What is the current annual net margin of PSA?

As of today, PSA annual net margin is 44.39%

What is 1-year change in PSA annual net margin?

PSA annual net margin is down -7.15% year-over-year

What is 3-year change in PSA annual net margin?

PSA annual net margin is down -19.82% over the past 3 years

How far is PSA annual net margin from its all-time high?

PSA annual net margin is currently -42.12% below its historical high of 76.69% set on December 31, 1987

How does PSA annual net margin rank versus sector peers?

PSA annual net margin is higher than 94.62% of companies in Real Estate sector

When is PSA next annual earnings release?

The next annual earnings release for PSA is on February 24, 2026

What is the current quarterly net margin of PSA?

As of today, PSA quarterly net margin is 42.06%

What is PSA quarterly net margin most recent change?

PSA quarterly net margin was up +39.78% on September 30, 2025

What is 1-year change in PSA quarterly net margin?

PSA quarterly net margin is up +15.33% year-over-year

How far is PSA quarterly net margin from its all-time high?

PSA quarterly net margin is currently -49.57% below its historical high of 83.41% set on December 31, 2018

How does PSA quarterly net margin rank versus sector peers?

PSA quarterly net margin is higher than 89.02% of companies in Real Estate sector

When is PSA next earnings release?

The next earnings release for PSA is on February 24, 2026

Public Storage (PSA) Net Margin History & Chart Since 1980

Annual Net Margin

44.39%3.42%-7.15%

December 31, 2024

Summary

Current Value: As of today, PSA annual net margin is 44.39%, down -7.15% on December 31, 2024
Historical Performance: PSA annual net margin is down -19.82% over the past 3 years, and down -14.70% over the past 5 years
All-Time High Comparison: PSA annual net margin is currently -42.12% below its historical high of 76.69% set on December 31, 1987
3-Year Low Comparison: PSA annual net margin is at its 3-year low
Sector Comparison: PSA annual net margin is higher than 94.62% of companies in Real Estate sector

Net Margin Chart

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Performance

PSA Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 24	44.39%	-7.2%	-19.8%	-14.7%	-7.0%
Quarterly Net Margin	Sep 30, 25	42.06%	+15.3%	–	-2.3%	-26.7%
Price	Jan 14, 26	$279.89	-3.5%	-3.8%	+26.5%	+169.8%
PE Ratio	Jan 14, 26	29.08	+6.7%	+134.9%	-17.3%	-34.1%
Annual Revenue	Dec 31, 24	$4.70B	+3.9%	+37.5%	+64.9%	+188.5%
Annual Net Income	Dec 31, 24	$2.08B	-3.5%	+10.2%	+40.7%	+168.3%
Annual Gross Margin	Dec 31, 24	49.10%	-7.1%	-3.4%	-6.4%	+4.5%
Annual Operating Margin	Dec 31, 24	46.89%	-7.8%	-1.4%	-6.4%	+4.7%

Net Margin Highs

PSA Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	47.81%	Dec 31, 23	-7.2%
5Y	55.36%	Dec 31, 21	-19.8%
All	76.69%	Dec 31, 87	-42.1%

Net Margin Lows

PSA Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	44.39%	Dec 31, 24	at low
5Y	44.39%	Dec 31, 24	at low
All	22.60%	Dec 31, 06	+96.4%

Net Margin History

Year	Value	Change
2024	44.39%	-7.2%
2023	47.81%	-13.6%
2021	55.36%	+24.0%
2020	44.64%	-14.2%
2019	52.04%	-14.3%
2018	60.75%	+16.0%
2017	52.39%	-4.8%
2016	55.04%	-0.5%
2015	55.33%	+4.8%
2014	52.82%	-0.7%
2013	53.19%	+12.2%
2012	47.40%	-0.2%
2011	47.51%	+19.2%
2010	39.86%	-16.5%
2009	47.73%	-12.7%
2008	54.65%	+113.1%
2007	25.64%	+13.5%
2006	22.60%	-49.5%
2005	44.78%	+3.0%
2004	43.47%	+0.8%
2003	43.14%	-3.7%
2002	44.78%	-3.7%

