Public Storage Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2007 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2007 - 2019
Property Revenue	4,432	4,396	4,260	3,946	3,204	2,722	Upgrade
Service and Other Revenue	317.6	299.62	258.08	236.14	212.26	193.44	Upgrade
Revenue	4,749	4,696	4,518	4,182	3,416	2,915	Upgrade
Revenue Growth (YoY)	2.49%	3.94%	8.02%	22.43%	17.18%	2.10%	Upgrade
Property Expenses	1,152	1,137	1,062	980.21	852.03	807.54	Upgrade
Service and Other Expenses	130.65	121.28	86	72.7	68.57	59.92	Upgrade
Total Property Expenses	1,282	1,258	1,148	1,053	920.6	867.46	Upgrade
Gross Profit	3,467	3,438	3,370	3,129	2,495	2,048	Upgrade
Selling, General & Admin	128.52	122.18	107.08	100.42	88.89	83.2	Upgrade
Depreciation & Amortization Expenses	1,127	1,130	970.06	888.15	713.43	553.26	Upgrade
Other Operating Expenses	18.84	15.51	26.45	28.74	12.92	-	Upgrade
Operating Income	2,193	2,170	2,266	2,112	1,680	1,411	Upgrade
Net Gains on Disposal of Properties	0.87	1.54	17.18	1.5	13.68	1.49	Upgrade
Interest Income	69.66	87.03	113.49	147.55	244.4	102.82	Upgrade
Interest Expense	-290.01	-287.4	-201.13	-136.32	-90.77	-56.28	Upgrade
Other Non-Operating Income (Expense)	-162.51	102.24	-51.2	2,227	111.79	-97.95	Upgrade
Total Non-Operating Income (Expense)	-381.98	-96.59	-121.66	2,240	279.1	-49.92	Upgrade
Pretax Income	1,829	2,089	2,171	4,381	1,972	1,361	Upgrade
Provision for Income Taxes	5.78	4.67	10.82	14.33	12.37	-	Upgrade
Net Income	1,612	1,873	1,949	4,142	1,732	1,098	Upgrade
Minority Interest in Earnings	16.7	17.02	16.68	29.6	11.7	7.56	Upgrade
Net Income Attributable to Preferred Dividends	198.84	199.33	199.59	206.86	220.82	258.88	Upgrade
Net Income to Common	1,612	1,873	1,949	4,142	1,732	1,098	Upgrade
Net Income Growth	-14.26%	-3.90%	-52.95%	139.10%	57.73%	-13.71%	Upgrade
Shares Outstanding (Basic)	175	175	175	175	175	174	Upgrade
Shares Outstanding (Diluted)	176	176	176	176	176	175	Upgrade
Shares Change (YoY)	-0.13%	-0.06%	-0.08%	0.41%	0.53%	0.06%	Upgrade
EPS (Basic)	9.19	10.68	11.11	23.64	9.91	6.29	Upgrade
EPS (Diluted)	9.17	10.64	11.06	23.50	9.87	6.29	Upgrade
EPS Growth	-14.06%	-3.80%	-52.94%	138.09%	56.92%	-13.72%	Upgrade
Free Cash Flow	2,028	2,114	1,948	1,586	-3,056	891.23	Upgrade
Free Cash Flow Growth	-4.06%	8.52%	22.82%	-	-	-23.03%	Upgrade
Free Cash Flow Per Share	11.53	12.01	11.06	9.00	-17.41	5.10	Upgrade
Dividends Per Share	12.000	12.000	12.000	8.000	8.000	8.000	Upgrade
Dividend Growth	-	-	50.00%	-	-	-	Upgrade
Gross Margin	73.00%	73.21%	74.59%	74.82%	73.05%	70.24%	Upgrade
Operating Margin	46.17%	46.22%	50.16%	50.50%	49.18%	48.41%	Upgrade
Profit Margin	38.40%	44.39%	47.81%	104.40%	57.37%	46.70%	Upgrade
FCF Margin	42.70%	45.02%	43.12%	37.92%	-89.46%	30.57%	Upgrade
EBITDA	3,320	3,300	3,236	3,000	2,393	1,964	Upgrade
EBITDA Margin	69.90%	70.28%	71.63%	71.74%	70.07%	67.39%	Upgrade
EBIT	2,193	2,170	2,266	2,112	1,680	1,411	Upgrade
EBIT Margin	46.17%	46.22%	50.16%	50.50%	49.18%	48.41%	Upgrade
Effective Tax Rate	0.32%	0.22%	0.50%	0.33%	0.63%	0.00%	Upgrade

Updated Jun 30, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.