KPIs & Operating Metrics(New)
Growth Metrics

Public Storage (PSA) Tax Rate (2023 - 2026)

Public Storage filings provide 4 years of Tax Rate readings, the most recent being 0.3% for Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 5.0% year-over-year to 0.3%, compared with a TTM value of 0.37% through Mar 2026, down 60.0%, and an annual FY2025 reading of 0.4%, down 63.0% over the prior year.
  • Tax Rate hit 0.3% in Q1 2026 for Public Storage, up from 2.97% 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.
  • Median Tax Rate over the past 4 years was 0.43% (2023), compared with a mean of 0.17%.
  • The largest YoY upside for Tax Rate was 49bps in 2025 against a maximum downside of -275bps in 2025.
  • Year by year, Tax Rate stood at 0.53% in 2023, then tumbled by -142bps to 0.22% in 2024, then tumbled by -1236bps to 2.97% in 2025, then skyrocketed by 110bps to 0.3% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods came in at 0.3%, 2.97%, and 0.55% for Q1 2026, Q4 2025, and Q3 2025 respectively.