Year	Value	Change
2001	46.50%	-0.0%
2000	46.51%	-1.4%
1999	47.15%	+5.9%
1998	44.52%	+6.0%
1997	41.99%	-17.8%
1996	51.07%	+37.6%
1995	37.11%	+5.9%
1994	35.05%	+13.8%
1993	30.80%	+7.6%
1992	28.62%	-21.7%
1991	36.55%	-37.6%
1990	58.60%	-21.2%
1989	74.33%	-1.5%
1988	75.44%	-1.6%
1987	76.69%	+41.3%
1985	54.28%	+12.0%
1984	48.46%	+36.5%
1983	35.49%	-0.9%
1982	35.81%	-13.4%
1981	41.35%	+24.4%
1980	33.23%	-

FAQ

What is the current annual net margin of PSA?
As of today, PSA annual net margin is 44.39%
What is 1-year change in PSA annual net margin?
PSA annual net margin is down -7.15% year-over-year
What is 3-year change in PSA annual net margin?
PSA annual net margin is down -19.82% over the past 3 years
How far is PSA annual net margin from its all-time high?
PSA annual net margin is currently -42.12% below its historical high of 76.69% set on December 31, 1987
How does PSA annual net margin rank versus sector peers?
PSA annual net margin is higher than 94.62% of companies in Real Estate sector
When is PSA next annual earnings release?
The next annual earnings release for PSA is on February 24, 2026

Quarterly Net Margin

42.06%11.97%+39.78%

September 30, 2025

Summary

Current Value: As of today, PSA quarterly net margin is 42.06%, up +39.78% on September 30, 2025
Historical Performance: PSA quarterly net margin is up +15.33% year-over-year, with unknown 3-year change
All-Time High Comparison: PSA quarterly net margin is currently -49.57% below its historical high of 83.41% set on December 31, 2018
3-Year Low Comparison: PSA quarterly net margin is +39.78% above its 3-year low of 30.09% reached on June 30, 2025
Sector Comparison: PSA quarterly net margin is higher than 89.02% of companies in Real Estate sector

Performance

PSA Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Sep 30, 25	42.06%	+39.8%	+15.3%	–	-2.3%
Annual Net Margin	Dec 31, 24	44.39%	–	-7.2%	-19.8%	-14.7%
Price	Jan 14, 26	$279.89	-7.4%	-3.5%	-3.8%	+26.5%
PE Ratio	Jan 14, 26	29.08	-7.4%	+6.7%	+134.9%	-17.3%
Quarterly Revenue	Sep 30, 25	$1.22B	+1.9%	+3.0%	+11.9%	+67.5%
Quarterly Net Income	Sep 30, 25	$514.77M	+42.4%	+18.9%	-81.5%	+63.7%
Quarterly Gross Margin	Sep 30, 25	49.28%	-1.5%	-0.2%	-10.2%	-0.9%
Quarterly Operating Margin	Sep 30, 25	47.17%	-0.7%	-0.4%	-10.0%	+0.2%

Quarterly Net Margin Highs

PSA Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	52.52%	N/A	-19.9%
3Y	53.91%	Sep 30, 23	-22.0%
5Y	65.51%	Dec 31, 21	-35.8%
All	83.41%	Dec 31, 18	-49.6%

Quarterly Net Margin Lows

PSA Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	30.09%	Jun 30, 25	+39.8%
3Y	30.09%	Jun 30, 25	+39.8%
5Y	30.09%	Jun 30, 25	+39.8%
All	-2.74%	Dec 31, 06	+1635.0%

