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Public Storage

Real Estate US PSA

294.475USD
-5.405(1.80%)

Last update at 2024-12-19T18:58:00Z

Day Range

292.60302.35
LowHigh

52 Week Range

230.65306.43
LowHigh

Fundamentals

  • Previous Close 299.88
  • Market Cap52392.48M
  • Volume338607
  • P/E Ratio27.33
  • Dividend Yield4.03%
  • EBITDA3253.29M
  • Revenue TTM4476.00M
  • Revenue Per Share TTM25.52
  • Gross Profit TTM 3187.14M
  • Diluted EPS TTM10.90

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 4366.27M 1959.64M 1361.23M 1525.65M 1717.22M
Minority interest 17.13M 6.38M 4.01M 5.12M 25.25M
Net income 4349.15M 1953.26M 1357.21M 1520.53M 1711.03M
Selling general administrative 114.74M 101.25M 83.20M 71.98M 118.72M
Selling and marketing expenses - - - - -
Gross profit 3129.26M 2495.23M 2047.61M 2050.04M 2014.56M
Reconciled depreciation 888.15M 713.43M 553.26M 512.92M 483.65M
Ebit 2273.92M 1924.94M 1513.97M 1563.12M 1693.74M
Ebitda 3162.06M 2638.37M 2067.23M 2076.04M 2177.39M
Depreciation and amortization 888.15M 713.43M 553.26M 512.92M 483.65M
Non operating income net other 2376.22M 258.08M 104.31M 98.32M 319.46M
Operating income 2273.92M 1924.94M 1513.97M 1563.12M 1412.19M
Other operating expenses 2055.80M 1735.28M 1503.92M 1381.68M 1342.09M
Interest expense 136.32M 90.77M 56.28M 45.64M 32.54M
Tax provision - - - - -
Interest income 20.82M 12.31M 22.32M 28.44M 26.44M
Net interest income -115.49500M -78.46800M -33.96000M -17.20500M -6.05800M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 2211.55M 329.24M 140.79M 120.31M 337.57M
Total revenue 4182.16M 3415.82M 2915.07M 2846.82M 2754.28M
Total operating expenses 1002.89M 814.68M 636.46M 584.90M 602.37M
Cost of revenue 1052.91M 920.60M 867.46M 796.78M 739.72M
Total other income expense net 2092.36M 34.70M -152.74300M -37.47100M 311.13M
Discontinued operations - - - - -
Net income from continuing ops 4366.27M 1847.85M 1459.18M 1517.82M 1717.22M
Net income applicable to common shares 4142.29M 1732.44M 1098.34M 1272.77M 1488.90M
Preferred stock and other adjustments 194.39M 215.49M 255.33M 242.87M 216.32M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 17552.31M 17380.91M 11816.55M 11365.44M 10928.27M
Intangible assets 66.67M 137.05M 30.05M 31.34M 35.26M
Earning assets - - - - -
Other current assets 29.90M 207.66M 25.04M 23.81M 22.80M
Total liab 7385.51M 7957.37M 3239.65M 2285.78M 1783.54M
Total stockholder equity 10073.40M 9335.18M 8558.87M 9062.91M 9119.48M
Deferred long term liab - - - - -
Other current liab 514.68M 482.09M 394.65M 383.28M 371.26M
Common stock 17.53M 17.51M 17.46M 17.44M 17.41M
Capital stock 4367.53M 4117.51M 3809.96M 4082.44M 4042.41M
Retained earnings -110.23100M -550.41600M -914.79100M -665.57500M -577.36000M
Other liab - - - - -
Good will 165.84M 165.84M 174.60M 174.60M 174.60M
Other assets 200.92M 16343.42M 147.68M 10749.76M 108.30M
Cash 775.25M 734.60M 257.56M 409.74M 361.22M
Cash and equivalents 775.25M 734.60M 257.56M 409.74M 361.22M
Total current liabilities 514.68M 482.09M 394.65M 383.28M 371.26M
Current deferred revenue - - - - -
Net debt 6095.57M 6740.68M 2287.43M 1492.75M 1051.07M
Short term debt 0.00000M 7475.28M 2544.99M 1902.49M 1.87M
Short long term debt - - - 2.02M 1.87M
Short long term debt total 6870.83M 7475.28M 2544.99M 1902.49M 1412.28M
Other stockholder equity 5896.42M 5821.67M 5707.10M 5710.93M 5718.48M
Property plant equipment 16037.96M 15307.00M 10408.57M 9807.60M 9442.11M
Total current assets 775.25M 734.60M 257.56M 409.74M 361.22M
Long term investments 275.75M 828.76M 773.05M 767.82M 783.99M
Net tangible assets 5490.89M 5000.53M 4561.71M 4791.98M 4884.62M
Short term investments - 828.76M - - -
Net receivables - - - 7.50M -
Long term debt 6870.83M 7475.28M 2544.99M 1902.49M 1412.28M
Inventory - - - - -
Accounts payable 514.68M 482.09M 394.65M 383.28M 371.26M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 93.40M 20.11M 18.03M 16.76M 25.25M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -80.31700M -53.58700M -43.40100M -64.89000M -64.06000M
Additional paid in capital - - - - -
Common stock total equity 17.53M 17.51M 17.46M 17.44M 17.41M
Preferred stock total equity 4350.00M 4100.00M 3792.50M 4065.00M 4025.00M
Retained earnings total equity -110.23100M -550.41600M -914.79100M -665.57500M -577.36000M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 15895.79M 207.66M 172.72M 174.34M 131.10M
Deferred long term asset charges - - - - -
Non current assets total 16777.05M 16646.31M 11558.99M 10955.70M 10567.05M
Capital lease obligations - - - - -
Long term debt total 6870.83M 7475.28M 2544.99M 1902.49M 1412.28M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 2637.55M 16.30M 1.80M 0.76M 54.18M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities 1120.00M -5563.51100M -1117.71400M -897.36000M -513.77800M
Net borrowings -513.49500M 5036.69M 543.13M 494.98M -1.78400M
Total cash from financing activities -4193.27000M 3498.14M -1075.71600M -1120.73500M -1619.58800M
Change to operating activities - - - - -
Net income 4366.27M 1959.64M 1361.23M 1525.65M 1717.22M
Change in cash 43.87M 478.69M -150.95400M 49.53M -72.03400M
Begin period cash flow 761.29M 282.60M 433.55M 384.02M 456.05M
End period cash flow 805.16M 761.29M 282.60M 433.55M 384.02M
Total cash from operating activities 3117.14M 2543.55M 2042.90M 2067.64M 2061.50M
Issuance of capital stock 278.10M 1243.32M 1220.87M 1092.72M 12.53M
Depreciation 888.15M 713.43M 553.26M 512.92M 483.65M
Other cashflows from investing activities -759.61400M -532.70100M -327.24400M -460.36400M 91.93M
Dividends paid -3908.49700M -1588.88800M -1606.42900M -1608.74900M 1612.68M
Change to inventory - - - - -
Change to account receivables - - 7.51M - -
Sale purchase of stock 279.77M -1175.00000M -1220.00000M -1050.00000M -12.34700M
Other cashflows from financing activities 193.45M 6168.39M 1740.07M 1506.37M -5.30200M
Change to netincome -1249.13300M 583.92M 681.67M 541.99M 344.28M
Capital expenditures 459.77M 270.24M 170.00M 187.31M 478.87M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - 0.51M -0.42600M -0.01300M -0.17100M
Cash and cash equivalents changes 43.87M 478.69M -150.95400M 49.53M -72.03400M
Change in working capital -2193.98200M -182.95100M -163.55400M 36.50M -106.21600M
Stock based compensation 56.70M 59.81M 33.36M 25.83M 69.94M
Other non cash items 6.16M -189.32700M 95.06M 3.24M -209.30200M
Free cash flow 2657.37M 2273.32M 1872.90M 1880.33M 1582.63M

