Public Storage (PSA-PP) Financials

NYSE:PSA-PP

Market Cap

3.15B

Total Revenue

4.18B

Gross Profit

3.13B

Operating Income

2.27B

Net Income

6.58B

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	1,981,746,000	2,195,404,000	2,381,696,000	2,560,549,000	2,668,528,000	2,754,280,000	2,846,823,000	2,915,068,000	3,415,824,000	4,182,163,000
costOfRevenue	565,161,000	618,720,000	635,502,000	669,083,000	707,978,000	739,722,000	796,783,000	867,462,000	920,598,000	1,052,907,000
grossProfit	1,416,585,000	1,576,684,000	1,746,194,000	1,891,466,000	1,960,550,000	2,014,558,000	2,050,040,000	2,047,606,000	2,495,226,000	3,129,256,000
researchAndDevelopmentExpenses	10,475,000	10,614,000	10,006,000	9,721,000	8,193,000	5,441,000	6,850,000	10,076,000	8,403,000	17,540,000
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	66,679,000	71,459,000	88,177,000	83,656,000	82,882,000	118,720,000	71,983,000	83,199,000	101,254,000	114,742,000
sellingGeneralAndAdministrativeExpenses	66,679,000	71,459,000	88,177,000	83,656,000	82,882,000	118,720,000	71,983,000	83,199,000	101,254,000	114,742,000
operatingExpenses	454,081,000	508,573,000	514,185,000	516,970,000	537,408,000	602,366,000	584,901,000	636,456,000	814,682,000	1,002,888,000
operatingIncome	962,504,000	1,068,111,000	1,232,009,000	1,374,496,000	1,423,142,000	1,412,192,000	1,563,122,000	1,513,970,000	1,924,943,000	2,273,916,000
totalOtherIncomeExpensesNet	78,894,000	83,699,000	69,746,000	75,015,000	19,242,000	311,131,000	-37,471,000	-152,743,000	34,696,000	2,092,358,000
ebitda	1,430,062,000	1,598,418,000	1,725,498,000	1,879,704,000	1,972,094,000	2,177,391,000	2,076,040,000	2,067,227,000	2,638,371,000	3,162,062,000
depreciationAndAmortization	387,402,000	437,114,000	426,008,000	433,314,000	454,526,000	483,646,000	512,918,000	553,257,000	713,428,000	888,146,000
interestIncome	22,577,000	4,926,000	16,544,000	15,138,000	18,771,000	26,442,000	28,436,000	22,323,000	12,306,000	40,567,000
interestExpense	6,444,000	6,781,000	610,000	4,210,000	12,690,000	32,542,000	45,641,000	56,283,000	90,774,000	136,319,000
incomeBeforeTax	1,057,531,000	1,149,955,000	1,317,689,000	1,460,439,000	1,448,465,000	1,717,223,000	1,525,651,000	1,361,227,000	1,959,639,000	4,366,274,000
incomeTaxExpense	69,101,000	100,799,000	57,992,000	67,829,000	94,593,000	337,573,000	120,305,000	140,794,000	329,243,000	-2,211,550,000
netIncome	1,052,453,000	1,144,204,000	1,311,244,000	1,453,576,000	1,442,217,000	1,711,031,000	1,520,534,000	1,357,213,000	1,953,263,000	6,577,824,000
eps	4.92	5.27	6.1	6.84	6.75	9.84	7.3	6.29	9.91	37.53
epsdiluted	4.89	5.25	6.07	6.81	6.73	9.82	7.29	6.29	9.87	37.31
weightedAverageShsOut	171,640,000	172,251,000	172,699,000	173,091,000	173,613,000	173,969,000	174,287,000	174,494,000	174,858,000	175,257,000
weightedAverageShsOutDil	172,688,000	173,138,000	173,510,000	173,878,000	174,151,000	174,297,000	174,530,000	174,642,000	175,568,000	176,280,000
costAndExpenses	1,019,242,000	1,127,293,000	1,149,687,000	1,186,053,000	1,245,386,000	1,342,088,000	1,381,684,000	1,503,918,000	1,735,280,000	2,055,795,000
otherExpenses	392,106,000	441,972,000	431,380,000	437,173,000	459,321,000	151,616,000	506,068,000	543,181,000	705,025,000	870,606,000

Key Facts

Industry

REIT—Industrial

Sector

Real Estate

Headquarters

Glendale, CA, US

Website

publicstorage.com

CEO

Mr. Joseph D. Russell Jr.

Employees

5900

About the Company

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.