Public Storage（PSA）の財務PSAPublic Storage

Public Storage (PSA) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Self Storage Operations, accounting for 92.5% of total sales, equivalent to $1.14B. Another important revenue stream is Ancillary operations. Understanding this composition is critical for investors evaluating how PSA navigates market cycles within the Specialized REITs industry.

Evaluating the bottom line, Public Storage maintains a gross margin of 48.75%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 46.15%, while the net margin is 40.79%. These profitability ratios, combined with a Return on Equity (ROE) of 37.42%, provide a clear picture of how effectively PSA converts its operational activities into shareholder value.

In the context of the broader market, PSA competes directly with industry leaders such as O and VTR. With a market capitalization of $60.87B, it holds a leading position in the sector. When comparing efficiency, PSA's gross margin of 48.75% stands against O's 92.27% and VTR's 18.00%. Such benchmarking helps identify whether Public Storage is trading at a premium or discount relative to its financial performance.

Public Storage has shown consistent revenue growth, with Q2 2026 revenue at $1.23 billion and a net income of $450 million. The gross margin stands at 48.75%, indicating efficient cost management.