What was Public Storage's net income in 2024?

Public Storage reported $2.2B in net income for fiscal year 2024.

How did Public Storage's revenue change from 2023 to 2024?

Public Storage revenue grew from $4.5B in 2023 to $4.7B in 2024, a change of 3.9%.

Was 2024 Public Storage's best revenue year?

No. Public Storage's highest recorded revenue year was 2025 at $4.8B. In 2024, Public Storage reported $4.7B.

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 2024

Q: What was Public Storage's revenue in 2024?

Public Storage reported $4.7B in revenue for fiscal year 2024. This represents a +3.9% change compared to 2023. Public Storage generated $4.696 billion in FY2024, a steady 3.9% increase over 2023, driven by dynamic pricing gains and the full-year contribution of the Simply Self Storage portfolio.

FY2024 Revenue

$4.7B

▲ 3.9% vs FY2023 ($4.5B)

Net Income: $2.2B

Source: Annual report / company filing

Public Storage reported $4.7B in revenue for fiscal year 2024. This represents a growth of 3.9% compared to the 2023 figure of $4.5B. In 2025, revenue increased to $4.8B.

Public Storage generated $4.696 billion in FY2024, a steady 3.9% increase over 2023, driven by dynamic pricing gains and the full-year contribution of the Simply Self Storage portfolio.

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

FY2023: $4.5B

Next year →

FY2025: $4.8B

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