PSA Q2 2025 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q2 2025 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.2B+2.4% YoY

Gross Profit

$883M73.5% margin

Operating Income

$575M47.9% margin

Net Income

$358M29.8% margin

EPS (Diluted)

$1.76

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$873M

Free Cash Flow

$817M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$20.5B

Total Liabilities

$11.1B

Stockholders' Equity

$9.4B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.2B	+2.4%
Gross Profit	$883M	$872M	+1.3%
Operating Income	$575M	$562M	+2.3%
Net Income	$358M	$518M	-30.8%

Revenue Segments

Self Storage Operations

$1.1B93%

Ancillary Operations

$82M7%