PSA Q2 2024 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q2 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.2B+4.8% YoY

Gross Profit

$872M74.3% margin

Operating Income

$562M47.9% margin

Net Income

$518M44.2% margin

EPS (Diluted)

$2.66

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$895M

Free Cash Flow

$793M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$19.8B

Total Liabilities

$10.0B

Stockholders' Equity

$9.7B

Cash & Equivalents

$542M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+4.8%
Gross Profit	$872M	$840M	+3.8%
Operating Income	$562M	$598M	-6.0%
Net Income	$518M	$578M	-10.4%

Revenue Segments

Self Storage Operations

$1.1B94%

Ancillary Operations

$73M6%