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Asset logo for symbol PSA
Public Storage
PSA68
$344.93arrow_drop_down2.28%-$8.07
High Quality
S&P500
Asset logo for symbol PSA
PSA68

$344.93

arrow_drop_down2.28%

Income Statement (PSA)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT$564.58M$545.15M$601.60M$627.02M$620.34M
EBITDA$847.92M$830.35M$889.12M$865.77M$842.47M
gross Profit$589.23M$832.73M$869.03M$854.87M$839.89M
NET Income$518.12M$508.94M$439.29M$613.29M$578.02M
total Revenue$1.17B$1.15B$1.15B$1.14B$1.11B

Balance Sheet (PSA)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents---$629.77M$651.66M
net Debt$8.85B$8.79B$8.73B$8.39B$6.24B
stockholders Equity$9.70B$9.94B$10.01B$10.10B$10.06B
total Assets$19.78B$19.61B$19.80B$19.87B$17.56B
total Debt$9.40B$9.06B$9.10B$9.02B$6.89B
total Liabilities$9.98B$9.57B$9.70B$9.67B$7.40B

Cash Flow (PSA)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow-$433.02M-$577.19M-$561.44M$1.60B-$591.12M
free Cash Flow$806.55M$561.10M$653.64M$750.79M$780.81M
investing Cash Flow----$2.50B-$334.96M
operating Cash Flow$908.56M$665.58M$791.68M$875.67M$882.40M

Public Storage (PSA) Financials

Public Storage (PSA) is a leading self-storage real estate investment trust (REIT) that provides storage solutions for residential and commercial customers. As of the latest financial report, the company has reported impressive financial results, demonstrating its strong performance in the market. Looking at the income statement, Public Storage recorded substantial revenue, indicating a successful operation in generating income. The total revenue reflects the company's ability to attract and retain customers with its quality storage services. Furthermore, the gross profit achieved by Public Storage signifies its efficient cost management and profitability.
Examining the balance sheet, Public Storage exhibits a healthy financial position. The stockholders' equity demonstrates the company's net worth and highlights its financial stability. With a substantial amount of total assets, Public Storage possesses a solid foundation to support its operations and potential growth opportunities. It is worth noting that the company has minimized its total debt, indicating a responsible approach towards managing its financial obligations. Additionally, the availability of cash equivalents suggests a strong liquidity position, enabling Public Storage to meet its short-term obligations and pursue potential future investments.
Analyzing the cash flow statement, Public Storage's operating cash flow showcases its ability to generate cash from core business operations. This is a positive indication of the company's operational efficiency and sustainable cash flow generation. The investing cash flow represents the company's expenditures on capital projects and potential acquisitions. This reflects the company's commitment to pursuing growth opportunities by investing in its infrastructure and expanding its storage facilities. Furthermore, the financing cash flow reveals Public Storage's capital structure management, including its debt repayment and equity financing activities.
In conclusion, Public Storage (PSA) has demonstrated strong financial performance reflected in its income statement, balance sheet, and cash flow statement. The company's efficient operations, positive revenue growth, and solid financial position reinforce its position as a leading player in the self-storage industry. With its experienced management team and strategic approach to financial management, Public Storage is well-positioned to capitalize on future growth opportunities. As an investor, understanding these financial metrics provides valuable insights into the company's financial health and potential for long-term success.
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