P
PSA
PSAUnverified2 segments tracked|8 years of data|Annual (10-K)
Total Revenue
$4.8B2.7%
FY2025
Operating Segments
2Active segments
Blended Margin
72.8%Operating margin
Highest Margin
73.8%Self Storage Operations
Segment Shift
Self Storage Operations has grown from 94.1% to 93.1% of total revenue since FY2018, with 73.8% operating margins. Meanwhile, Ancillary Operations is the fastest growing at +11.7% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2025
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Self Storage Operations | $4.5B | $3.3B | 73.8% | 93.1% | +2.1% |
| Ancillary Operations | $335M | $202M | 60.3% | 6.9% | +11.7% |
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