Public Storage
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.82B | $4.70B | $4.52B | $4.18B | $3.42B | $2.92B | $2.86B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $106.7M | $106.7M | $80.6M | $71.7M | $76.0M | $83.2M | $62.1M |
| Operating Income | — | $2.09B | $2.38B | $2.37B | $4.52B | $2.06B | $1.35B | $1.42B |
| Operating Margin | — | 43.4% | 50.6% | 52.5% | 108.0% | 60.4% | 46.5% | 49.8% |
| Interest Expense | — | $304.5M | $287.4M | $201.1M | $136.3M | $90.8M | $56.3M | $45.6M |
| Pretax Income | — | $1.79B | $2.09B | $2.17B | $4.38B | $1.97B | — | — |
| Income Tax Expense | — | $-7.2M | $4.7M | $10.8M | $14.3M | $12.4M | — | — |
| Net Income | — | $1.78B | $2.07B | $2.15B | $4.35B | $1.95B | $1.36B | $1.52B |
| Net Margin | — | 37.0% | 44.1% | 47.6% | 104.0% | 57.2% | 46.6% | 53.3% |
| EPS (Basic) | — | $9.04 | $10.68 | $11.11 | $23.64 | $9.91 | $6.29 | $7.30 |
| EPS (Diluted) | — | $9.01 | $10.64 | $11.06 | $23.50 | $9.87 | $6.29 | $7.29 |
| Shares Outstanding (Basic) | 175.5M | 175.4M | 175.4M | 175.5M | 175.3M | 174.9M | 174.5M | 174.3M |
| Shares Outstanding (Diluted) | 175.5M | 175.9M | 176.0M | 176.1M | 176.3M | 175.6M | 174.6M | 174.5M |
| Dividends Per Share | — | $12.00 | $12.00 | $12.00 | $21.15 | $8.00 | $8.00 | $8.00 |