Earnings Summary

Public Storage’s revenue jumped 5.76% since last year same period to $1157.22Mn in the Q1 2024. On a quarterly growth basis, Public Storage has generated -0.23% fall in its revenue since last 3-months.

Public Storage’s net profit jumped 68.23% since last year same period to $508.95Mn in the Q1 2024. On a quarterly growth basis, Public Storage has generated 15.86% jump in its net profits since last 3-months.

Public Storage’s net profit margin jumped 59.07% since last year same period to 43.98% in the Q1 2024. On a quarterly growth basis, Public Storage has generated 16.12% jump in its net profit margins since last 3-months.

Public Storage’s price-to-earnings ratio after this Q1 2024 earnings stands at 27.4.

Public Storage’s earning per share (EPS) estimates for the current quarter stand at 2.47 - a -9.52% fall from last quarter’s estimates.

Public Storage’s earning per share (EPS) estimates for the current year stand at 2.47.

Public Storage’s earning per share (EPS) fell -1.89% since last year same period to 2.6 in the Q1 2024. This indicates that the Public Storage has generated -1.89% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Public Storage’s return on assets (ROA) stands at 0.08.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Public Storage’s return on equity (ROE) stands at 0.21.

Public Storage declared 3 dividend per share during the earnings announcement for Q1 2024.