Public Storage
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Financial Performance
Revenue
$4.824B
Market Cap
$53.8B
Net Income
$1.8B
Employees
6,000
Public Storage is operating as the undisputed largest self-storage REIT in the world, extracting stable, recurring revenues from millions of habitual renters across its portfolio of storage facilities. Under CEO Joe Russell, the storage giant generated exactly $4.5 billion in revenue and maintains a $53.8 billion market cap with exactly 6000 employees. The financial narrative in 2026 is entirely defined by occupancy stabilization after extraordinary pandemic-driven demand peaks; absorbing a significant new supply wave in sunbelt markets, Public Storage extracts resilient same-store revenues by deploying sophisticated dynamic pricing algorithms and marketing to the life transition events (divorce, death, downsizing) that permanently drive self-storage demand.
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 approximately $4.5B in fiscal year 2025 with a team of 6,000 employees worldwide.
Public Storage strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Self-Storage Real Estate Investment Trust (REIT) is driven by steady cash generation and pricing power, enabling Public Storage to reinvest in high-return strategic initiatives.
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>