• Public Storage average pre-tax profit margin for 2023 was 77.86%, a 5% decline from 2022.
• Public Storage average pre-tax profit margin for 2022 was 81.96%, a 63.17% decline from 2021.
• Public Storage average pre-tax profit margin for 2021 was 50.23%, a 4% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.