The Filings Report

Public Storage

PSANYSECIK 1393311Real Estate / REITsfiscal year ends December74 quarters since 2008

Revenue, Q3 FY2026
$1.4B
+11.6% on Q3 FY2025
Net income
$312M
−32.3% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$1.69
−35.5% on Q3 FY2025
Revenue, TTM
$5.0B
trailing four quarters
Net margin, TTM
33.7%
net income $1.7B
Free cash flow, TTM
—
Cash and equivalents
$560M
long-term debt $12.0B, Sep 30, 2026
Shares, 12-month change
+6.5%
187M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
—
no yield
Market value
$60.7B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 26, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Public Storage reported revenue of $1.4B, +11.6% on Q3 FY2025, and net income of $312M (−32.3%). Operating margin was 23.2%. Diluted earnings per share were $1.69.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 26, 2026.

Revenue and net incomeRevenueNet income
$0$500M$1.0B$1.5BQ4'22, Revenue: $1.1BQ4'22, Net income: $363MQ4'22Q1'23, Revenue: $1.1BQ1'23, Net income: $468MQ1'23Q2'23, Revenue: $1.1BQ2'23, Net income: $528MQ2'23Q3'23, Revenue: $1.1BQ3'23, Net income: $563MQ3'23Q4'23, Revenue: $1.2BQ4'23, Net income: $390MQ4'23Q1'24, Revenue: $1.2BQ1'24, Net income: $459MQ1'24Q2'24, Revenue: $1.2BQ2'24, Net income: $468MQ2'24Q3'24, Revenue: $1.2BQ3'24, Net income: $381MQ3'24Q4'24, Revenue: $1.2BQ4'24, Net income: $564MQ4'24Q1'25, Revenue: $1.2BQ1'25, Net income: $358MQ1'25Q2'25, Revenue: $1.2BQ2'25, Net income: $309MQ2'25Q3'25, Revenue: $1.2BQ3'25, Net income: $461MQ3'25Q4'25, Revenue: $1.2BQ4'25, Net income: $457MQ4'25Q1'26, Revenue: $1.2BQ1'26, Net income: $477MQ1'26Q2'26, Revenue: $1.2BQ2'26, Net income: $450MQ2'26Q3'26, Revenue: $1.4BQ3'26, Net income: $312MQ3'26$0$500M$1.0B$1.5BQ4'22, Revenue: $1.1BQ4'22, Net income: $363MQ1'23, Revenue: $1.1BQ1'23, Net income: $468MQ1'23Q2'23, Revenue: $1.1BQ2'23, Net income: $528MQ3'23, Revenue: $1.1BQ3'23, Net income: $563MQ3'23Q4'23, Revenue: $1.2BQ4'23, Net income: $390MQ1'24, Revenue: $1.2BQ1'24, Net income: $459MQ1'24Q2'24, Revenue: $1.2BQ2'24, Net income: $468MQ3'24, Revenue: $1.2BQ3'24, Net income: $381MQ3'24Q4'24, Revenue: $1.2BQ4'24, Net income: $564MQ1'25, Revenue: $1.2BQ1'25, Net income: $358MQ1'25Q2'25, Revenue: $1.2BQ2'25, Net income: $309MQ3'25, Revenue: $1.2BQ3'25, Net income: $461MQ3'25Q4'25, Revenue: $1.2BQ4'25, Net income: $457MQ1'26, Revenue: $1.2BQ1'26, Net income: $477MQ1'26Q2'26, Revenue: $1.2BQ2'26, Net income: $450MQ3'26, Revenue: $1.4BQ3'26, Net income: $312MQ3'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$5B$10B$15BQ4'22, Cash and equivalents: $775MQ4'22, Long-term debt: $6.9BQ4'22Q1'23, Cash and equivalents: $695MQ1'23, Long-term debt: $6.9BQ1'23Q2'23, Cash and equivalents: $652MQ2'23, Long-term debt: $6.9BQ2'23Q3'23, Cash and equivalents: $630MQ3'23, Long-term debt: $9.0BQ3'23Q4'23, Cash and equivalents: $370MQ4'23, Long-term debt: $9.1BQ4'23Q1'24, Cash and equivalents: $272MQ1'24, Long-term debt: $9.1BQ1'24Q2'24, Cash and equivalents: $542MQ2'24, Long-term debt: $9.4BQ2'24Q3'24, Cash and equivalents: $599MQ3'24, Long-term debt: $9.5BQ3'24Q4'24, Cash and equivalents: $447MQ4'24, Long-term debt: $9.4BQ4'24Q1'25, Cash and equivalents: $287MQ1'25, Long-term debt: $9.4BQ1'25Q2'25, Cash and equivalents: $1.1BQ2'25, Long-term debt: $10.4BQ2'25Q3'25, Cash and equivalents: $296MQ3'25, Long-term debt: $10.0BQ3'25Q4'25, Cash and equivalents: $318MQ4'25, Long-term debt: $10.3BQ4'25Q1'26, Cash and equivalents: $135MQ1'26, Long-term debt: $9.7BQ1'26Q2'26, Cash and equivalents: $260MQ2'26, Long-term debt: $10.2BQ2'26Q3'26, Cash and equivalents: $560MQ3'26, Long-term debt: $12.0BQ3'26$0$5B$10B$15BQ4'22, Cash and equivalents: $775MQ4'22, Long-term debt: $6.9BQ1'23, Cash and equivalents: $695MQ1'23, Long-term debt: $6.9BQ1'23Q2'23, Cash and equivalents: $652MQ2'23, Long-term debt: $6.9BQ3'23, Cash and equivalents: $630MQ3'23, Long-term debt: $9.0BQ3'23Q4'23, Cash and equivalents: $370MQ4'23, Long-term debt: $9.1BQ1'24, Cash and equivalents: $272MQ1'24, Long-term debt: $9.1BQ1'24Q2'24, Cash and equivalents: $542MQ2'24, Long-term debt: $9.4BQ3'24, Cash and equivalents: $599MQ3'24, Long-term debt: $9.5BQ3'24Q4'24, Cash and equivalents: $447MQ4'24, Long-term debt: $9.4BQ1'25, Cash and equivalents: $287MQ1'25, Long-term debt: $9.4BQ1'25Q2'25, Cash and equivalents: $1.1BQ2'25, Long-term debt: $10.4BQ3'25, Cash and equivalents: $296MQ3'25, Long-term debt: $10.0BQ3'25Q4'25, Cash and equivalents: $318MQ4'25, Long-term debt: $10.3BQ1'26, Cash and equivalents: $135MQ1'26, Long-term debt: $9.7BQ1'26Q2'26, Cash and equivalents: $260MQ2'26, Long-term debt: $10.2BQ3'26, Cash and equivalents: $560MQ3'26, Long-term debt: $12.0BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 26, 2026.

