Revenue segments as reported by the company.

Self-storage facilities

Ancillary operations

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Depreciation and amortization

General and administrative

Interest expense

Real estate acquisition and development expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Public Storage

Public Storage operates as a real estate investment trust, which engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, and Other Items. The Self-storage Operations segment reflects the rental operations from all self-storage facilities. The Ancillary Operations segment deals with the sale of merchandise and reinsurance of policies against losses to goods stored by self-storage tenants, activities which are incidental to the primary self-storage rental activities. The Other Items segment includes general, administrative, and investment costs. The company was founded by Bradley Wayne Hughes, Sr. and Kenneth Q. Volk, Jr. in 1972 and is headquartered in Glendale, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Public Storage posts record 2022 results, eyes sustainable growth

Public Storage delivered strong financial performance in Q4 2022, with record results and a focus on sustainable growth strategies.
The company faces challenges from seasonal occupancy patterns and potential rate adjustments but remains resilient in its financial management.
Opportunities for growth lie in operational improvements, energy efficiency investments, and the trend of increased storage adoption post-pandemic.
Overall, Public Storage's prudent financial management, strategic asset acquisitions, and customer retention efforts position it well for future success.

Public Storage excels in Q1 2023, poised for growth

Public Storage's Q1 performance reflects operational excellence and strategic focus on growth initiatives, positioning the company for continued success.
Despite challenges in labor optimization and market dynamics, the company's strong financial position and innovative programs provide a solid foundation for future growth.
With a clear emphasis on efficiency gains, expansion opportunities, and market expertise, Public Storage remains well-positioned to capitalize on evolving industry trends.

Public Storage reports strong Q2 performance and strategic growth outlook

Public Storage's Q2 2023 earnings call highlighted robust performance, strategic acquisitions, and market resilience amidst concerns of a potential slowdown. With a focus on digital transformation, customer retention, and growth opportunities, the company aims to navigate challenges and capitalize on market trends for sustained success.

Public Storage excels in Q3, faces challenges amidst market shifts

Public Storage's Q3 performance reflects operational strength and growth potential, supported by digital initiatives and strategic acquisitions.
Challenges include managing negative revenue growth, increasing expenses, and adapting to a changing market landscape.
The company's focus on customer experience, cost management, and revenue optimization positions it well for future opportunities and sustained growth.

Public Storage reports robust Q4 performance and eyes growth opportunities

Public Storage's Q4 2023 performance showcased strong financial results and operational achievements, with a positive outlook for 2024.
The company's strengths lie in market resilience, customer conversion rates, and strategic acquisitions, while facing challenges in short-term revenue trends.
Opportunities for growth include digital transformation, revenue enhancement through occupancy improvements, and continued momentum in acquisitions.
Overall, Public Storage remains confident in its industry positioning and aims for a rebound in financial metrics in the latter half of 2024.

Public Storage reports Q1 decline in core FFO, eyes growth opportunities

Public Storage's Q1 2024 performance showed a decline in core FFO but positive same-store revenue growth and improving occupancy rates. Despite challenges like cost pressures and localized market impacts, they remain optimistic about capturing new customer activity and maintaining strong financial health. Opportunities lie in reaccelerating revenue growth, acquisition volume guidance, and improving trends in select markets.

Public Storage reports Q2 challenges, eyes growth opportunities ahead

Public Storage faced challenges with move-in rents decline but showcased strengths in occupancy trends and non-same-store pool performance.
The company's revised core FFO guidance and capital allocation decisions were key discussion points.
Opportunities lie in the acquisition market activity, move-in rates improvement, and strategic growth initiatives.
Overall, Public Storage demonstrated positive momentum and a focus on long-term stability and growth.

Public Storage sees stabilization in Q3 performance, eyes growth opportunities

Public Storage's Q3 performance reflects stabilization in operating fundamentals and revenue growth acceleration, despite challenges in core FFO and occupancy.
The company's strengths lie in its digital customer experience, strategic promotional discounts, and positioning for improvement in 2025.
Challenges include declining core FFO, occupancy, and a slight decrease expected in development deliveries for 2025.
Opportunities for Public Storage include anticipated improvement in 2025, growth potential in acquisitions, and future development starts from land holdings.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Public Storage is one of the larger self-storage REITs out there, one with a solid long-term track record. I like the long-term promise of the business, yet fear that momentum has been too strong in recent years amidst an economic slowdown and reversal of pandemic-induced trends.

Public Storage: Still A Bit Rich To Provide Storage Of Wealth

GLENDALE, Calif.--( BUSINESS WIRE )--Public Storage (NYSE:PSA), the nation's leading owner, acquirer, developer, and operator of self-storage properties, announced today that Tom Boyle, the Company's Chief Financial Officer, has been appointed to also serve as its Chief Investment Officer, effective January 1, 2023. In addition to his role as Chief Financial Officer, Mr. Boyle's responsibilities as Chief Investment Officer will include development, redevelopment, acquisitions, asset management, and third-party management.

