Public Storage (PSA) is set to release its latest quarterly earnings on Tuesday, April 28th, with a consensus estimate EPS of $2.42.
Public Storage (PSA) is currently trading at $306.65, showing a price increase of $1.17 (0.383%) from the previous close. The trading volume is $206,470, representing a 16.96% increase over the average.
In the most recent quarterly earnings report on Wednesday, February 11th, PSA reported an EPS of $2.6, slightly below the consensus estimate of $4.21.
With a forward dividend yield of 3.91%, Public Storage (PSA) offers a stable dividend payout to investors, maintaining financial health.
Public Storage (PSA) shows a healthy cash flow position with operating cash flow of $733.59 million and free cash flow of $633.5 million.
Public Storage (PSA) reported a net income of $507 million, translating to an EPS of $2.6. The company's EBITDA stands at $872 million, indicating strong profitability.
Key financial ratios for PSA include a net profit margin of 41.71%, return on equity of 5.48%, and a price-to-earnings ratio of 22.45, reflecting a stable financial performance.
PSA's balance sheet reveals total assets of $20.21 billion, with total liabilities at $10.87 billion, indicating a strong financial position and potential for growth.
This comprehensive financial report highlights Public Storage's positive earnings outlook, robust cash flow, and solid financial metrics, positioning the company well in the market.
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, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.