PSA Q2 2022 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q2 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.0B+24.4% YoY

Gross Profit

$777M75.3% margin

Operating Income

$529M51.3% margin

Net Income

$654M63.4% margin

EPS (Diluted)

$3.42

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$798M

Free Cash Flow

$685M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$17.9B

Total Liabilities

$7.8B

Stockholders' Equity

$10.0B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$829M	+24.4%
Gross Profit	$777M	$611M	+27.2%
Operating Income	$529M	$410M	+29.0%
Net Income	$654M	$410M	+59.3%

Revenue Segments

Self Storage Operations

$973M94%

Ancillary Operations

$59M6%