Quarterly Net Margin History

Month	Value	Change
Sep 2025	42.06%	+39.8%
Jun 2025	30.09%	-13.3%
Mar 2025	34.72%	-33.9%
Dec 2024	52.52%	+44.0%
Sep 2024	36.47%	-17.9%
Jun 2024	44.43%	+0.5%
Mar 2024	44.22%	+16.1%
Dec 2023	38.10%	-29.3%
Sep 2023	53.91%	+3.9%
Jun 2023	51.90%	+9.1%
Mar 2023	47.56%	+24.8%
Dec 2022	38.12%	-40.1%
Jun 2022	63.65%	+20.0%
Mar 2022	53.04%	-19.0%
Dec 2021	65.51%	+24.2%
Sep 2021	52.73%	+10.5%
Jun 2021	47.72%	-12.4%
Mar 2021	54.47%	+32.5%
Dec 2020	41.10%	-4.5%
Sep 2020	43.04%	+0.4%
Jun 2020	42.86%	-12.8%
Mar 2020	49.17%	-6.4%
Dec 2019	52.54%	-1.1%
Sep 2019	53.13%	+5.0%
Jun 2019	50.61%	-2.4%
Mar 2019	51.83%	-37.9%
Dec 2018	83.41%	+60.2%
Sep 2018	52.05%	-9.5%
Jun 2018	57.50%	+15.4%
Mar 2018	49.83%	-11.9%
Dec 2017	56.56%	+13.8%
Sep 2017	49.68%	-4.0%
Jun 2017	51.76%	+0.3%
Mar 2017	51.60%	-17.0%
Dec 2016	62.17%	+15.7%
Sep 2016	53.73%	-1.0%
Jun 2016	54.25%	+9.2%
Mar 2016	49.68%	-17.1%
Dec 2015	59.94%	+8.7%
Sep 2015	55.12%	+3.2%
Jun 2015	53.41%	+13.3%
Mar 2015	47.13%	-24.0%
Dec 2014	62.03%	+19.2%
Sep 2014	52.02%	+0.9%
Jun 2014	51.57%	+17.7%
Mar 2014	43.81%	-24.3%
Dec 2013	57.85%	+4.0%
Sep 2013	55.61%	+3.5%
Jun 2013	53.73%	+19.6%
Mar 2013	44.92%	-19.4%
Dec 2012	55.70%	+4.5%
Sep 2012	53.30%	+23.0%
Jun 2012	43.33%	-7.0%
Mar 2012	46.59%	-5.2%
Dec 2011	49.17%	+15.5%
Sep 2011	42.56%	-12.1%
Jun 2011	48.42%	-3.4%
Mar 2011	50.14%	+11.1%
Dec 2010	45.14%	-21.4%
Sep 2010	57.40%	+85.2%
Jun 2010	31.00%	+25.9%
Mar 2010	24.63%	-45.9%
Dec 2009	45.49%	-20.9%
Sep 2009	57.50%	+12.5%
Jun 2009	51.11%	+39.8%
Mar 2009	36.56%	-1.8%
Dec 2008	37.23%	+13.3%
Sep 2008	32.85%	+0.5%
Jun 2008	32.70%	-9.2%
Dec 2007	36.02%	+7.5%
Sep 2007	33.50%	+89.8%
Jun 2007	17.65%	+27.3%
Mar 2007	13.86%	+605.8%
Dec 2006	-2.74%	-115.5%
Sep 2006	17.72%	-61.6%
Jun 2006	46.16%	+6.5%
Mar 2006	43.33%	+4.2%
Dec 2005	41.57%	-15.5%
Sep 2005	49.19%	+7.6%
Jun 2005	45.71%	+8.3%
Mar 2005	42.22%	-10.5%
Dec 2004	47.15%	+4.7%

