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

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.125% Cumulative Preferred Shares, Series C (NYSE:PSAPrC) on June 30, 2021 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $200,000,000. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, d

Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 5.125% Cumulative Preferred Shares, Series C

Public Storage (PSA) is poised to gain from high brand value, strategic acquisitions and robust presence in key cities though a development boom in many markets is a concern.

Is it Wise to Hold On to Public Storage (PSA) Stock Now?

WEST PALM BEACH, Fla., May 4, 2021 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Statement on Public Storage Investor Day

Public Storage: A REIT I Love

Public Storage uses little debt and bolsters its balance sheet by issuing preferred shares. The preferred dividend yields are usually low, but very safe.

Public Storage: A Look At The New 3.9% Preferred Shares

Public Storage (PSA) CEO Joseph Russell on Q1 2021 Results - Earnings Call Transcript

Public Storage (PSA) Q1 results reflect an increase realized annual rent per available square foot and weighted average square foot occupancy in the reported quarter and gains from expansion moves.

Public Storage (PSA) Q1 FFO Beats on Rent & Occupancy Gains

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today that it has closed on the acquisition of ezStorage, one of the highest quality self-storage portfolios in the United States, for $1.8 billion. The transaction adds 48 properties (4.2 million net rentable square feet) located in submarkets with strong demand and high barriers for new property development across Washington DC, Virginia, and

Public Storage Announces Closing of the ezStorage Portfolio Acquisition

Public Storage (PSA) delivered FFO and revenue surprises of 4.44% and 2.25%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Public Storage (PSA) Q1 FFO and Revenues Surpass Estimates

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2021. Highlights for the Three Months Ended March 31, 2021 Reported net income allocable to common shareholders of $2.21 per diluted share. Reported core FFO allocable to common shareholders (“Core FFO”) of $2.82 per diluted share, an increase of 9.3% relative to the same period in 2020. Increased same store direct net operating income by 6.5%, resulting from a 3.4

Public Storage Reports Results for the Three Months Ended March 31, 2021

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While Public Storage (PSA) is likely to have gained from its high brand value and solid presence in key cities, stiff competition might have played spoilsport in Q1.

Factors to Impact Public Storage (PSA)This Earnings Season

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) released today registration information for its previously announced Investor Day to be held on Monday, May 3, 2021, from 9:30 a.m. to 1:30 p.m. (PDT). The Investor Day will provide participants with detailed insight into Public Storage's leadership position within the self-storage industry. Senior team members will present on the Company's culture, business strategies, competitive advantages, and how we are leveraging Public Storage'

Public Storage Releases Registration Information for Virtual Investor Day

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the largest self-storage operator in the nation, has been recognized as one of the best places to work in Comparably's most recent workplace culture survey. Public Storage was named in the top three large companies for Best Operations Department, top five as one of the Best Places to Work in Los Angeles, and ranked top 25 for Best Company Outlook. “Public Storage is committed to being a great place to work to build your career,” said

Public Storage Recognized as One of the Best Places to Work by Comparably

The latest buyout of ezStorage will fortify Public Storage's (PSA) platform in submarkets with solid demand drivers and high barriers for new property development.

Public Storage (PSA) Grows Portfolio With $1.8B ezStorage Buyout

Public Storage , a real estate investment trust, said Tuesday it is acquiring ezStorage for $1.8 billion, adding a portfolio of 48 properties in areas with strong demand and high barriers for new property development across Washington DC, Virginia, and Maryland. The company expects to fund the deal using unsecured debt.

Public Storage acquires ezStorage for $1.8 billion

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today the acquisition of ezStorage, one of the highest quality self-storage portfolios in the United States, for $1.8 billion. The portfolio comprises 48 properties (4.2 million net rentable square feet) located in submarkets with strong demand drivers and high barriers for new property development across Washington DC, Virginia, and Maryland.

Public Storage Enhances Portfolio Coverage, Quality, and Growth with ezStorage Acquisition

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2021 earnings results on Wednesday, April 28, 2021. A conference call is scheduled for Thursday, April 29, 2021, at 9:00 a.m. (PDT) to discuss these results.   Live conference call       Domestic dial-in number:   (866) 406-5408   International dial-in number:   (973) 582-2770   Conference ID number:   2268534   Simultaneous audio webcast link:   PublicStorage.com, under “About U

Public Storage to Release First Quarter 2021 Earnings Results and Host Quarterly Conference Call

STAMFORD, Conn.--(BUSINESS WIRE)--Today Land & Buildings Investment Management LLC (together with its affiliates, “Land & Buildings”), a shareholder of Public Storage (“PSA” or the “Company”) (NYSE: PSA), has sent an open letter notifying PSA shareholders it intends to vote against the Company's proposal to eliminate cumulative voting at the 2021 Annual Meeting of Shareholders: Dear Fellow Public Storage Shareholders: We are witnessing more of the same board entrenchment antics at Publi

Land & Buildings Will Vote Against Eliminating Cumulative Voting at Public Storage

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

Why Is Public Storage (PSA) Down 0.9% Since Last Earnings Report?

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GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that the Company will participate in a roundtable discussion at the Citi 2021 Global Property CEO Conference on Wednesday, March 10, 2021, beginning at 4:15 p.m. (EST). The presentation will be webcast and available on Public Storage's website at PublicStorage.com. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-stora

News for Public Storage Stock (PSA)