10-Q quarterly report · filed Jul 29, 2026

Public Storage (PSA) Q2 2026 10-Q Quarterly Report

Short answer

Public Storage (PSA) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $1.2B (up 2.6% year over year) with net income of $500M.

Q2 2026 key financials · XBRL

Revenue
$1.2B
+2.6% YoY · +1.2% QoQ
Net income
$500M
+39.5% YoY · −5.0% QoQ
Operating margin
37.9%
EPS (diluted)
$2.55
+45.7% YoY · −5.9% QoQ

Source: XBRL data from the Public Storage (PSA) Q2 2026 10-Q on SEC EDGAR. USD.

Public Storage Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Self-storage revenue $1.14B, up 1.9% YoY from $1.12B
  • Same-store gross margin 74.2% vs 75.4% YoY
  • Best segment Acquired Facilities NOI $50.9M, up 34.8% YoY
  • Worst segment Other Non-Same Store NOI $2.1M, down 25.1% YoY
  • PS Canada acquisition expected Q3 2026; merger created portfolio exceeding 4,500 locations

Risk Factors

  • New merger-integration risk triggered by NSA transaction, including systems, controls, culture, and customer integration
  • Most material update: anticipated merger synergies may be delayed, reduced, or unavailable due to integration costs and management distraction
  • Regulatory risk: merger-related unknown liabilities, increased expenses, delays, or regulatory conditions
  • Operational risk: failure to retain key employees or preserve customer, vendor, and joint-venture relationships
  • Financial risk: merger benefits could cost more than expected, adversely affecting financial condition and growth prospects

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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