← Public Storage
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.6b | $2.7b | $2.8b | $2.8b | $2.9b | $3.4b | $4.2b | $4.5b | $4.7b | $4.8b | |
| Cost of Goods and Services Sold | $669.1m | $708.0m | $739.7m | $754.6m | $772.7m | $905.4m | $1.1b | $1.2b | $1.2b | $1.3b | |
| Gross Profit (derived) | $1.9b | $2.0b | $2.0b | $2.1b | $2.1b | $2.5b | $3.1b | $3.3b | $3.5b | $3.5b | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $1.4b | $1.4b | — | — | — | — | — | — | — | — | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | $56.8m | $75.7m | $103.5m | $69.5m | $80.5m | $232.1m | $107.0m | $27.9m | $19.8m | $9.6m | |
| Amortization of Intangible Assets | $21.7m | $15.0m | $16.6m | $16.8m | $16.1m | $76.6m | $95.2m | $82.7m | $117.6m | $94.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $17.6m | $50.0m | $18.1m | $7.8m | $98.0m | $111.8m | $98.3m | ($51.2m) | $102.2m | ($215.6m) | |
| Gains (Losses) on Sales of Investment Real Estate | $689k | $1.4m | $37.9m | $341k | $1.5m | $13.7m | $1.5m | $17.2m | $1.5m | $1.1m | |
| Interest and Other Income | $15.1m | $18.8m | $26.4m | $28.4m | $3.1m | $12.3m | $40.6m | $85.6m | $67.2m | $63.1m | |
| Preferred Stock Dividends, Income Statement Impact | $238.2m | $236.5m | $216.3m | $210.2m | $207.1m | $186.6m | $194.4m | $194.7m | $194.7m | $194.7m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | — | $2.2b | $2.1b | $1.8b | |
| Investment Income, Net | $15.1m | $18.8m | $26.4m | $28.4m | $22.3m | — | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | $1.5b | $1.4b | $1.7b | $1.5b | $1.4b | $2.0b | $4.3b | $2.1b | $2.1b | $1.8b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1.2b | $1.2b | $1.5b | $1.3b | $1.1b | $1.7b | $4.1b | $1.9b | $1.9b | $1.6b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | $17.1m | $11.8m | $12.4m | $12.7m | |
| Earnings Per Share, Basic | $6.84 | $6.75 | $8.56 | $7.30 | $6.29 | $9.91 | $23.64 | $11.11 | $10.68 | $9.04 | |
| Earnings Per Share, Diluted | $6.81 | $6.73 | $8.54 | $7.29 | $6.29 | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 | |
| Common Stock, Dividends, Per Share, Declared | $7.30 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $21.15 | $12.00 | $12.00 | $12.00 | |
| Weighted Average Number of Shares Outstanding, Basic | 173.1m | 173.6m | 174.0m | 174.3m | 174.5m | 174.9m | 175.3m | 175.5m | 175.4m | 175.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 173.9m | 174.2m | 174.3m | 174.5m | 174.6m | 175.6m | 176.3m | 176.1m | 176.0m | 175.9m | |
| General and Administrative Expense | $83.7m | $82.9m | $118.7m | $72.0m | $83.2m | $101.3m | $114.7m | $80.6m | $106.7m | $106.7m | |
| Direct Costs of Leased and Rented Property or Equipment | $617.9m | $657.6m | $695.7m | $752.6m | $807.5m | $852.0m | — | — | — | — | |
| Interest Expense | $4.2m | $12.7m | $32.5m | $45.6m | $56.3m | $90.8m | $136.3m | $201.1m | $287.4m | $304.5m | |
| Other Cost of Operating Revenue | $51.2m | $50.3m | $44.0m | $44.2m | $59.9m | $68.6m | — | — | — | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | — | — | $59.9m | — | — | — | — | |
| Income Tax Expense (Benefit) | $0 | $0 | — | — | — | $12.4m | $14.3m | $10.8m | $4.7m | ($7.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.