Public Storage income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 26, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 27, 2026Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 30, 2025Q4 FY2024ended Dec 31, 2024filed Feb 24, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue1,3661,2331,2181,2161,2241,2011,1831,177+11.6%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative3844302729262533+32.9%
Operating income317467474—492500464—−35.5%
Other income (expense)—————————
Pretax income363506531495518365412617−29.8%
Income tax(15)32(15)331(1)−631.1%
Net income312450477457461309358564−32.3%
Diluted EPS ($)1.692.552.71—2.621.762.04—−35.5%
Diluted shares (millions)185177176—176176176——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 26, 2026.

Public Storage balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 26, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 27, 2026Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 30, 2025Q4 FY2024ended Dec 31, 2024filed Feb 24, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents5602601353182961,105287447+89.0%
Short-term investments—————————
Total current assets—————————
Total assets28,99820,11819,85020,20920,11420,54119,61519,755+44.2%
Total current liabilities—————————
Long-term debt11,99210,1809,70710,25410,04310,4409,4259,353+19.4%
Total liabilities13,77810,83210,53110,86710,70711,0659,9459,941+28.7%
Stockholders’ equity14,5029,1909,2249,2489,3129,3729,5669,713+55.7%
Shares outstanding (millions)187176176176175175175175—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 26, 2026.

