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Public Storage (PSA)

NYSE: PSA · Real Estate Investment Trusts · Glendale, CA · filing with the SEC since 2007
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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 12, 2026Feb 24, 2025Feb 20, 2024Feb 21, 2023Feb 22, 2022Feb 24, 2021Feb 25, 2020Feb 27, 2019Mar 1, 2018Mar 1, 2017
Revenue4,824,1134,695,6164,517,6904,182,1633,415,8242,915,0682,855,108r2,759,523r2,668,5282,560,549
Cost of revenue·······739,722707,978669,083
Gross profit·······2,014,5581,960,5501,891,466
General and administrative106,682106,67780,63271,672r75,966r83,19962,146r104,712r82,88283,656
Total costs and expenses2,892,5422,797,3512,426,2172,177,788r1,813,689r1,560,2011,433,857r1,377,983r1,258,076r1,190,263r
Operating income········1,423,1421,374,496
Interest expense304,495287,401201,132136,31990,77456,28345,64132,54212,6904,210
Interest and investment income·····22,32326,683r24,552r18,77115,138
Share of profit of equity-method investments9,60419,82127,897106,981232,09380,49769,547103,49575,65556,756
Income before income taxes1,789,8042,089,0792,170,9414,380,6001,972,004·····
Income tax expense-7,2284,66910,82114,32612,365···00
Net income including non-controlling interests1,797,0322,084,4102,160,1204,366,2741,959,6391,361,2271,525,6511,717,2231,448,4651,460,439
Net income to non-controlling interests12,68412,39911,79317,1276,3764,014····
Net income1,784,3482,072,0112,148,3274,349,1471,953,2631,357,2131,520,5341,711,0311,442,2171,453,576
Preferred dividends194,703194,703194,703194,390186,579207,068210,179216,316236,535238,214
Net income to common shareholders1,585,5851,872,6851,948,7414,142,2881,732,4441,098,3351,272,7671,488,9001,171,6091,183,879
Earnings per share, basic9.0410.6811.1123.649.916.297.308.566.756.84
Earnings per share, diluted9.0110.6411.0623.509.876.297.298.546.736.81
Weighted average shares, basic175,447175,351175,472175,257174,858174,494174,287173,969173,613173,091
Weighted average shares, diluted175,902176,038176,143176,280175,568174,642174,530174,297174,151173,878
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton PSA · research, not advice