Public Storage (PSA) Operating Margin: 50.85%
Is Public Storage’s operating margin high or low?
Public Storage's operating margin of 50.85% is in line with its 5-year average of 49.19%, near the high end of its 5-year range (46.73%–51.87%).
As of Wednesday, June 17, 2026. 8.64% above its 12-month average of 46.80%.
PSA Operating Margin Chart
PSA Average Operating Margin Chart
PSA Current vs Average Operating Margin Chart
PSA Operating Margin Metrics
OPERATING MARGIN
50.85%
OPERATING MARGIN AVG TTM
46.80%
OPERATING MARGIN AVG 3Y
49.20%
OPERATING MARGIN AVG 5Y
49.19%
OPERATING MARGIN AVG 10Y
50.59%
OPERATING MARGIN AVG 15Y
49.22%
OPERATING MARGIN AVG 20Y
48.24%
CURRENT VS TTM AVG
+8.64%
CURRENT VS 3Y AVG
+3.35%
CURRENT VS 5Y AVG
+3.37%
CURRENT VS 10Y AVG
+0.51%
CURRENT VS 15Y AVG
+3.30%
CURRENT VS 20Y AVG
+5.41%
PSA Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Public Storage (PSA) | $55.81B | 50.85% | 46.80% | 49.20% | 49.19% |
| Realty Income Corporation (O)vs › | $57.97B | 29.27% | 36.16% | 38.42% | 41.26% |
| Digital Realty Trust, Inc. (DLR)vs › | $66.70B | 14.61% | 9.63% | 10.35% | 11.89% |
| Simon Property Group, Inc. (SPG)vs › | $69.25B | 48.28% | 50.88% | 50.05% | 48.36% |
| Ventas, Inc. (VTR)vs › | $40.78B | 13.38% | 14.00% | 12.24% | 12.59% |
| Crown Castle Inc. (CCI)vs › | $38.09B | 48.01% | 2.01% | 18.16% | 22.69% |
| VICI Properties Inc. (VICI)vs › | $30.16B | 98.67% | 91.57% | 84.63% | 84.79% |
| American Tower Corporation (AMT)vs › | $85.09B | 44.24% | 45.23% | 37.52% | 36.57% |
| AvalonBay Communities, Inc. (AVB)vs › | $25.77B | 29.15% | 30.75% | 30.95% | 30.23% |
| SBA Communications Corporation (SBAC)vs › | $20.76B | 47.63% | 51.13% | 42.86% | 39.29% |
Operating Efficiency
Gross Margin
60.6%
Operating Margin
50.9%
Public Storage Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Public Storage Operating Margin FAQ
- What is the operating margin for Public Storage (PSA)?
- The operating margin for PSA stock is 50.85%.
- Is Public Storage's operating margin high or low?
- Public Storage's operating margin of 50.85% is in line with its 5-year average of 49.19%, near the high end of its 5-year range (46.73%–51.87%).
- What is the TTM average operating margin for Public Storage (PSA)?
- The TTM average operating margin for PSA stock is 46.80%.
- What is the 3Y average operating margin for Public Storage (PSA)?
- The 3Y average operating margin for PSA stock is 49.20%.
- What is the 5Y average operating margin for Public Storage (PSA)?
- The 5Y average operating margin for PSA stock is 49.19%.
- What is the 10Y average operating margin for Public Storage (PSA)?
- The 10Y average operating margin for PSA stock is 50.59%.
- What is the 15Y average operating margin for Public Storage (PSA)?
- The 15Y average operating margin for PSA stock is 49.22%.
- What is the 20Y average operating margin for Public Storage (PSA)?
- The 20Y average operating margin for PSA stock is 48.24%.
Public Storage Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 46.73% |
| 2024-12-31 | 46.88% |
| 2023-12-31 | 51.33% |
| 2022-12-31 | 51.87% |
| 2021-12-31 | 49.94% |
| 2020-12-31 | 48.41% |
| 2019-12-31 | 51.38% |
| 2018-12-31 | 51.24% |
| 2017-12-31 | 53.33% |
| 2016-12-31 | 53.68% |
| 2015-12-31 | 51.73% |
| 2014-12-31 | 48.47% |
| 2013-12-31 | 48.40% |
| 2012-12-31 | 47.33% |
| 2011-12-31 | 43.94% |
| 2010-12-31 | 42.92% |
| 2009-12-31 | 44.79% |
| 2008-12-31 | 40.36% |
| 2007-12-31 | 22.65% |
| 2006-12-31 | 26.09% |
| 2005-12-31 | 43.81% |
| 2004-12-31 | 41.17% |
| 2003-12-31 | 39.31% |
| 2002-12-31 | 41.23% |
| 2001-12-31 | 46.38% |
| 2000-12-31 | 47.43% |
| 1999-12-31 | 43.51% |
| 1998-12-31 | 3.20% |
| 1997-12-31 | 79.15% |
| 1996-12-31 | 78.06% |
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