Public Storage (PSA) Operating Margin (2009 - 2026)
Public Storage (PSA) recorded Operating Margin of 23.20% in Q3 2026, down 16.95 percentage points from 40.16% a year earlier and down 14.65 percentage points from the prior quarter.
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Analysis
Public Storage (PSA) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Public Storage's Operating Margin came in at 34.76% as of Sep 30, 2026, down 8.41 percentage points year-over-year; for FY2020, it came in at 70.24%, down 1.28 percentage points from FY2019.
- Annual Operating Margin has a five-year change of +18.51 percentage points (FY2015 to FY2020).
- Across earlier years, Operating Margin came in at 71.52% in FY2019 (-1.05 pp), 72.56% in FY2018 (+19.23 pp), 53.33% in FY2017 (-0.35 pp) and 53.68% in FY2016 (+1.95 pp).
- The Q3 2026 figure is the lowest quarterly Operating Margin in data going back to Q3 2011.
- On a year-over-year basis, Operating Margin has declined for three consecutive quarters.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.70 Bn | 166.77 Bn | 1.47 Bn | 14.28% |
| 2 | Prologis | 122.17 Bn | 120.56 Bn | - | 43.76% |
| 3 | Simon Property | 80.16 Bn | 78.26 Bn | - | 44.33% |
| 4 | Public Storage | 62.28 Bn | 61.73 Bn | 112.08 Mn | 23.20% |
| 5 | Realty Income | 56.35 Bn | 57.74 Bn | - | - |
| 6 | Ventas | 47.42 Bn | 46.59 Bn | -3.39 Bn | 39.50% |
| 7 | Ryman Hospitality Properties | 47.10 Bn | 45.93 Bn | 266.41 Mn | 14.38% |
| 8 | Vivmark Residential | 37.16 Bn | 36.91 Bn | - | - |
| 9 | Extra Space Storage | 33.05 Bn | 32.83 Bn | 650.96 Mn | 44.04% |
| 10 | Vici Properties | 27.32 Bn | 26.10 Bn | 1.06 Bn | 52.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.20% |
| Jun 30, 2026 | 37.85% |
| Mar 31, 2026 | 38.95% |
| Dec 31, 2025 | -53.70% |
| Sep 30, 2025 | 40.16% |
| Jun 30, 2025 | 41.63% |
| Mar 31, 2025 | 39.22% |
| Dec 31, 2024 | -53.11% |
| Sep 30, 2024 | -52.82% |
| Jun 30, 2024 | -52.30% |
| Mar 31, 2024 | -54.56% |
| Dec 31, 2023 | -53.08% |
| Sep 30, 2023 | -47.80% |
| Jun 30, 2023 | -44.59% |
| Mar 31, 2023 | -46.28% |
| Dec 31, 2022 | -44.20% |
| Sep 30, 2022 | -46.01% |
| Jun 30, 2022 | -46.21% |
| Mar 31, 2022 | -49.61% |
| Dec 31, 2021 | -46.22% |
API Access
Public Storage Operating 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=operating-margin&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();