Public Storage (PSA) Gross Margin: 60.63%
Is Public Storage’s gross margin high or low?
Public Storage's gross margin of 60.63% is in line with its 5-year average of 65.14%, near the high end of its 5-year range (24.96%–74.82%).
The gross margin for Public Storage (PSA) is 60.63% as of Wednesday, June 10, 2026. It is above its 12-month average by 23.52% (49.08%).
PSA Gross Margin Chart
PSA Average Gross Margin Chart
PSA Current vs Average Gross Margin Chart
PSA Gross Margin Metrics
GROSS MARGIN
60.63%
GROSS MARGIN AVG TTM
49.08%
GROSS MARGIN AVG 3Y
61.90%
GROSS MARGIN AVG 5Y
65.14%
GROSS MARGIN AVG 10Y
68.69%
GROSS MARGIN AVG 15Y
68.98%
GROSS MARGIN AVG 20Y
68.16%
CURRENT VS TTM AVG
+23.52%
CURRENT VS 3Y AVG
-2.04%
CURRENT VS 5Y AVG
-6.93%
CURRENT VS 10Y AVG
-11.74%
CURRENT VS 15Y AVG
-12.11%
CURRENT VS 20Y AVG
-11.05%
PSA Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Public Storage (PSA) | — | 60.63% | 49.08% | 61.90% | 65.14% |
| Realty Income Corporation (O) | $57.93B | 68.62% | 91.32% | 92.03% | 92.56% |
| Digital Realty Trust, Inc. (DLR) | $63.53B | 25.12% | 55.02% | 54.90% | 56.77% |
| Simon Property Group, Inc. (SPG) | $69.02B | 85.24% | 84.11% | 82.78% | 82.15% |
| Crown Castle Inc. (CCI) | $40.76B | 65.71% | 68.97% | 70.00% | 69.14% |
| American Tower Corporation (AMT) | $89.65B | 73.37% | 74.13% | 74.01% | 73.28% |
| Equinix, Inc. (EQIX) | $102.40B | 51.26% | 50.13% | 49.24% | 48.90% |
| Agree Realty Corporation (ADC) | $9.07B | 87.64% | 87.80% | 87.76% | 87.69% |
| NNN REIT, Inc. (NNN) | $8.83B | 81.38% | 67.14% | 81.86% | 86.54% |
| Terreno Realty Corporation (TRNO) | $7.13B | 63.89% | 75.10% | 75.20% | 74.87% |
Gross Margin Analysis
Gross Margin
60.6%
(Revenue - COGS) / Revenue
Public Storage Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Public Storage Gross Margin FAQ
- What is the gross margin for Public Storage (PSA)?
- The gross margin for PSA stock is 60.63%.
- Is Public Storage's gross margin high or low?
- Public Storage's gross margin of 60.63% is in line with its 5-year average of 65.14%, near the high end of its 5-year range (24.96%–74.82%).
- What is the TTM average gross margin for Public Storage (PSA)?
- The TTM average gross margin for PSA stock is 49.08%.
- What is the 3Y average gross margin for Public Storage (PSA)?
- The 3Y average gross margin for PSA stock is 61.90%.
- What is the 5Y average gross margin for Public Storage (PSA)?
- The 5Y average gross margin for PSA stock is 65.14%.
- What is the 10Y average gross margin for Public Storage (PSA)?
- The 10Y average gross margin for PSA stock is 68.69%.
- What is the 15Y average gross margin for Public Storage (PSA)?
- The 15Y average gross margin for PSA stock is 68.98%.
- What is the 20Y average gross margin for Public Storage (PSA)?
- The 20Y average gross margin for PSA stock is 68.16%.
Public Storage Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 24.96% |
| 2024-12-31 | 73.21% |
| 2023-12-31 | 74.59% |
| 2022-12-31 | 74.82% |
| 2021-12-31 | 73.05% |
| 2020-12-31 | 70.24% |
| 2019-12-31 | 71.52% |
| 2018-12-31 | 72.56% |
| 2017-12-31 | 73.47% |
| 2016-12-31 | 73.87% |
| 2015-12-31 | 73.32% |
| 2014-12-31 | 71.83% |
| 2013-12-31 | 71.51% |
| 2012-12-31 | 69.83% |
| 2011-12-31 | 67.71% |
| 2010-12-31 | 67.26% |
| 2009-12-31 | 67.90% |
| 2008-12-31 | 67.78% |
| 2007-12-31 | 63.75% |
| 2006-12-31 | 63.91% |
| 2005-12-31 | 64.31% |
| 2004-12-31 | 62.22% |
| 2003-12-31 | 61.82% |
| 2002-12-31 | 63.61% |
| 2001-12-31 | 64.89% |
| 2000-12-31 | 66.31% |
| 1999-12-31 | 66.85% |
| 1998-12-31 | 63.14% |
| 1997-12-31 | 99.99% |
| 1996-12-31 | 99.87% |
Related Metrics
About Public Storage
Public Storage (PSA), an esteemed Real Estate Investment Trust (REIT) and a constituent of both the S&P 500 and FT Global 500 indices, concentrates its operations on the acquisition, development, ownership, and management of self-storage properties. By September 30, 2020, the company's substantial holdings included 2,504 self-storage facilities located across 38 U.S. states, collectively providing around 171 million net rentable square feet. Additionally, Public Storage held an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR), an entity that owned and operated 239 self-storage sites under the Shurgard brand in seven Western European countries, encompassing approximately 13 million net rentable square feet. Concurrently, it maintained an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), which, as of the same reporting date, managed roughly 28 million rentable square feet of commercial properties. The company's main office is situated in Glendale, California.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- CEO
- H. Thomas Boyle