PSA
Income statement / Annual
Last year (2023), Public Storage's total revenue was $4.52 B,
an increase of 8.02% from the previous year.
In 2023, Public Storage's net income was $2.15 B.
See Public Storage’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$4.52 B
|
$4.18 B
|
$3.42 B
|
$2.92 B
|
$2.85 B
|
$2.75 B
|
$2.67 B
|
$2.56 B
|
$2.38 B
|
$2.20 B
|
| Cost of Revenue |
$1.15 B |
$1.05 B |
$920.60 M |
$867.46 M |
$796.78 M |
$739.72 M |
$707.98 M |
$669.08 M |
$635.50 M |
$618.72 M |
| Gross Profit |
$3.37 B |
$3.13 B |
$2.50 B |
$2.05 B |
$2.05 B |
$2.01 B |
$1.96 B |
$1.89 B |
$1.75 B |
$1.58 B |
| Gross Profit Ratio |
0.75 |
0.75 |
0.73 |
0.7 |
0.72 |
0.73 |
0.73 |
0.74 |
0.73 |
0.72 |
| Research and Development
Expenses |
$0.48
|
$17.54 M
|
$8.40 M
|
$10.08 M
|
$6.85 M
|
$5.44 M
|
$8.19 M
|
$9.72 M
|
$10.01 M
|
$10.61 M
|
| General & Administrative
Expenses |
$80.63 M
|
$114.74 M
|
$101.25 M
|
$83.20 M
|
$71.98 M
|
$118.72 M
|
$82.88 M
|
$83.66 M
|
$88.18 M
|
$71.46 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$80.63 M
|
$114.74 M
|
$101.25 M
|
$83.20 M
|
$71.98 M
|
$118.72 M
|
$82.88 M
|
$83.66 M
|
$88.18 M
|
$71.46 M
|
| Other Expenses |
$17.95 M |
$870.61 M |
$705.03 M |
$543.18 M |
$506.07 M |
$151.62 M |
$459.32 M |
$437.17 M |
$431.38 M |
$441.97 M |
| Operating Expenses |
$1.05 B |
$1.00 B |
$814.68 M |
$636.46 M |
$584.90 M |
$602.37 M |
$537.41 M |
$516.97 M |
$514.19 M |
$508.57 M |
| Cost And Expenses |
$2.20 B |
$2.06 B |
$1.74 B |
$1.50 B |
$1.38 B |
$1.34 B |
$1.25 B |
$1.19 B |
$1.15 B |
$1.13 B |
| Interest Income |
$64.82 M |
$40.57 M |
$12.31 M |
$22.32 M |
$28.44 M |
$26.44 M |
$18.77 M |
$15.14 M |
$16.54 M |
$4.93 M |
| Interest Expense |
$201.13 M |
$136.32 M |
$90.77 M |
$56.28 M |
$45.64 M |
$32.54 M |
$12.69 M |
$4.21 M |
$610,000.00 |
$6.78 M |
| Depreciation &
Amortization |
$2.22 B
|
$2.03 B
|
$1.79 B
|
$1.56 B
|
$1.42 B
|
$1.23 B
|
$1.29 B
|
$1.23 B
|
$426.01 M
|
$437.11 M
|
| EBITDA |
$3.40 B
|
$3.16 B
|
$2.64 B
|
$2.07 B
|
$2.08 B
|
$2.18 B
|
$1.97 B
|
$1.88 B
|
$1.73 B
|
$1.60 B
|
| EBITDA Ratio |
0.75 |
0.76 |
0.77 |
0.71 |
0.73 |
0.79 |
0.74 |
0.73 |
0.72 |
0.73 |
| Operating Income Ratio
|
0.71
|
0.54
|
0.56
|
0.52
|
0.55
|
0.51
|
0.53
|
0.54
|
0.52
|
0.49
|
| Total Other
Income/Expenses Net |
-$11.80 M
|
$2.09 B
|
$34.70 M
|
-$152.74 M
|
-$37.47 M
|
$311.13 M
|
$19.24 M
|
$75.02 M
|
$69.75 M
|
$83.70 M
|
| Income Before Tax |
$2.17 B |
$4.37 B |
$1.96 B |
$1.36 B |
$1.53 B |
$1.72 B |
$1.45 B |
$1.46 B |
$1.32 B |
$1.15 B |
| Income Before Tax Ratio
|
0.48
|
1.04
|
0.57
|
0.47
|
0.54
|
0.62
|
0.54
|
0.57
|
0.55
|
0.52
|
| Income Tax Expense |
$10.82 M |
-$2.21 B |
$329.24 M |
$140.79 M |
$120.31 M |
$337.57 M |
$94.59 M |
$67.83 M |
$57.99 M |
$100.80 M |
| Net Income |
$2.15 B |
$6.58 B |
$1.95 B |
$1.36 B |
$1.52 B |
$1.71 B |
$1.44 B |
$1.45 B |
$1.31 B |
$1.14 B |
| Net Income Ratio |
0.48 |
1.57 |
0.57 |
0.47 |
0.53 |
0.62 |
0.54 |
0.57 |
0.55 |
0.52 |
| EPS |
11.11 |
37.53 |
9.91 |
6.29 |
7.3 |
9.84 |
6.75 |
6.84 |
6.1 |
5.27 |
| EPS Diluted |
11.06 |
37.31 |
9.87 |
6.29 |
7.29 |
9.82 |
6.73 |
6.81 |
6.07 |
5.25 |
| Weighted Average Shares
Out |
$175.47 M
|
$175.26 M
|
$174.86 M
|
$174.49 M
|
$174.29 M
|
$173.97 M
|
$173.61 M
|
$173.09 M
|
$172.70 M
|
$172.25 M
|
| Weighted Average Shares
Out Diluted |
$176.14 M
|
$176.28 M
|
$175.57 M
|
$174.64 M
|
$174.53 M
|
$174.30 M
|
$174.15 M
|
$173.88 M
|
$173.51 M
|
$173.14 M
|
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