Peer Comparison

Sector: Real Estate Industry: REIT - Industrial

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
PSA
Public Storage
-5.405 1.80% 294.48 27.33 27.32 11.54 8.95 14.45 20.02
PLD
Prologis Inc
-1.245 1.20% 102.67 42.17 52.08 14.75 2.25 18.70 23.08
PLDGP
Prologis Inc
-2.0 3.39% 57.00 10.93 - 5.05 -
EXR
Extra Space Storage Inc
-2.74 1.86% 144.92 28.98 28.74 14.47 2.23 19.14 26.72
SEGXF
Segro Plc
-0.05 0.56% 8.84 - 26.39 20.69 0.99 30.53 -6.3737

Reports Covered

Stock Research & News

Profile

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, 2023, we had: (i) interests in 3,028 self-storage facilities located in 40 states with approximately 217 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 267 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.

Public Storage

701 Western Avenue, Glendale, CA, United States, 91201

Key Executives

Name Title Year Born
Mr. Joseph D. Russell Jr. CEO, Pres & Trustee 1960
Mr. H. Thomas Boyle III Sr. VP & CFO 1983
Ms. Natalia N. Johnson Sr. VP & Chief Admin. Officer 1978
Mr. Nathaniel A. Vitan Sr. VP, Chief Legal Officer & Corp. Sec. 1974
Mr. David Lee CFE Chief Operating Officer NA
Mr. Michael Braine Chief Technology Officer NA
Mr. Ryan C. Burke VP of Investor Relations NA
David Collins Head of Marketing & VP NA
Mr. John M. Sambuco Pres of Asset Management NA
Mr. Steven H. Lentin Exec. VP of Operations NA

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