Public Storage (PSA) Tax Rate (2023 - 2026)
Public Storage (PSA) posted Tax Rate of 0.54% for Q2 2026, up 81.76% on a QoQ basis from 0.3% in Q1 2026, and down 35.0% year-over-year from 0.83% in Q2 2025.
Analysis
Public Storage (PSA) Tax Rate (2023 - 2026) Analysis & Trends
Public Storage has reported Tax Rate for 4 years, with the latest figure at 0.54% in Q2 2026.
- On a quarterly basis, Tax Rate fell 35.0% year-over-year to 0.54% in Q2 2026; TTM through Jun 2026 was 0.37%, a 69.0% decrease from a year earlier, with the FY2025 full-year figure at 0.4%, down 63.0% from the prior year.
- Tax Rate was 0.54% for Q2 2026 at Public Storage, up from 0.3% in the prior quarter.
- The five-year high for Tax Rate was 0.89% in Q2 2025, with the low at 2.97% in Q4 2025.
- Average Tax Rate over 4 years is 0.19%, with a median of 0.44% recorded in 2023.
- The largest YoY upside for Tax Rate was 49 bps in 2025 against a maximum downside of 275 bps in 2025.
- Over 4 years, Tax Rate stood at 0.53% in 2023, then sank by 142 bps to 0.22% in 2024, then slumped by 1236 bps to 2.97% in 2025, then surged by 118 bps to 0.54% in 2026.
- The last three Tax Rate figures came in at 0.54% (Q2 2026), 0.3% (Q1 2026), and 2.97% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Public Storage | 51.71 Bn | 51.45 Bn | 1.20 Bn | 0.54% |
| 2 | Extra Space Storage | 28.65 Bn | 28.65 Bn | 642.43 Mn | 4.45% |
| 3 | CubeSmart | 8.83 Bn | 8.83 Bn | 190.47 Mn | - |
| 4 | SmartStop Self Storage REIT | 1.76 Bn | 1.72 Bn | 47.65 Mn | 5.71% |
| 5 | Global Self Storage | 58.24 Mn | 58.24 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.54% |
| Mar 31, 2026 | 0.30% |
| Dec 31, 2025 | -2.97% |
| Sep 30, 2025 | 0.55% |
| Jun 30, 2025 | 0.89% |
| Mar 31, 2025 | 0.35% |
| Dec 31, 2024 | -0.22% |
| Sep 30, 2024 | 0.57% |
| Jun 30, 2024 | 0.40% |
| Mar 31, 2024 | 0.29% |
| Dec 31, 2023 | 0.53% |
| Sep 30, 2023 | 0.46% |
| Jun 30, 2023 | 0.43% |
| Mar 31, 2023 | 0.59% |