Public Storage to Release Quarterly Earnings Results on August 2nd
July 27, 2023
🌥️Trending News
Public Storage ($NYSE:PSA), an American real estate investment trust (REIT) specializing in self storage, will be releasing their quarterly earnings results on Wednesday, August 2nd after the market closes. Public Storage’s stock has been performing well and is currently trading near its all-time high. Investors are now eagerly awaiting the company’s quarterly earnings report to see if the company can continue its positive performance.
Analysts are predicting that the company is likely to post record revenues and profits in the second quarter. With the release of the financials, investors will have a better understanding of how well the company is doing and will also be able to make more informed investment decisions.
Earnings
On August 2nd, PUBLIC STORAGE will be releasing its quarterly earnings results for FY2023 Q1, ending March 31 2021. The results show a 4.7% decrease in total revenue year-over-year, with a total revenue of 46.08M USD. In the last 3 years, PUBLIC STORAGE has managed to increase their total revenue from 46.08M USD to 48.68M USD. This upcoming report will serve as a data point to gauge the company’s performance going into the future.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Public Storage. More…
| Total Revenues | Net Income | Net Margin |
| 4.3k | 4.15k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Public Storage. More…
| Operations | Investing | Financing |
| 3.16k | 1.2k | -4.6k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Public Storage. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.51k | 7.37k | 32.46 |
Key Ratios Snapshot
Some of the financial key ratios for Public Storage are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 51.5% |
| FCF Margin | ROE | ROA |
| – | – | – |
Stock Price
The stock opened at $293.5 and closed at $295.6, up by 0.6% from the previous closing price of 293.7. This news has generated a lot of excitement in the market, as investors look forward to the release of the quarterly earnings report. They also expect to get a better understanding of the strategy that the company has adopted to maximize its profit potential.
The upcoming quarterly earnings report will be closely watched by the investment community, with many speculating on how the company’s performance will impact its stock price in the near future. With the stock currently trading at its highest level in many years, all eyes are on PUBLIC STORAGE for their August 2nd earnings report. Live Quote…
Analysis
At GoodWhale, we have taken an in-depth look into PUBLIC STORAGE‘s financials and come up with a Risk Rating that reflects the company’s low-risk investment profile in terms of business and financial aspects. We have detected one risk warning that is present in the balance sheet, but this should not deter potential investors from considering this business as a viable option. To find out more about this risk warning and to get a better understanding of the company’s financial situation, please do register on our website at goodwhale.com. More…
Peers
Public Storage is a real estate investment trust that invests in self-storage facilities. The company was founded in 1972 and is headquartered in Glendale, California. Public Storage has over 2,200 locations in the United States and Europe. The company’s competitors include Life Storage Inc, Extra Space Storage Inc, and National Storage Affiliates Trust.
– Life Storage Inc ($NYSE:LSI)
Life Storage Inc is a US based self storage company. As of December 31, 2020, it operated 969 self storage facilities across the United States. The company has a market capitalization of $8.69 billion as of February 2021.
– Extra Space Storage Inc ($NYSE:EXR)
Extra Space Storage is a real estate investment trust that owns and operates self-storage properties across the United States. As of December 31, 2020, the company had 1,871 self-storage properties located in 40 states, Washington, D.C., and Puerto Rico. Extra Space Storage is the second largest self-storage company in the United States with a market cap of $22.22 billion as of February 2021.
– National Storage Affiliates Trust ($NYSE:NSA)
National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the United States. As of December 31, 2020, the Company owned and operated 783 self storage properties located in 38 states with approximately 54.3 million rentable square feet.
Summary
Public Storage is an established real estate investment trust (REIT) that specializes in self-storage. Investors interested in Public Storage should consider the company’s healthy financials. It boasts a strong balance sheet, a long history of dividend payments, and a solid track record of growing earnings and revenue. The company has displayed steady cash flow growth, enhanced by its proactive management of its portfolio.
Public Storage is expected to announce its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts are expecting strong results from the company and investors will be keeping a close eye on the results to see if it meets or exceeds expectations.
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