Company / Net Income
Public Storage Net Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$1.8B
FY2025
5-year range
$1.8B / $4.3B
FY2021-FY2025
Trend
-13.9%
vs FY2024
Sector context
#4 of 143
Real Estate
What the data says
Among 143 Real Estate companies, Public Storage is in the top 3% for net income. Net Income has declined for 3 consecutive years, from $4.3B in FY2022 to $1.8B in FY2025.
Based on SEC 10-K filings.
$1.8B in FY2025 with a 5-year CAGR of +5.6%. Top quartile in the Real Estate sector.
Declined from $2.1B to $1.8B over the past 2 years.
Real Estate sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- -25.7%
- 5-Year CAGR
- +5.6%
- 10-Year CAGR
- -
Sector benchmark
Top 3% in Real EstateTop 3% of 143This company $1.8B Sector average $283.9M
▼
+528.4% above sector average
Key checks
Key Insights
- Public Storage's net income has declined for 3 consecutive years.
- 5-year CAGR of +5.6%, indicating consistent growth.
- In FY2025, net income decreased 13.9% year-over-year.
- Ranks #4 out of 143 companies in the Real Estate sector.
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 | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.8B | -13.9% |
| FY2024 | $2.1B | -3.6% |
| FY2023 | $2.1B | -50.6% |
| FY2022 | $4.3B | +122.7% |
| FY2021 | $2.0B | +43.9% |
| FY2020 | $1.4B | -10.7% |
| FY2019 | $1.5B | -11.1% |
| FY2018 | $1.7B | +18.6% |
| FY2017 | $1.4B | -0.8% |
| FY2016 | $1.5B | +10.9% |
As of FY2025 · SEC 10-K · Updated Mar 14, 2026