Public Storage cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 26, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 27, 2026Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 30, 2025Q4 FY2024ended Dec 31, 2024filed Feb 24, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow709868695734875873705769−19.0%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization413288291296290283283281+42.1%
Share repurchases———00——0—
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 12, 2026.

Income statement

Public Storage income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 12, 2026FY2024ended Dec 31, 2024filed Feb 24, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 21, 2023FY2021ended Dec 31, 2021filed Feb 22, 2022FY2020ended Dec 31, 2020filed Feb 24, 2021FY2019ended Dec 31, 2019filed Feb 25, 2020FY2018ended Dec 31, 2018filed Feb 27, 2019FY2017ended Dec 31, 2017filed Mar 1, 2018FY2016ended Dec 31, 2016filed Mar 1, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Mar 1, 2010FY2008ended Dec 31, 2008filed Aug 10, 2009FY2007ended Dec 31, 2007filed Aug 10, 2009
Revenue4,8244,6964,5184,1823,4162,9152,8552,7602,6692,5612,3822,1771,9651,8431,7361,6141,6231,7201,787
Cost of revenue———————740708669636613560——————
Gross profit———————2,0151,9611,8911,7461,5641,405——————
Research and development———————————————————
Selling, general and administrative10710781727683621058384887167575238366360
Operating income————————1,4231,3741,2321,055951872763693———
Other income (expense)———————————————————
Pretax income1,7902,0892,1714,3811,972—————————774693697650—
Income tax(7)5111412———00000——————
Net income1,5861,8731,9494,1421,7321,0981,2731,4891,1721,1841,053908845670562399586——
Diluted EPS ($)9.0110.6411.0623.509.876.297.298.546.736.816.075.254.893.903.292.353.474.18(0.01)
Diluted shares (millions)176176176176176175175174174174174173173172171170169169170

Balance sheet

Public Storage balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 12, 2026FY2024ended Dec 31, 2024filed Feb 24, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 21, 2023FY2021ended Dec 31, 2021filed Feb 22, 2022FY2020ended Dec 31, 2020filed Feb 24, 2021FY2019ended Dec 31, 2019filed Feb 25, 2020FY2018ended Dec 31, 2018filed Feb 27, 2019FY2017ended Dec 31, 2017filed Mar 1, 2018FY2016ended Dec 31, 2016filed Mar 1, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Mar 1, 2010FY2008ended Dec 31, 2008filed Aug 10, 2009FY2007ended Dec 31, 2007filed Aug 10, 2009
Cash and equivalents3184473707757352584103614331841041881917139456764681245
Short-term investments———————————————————
Total current assets———————————————————
Total assets20,20919,75519,80917,55217,38111,81711,36510,92810,73310,1309,7789,8199,8768,7938,9339,4959,8069,936—
Total current liabilities———————————————————
Long-term debt10,2549,3539,1036,8717,4752,5451,9021,4121,431391—————————
Total liabilities10,8679,9419,7027,3867,9573,2402,2861,7841,7696895813121,057671609774731856—
Stockholders’ equity9,2489,71310,01310,0739,3358,5599,0639,1198,9409,4129,1719,4818,7928,0948,2888,6778,9288,709—
Shares outstanding (millions)176175176176175175175174174174173173172172171170170——

Cash flow statement

Public Storage cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 12, 2026FY2024ended Dec 31, 2024filed Feb 24, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 21, 2023FY2021ended Dec 31, 2021filed Feb 22, 2022FY2020ended Dec 31, 2020filed Feb 24, 2021FY2019ended Dec 31, 2019filed Feb 25, 2020FY2018ended Dec 31, 2018filed Feb 27, 2019FY2017ended Dec 31, 2017filed Mar 1, 2018FY2016ended Dec 31, 2016filed Mar 1, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Mar 1, 2010FY2008ended Dec 31, 2008filed Aug 10, 2009FY2007ended Dec 31, 2007filed Aug 10, 2009
Operating cash flow3,1863,1283,2473,1172,5442,0432,0682,0641,9731,9451,748—1,4301,2861,2031,0931,1131,0771,048
Capital expenditures———————————————————
Free cash flow (CFO − capex)———————————————————
Depreciation and amortization1,1521,130970888713553513484455433426437387358358353339409620
Share repurchases020000————————————01120
Dividends paid———————————968887754621517372471—

