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 the largest owner of self-storage facilities in the U.S., and it owns a stake in two REITs, spinoff PS Business Parks and a European company, Shurgard. From one storage unit in 1972, to a fast-growing real estate investment trust, to a mature sector leader, Public Storage has plateaued, resulting in a flat dividend since 2017.

Dividend Sleuthing: Public Storage

Public Storage (PSA) CEO Joe Russell on Q4 2020 Results - Earnings Call Transcript

Public Storage (PSA) Q4 results reflect an increase in occupancy in the reported quarter and gains from expansion moves.

Public Storage (PSA) Q4 FFO Beats on Occupancy Gains, NOI Climbs

Public Storage (PSA) delivered FFO and revenue surprises of 2.81% and 2.99%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Public Storage (PSA) Beats Q4 FFO and Revenue Estimates

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the fourth quarter and year ended December 31, 2020. Comment from the CEO “At Public Storage, our focus on the health and safety of employees and customers, enhancing the industry's leading platform and brand, and utilizing unparalleled capital access to fund growth drove our success in 2020,” said Joe Russell, President and Chief Executive Officer. “The outlook is favorable as we enter 2021. Publ

Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2020

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 Q4.

Can Public Storage (PSA) Pull Off a Surprise in Q4 Earnings?

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GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2020 earnings results on Wednesday, February 24, 2021. A conference call is scheduled for Thursday, February 25, 2021, at 9:00 a.m. (PST) to discuss these results. Live conference call Domestic dial-in number: (866) 406-5408 International dial-in number: (973) 582-2770 Conference ID number: 8057778 Simultaneous audio webcast link: PublicStorage.com, under “About Us, Investor Rel

Public Storage to Release Fourth Quarter 2020 Earnings Results and Host Quarterly Conference Call

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Storage REITs: Riding The Housing Boom

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2020 dividends. For the tax year ended December 31, 2020, 100% of the distributions for the PSA common stock and all the various series of preferred stock were classified as ordinary income. The Company did not declare a capital gain distribution, nor did it have any unrecaptured section 1250 gain for 2020. The ordinary income dividends are not “qualified dividend income.” For shareho

Public Storage Announces Tax Treatment of 2020 Dividends

Public Storage (PSA) is tapping the debt market to procure capital for its expansion efforts with $500 million of senior notes offering.

Public Storage (PSA) Taps Debt Market to Fund Expansion Moves

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GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (the “Company”) today announced that it has appointed Michelle (“Meka”) Millstone-Shroff and Rebecca Owen to its Board of Trustees (the “Board”) and has named David Neithercut as Lead Independent Trustee. In addition, Public Storage announced the establishment of an advisory Long-Term Planning Committee (the “Committee”) of its Board of Trustees focused on Public Storage's long-term planning, strategy, growth, capital allocation prior

Public Storage Advances Board Refreshment

I don't buy all that many REITs at this time, and haven't bought all that many throughout the later part of this year. One I have bought is Public Storage. The company is one of the largest publically traded storage REITs, with thousands of locations in US, Canada, and Europe.

Why Public Storage Is A First-Rate REIT Choice

PSA stock price has been stagnant for the last few years. The company is the dominant actor in the US self-storage business.

Public Storage: Self-Storage REIT With A Green Future

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Elliott has nominated six directors to the Public Storage board to oversee a more aggressive growth strategy.

Elliott tries to turn around a decade-long laggard with new real estate investment

Public Storage (PSA) issues a statement, indicating continued efforts to drive performance on the back of its brand, enhancing scale, improving operating platform and aggressively investing in assets.

Public Storage (PSA) Notes Key Growth Initiatives, Shares Up 2.6%

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) today issued the following statement in response to a letter from Elliott Associates, L.P. and Elliott International, L.P. (together, “Elliott”): The Public Storage Board of Trustees and management team are committed to serving the best interests of the Company and its shareholders, and will continue to take decisive action to drive sustainable value creation. Public Storage is the world's largest owner, operator, and developer of sel

Public Storage Issues Statement

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GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.40% Cumulative Preferred Shares, Series B (NYSE:PSAPrB) on January 20, 2021 at $25 per depositary share plus accrued dividends from January 1, 2021 through the date of redemption. The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the depositary shares is $300,000,000. Comp

News for Public Storage Stock (PSA)