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Realty Income vs Public Storage: O and PSA compared
Realty Income is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.4B for Public Storage (Q3 2026). Public Storage is growing faster (+12% against +10% a year earlier). Public Storage is more profitable, with an operating margin of 23.2% against 20.7%.
Where the money goes: O and PSA
Realty Income (O) · Q3 2026
Realty Income, Q3 2026: revenue $1.6B (+10% year over year), operating margin 20.7%, net earnings $404M, operating cash flow $926M. The chart follows the revenue to costs, profit and cash.
Public Storage (PSA) · Q3 2026
Public Storage, Q3 2026: revenue $1.4B (+12% year over year), operating margin 23.2%, net earnings $367M, operating cash flow $709M. The chart follows the revenue to costs, profit and cash.
| Realty Income (O) | Public Storage (PSA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.6B | $1.4B |
| Revenue growth, Y/Y | +10% | +12% |
| Operating margin | 20.7% | 23.2% |
| Net earnings | $404M | $367M |
| Net margin | 24.9% | 26.9% |
| Operating cash flow | $926M | $709M |
| Free cash flow | $887M | $633M |
| Market value | $56.1B | $62.4B |
| P/E | 40.9× | 35.4× |
| Analysts’ mean target | $63.63 | $334.06 |
Where the revenue comes from
Public Storage
- Self-storage facilities: $1.3B (92%)
- Ancillary operations: $112M (8%)
Questions
Which is bigger, Realty Income or Public Storage?
Realty Income is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.4B for Public Storage (Q3 2026).
Is Realty Income or Public Storage growing faster?
Public Storage is growing faster (+12% against +10% a year earlier).
Which is more profitable, Realty Income or Public Storage?
Public Storage is more profitable, with an operating margin of 23.2% against 20.7%.
More: Realty Income earnings · how Realty Income makes money · Public Storage earnings · how Public Storage makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 26, 2026). Fiscal quarters can end on different dates. Not investment advice.