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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Self-storage facilities | $1.10B 93.2% | $1.12B 93.1% | $1.13B 92.6% | $1.14B 92.5% |
| Ancillary operations | $80.2M 6.8% | $82.4M 6.9% | $89.6M 7.4% | $92.9M 7.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Self-storage facilities | $801.8M 72.7% | $833.9M 74.5% | $822.4M 72.9% | $832.1M 73.0% |
| Ancillary operations | $49.5M 61.7% | $49.1M 59.6% | $55.4M 61.8% | $56.6M 61.0% |
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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Self-storage facilities | $1.10B 93.2% | $1.12B 93.1% | $1.13B 92.6% | $1.14B 92.5% |
| Ancillary operations | $80.2M 6.8% | $82.4M 6.9% | $89.6M 7.4% | $92.9M 7.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Total self-storage facilities at period end | 3,103 | 3,152 | 3,176 | 3,196 +3.0% |
| Same Store Facilities count | 2,565 | 2,565 | 2,755 | 2,755 +7.4% |
| Acquired Facilities count | 211 | 260 | 286 | 306 +45.0% |
| Developed and Expanded Facilities count | 102 | 103 | 120 | 120 +17.6% |
| Same Store weighted average square foot occupancy, quarter | 92.6% | 92.2% | 91.5% | 92.5% -0.1% |
| Other Non-Same Store Facilities count | 225 | 224 | 15 | 15 -93.3% |
| Additional facilities in development at period end | 27 | 29 | 27 | – |
| Expansion projects currently in process | 7 | 6 | 10 | – |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
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: September 23, 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.