• Public Storage average ebitda margin for 2023 was 72.6%, a 1.03% decline from 2022.
• Public Storage average ebitda margin for 2022 was 71.86%, a 3.77% increase from 2021.
• Public Storage average ebitda margin for 2021 was 69.25%, a 1.75% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.