Public Storage
PSA · XNYSCIK 1393311fmd_0SY69FBHHV3H6GMGAEW7CP9SCJFinance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate
Coverage: Jan 01, 2007 to Sep 30, 2026, 76 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 2,561 | 2,669 | 2,760 | 2,855 | 2,915 | 3,416 | 4,182 | 4,518 | 4,696 | 4,824 |
| Property operating expenses | 618 | 658 | 710 | 762 | 808 | 852 | – | – | – | – |
| Cost of revenue | 669 | 708 | 740 | – | – | – | – | – | – | – |
| Gross profit | 1,891 | 1,961 | 2,015 | – | – | – | – | – | – | – |
| Depreciation and amortization | 433 | 455 | 484 | 513 | 553 | 713 | 888 | 970 | 1,130 | 1,152 |
| Gain on sale of real estate | 1 | 1 | 38 | 0 | 1 | 14 | 2 | 17 | 2 | 1 |
| Impairment of real estate | 0 | 0 | – | – | – | – | – | 0 | 0 | 4 |
| Funds from operations (NAREIT definition, derived) | 1,886 | 1,895 | 2,157 | 2,033 | 1,909 | 2,653 | 5,236 | 3,101 | 3,200 | 2,939 |
| Operating income | 1,374 | 1,423 | – | – | – | – | – | – | – | – |
| Interest expense | 4 | 13 | 33 | 46 | 56 | 91 | 136 | 201 | 287 | 304 |
| Interest and investment income | – | – | – | 27 | 22 | 12 | 41 | 86 | 67 | 63 |
| Income before taxes | – | – | – | – | – | 1,972 | 4,381 | 2,171 | 2,089 | 1,790 |
| Income tax expense | 0 | 0 | – | – | – | 12 | 14 | 11 | 5 | (7) |
| Net income from continuing operations | – | – | – | – | – | 1,960 | 4,366 | 2,160 | 2,084 | 1,797 |
| Net income | 1,454 | 1,442 | 1,711 | 1,521 | 1,357 | 1,953 | 4,349 | 2,148 | 2,072 | 1,784 |
| Net income to common shareholders | 1,184 | 1,172 | 1,489 | 1,273 | 1,098 | 1,732 | 4,142 | 1,949 | 1,873 | 1,586 |