PSA Q1 2024 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q1 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.2B+5.8% YoY

Gross Profit

$833M72.0% margin

Operating Income

$526M45.5% margin

Net Income

$509M44.0% margin

EPS (Diluted)

$2.60

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$666M

Free Cash Flow

$561M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$19.6B

Total Liabilities

$9.6B

Stockholders' Equity

$9.9B

Cash & Equivalents

$272M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+5.8%
Gross Profit	$833M	$806M	+3.3%
Operating Income	$526M	$567M	-7.3%
Net Income	$509M	$518M	-1.7%

Revenue Segments

Self Storage Operations

$1.1B94%

Ancillary Operations

$71M6%