PSAPublic Storage

$53B

Q1 2019 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$689M+2.9% YoY

Gross Profit

$485M70.4% margin

Operating Income

$343M49.8% margin

Net Income

$367M53.2% margin

EPS (Diluted)

$1.73

QoQ Revenue Growth

-0.5%

Cash Flow

Operating Cash Flow

$470M

Free Cash Flow

$437M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$10.9B

Total Liabilities

$1.8B

Stockholders' Equity

$9.1B

Cash & Equivalents

$218M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$689M	$670M	+2.9%
Gross Profit	$485M	$477M	+1.6%
Operating Income	$343M	$328M	+4.8%
Net Income	$367M	$343M	+6.9%

Revenue Segments

Self Storage Operations

$650M94%

Ancillary Operations

$39M6%

PSA Q1 2019 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena