Public Storage (PSA) Operating Margin (2011 - 2026)
Public Storage (PSA) recorded Operating Margin of 37.85% in Q2 2026, down 3.78 percentage points from 41.63% a year earlier and down 1.09 percentage points from the prior quarter.
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Analysis
Public Storage (PSA) Operating Margin (2011 - 2026) Analysis & Trends
On a TTM basis, Public Storage's Operating Margin came in at 38.95% as of Jun 30, 2026, down 5.55 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 Q2 2026 figure is the lowest quarterly Operating Margin in data going back to Q3 2011.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.90 Bn | 150.42 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 123.74 Bn | 128.13 Bn | - | 51.59% |
| 3 | Simon Property | 66.68 Bn | 67.94 Bn | - | 49.72% |
| 4 | Realty Income | 52.20 Bn | 54.59 Bn | - | - |
| 5 | Public Storage | 50.15 Bn | 49.24 Bn | - | 37.85% |
| 6 | Ventas | 44.59 Bn | 43.78 Bn | - | - |
| 7 | Extra Space Storage | 28.21 Bn | 28.21 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 23.00 Bn | 23.19 Bn | - | - |
| 10 | Invitation Homes | 15.69 Bn | 15.73 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.85% |
| Mar 31, 2026 | 38.95% |
| Jun 30, 2025 | 41.63% |
| Mar 31, 2025 | 39.22% |
| Jun 30, 2021 | 73.64% |
| Mar 31, 2021 | 70.23% |
| Dec 31, 2020 | 73.95% |
| Sep 30, 2020 | 69.87% |
| Jun 30, 2020 | 67.42% |
| Mar 31, 2020 | 68.75% |
| Dec 31, 2019 | 74.82% |
| Sep 30, 2019 | 70.90% |
| Jun 30, 2019 | 70.78% |
| Mar 31, 2019 | 70.36% |
| Dec 31, 2018 | 140.44% |
| Sep 30, 2018 | 50.81% |
| Jun 30, 2018 | 50.10% |
| Mar 31, 2018 | 48.90% |
| Dec 31, 2017 | 56.49% |
| Sep 30, 2017 | 52.47% |
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();