Company / Income Tax
Public Storage Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
-$7.2M
FY2025
5-year range
-$7.2M / $14.3M
FY2021-FY2025
Trend
-254.8%
vs FY2024
Sector context
#99 of 107
Real Estate
What the data says
Income Tax changed -255% YoY in FY2025, a notable deviation from the 4-year average annual change of -80%.
Based on SEC 10-K filings.
-$7M in FY2025.
Improved from $11M to -$7M over the past 2 years.
Real Estate sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Top 7% in Real EstateTop 7% of 107This company -$7.2M Sector average $19.8M
▼
-136.6% below sector average
Key checks
Key Insights
- Public Storage's income tax has declined for 3 consecutive years.
- In FY2025, income tax decreased 254.8% year-over-year.
- Ranks #99 out of 107 companies in the Real Estate sector.
- Peak income tax was recorded in FY2022.
Company context
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.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$7.2M | -254.8% |
| FY2024 | $4.7M | -56.9% |
| FY2023 | $10.8M | -24.5% |
| FY2022 | $14.3M | +15.9% |
| FY2021 | $12.4M | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | $0 | - |
| FY2016 | $0 | - |
As of FY2025 · SEC 10-K · Updated Mar 14, 2026