Public Storage (PSA) Tax Rate (2023 - 2026)
Public Storage (PSA) recorded quarterly Tax Rate of 0.3% in Q1 2026, up 109.94% quarter-over-quarter from 2.97% in Q4 2025, and down 5.0% on a YoY basis from 0.31% in Q1 2025.
Public Storage (PSA) Tax Rate (2023 - 2026) Analysis & Trends
Public Storage's Tax Rate history runs 4 years deep, the most recent figure standing at 0.3% for Q1 2026.
- In Q1 2026, Tax Rate fell 5.0% year-over-year to 0.3%; the TTM figure through Mar 2026 stood at 0.37% (down 60.0% YoY), while the FY2025 annual figure was 0.4%, down 63.0% from the prior year.
- Tax Rate was 0.3% for Q1 2026 at Public Storage, up from 2.97% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 0.89% in Q2 2025 to a low of 2.97% in Q4 2025.
- Historically, Tax Rate has averaged 0.17% across 4 years, with a median of 0.43% in 2023.
- Biggest YoY gain for Tax Rate was 49 bps in 2025; the steepest drop was 275 bps in 2025.
- A 4-year view of Tax Rate shows it stood at 0.53% in 2023, then slumped by 142 bps to 0.22% in 2024, then tumbled by 1236 bps to 2.97% in 2025, then surged by 110 bps to 0.3% in 2026.
- The last three Tax Rate figures came in at 0.3% (Q1 2026), 2.97% (Q4 2025), and 0.55% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | -3.97% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 0.30% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | 4.36% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | - |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | -8.51% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | - |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | - |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | - |
| 10 | Americold Realty Trust | 4.14 Bn | 4.14 Bn | 195.51 Mn | -14.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.30% |
| Mar 31, 2026 | 0.30% |
| Dec 31, 2025 | -2.97% |
| Dec 31, 2025 | -2.97% |
| Sep 30, 2025 | 0.55% |
| Sep 30, 2025 | 0.55% |
| Jun 30, 2025 | 0.89% |
| Jun 30, 2025 | 0.89% |
| Mar 31, 2025 | 0.35% |
| Mar 31, 2025 | 0.35% |
| Dec 31, 2024 | -0.22% |
| Dec 31, 2024 | -0.22% |
| Sep 30, 2024 | 0.57% |
| Sep 30, 2024 | 0.57% |
| Jun 30, 2024 | 0.40% |
| Jun 30, 2024 | 0.40% |
| Mar 31, 2024 | 0.29% |
| Mar 31, 2024 | 0.29% |
| Dec 31, 2023 | 0.53% |
| Dec 31, 2023 | 0.53% |