TTM
$2.47B
YoY change
+2.4%
5Y CAGR
+9.8%
Peak year (2023)
$2.32B
Cumulative operating income
$29.91B
Operating Income history chart for Public Storage (PSA) from 1983 to 2025
Latest: $2.25B
Operating Income growth chart for Public Storage (PSA) from 1983 to 2025
Latest: +2.4%
Operating Income history table for Public Storage (PSA) from 1983 to 2025
| 2025 | $2.25B | +2.4% | +$53.14M | ||
| 2024 | $2.20B | -5.1% | −$117.88M | ||
| 2023 | $2.32B | +6.9% | +$149.62M | ||
| 2022 | $2.17B | +27.2% | +$463.61M | ||
| 2021 | $1.71B | +20.9% | +$294.68M | ||
| 2020 | $1.41B | -3.8% | −$55.74M | ||
| 2019 | $1.47B | +3.7% | +$52.81M | ||
| 2018 | $1.41B | -0.6% | −$9.06M | ||
| 2017 | $1.42B | +3.5% | +$48.65M | ||
| 2016 | $1.37B | +11.6% | +$142.49M | ||
| 2015 | $1.23B | +16.7% | +$176.61M | ||
| 2014 | $1.06B | +11.0% | +$104.30M | ||
| 2013 | $951.10M | +9.1% | +$79.12M | ||
| 2012 | $871.98M | +14.3% | +$109.17M | ||
| 2011 | $762.81M | +10.1% | +$70.17M | ||
| 2010 | $692.65M | -4.7% | −$34.18M | ||
| 2009 | $726.83M | +4.7% | +$32.41M | ||
| 2008 | $694.42M | +69.0% | +$283.48M | ||
| 2007 | $410.94M | +14.0% | +$50.59M | ||
| 2006 | $360.34M | -22.4% | −$103.97M | ||
| 2005 | $464.31M | +17.7% | +$69.80M | ||
| 2004 | $394.51M | +12.4% | +$43.48M | ||
| 2003 | $351.03M | +0.1% | +$344.00K | ||
| 2002 | $350.68M | -5.1% | −$18.68M | ||
| 2001 | $369.36M | +10.3% | +$34.41M | ||
| 2000 | $334.95M | +20.5% | +$56.95M | ||
| 1999 | $278.00M | +1469.9% | +$260.29M | ||
| 1998 | $17.71M | -95.2% | −$353.60M | ||
| 1997 | $371.31M | +40.3% | +$106.67M | ||
| 1996 | $264.64M | +207.6% | +$178.61M | ||
| 1995 | $86.03M | +47.1% | +$27.54M | ||
| 1994 | $58.49M | -68.5% | −$126.91M | ||
| 1993 | $185.40M | +65.8% | +$73.60M | ||
| 1992 | $111.80M | +47.5% | +$36.00M | ||
| 1991 | $75.80M | +60.6% | +$28.60M | ||
| 1990 | $47.20M | +26.9% | +$10.00M | ||
| 1989 | $37.20M | -6.1% | −$2.40M | ||
| 1988 | $39.60M | +5.3% | +$2.00M | ||
| 1987 | $37.60M | +26.2% | +$7.80M | ||
| 1986 | $29.80M | +18.7% | +$4.70M | ||
| 1985 | $25.10M | +470.5% | +$20.70M | ||
| 1984 | $4.40M | +57.1% | +$1.60M | ||
| 1983 | $2.80M | — | — |
- 2025$2.25B+2.4%
- 2024$2.20B-5.1%
- 2023$2.32B+6.9%
- 2022$2.17B+27.2%
- 2021$1.71B+20.9%
- 2020$1.41B-3.8%
- 2019$1.47B+3.7%
- 2018$1.41B-0.6%
- 2017$1.42B+3.5%
- 2016$1.37B+11.6%
- 2015$1.23B+16.7%
- 2014$1.06B+11.0%
- 2013$951.10M+9.1%
- 2012$871.98M+14.3%
- 2011$762.81M+10.1%
- 2010$692.65M-4.7%
- 2009$726.83M+4.7%
- 2008$694.42M+69.0%
- 2007$410.94M+14.0%
- 2006$360.34M-22.4%
- 2005$464.31M+17.7%
- 2004$394.51M+12.4%
- 2003$351.03M+0.1%
- 2002$350.68M-5.1%
- 2001$369.36M+10.3%
- 2000$334.95M+20.5%
- 1999$278.00M+1469.9%
- 1998$17.71M-95.2%
- 1997$371.31M+40.3%
- 1996$264.64M+207.6%
- 1995$86.03M+47.1%
- 1994$58.49M-68.5%
- 1993$185.40M+65.8%
- 1992$111.80M+47.5%
- 1991$75.80M+60.6%
- 1990$47.20M+26.9%
- 1989$37.20M-6.1%
- 1988$39.60M+5.3%
- 1987$37.60M+26.2%
- 1986$29.80M+18.7%
- 1985$25.10M+470.5%
- 1984$4.40M+57.1%
- 1983$2.80M—
Operating Income values are taken from Public Storage's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Public Storage (PSA)
According to Public Storage's latest reported financial statements, the company's current operating income (TTM) is $2.47B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Public Storage (PSA) operating income is $2.25B – edged up 2.4% year-over-year.
Across 2020–2025 (5 years), Public Storage operating income produced a CAGR of +9.8% – with mixed annual results across the window.
Public Storage operating income peaked at $2.32B in 2023; the latest annual figure is $2.25B in 2025 (2.8% below peak).
The record annual operating income stands at $2.32B, reached in 2023; the historical low of $2.80M was recorded in 1983.
Public Storage Operating Income by Year
Public Storage Operating Income 2025: $2.25B
Public Storage posted operating income of $2.25B in 2025, edged up 2.4% from 2024.
Public Storage Operating Income 2024: $2.20B
In 2024, Public Storage reported operating income of $2.20B, declined 5.1% below 2023.
Public Storage Operating Income 2023: $2.32B
Public Storage operating income in 2023 was $2.32B, grew 6.9% from 2022. This figure represents the highest annual value in the available history.
Public Storage Operating Income 2022: $2.17B
2022's operating income for Public Storage came in at $2.17B, grew 27.2% from 2021.
Public Storage Operating Income 2021: $1.71B
Public Storage operating income in 2021 was $1.71B.
See more financial history for Public Storage (PSA).
Sector peers by Operating Income
Real Estate peers of Public Storage (PSA), ranked by their latest operating income
| $4.88B | |
| $3.54B | |
| $3.18B | |
| $1.85B | |
| $1.63B | |
| $826.81M | |
| $658.49M | |
| $355.17M |
- $4.88B
- $3.54B
- $1.85B
- $1.63B
- $826.81M
- $658.49M
- $355.17M
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