Public Storage (PSA) Revenue — Quarter Ended Sep 30, 2025
Revenue increased for the quarter. Both sequential and year-over-year comparisons show growth.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue increased for the quarter. Both sequential and year-over-year comparisons show growth.
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
+1.9%
Change from the immediately preceding quarter.
Year-over-year
+3.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.8B
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 |
|---|---|---|
| Dec 31, 2024 | $1.2B | +1.5% |
| Mar 31, 2025 | $1.2B | +2.2% |
| Jun 30, 2025 | $1.2B | +2.4% |
| Sep 30, 2025 | $1.2B | +3.1% |
Revenue performance
Revenue rose compared to the immediately preceding quarter and the same quarter one year earlier.
Quarterly comparison
The year-over-year growth rate was higher than the sequential growth rate, and the pace of year-over-year growth has accelerated over the past four quarters.
What to watch
Management discussed an expected retained operating cash flow for the full year in the filing context.