Public Storage Income Statement
PSA / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Public Storage reported $4.8B in revenue and $1.8B in net income for FY2025. Revenue has grown at a 7.6% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.54 (distress zone, below 1.8 threshold)
- Strong profit margin: 39.5%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 20.3%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8B | $4.7B | $4.5B | $4.2B | $3.4B | $2.9B | $2.9B | $2.8B | $2.7B | $2.6B | $2.4B | $2.2B | $2.0B | $1.8B | $1.7B |
| Cost of Revenue | - | - | - | - | - | - | - | $192.8M | $708.0M | $669.1M | $635.5M | $613.3M | $559.8M | - | - |
| Gross Profit | - | - | - | - | - | - | - | $2.0B | $2.0B | $1.9B | $1.7B | $1.6B | $1.4B | - | - |
| SG&A Expense | $106.7M | $106.7M | $80.6M | $71.7M | $76.0M | $83.2M | $62.1M | $104.7M | $82.9M | $83.7M | $88.2M | $71.5M | $66.7M | $56.8M | $52.4M |
| Operating Income | - | - | - | - | - | - | - | - | $1.4B | $1.4B | $1.2B | $1.1B | $951.1M | $872.0M | $762.8M |
| Interest Expense | $304.5M | $287.4M | $201.1M | $136.3M | $90.8M | $56.3M | $45.6M | $32.5M | $12.7M | $4.2M | $610.0K | $6.8M | $6.4M | $19.8M | $24.2M |
| Income Tax | -$7.2M | $4.7M | $10.8M | $14.3M | $12.4M | - | - | - | $0 | $0 | $0 | $0 | $0 | - | - |
| Net Income | $1.8B | $2.1B | $2.1B | $4.3B | $2.0B | $1.4B | $1.5B | $1.7B | $1.4B | $1.5B | $1.3B | $1.1B | $1.1B | $939.3M | $823.8M |
| EPS (Basic) | $11.11 | $23.64 | $9.91 | $6.29 | $7.30 | $8.56 | $6.75 | $6.84 | $6.10 | $5.27 | $4.92 | $3.93 | $3.31 | $2.36 | $3.48 |
| EPS (Diluted) | $11.06 | $23.50 | $9.87 | $6.29 | $7.29 | $8.54 | $6.73 | $6.81 | $6.07 | $5.25 | $4.89 | $3.90 | $3.29 | $2.35 | $3.47 |
| Shares Outstanding | 176.1M | 176.3M | 175.3M | 175.1M | 174.6M | 174.4M | 174.1M | 173.9M | 173.3M | 172.9M | 172.4M | 171.8M | 171.4M | 170.2M | 169.3M |
| Gross Margin | - | - | - | - | - | - | - | 73.0% | 73.5% | 73.9% | 73.3% | 71.8% | 71.5% | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | 53.3% | 53.7% | 51.7% | 48.5% | 48.4% | 47.3% | 43.9% |
| Profit Margin | 37.0% | 44.1% | 47.5% | 104.0% | 57.2% | 46.6% | 53.3% | 62.0% | 54.0% | 56.8% | 55.1% | 52.5% | 53.6% | 51.0% | 47.5% |