Public Storage
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Public Storage (PSA). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Self-storage facilities | $2.72B 93.4% | $3.20B 93.8% · +17.7% | $3.95B 94.4% · +23.2% | $4.26B 94.3% · +7.9% | $4.40B 93.6% · +3.2% | $4.49B 93.1% · +2.1% |
| Ancillary operations | $193.4M 6.6% | $212.3M 6.2% · +9.7% | $236.1M 5.6% · +11.2% | $258.1M 5.7% · +9.3% | $299.6M 6.4% · +16.1% | $334.7M 6.9% · +11.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Self-storage facilities | $1.91B 70.3% | $2.35B 73.4% | $2.97B 75.2% | $3.20B 75.1% | $3.26B 74.1% | $3.31B 73.8% |
| Ancillary operations | $133.5M 69.0% | $143.7M 67.7% | $163.4M 69.2% | $172.1M 66.7% | $178.3M 59.5% | $201.8M 60.3% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Self-storage facilities | $2.72B 93.4% | $3.20B 93.8% · +17.7% | $3.95B 94.4% · +23.2% | $4.26B 94.3% · +7.9% | $4.40B 93.6% · +3.2% | $4.49B 93.1% · +2.1% |
| Ancillary operations | $193.4M 6.6% | $212.3M 6.2% · +9.7% | $236.1M 5.6% · +11.2% | $258.1M 5.7% · +9.3% | $299.6M 6.4% · +16.1% | $334.7M 6.9% · +11.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.