PSAPublic Storage

$54B

Q3 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.1B+5.1% YoY

Gross Profit

$855M74.7% margin

Operating Income

$595M52.1% margin

Net Income

$613M53.6% margin

EPS (Diluted)

$3.20

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$876M

Free Cash Flow

$751M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$19.9B

Total Liabilities

$9.7B

Stockholders' Equity

$10.1B

Cash & Equivalents

$630M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.1B	+5.1%
Gross Profit	$855M	$811M	+5.4%
Operating Income	$595M	$561M	+6.2%
Net Income	$613M	$2.8B	-77.9%

Revenue Segments

Self Storage Operations

$1.1B94%

Ancillary Operations

$65M6%

PSA Q3 2023 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena