Public Storage (PSA) Revenue — Quarter Ended Mar 31, 2025
Revenue increased compared with both the prior quarter and the same quarter last year. The sequential gain was modest, while the year-over-year growth was more pronounced.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue increased compared with both the prior quarter and the same quarter last year. The sequential gain was modest, while the year-over-year growth was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+0.5%
Change from the immediately preceding quarter.
Year-over-year
+2.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $1.2B | +4.8% |
| Sep 30, 2024 | $1.2B | +3.8% |
| Dec 31, 2024 | $1.2B | +1.5% |
| Mar 31, 2025 | $1.2B | +2.2% |
Revenue performance
The latest quarter's revenue continued the positive trajectory seen in recent periods, though the pace of sequential expansion has moderated relative to earlier quarters.
Quarterly comparison
When compared with the immediately preceding quarter, revenue edged higher. On a year-over-year basis, the increase was more substantial.
What to watch
Monitor whether revenue growth can sustain or accelerate in upcoming quarters given the recent slowdown in sequential gains.