What changed in Public Storage's latest annual report
In the year ended 31 Dec 2025, Public Storage's revenue rose 2.7% to USD 4.82bn, from USD 4.70bn; net income fell 13.9% to USD 1.78bn, from USD 2.07bn; cash and cash equivalents fell 28.9% to USD 318.10m, from USD 447.42m.
Year ended 31 Dec 2025. Source: 10-K filed 12 Feb 2026, read it on SEC EDGAR.
USD 4.70bn to USD 4.82bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 4.70bn | 4.82bn | Up 2.7% |
| Net income | 2.07bn | 1.78bn | Down 13.9% |
| Total assets | 19.75bn | 20.21bn | Up 2.3% |
| Total liabilities | 9.94bn | 10.87bn | Up 9.3% |
| Long-term debt | 9.35bn | 10.25bn | Up 9.6% |
| Cash and cash equivalents | 447.42m | 318.10m | Down 28.9% |
| Shareholders' equity | 9.71bn | 9.25bn | Down 4.8% |
Questions people ask
Did Public Storage's revenue grow last year?
Revenue grew 2.7%, from USD 4.70bn to USD 4.82bn in the year ended 31 Dec 2025.
Is Public Storage profitable?
Yes. Net income was USD 1.78bn in the year ended 31 Dec 2025. The year before: USD 2.07bn.
How much cash and debt does Public Storage have?
At its latest year end (31 Dec 2025), Public Storage reported cash and cash equivalents of USD 318.10m and long-term debt of USD 10.25bn.
Where do these numbers come from?
From Public Storage's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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