Public Storage annual return on equity
2008
2009
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2021
2022
2023
2024
2025
Public Storage Return on Equity (ROE) Growth & History (PSA)
Public Storage's return on equity was 18.82% for fiscal 2025.
View full Public Storage company overviewPublic Storage annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 18.82% | −2.19 pp |
| 2024 | 2024-12-31 | 21.01% | −0.38 pp |
| 2023 | 2023-12-31 | 21.39% | −23.43 pp |
| 2022 | 2022-12-31 | 44.82% | +22.99 pp |
| 2021 | 2021-12-31 | 21.83% | +6.43 pp |
| 2020 | 2020-12-31 | 15.40% | −1.32 pp |
| 2019 | 2019-12-31 | 16.73% | −2.22 pp |
| 2018 | 2018-12-31 | 18.95% | +3.23 pp |
| 2017 | 2017-12-31 | 15.72% | +0.07 pp |
| 2016 | 2016-12-31 | 15.64% | +1.58 pp |
| 2015 | 2015-12-31 | 14.06% | +1.54 pp |
| 2014 | 2014-12-31 | 12.52% | +0.06 pp |
| 2013 | 2013-12-31 | 12.47% | +1.00 pp |
| 2012 | 2012-12-31 | 11.47% | +1.75 pp |
| 2011 | 2011-12-31 | 9.71% | +2.08 pp |
| 2010 | 2010-12-31 | 7.63% | −1.83 pp |
| 2009 | 2009-12-31 | 9.46% | −0.94 pp |
| 2008 | 2008-12-31 | 10.41% | — |
Public Storage quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.43% | +1.64 pp |
| Q1 2026 | 2026-03-31 | 5.70% | +1.47 pp |
| Q4 2025 | 2025-12-31 | 5.46% | −0.90 pp |
| Q3 2025 | 2025-09-30 | 5.47% | +1.02 pp |
| Q2 2025 | 2025-06-30 | 3.79% | −1.49 pp |
| Q1 2025 | 2025-03-31 | 4.23% | −0.87 pp |
| Q4 2024 | 2024-12-31 | 6.36% | +1.99 pp |
| Q3 2024 | 2024-09-30 | 4.46% | −1.62 pp |
| Q2 2024 | 2024-06-30 | 5.27% | −0.48 pp |
| Q1 2024 | 2024-03-31 | 5.10% | −0.05 pp |
| Q4 2023 | 2023-12-31 | 4.37% | +0.26 pp |
| Q3 2023 | 2023-09-30 | 6.08% | −21.63 pp |
| Q2 2023 | 2023-06-30 | 5.75% | −0.91 pp |
| Q1 2023 | 2023-03-31 | 5.15% | −0.25 pp |
| Q4 2022 | 2022-12-31 | 4.10% | −2.65 pp |
| Q3 2022 | 2022-09-30 | 27.72% | +22.20 pp |
| Q2 2022 | 2022-06-30 | 6.65% | +1.92 pp |
| Q1 2022 | 2022-03-31 | 5.40% | +0.35 pp |
| Q4 2021 | 2021-12-31 | 6.75% | +2.62 pp |
| Q3 2021 | 2021-09-30 | 5.52% | +1.79 pp |
| Q2 2021 | 2021-06-30 | 4.73% | +1.24 pp |
| Q1 2021 | 2021-03-31 | 5.05% | +1.00 pp |
| Q4 2020 | 2020-12-31 | 4.13% | −0.21 pp |
| Q3 2020 | 2020-09-30 | 3.73% | −0.81 pp |
| Q2 2020 | 2020-06-30 | 3.50% | −0.65 pp |
| Q1 2020 | 2020-03-31 | 4.05% | +0.02 pp |
| Q4 2019 | 2019-12-31 | 4.34% | −2.19 pp |
| Q3 2019 | 2019-09-30 | 4.54% | +0.29 pp |
| Q2 2019 | 2019-06-30 | 4.15% | −0.39 pp |
| Q1 2019 | 2019-03-31 | 4.03% | +0.18 pp |
| Q4 2018 | 2018-12-31 | 6.53% | +2.15 pp |
| Q3 2018 | 2018-09-30 | 4.25% | +0.30 pp |
| Q2 2018 | 2018-06-30 | 4.54% | +0.72 pp |
| Q1 2018 | 2018-03-31 | 3.85% | +0.20 pp |
| Q4 2017 | 2017-12-31 | 4.37% | −0.13 pp |
| Q3 2017 | 2017-09-30 | 3.95% | −0.18 pp |
| Q2 2017 | 2017-06-30 | 3.82% | −0.19 pp |
| Q1 2017 | 2017-03-31 | 3.65% | +0.18 pp |
| Q4 2016 | 2016-12-31 | 4.50% | +0.51 pp |
| Q3 2016 | 2016-09-30 | 4.13% | +0.44 pp |
| Q2 2016 | 2016-06-30 | 4.01% | +0.49 pp |
| Q1 2016 | 2016-03-31 | 3.47% | +0.46 pp |
| Q4 2015 | 2015-12-31 | 3.99% | +0.27 pp |
| Q3 2015 | 2015-09-30 | 3.68% | +0.52 pp |
| Q2 2015 | 2015-06-30 | 3.52% | +0.49 pp |
| Q1 2015 | 2015-03-31 | 3.00% | +0.45 pp |
| Q4 2014 | 2014-12-31 | 3.72% | +0.33 pp |
| Q3 2014 | 2014-09-30 | 3.16% | −0.08 pp |
| Q2 2014 | 2014-06-30 | 3.03% | +0.05 pp |
| Q1 2014 | 2014-03-31 | 2.56% | +0.05 pp |
| Q4 2013 | 2013-12-31 | 3.39% | +0.07 pp |
| Q3 2013 | 2013-09-30 | 3.25% | +0.03 pp |
| Q2 2013 | 2013-06-30 | 2.98% | +0.58 pp |
| Q1 2013 | 2013-03-31 | 2.51% | +0.03 pp |
| Q4 2012 | 2012-12-31 | 3.33% | +0.68 pp |
| Q3 2012 | 2012-09-30 | 3.21% | +0.95 pp |
| Q2 2012 | 2012-06-30 | 2.41% | +0.02 pp |
| Q1 2012 | 2012-03-31 | 2.48% | +0.11 pp |
| Q4 2011 | 2011-12-31 | 2.64% | +0.46 pp |
| Q3 2011 | 2011-09-30 | 2.26% | −0.52 pp |
| Q2 2011 | 2011-06-30 | 2.39% | +0.94 pp |
| Q1 2011 | 2011-03-31 | 2.37% | +0.96 pp |
| Q4 2010 | 2010-12-31 | 2.18% | +0.15 pp |
| Q3 2010 | 2010-09-30 | 2.77% | +0.09 pp |
| Q2 2010 | 2010-06-30 | 1.45% | −0.83 pp |
| Q1 2010 | 2010-03-31 | 1.41% | — |
| Q4 2009 | 2009-12-31 | 2.03% | — |
| Q3 2009 | 2009-09-30 | 2.68% | — |
| Q2 2009 | 2009-06-30 | 2.27% | — |
Public Storage return on equity trends
Over the last five fiscal years, Public Storage's return on equity increased from 15.40% to 18.82%, a change of +3.42 percentage points. The latest reported quarter, Q2 2026, shows 5.43%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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