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Public Storage income statement

In fiscal 2025, Public Storage reported revenue of $4.82bn, up 2.7% on the year before and net income of $1.78bn, or $9.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue1,6231,6141,7361,8431,9652,1772,3822,5612,6692,7602,8552,9153,4164,1824,5184,6964,8245,033
Cost of revenue————560613636669708740————————
Gross profit————1,4051,5641,7461,8911,9612,015————————
General and administrative3638525767718884831056283767281107107140
Operating income—6937638729511,0551,2321,3741,423—————————
Interest expense3030242067141333465691136201287304349
Income before tax697693774—————————1,9724,3812,1712,0891,7901,895
Income tax————00000———1214115−7−25
Net income8356728249391,0521,1441,3111,4541,4421,7111,5211,3571,9534,3492,1482,0721,7841,900
Diluted EPS$3.47$2.35$3.29$3.90$4.89$5.25$6.07$6.81$6.73$8.54$7.29$6.29$9.87$23.50$11.06$10.64$9.01$10.65
Diluted shares (average)169m170m171m172m173m173m174m174m174m174m175m175m176m176m176m176m176m178m
EBITDA—1,0461,1211,2301,3391,4931,6581,8081,878—————————

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Public Storage's SEC filings (10-K and 10-Q), retrieved October 27, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Public Storage.