Public Storage
Explore Public Storage
Core profile pages, annual revenue records, and related research hubs for this company.
Public Storage
Explore Public Storage
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$4.824B
Market Cap
$44.2B
Net Income
$1.8B
Employees
5,770
Public Storage reported FY2025 revenues of $4.824B, up from $4.696B in FY2024, and net income of $1.784B. Total self-storage revenues grew modestly, while same-store revenues were essentially flat because higher realized rent per occupied square foot was offset by lower average occupancy. The Q1 2026 update showed a REIT being measured more by FFO and operating platform execution than by revenue alone. Public Storage reported net income of $2.71 per share, Core FFO of $4.22 per share, 2.4% Core FFO growth, and a 77.1% same-store NOI margin. The company also reaffirmed 2026 Core FFO guidance of $16.35-$17.00 per share. The pending National Storage Affiliates transaction is the major strategic variable. If completed, it would expand scale and third-party management opportunities, but it also adds integration, financing, and execution risk during a period when same-store storage demand remains sensitive to housing and moving activity.
Revenue Trend Analysis
YoY Change
+2.7%
2-Year CAGR
+3.3%
Peak Year
2025
Trend
Consistent Growth
Public Storage has reported revenue across 3 fiscal years, compounding at +3.3% annually over 2 years. The most recent year saw a 2.7% increase versus the prior year. Revenue peaked in 2025 at $4.8B. Out of 2 reported periods, 2 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $4.8B | $1.8B | +2.7% |
| FY2024 | $4.7B | $2.1B | +3.9% |
| FY2023 | $4.5B | $2.1B | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Public Storage reported $4.824B in FY2025 revenues.
Public Storage reported $1.784B in FY2025 net income.
Public Storage had approximately 5,770 employees at year-end 2025.
Tom Boyle became CEO of Public Storage effective April 1, 2026.
Public Storage reported Q1 2026 net income of $2.71 per share and Core FFO of $4.22 per share.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Public Storage Revenue & Financials." CorpDigest, https://corpdigest.com/company/public-storage/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Public Storage reported $5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/public-storage/financials" target="_blank" rel="noopener">CorpDigest — Public Storage financials</a></div>