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$463K
1 sales by 1 insider; officers and directors $463K
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$772K
2 sales by 1 insider; officers and directors $772K

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 6, 2026Spogli Ronald PDirectoraward6$285.85$2K12,840Oct 7, 2026
Oct 6, 2026Havner Ronald L JRDirectoraward4$285.85$1K6,735Oct 7, 2026
Sep 30, 2026Mitra ShankhDirectoraward339$282.84$96K9,668Oct 2, 2026
Sep 30, 2026Williams Paul SDirectoraward52$282.84$15K1,530Oct 2, 2026
Aug 13, 2026Vitan Nathaniel A.Chief Legal Officeropen-market sale1,414$327.53$463K0Aug 14, 2026
Jun 30, 2026Mitra ShankhDirectoraward305$318.31$97K9,329Jul 2, 2026
Jun 30, 2026Williams Paul SDirectoraward46$318.31$15K1,478Jul 2, 2026
Jun 30, 2026Spogli Ronald PDirectoraward6$318.31$2K12,834Jul 2, 2026
Jun 30, 2026Havner Ronald L JRDirectoraward4$318.31$1K6,731Jul 2, 2026
Jun 12, 2026Vitan Nathaniel A.Chief Legal Officeropen-market sale950$324.81$309K1,414Jun 16, 2026
Apr 14, 2026Havner Ronald L JRDirectorgift734$0.00—6,727Apr 15, 2026
Apr 10, 2026Poladian Avedick BaruyrDirectorgift2,000$0.00—28,163Apr 13, 2026
Apr 10, 2026Poladian Avedick BaruyrDirectorgiftindirect2,000$0.00—2,000Apr 13, 2026
Apr 10, 2026Poladian Avedick BaruyrDirectorgift2,000$0.00—26,163Apr 13, 2026
Apr 10, 2026Poladian Avedick BaruyrDirectorgift2,000$0.00—24,163Apr 13, 2026
Apr 1, 2026Havner Ronald L JRDirectortax withholding266$276.24$73K7,461Apr 3, 2026
Mar 31, 2026Spogli Ronald PDirectoraward7$270.88$2K12,828Apr 2, 2026
Mar 31, 2026Havner Ronald L JRDirectoraward5$270.88$1K7,727Apr 2, 2026
Mar 31, 2026Mitra ShankhDirectoraward128$270.88$35K9,024Apr 2, 2026
Mar 31, 2026Williams Paul SDirectoraward54$270.88$15K1,432Apr 2, 2026
Mar 31, 2026Reyes JohnDirectoraward123$270.88$33K3,314Apr 2, 2026
Dec 31, 2025Reyes JohnDirectoraward128$259.50$33K3,191Jan 2, 2026
Dec 31, 2025Williams Paul SDirectoraward77$259.50$20K1,378Jan 2, 2026
Dec 31, 2025Mitra ShankhDirectoraward128$259.50$33K8,896Jan 2, 2026
Dec 30, 2025Havner Ronald L JRDirectoraward5$261.13$1K7,722Jan 2, 2026

Full insider history for Public Storage, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held PSA in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded PSA by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$77M241,0200.12%trimmed −9.7%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Public Storage, CIK 1393311 on EDGAR
Extract generated
October 27, 2026
Withheld
1 line-years whose four quarters do not sum to the filed year: revenue FY2010
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: CostOfRevenue
Gross profit: GrossProfit
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): not filed
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLossAvailableToCommonStockholdersBasic
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: not filed
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization, DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated October 27, 2026.

JSON file
/data/financials/PSA.json