Public Storage
PSAFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
4,696
Cost of Revenue
1,258
Gross Profit
3,438
Gross Margin
73.2%
Operating Income
2,201
Operating Margin
46.9%
Net Income
2,072
Net Margin
44.1%
EPS (Basic)
$10.68
EPS (Diluted)
$10.64
EBITDA
3,506
EBITDA Margin
74.7%
2023
12/31/2023
Revenue
4,518
Cost of Revenue
1,148
Gross Profit
3,370
Gross Margin
74.6%
Operating Income
2,319
Operating Margin
51.3%
Net Income
2,148
Net Margin
47.6%
EPS (Basic)
$11.11
EPS (Diluted)
$11.06
EBITDA
3,342
EBITDA Margin
74.0%
2022
12/31/2022
Revenue
4,182
Cost of Revenue
1,053
Gross Profit
3,129
Gross Margin
74.8%
Operating Income
2,169
Operating Margin
51.9%
Net Income
4,349
Net Margin
104.0%
EPS (Basic)
$23.64
EPS (Diluted)
$23.50
EBITDA
5,405
EBITDA Margin
129.2%
2021
12/31/2021
Revenue
3,416
Cost of Revenue
921
Gross Profit
2,495
Gross Margin
73.0%
Operating Income
1,706
Operating Margin
49.9%
Net Income
1,953
Net Margin
57.2%
EPS (Basic)
$9.91
EPS (Diluted)
$9.87
EBITDA
2,776
EBITDA Margin
81.3%
2020
12/31/2020
Revenue
2,915
Cost of Revenue
867
Gross Profit
2,048
Gross Margin
70.2%
Operating Income
1,411
Operating Margin
48.4%
Net Income
1,357
Net Margin
46.6%
EPS (Basic)
$6.29
EPS (Diluted)
$6.29
EBITDA
1,971
EBITDA Margin
67.6%