Month	Value	Change
Sep 2004	45.04%	+1.4%
Jun 2004	44.44%	-25.0%
Mar 2004	59.23%	+43.0%
Dec 2003	41.41%	-7.2%
Sep 2003	44.64%	+0.5%
Jun 2003	44.40%	+6.2%
Mar 2003	41.80%	+21.4%
Dec 2002	34.42%	-24.4%
Sep 2002	45.51%	+5.9%
Jun 2002	42.97%	-9.7%
Mar 2002	47.56%	+17.7%
Dec 2001	40.41%	-13.0%
Sep 2001	46.43%	-1.8%
Jun 2001	47.29%	+2.4%
Mar 2001	46.17%	+5.1%
Dec 2000	43.94%	-6.2%
Sep 2000	46.85%	-1.1%
Jun 2000	47.36%	+3.6%
Mar 2000	45.72%	-2.6%
Dec 1999	46.95%	-0.3%
Sep 1999	47.11%	-1.4%
Jun 1999	47.79%	+2.7%
Mar 1999	46.52%	+8.9%
Dec 1998	42.70%	-1.7%
Sep 1998	43.46%	-5.4%
Jun 1998	45.93%	+17.5%
Mar 1998	39.10%	+13.8%
Dec 1997	34.37%	-6.6%
Sep 1997	36.79%	-9.1%
Jun 1997	40.49%	-3.0%
Mar 1997	41.76%	-8.5%
Dec 1996	45.66%	-1.2%
Sep 1996	46.22%	+1.9%
Jun 1996	45.37%	+5.3%
Mar 1996	43.07%	+31.2%
Dec 1995	32.82%	-4.2%
Sep 1995	34.27%	-1.1%
Jun 1995	34.66%	+13.4%
Mar 1995	30.56%	+2.8%
Dec 1994	29.73%	+2.3%
Sep 1994	29.07%	+1.5%
Jun 1994	28.65%	+8.4%
Mar 1994	26.44%	-0.4%
Dec 1993	26.54%	+1.8%
Sep 1993	26.07%	-17.3%
Jun 1993	31.51%	+18.5%
Mar 1993	26.60%	+42.9%
Dec 1992	18.61%	-26.8%
Sep 1992	25.43%	+11.9%
Jun 1992	22.73%	-6.0%
Mar 1992	24.19%	+47.5%
Dec 1991	16.40%	-44.1%
Sep 1991	29.36%	+4.3%
Jun 1991	28.16%	-0.4%
Mar 1991	28.28%	-16.1%
Dec 1990	33.72%	-5.4%
Sep 1990	35.63%	+14.0%
Jun 1990	31.25%	-33.2%
Mar 1990	46.75%	+10.4%
Dec 1989	42.35%	+14.0%
Sep 1989	37.14%	+8.3%
Jun 1989	34.29%	-1.2%
Mar 1989	34.72%	-10.2%
Dec 1988	38.67%	0.0%
Sep 1988	38.67%	-1.3%
Jun 1988	39.19%	0.0%
Mar 1988	39.19%	+11.3%
Dec 1987	35.21%	-3.9%
Sep 1987	36.62%	-3.7%
Jun 1987	38.03%	-3.6%
Mar 1987	39.44%	+412.9%
Dec 1986	7.69%	-84.6%
Sep 1986	50.00%	-1.8%
Jun 1986	50.91%	-16.7%
Mar 1986	61.11%	+63.0%
Dec 1985	37.50%	-15.2%
Sep 1985	44.23%	+53.1%
Jun 1985	28.89%	+28.4%
Mar 1985	22.50%	-34.4%
Dec 1984	34.29%	-12.9%
Sep 1984	39.39%	+18.2%
Mar 1984	33.33%	-

FAQ

What is the current quarterly net margin of PSA?
As of today, PSA quarterly net margin is 42.06%
What is PSA quarterly net margin most recent change?
PSA quarterly net margin was up +39.78% on September 30, 2025
What is 1-year change in PSA quarterly net margin?
PSA quarterly net margin is up +15.33% year-over-year
How far is PSA quarterly net margin from its all-time high?
PSA quarterly net margin is currently -49.57% below its historical high of 83.41% set on December 31, 2018
How does PSA quarterly net margin rank versus sector peers?
PSA quarterly net margin is higher than 89.02% of companies in Real Estate sector
When is PSA next earnings release?
The next earnings release for PSA is on February 24, 2026

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Data Sources & References

PSA Official Website www.publicstorage.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/1393311/000162828025047163/0001628280-25-047163-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1393311/000139331125000036/0001393311-25-000036-index.htm
PSA Profile on Yahoo Finance finance.yahoo.com/quote/PSA
PSA Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/psa