earlier, with the FY2025 full-year figure at $2.9 billion, up 3.4% from the prior year.
- Operating Expenses was $766.2 million for Q2 2026 at Public Storage, 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.
- Average Operating Expenses over 5 years is $655.8 million, with a median of $694.1 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 31.51% in 2022, then advanced 2.04% in 2025.
- Over 5 years, Operating Expenses stood at $541.4 million in 2022, then gained by 26.15% to $682.9 million in 2023, then grew by 2.9% to $702.7 million in 2024, then advanced by 5.27% to $739.7 million in 2025, then gained by 3.58% to $766.2 million in 2026.
- The last three Operating Expenses figures came in at $766.2 million (Q2 2026), $743.5 million (Q1 2026), and $739.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | 1.47 Bn |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | 900.79 Mn |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | 1.19 Bn |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | 766.20 Mn |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | 1.68 Bn |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 481.97 Mn |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | 315.61 Mn |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | 566.18 Mn |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | 657.51 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Public Storage Operating Expenses 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=operating-expenses&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();