In Q1 FY2026 (ended March 31, 2026), Public Storage reported revenue of $1.22 billion, up 2.9% year-over-year. Net income surged 29.1% to $526.3 million, while diluted EPS rose 32.8% to $2.71. Operating income increased 2.2% to $474.3 million. The company had $134.6 million in cash, $9.22 billion in equity, and $9.71 billion in long-term debt.
•Revenue grew 2.9% YoY to $1.22 billion.
•Net income jumped 29.1% to $526.3 million.
•Diluted EPS increased 32.8% to $2.71.
•Operating income rose 2.2% to $474.3 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Public Storage, a member of the S&P 500 is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2026, we: (i) owned and/or operated 3,546 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 333 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage was incorporated in 1972 in Maryland.
Public Storage is a real estate investment trust (REIT) that primarily acquires, develops, owns, and operates self-storage facilities. As of March 31, 2026, the company owned and/or operated 3,546 self-storage facilities across 40 states in the United States, totaling approximately 259 million net rentable square feet. Additionally, Public Storage holds a 35% common equity interest in Shurgard Self Storage Limited, which operates 333 self-storage facilities in seven Western European countries under the Shurgard brand, with about 19 million net rentable square feet. The company is a member of the S&P 500 and has been in operation since its incorporation in 1972 in Maryland.
On which stock exchange is Public Storage (PSA) listed and in what currency?
Public Storage is listed on the New York Stock Exchange (NYSE) under the ticker symbol PSA. The company trades in US dollars (USD), as it is based in the United States. Its shares are denominated in USD, and all financial reporting is conducted in that currency. The NYSE is a major global exchange, providing liquidity and visibility for the company's stock.
What sector and industry does Public Storage (PSA) belong to?
Public Storage operates in the Real Estate sector and is classified under the REIT - Industrial industry. As a real estate investment trust, it focuses on owning and operating income-producing real estate, specifically self-storage facilities. REITs are required to distribute a majority of their taxable income to shareholders as dividends, making them popular for income-focused investors. The industrial REIT category includes properties used for storage, distribution, and logistics, which aligns with Public Storage's self-storage business model.
Where are Public Storage's operations geographically focused?
Public Storage's primary operations are in the United States, where it owned and/or operated 3,546 self-storage facilities across 40 states as of March 31, 2026. The company also has a significant international presence through its 35% common equity interest in Shurgard Self Storage Limited, which operates 333 facilities in seven Western European countries under the Shurgard brand. This gives Public Storage exposure to both the US and European self-storage markets, with a total of approximately 278 million net rentable square feet across all facilities.
How does Public Storage (PSA) generate revenue?
Public Storage generates revenue primarily by renting self-storage units to individuals and businesses. As a REIT, it earns income from lease payments at its owned and operated facilities. The company's portfolio includes 3,546 self-storage facilities in the US and a 35% stake in Shurgard Self Storage Limited, which operates 333 facilities in Europe. Revenue is driven by occupancy rates and rental rates per square foot. The company also benefits from ancillary services such as tenant insurance and moving supplies. Its business model focuses on acquiring, developing, and managing self-storage properties to generate consistent cash flow, which is then distributed to shareholders as dividends.