Public Storage (PSA) Financials
Key financial figures for Public Storage (Q3 2026).
Public Storage Q3 2026 Core FFO of $4.34 per share rose 0.7% year over year, and management raised full-year Core FFO guidance to $16.90-$17.10 after closing the NSA and PS Canada acquisitions. Core FFO per share was $4.34 versus $4.31 a year earlier (+0.7%); diluted net income per share fell 35.5% to $1.69 from $2.62, as $114.6 million of transaction and integration expense and higher depreciation hit GAAP earnings. Total revenues were $1.366 billion versus $1.224 billion a year earlier, helped by the NSA acquisition (closed July 22, 2026) and PS Canada (closed September 1, 2026); operating income fell to $317.0 million from $491.5 million. On the outlook: Raised 2026 outlook: Same Store revenue growth 0.0% to 0.5% (prior -0.7% to 0.3%), Same Store expense growth 1.5% to 2.5% (prior 2.0% to 3.0%), Same Store NOI growth -0.8% to 0.2% (prior -2.0% to -0.3%), Non-Same Store NOI $355 million to $363 million excluding NSA and PS Canada (prior $343 million to $357 million), Core FFO per share $16.90 to $17.10 (prior $16.75 to $17.05). Figures are for Q3 2026, as Public Storage reported them.
- Revenue
- $1.4B
- Net Income
- $367M
- EPS
- $1.70
- Total Assets
- $29.0B
- Operating Cash Flow
- $709M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.4B | $367M | $1.69 | 30.71% | $568M |
| Q2 FY2026 | $1.2B | $500M | $2.55 | 37.85% | |
| Q1 FY2026 | $1.2B | $526M | $2.71 | 38.95% | $625M |
| Q4 FY2025 | $1.2B | $507M | $2.60 | $634M | |
| Q3 FY2025 | $1.2B | $511M | $2.62 |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $4.8B | $1.8B | $9.01 | $2.9B | |
| FY2024 | $4.7B | $2.1B | $10.64 | $2.7B | |
| FY2023 | $4.5B | $2.1B | $11.06 | $2.8B |
Frequently asked questions
What was Public Storage's revenue last quarter?
Public Storage reported revenue of $1.37 billion for Q3 FY2026, up 11.6% from the same period a year earlier.
Is Public Storage profitable?
Yes. Public Storage reported net income of $366.9 million for Q3 FY2026, a net margin of 26.86% on revenue.
How has Public Storage's margin trended?
Operating margin was 30.71% in Q3 FY2026. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Public Storage generate?
Public Storage generated free cash flow of $568.3 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Public Storage on SentiSense, with up to forty quarters and twenty fiscal years of history.