How did Public Storage's revenue change from 2022 to 2023?

Public Storage revenue grew from $4.2B in 2022 to $4.5B in 2023, a change of 8.4%.

Was 2023 Public Storage's best revenue year?

No. Public Storage's highest recorded revenue year was 2025 at $4.8B. In 2023, Public Storage reported $4.5B.

What was Public Storage's highest ever annual revenue?

Public Storage's highest ever annual revenue was $4.8B recorded in fiscal year 2025.

Public Storage

Self-Storage Real Estate Investment Trust (REIT)Founded 1972

Reviewed by Swet Parvadiya

Last reviewed: June 2026

Explore Public Storage

Core profile pages, annual revenue records, and related research hubs for this company.

Public Storage

Self-Storage Real Estate Investment Trust (REIT)Founded 1972

Reviewed by Swet Parvadiya

Last reviewed: June 2026

Annual Revenue

Public Storage Revenue in 2023

Q: What was Public Storage's revenue in 2023?

Public Storage reported $4.5B in revenue for fiscal year 2023. This represents a +8.4% change compared to 2022. Revenue rose 8.4% to $4.518 billion in FY2023, as month-to-month leases reset to market rates and newly acquired Simply Self Storage facilities began adding to the national footprint.

FY2023 Revenue

$4.5B

▲ 8.4% vs FY2022 ($4.2B)

Source: Annual report / company filing

Public Storage reported $4.5B in revenue for fiscal year 2023. This represents a growth of 8.4% compared to the 2022 figure of $4.2B. In 2024, revenue increased to $4.7B.

Revenue rose 8.4% to $4.518 billion in FY2023, as month-to-month leases reset to market rates and newly acquired Simply Self Storage facilities began adding to the national footprint.

Revenue by Year

FY2025 FY2024 FY2023 FY2022

Public Storage Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2025	$4.8B	—	+2.7%
FY2024	$4.7B	$2.2B	+3.9%
FY2023	$4.5B	—	+8.4%
FY2022	$4.2B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

← Previous year

FY2022: $4.2B

Next year →

FY2024: $4.7B

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