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Public StorageStock · Real EstateS&P 500 0.1%
$322.58+$7.57 (+2.40%)as of market close, Jul 24, 2026
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How Public Storage makes money

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How does Public Storage make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Public Storage · FY2025 · year ended 2025-12-31
Revenue$4.8BGross profit$4.8B · 100%Cost of revenue$0 · 0%Operating income$4.7B · 98%Operating expenses$107M · 2%SG&A$107M · 2%Pre-tax income$1.8B · 37%Other expense$2.9B · 61%Net income$1.8B · 37%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.