PSA Q1 2023 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q1 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.1B+12.4% YoY

Gross Profit

$806M73.7% margin

Operating Income

$567M51.8% margin

Net Income

$518M47.3% margin

EPS (Diluted)

$2.65

QoQ Revenue Growth

+0.5%

Cash Flow

Operating Cash Flow

$697M

Free Cash Flow

$600M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$17.5B

Total Liabilities

$7.4B

Stockholders' Equity

$10.0B

Cash & Equivalents

$695M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$973M	+12.4%
Gross Profit	$806M	$712M	+13.1%
Operating Income	$567M	$467M	+21.4%
Net Income	$518M	$514M	+0.7%

Revenue Segments

Self Storage Operations

$1.0B94%

Ancillary Operations

$62M6%