Tom Boyle, Public Storage Chief Financial Officer, to Also Serve as Chief Investment Officer

Gladstone Land

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Sell Alert: 2 REITs To Sell Before 2023

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Public Storage (PSA) enhances an existing 40-year-old self-storage facility from 51,000 square feet to 195,000 square feet in Cupertino, CA, and announces the reopening of the same.

Public Storage (PSA) Reopens Self-Storage Facility in Cupertino

GLENDALE, Calif.--( BUSINESS WIRE )--Public Storage (NYSE:PSA), the nation's leading owner, acquirer, developer, and operator of self-storage properties, announced today the reopening of a facility adjacent to Apple, Inc. offices in Cupertino, California.

Public Storage Opens State-of-the-Art Self-Storage Facility in Silicon Valley's Cupertino Market

Chevron

Kimberly-Clark

McDonald's

Altria

Procter & Gamble

V.F.

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Public Storage (PSA) reported earnings 30 days ago. What's next for the stock?

Why Is Public Storage (PSA) Up 5.3% Since Last Earnings Report?

CubeSmart

Extra Space Storage

I am a huge advocate of creating passive income, so you can make money even while you're sleeping. Owning a self-storage facility could be one strategy to generate passive income, but you still have to manage it.

Self-Storage REITs Are Poised To Profit

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Korn/Ferry Int.

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2022 may be remembered as the year investors fell out of love with tech stocks.

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Public Storage is a global leader in the self-storage industry, with a top market position in most of their major operating markets. In addition to their scale and brand awareness, their superb balance sheet and financial operating metrics are two other key competitive strengths.

Public Storage: An Industry Leader Worth Storing In Any Portfolio

Agree Realty

Public Storage and Agree Realty should have what it takes to make it through a recession unscathed.

Worried About a Recession? These 2 Stocks Could Help Get You Through

Public Storage (NYSE:PSA.PK ) Q3 2022 Results Conference Call November 2, 2022 12:00 PM ET Company Participants Ryan Burke - VP, IR Joe Russell - President and CEO Tom Boyle - CFO Conference Call Participants Michael Goldsmith - UBS Lizzy Doykan - Bank of America Samir Khanal - Evercore Smedes Rose - Citi Ki Bin Kim - Truist Juan Sanabria - BMO Capital Markets Spenser Allaway - Green Street Mike Mueller - JPMorgan Todd Thomas - KeyBanc Capital Ronald Kamden - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by, and welcome to the Public Storage Third Quarter 2022 Earnings Call. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation.

Public Storage (PSA) Q3 2022 Earnings Call Transcript

Public Storage's (PSA) Q3 results outshine estimates. Growth in the top line was aided by the increase in the realized annual rent per occupied square foot.

Public Storage (PSA) Q3 FFO & Revenues Top Estimates, View Up

Public Storage (PSA) delivered FFO and revenue surprises of 1.98% and 1.94%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Public Storage (PSA) Q3 FFO and Revenues Top Estimates

Public Storage Reports Results for the Three and Nine Months Ended September 30, 2022

Public Storage (PSA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Public Storage (PSA)

Realty Income Corp

Simon Property Group

The markets may be hopped up on headline data about U.S. GDP growth, but most economists don't expect a rebound of any kind to last. I'm rooting for a smorgasbord of cheaper prices on stocks that are bound to bounce back.

All Treats, No Tricks, Just Blue-Chip REITs

JPMorgan BetaBuilders MSCI US REIT ETF

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Life Storage

Neuberger Berman Real Estate Securities Income Fund Inc

National Storage Affiliates Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Global Self Storage

Seven Hills Realty Trust

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

ProShares Ultra Real Estate

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

Real Estate Select Sector SPDR Fund

Self-Storage REITs have defied expectations to the upside as comprehensively as any real estate sector since the start of the pandemic, delivering earnings growth of over 50% since 2019. Incremental storage demand is driven by change- particularly home moving rates and household formations. Surging mortgage rates have had a "lock-in" effect among existing homeowners while also pricing-out new formations.

Storage REITs: Locked-In And Sticky

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its third quarter 2022 earnings results after the market close on Tuesday, November 1, 2022. A conference call is scheduled for Wednesday, November 2, 2022, at 9:00 a.m. (PDT) to discuss these results. Live conference call Domestic dial-in number: (800) 343-4849 International dial-in number: (203) 518-9848 Conference ID: PSAQ322 Simultaneous audio webcast link: PublicStorage.com, under “About Us,

Public Storage to Release Third Quarter 2022 Earnings Results and Host Quarterly Conference Call

Public Storage (PSA) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Growth Investors Will Love Public Storage (PSA)

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that Chief Executive Officer Joe Russell, together with leaders from across the company, will celebrate its 50th Anniversary by ringing the New York Stock Exchange Opening Bell at 9:30 a.m. (EDT) on Friday, September 30, 2022. Public Storage is the world's leading owner, acquirer, developer, and operator of self-storage properties. In 1972, two friends and entrepreneurs, Wayne Hughes and Ken Volk, founded the company w

Public Storage to Celebrate its 50th Anniversary by Ringing the NYSE Opening Bell

News for Public Storage Stock (PSA)