Public Storage has grown revenue 4.9% a year over three years and 11% a year over five, with earnings per share compounding at −27%. Revenue growth, 3-year annual rate: +4.9% (REIT - Industrial median +5.0%). Revenue growth, 5-year rate: +11%, growth has slowed since the five-year average. Earnings per share, 3-year rate: −27%, earnings lagged revenue: the growth is costing something. Years of annual history on file: 19, FY2007 to FY2025, as filed.

PSAPublic Storage

Real Estate

$289.88+5.3% 1Y

$289.88

$253.4852 weeks$330.55

Is it growing?

Mixed

Neither accelerating nor breaking down: earnings up +14% year on year, but operating margin narrowing (−1.4 points).

1 good, 1 to watch, 1 neutral

Revenue trend+3% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +10% a year.

Earnings trend+14% in a year

Trailing-twelve-month earnings per share against a year earlier. Growing faster than revenue, so margins or the share count are helping.

Margin direction−1.4 points operating

Trailing-twelve-month operating margin, 39.0% now against 40.5% a year earlier.

All from SEC EDGAR, as of Jun 30, 2026.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is PSA growing?

Public Storage has grown revenue 4.9% a year over three years and 11% a year over five, with earnings per share compounding at −27%.

+4.9%

Revenue growth, 3-year annual rate · REIT - Industrial median +5.0% · growing slowly · compounded from fiscal-year columns as filed

Revenue growth, 5-year rate: +11%
Revenue growth, 5-year rate · +4.9% over three · growth has slowed since the five-year average
Earnings per share, 3-year rate: −27%
Earnings per share, 3-year rate · revenue +4.9% · earnings lagged revenue: the growth is costing something
Years of annual history on file: 19
Years of annual history on file · FY2007 to FY2025, as filed