PSA Q4 2023 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q4 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.2B+6.6% YoY

Gross Profit

$869M74.9% margin

Operating Income

$580M50.0% margin

Net Income

$439M37.9% margin

EPS (Diluted)

$2.22

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$792M

Free Cash Flow

$654M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$19.8B

Total Liabilities

$9.7B

Stockholders' Equity

$10.0B

Cash & Equivalents

$370M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+6.6%
Gross Profit	$869M	$829M	+4.8%
Operating Income	$580M	$569M	+2.0%
Net Income	$439M	$412M	+6.5%

Revenue Segments

Self Storage Operations

$1.1B94%

Ancillary Operations

$67M6%