• Public Storage average operating margin for 2024 was 47.56%, a 8.31% decline from 2023.
• Public Storage average operating margin for 2023 was 51.87%, a 3.29% decline from 2022.
• Public Storage average operating margin for 2022 was 50.22%, a 1.7% increase from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.