Public Storage (PSA) Financials
Key financial figures for Public Storage (Q2 2026).
Public Storage reported Q2 2026 core FFO per share of $4.17 (down 2.6% year over year) on total revenue of $1,232.9 million, as same-store NOI declined 2.2% while the company completed its National Storage Affiliates merger and raised full-year guidance. Total revenue of $1,232.9 million; Core FFO per share of $4.17, down 2.6% year over year from $4.28; GAAP diluted EPS of $2.55, up from $1.76 in Q2 2025. Same-store revenue declined 0.6% year over year and same-store NOI declined 2.2%; same-store occupancy rose 20 basis points to 92.5%; realized annual rent per occupied square foot fell 0.8% to $21.89. Acquired 20 self-storage facilities (1.5 million net rentable square feet) for $222.5 million in the quarter; year-to-date the company acquired or was under contract to acquire 44 facilities (3.2 million square feet) for $454.9 million. On the outlook: Raised full-year 2026 Core FFO guidance to $16.75-$17.05 per share, up from the prior range of $16.35-$17.00, reflecting first-half 2026 performance and expected accretion from the National Storage Affiliates and Public Storage Canada transactions. Figures are for Q2 2026, as Public Storage reported them.
- Revenue
- $1.2B
- Net Income
- $503M
- EPS
- $2.56
- Total Assets
- $20.1B
- Operating Cash Flow
- $868M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 | 45.79% | $634M |
| Q3 FY2025 | $1.2B | $511M | $2.62 | 70.62% | |
| Q2 FY2025 | $1.2B | $358M | $1.76 | 47.89% | $817M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $4.8B | $1.8B | $9.01 | 46.73% | $2.9B |
| FY2024 | $4.7B | $2.1B | $10.64 | 46.88% | $2.7B |
| FY2023 | $4.5B | $2.1B | $11.06 | 51.33% | $2.8B |
Frequently asked questions
What was Public Storage's revenue last quarter?
Public Storage reported revenue of $1.23 billion for Q2 FY2026, up 2.6% from the same period a year earlier.
Is Public Storage profitable?
Yes. Public Storage reported net income of $500.0 million for Q2 FY2026, a net margin of 40.55% on revenue.
How has Public Storage's margin trended?
Operating margin was 37.85% in Q2 FY2026, compared with 47.89% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How many quarters of Public Storage financials does SentiSense hold?
SentiSense holds up to forty quarters and twenty fiscal years of income statement, balance sheet and cash flow history for PSA. The 5 most recent quarters are summarised above.
Full income statement, balance sheet and cash flow for Public Storage on SentiSense, with up to forty quarters and twenty fiscal years of history.