PSA Q2 2023 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q2 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.1B+8.5% YoY

Gross Profit

$840M75.0% margin

Operating Income

$598M53.4% margin

Net Income

$578M51.6% margin

EPS (Diluted)

$3.00

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$882M

Free Cash Flow

$781M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$17.6B

Total Liabilities

$7.4B

Stockholders' Equity

$10.1B

Cash & Equivalents

$652M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.0B	+8.5%
Gross Profit	$840M	$777M	+8.1%
Operating Income	$598M	$529M	+13.0%
Net Income	$578M	$654M	-11.6%

Revenue Segments

Self Storage Operations

$1.1B94%

Ancillary Operations

$64M6%