Public Storage (PSA)

Public Storage Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,581	4,518	4,182	3,416	2,915	2,855
Revenue Growth (YoY)	6.45%	8.02%	22.43%	17.18%	2.10%	3.46%
Cost of Revenue	1,184	1,148	1,053	920.6	867.46	813.15
Gross Profit	3,397	3,370	3,129	2,495	2,048	2,042
Selling, General & Admin	106.59	107.08	100.42	88.89	83.2	62.15
Other Operating Expenses	1,034	970.06	888.15	713.43	553.26	512.92
Operating Expenses	1,140	1,077	988.56	802.32	636.46	575.06
Operating Income	2,256	2,293	2,141	1,693	1,411	1,467
Interest Expense / Income	232.81	201.13	136.32	90.77	56.28	45.64
Other Expense / Income	-128.34	-67.68	-2,359.1	-363.49	-2.35	-99.28
Pretax Income	2,152	2,159	4,363	1,966	1,357	1,521
Income Tax	12.3	10.82	14.33	12.37	0	0
Net Income	2,140	2,148	4,349	1,953	1,357	1,521
Preferred Dividends	199.21	199.59	206.86	220.82	258.88	247.77
Net Income Common	1,940	1,949	4,142	1,732	1,098	1,273
Net Income Growth	-53.20%	-52.95%	139.10%	57.73%	-13.70%	-14.52%
Shares Outstanding (Basic)	176	175	175	175	174	174
Shares Outstanding (Diluted)	176	176	176	176	175	175
Shares Change	0.07%	-0.08%	0.41%	0.53%	0.06%	0.13%
EPS (Basic)	11.05	11.11	23.64	9.91	6.29	7.30
EPS (Diluted)	11.01	11.06	23.50	9.87	6.29	7.29
EPS Growth	-53.17%	-52.94%	138.10%	56.92%	-13.72%	-14.64%
Free Cash Flow	2,366	2,421	2,344	1,991	1,683	1,596
Free Cash Flow Per Share	13.47	13.80	13.37	11.39	9.65	9.15
Dividend Per Share	9.000	12.000	21.150	8.000	8.000	8.000
Dividend Growth	-59.37%	-43.26%	164.37%	0%	0%	0%
Gross Margin	74.15%	74.59%	74.82%	73.05%	70.24%	71.52%
Operating Margin	49.26%	50.75%	51.19%	49.56%	48.41%	51.38%
Profit Margin	42.36%	43.14%	99.05%	50.72%	37.68%	44.58%
Free Cash Flow Margin	51.66%	53.59%	56.04%	58.30%	57.75%	55.89%
Effective Tax Rate	0.57%	0.50%	0.33%	0.63%	-	-
EBITDA	3,418	3,330	5,388	2,770	1,967	2,079
EBITDA Margin	74.62%	73.72%	128.83%	81.09%	67.47%	72.82%
Depreciation & Amortization	1,034	970.06	888.15	713.43	553.26	512.92
EBIT	2,385	2,360	4,500	2,056	1,413	1,566
EBIT Margin	52.06%	52.25%	107.59%	60.20%	48.49%	54.86%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).