Gross Profit for Public Storage (PSA)
According to Public Storage's latest reported financial statements, the company's current gross profit (TTM) is $2.95B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$2.95B
YoY change
-65.0%
5Y CAGR
-10.1%
Peak year (2024)
$3.44B
Cumulative gross profit
$41.74B
Gross Profit history chart for Public Storage (PSA) from 1983 to 2025
Gross Profit history table for Public Storage (PSA) from 1983 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $1.20B | -65.0% | ||
| 2024 | $3.44B | +2.0% | ||
| 2023 | $3.37B | +7.7% | ||
| 2022 | $3.13B | +25.4% | ||
| 2021 | $2.50B | +21.9% | ||
| 2020 | $2.05B | +0.3% | ||
| 2019 | $2.04B | +2.0% | ||
| 2018 | $2.00B | +2.1% | ||
| 2017 | $1.96B | +3.7% | ||
| 2016 | $1.89B | +8.3% | ||
| 2015 | $1.75B | +11.7% | ||
| 2014 | $1.56B | +11.3% | ||
| 2013 | $1.41B | +9.2% | ||
| 2012 | $1.29B | +9.5% | ||
| 2011 | $1.18B | +8.3% | ||
| 2010 | $1.09B | -1.5% | ||
| 2009 | $1.10B | -5.5% | ||
| 2008 | $1.17B | +0.8% | ||
| 2007 | $1.16B | +31.1% | ||
| 2006 | $882.57M | +29.5% | ||
| 2005 | $681.58M | +14.3% | ||
| 2004 | $596.21M | +8.0% | ||
| 2003 | $552.02M | +2.0% | ||
| 2002 | $540.99M | +4.7% | ||
| 2001 | $516.73M | +10.3% | ||
| 2000 | $468.27M | +9.6% | ||
| 1999 | $427.15M | +22.2% | ||
| 1998 | $349.65M | -25.5% | ||
| 1997 | $469.05M | +38.5% | ||
| 1996 | $338.55M | +141.9% | ||
| 1995 | $139.95M | +48.3% | ||
| 1994 | $94.38M | -17.7% | ||
| 1993 | $114.70M | +63.9% | ||
| 1992 | $70.00M | +40.0% | ||
| 1991 | $50.00M | +44.9% | ||
| 1990 | $34.50M | +16.2% | ||
| 1989 | $29.70M | -0.3% | ||
| 1988 | $29.80M | +4.9% | ||
| 1987 | $28.40M | +22.4% | ||
| 1986 | $23.20M | +20.2% | ||
| 1985 | $19.30M | +87.4% | ||
| 1984 | $10.30M | +56.1% | ||
| 1983 | $6.60M | — |
Gross Profit values are taken from Public Storage's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual gross profit for Public Storage (PSA) came in at $1.20B – plunged 65.0% year-over-year.
Public Storage gross profit compound annual growth for the 2020–2025 (5 years) window is -10.1%, with a net decline across the window.
Public Storage gross profit plunged from $3.44B in 2024 to $1.20B in 2025, a 65.0% drawdown.
$3.44B stands as the all-time-high annual gross profit, posted in 2024, against a low of $6.60M during 1983.
Within Real Estate, Public Storage (PSA) ranks 9th among 8 peers we track. The peer median for gross profit is $5.20B.
Public Storage Gross Profit by Year
Public Storage Gross Profit 2025: $1.20B
Public Storage gross profit in 2025 was $1.20B, plunged 65.0% below 2024.
Public Storage Gross Profit 2024: $3.44B
Public Storage gross profit in 2024 was $3.44B, edged up 2.0% from 2023. This figure represents the highest annual value in the available history.
Public Storage Gross Profit 2023: $3.37B
Public Storage gross profit in 2023 was $3.37B, grew 7.7% from 2022.
Public Storage Gross Profit 2022: $3.13B
Public Storage gross profit in 2022 was $3.13B, grew 25.4% from 2021.
Public Storage Gross Profit 2021: $2.50B
Public Storage gross profit in 2021 was $2.50B.
See more financial history for Public Storage (PSA).
Sector peers — Gross Profit
Companies in the same sector as Public Storage, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $7.84B | Real Estate |
| CBRE Group, Inc. (CBRE) | $6.07B | Real Estate |
| Simon Property Group, Inc. (SPG) | $5.46B | Real Estate |
| Prologis, Inc. (PLD) | $5.24B | Real Estate |
| Realty Income Corporation (O) | $5.16B | Real Estate |
| Equinix, Inc. (EQIX) | $4.75B | Real Estate |
| Welltower Inc. (WELL) | $4.18B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $3.39B | Real Estate |
Frequently asked questions
What is Public Storage's gross profit?
- Latest reported gross profit for Public Storage (PSA) is $2.95B (period ending March 31, 2026).
How has Public Storage gross profit changed year-over-year?
- Public Storage (PSA) gross profit changed -65.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Public Storage gross profit?
- Public Storage (PSA) gross profit compound annual growth rate is -10.1% over the most recent 5 years available.
When did Public Storage gross profit hit its highest annual value?
- Public Storage gross profit reached its highest annual value of $3.44B in 2024.
What was Public Storage gross profit in 2024?
- Public Storage (PSA) gross profit in 2024 was $3.44B.
What was Public Storage gross profit in 2025?
- Public Storage (PSA) gross profit in 2025 was $1.20B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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