PSAPublic Storage

$54B

Q1 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$973M+26.9% YoY

Gross Profit

$712M73.2% margin

Operating Income

$467M48.0% margin

Net Income

$514M52.8% margin

EPS (Diluted)

$2.63

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$656M

Free Cash Flow

$557M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$17.7B

Total Liabilities

$7.9B

Stockholders' Equity

$9.7B

Cash & Equivalents

$941M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$973M	$767M	+26.9%
Gross Profit	$712M	$539M	+32.2%
Operating Income	$467M	$372M	+25.5%
Net Income	$514M	$433M	+18.7%

Revenue Segments

Self Storage Operations

$917M94%

Ancillary Operations

$56M6%

PSA Q1 2022 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena