Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.19B | 2.6% |
| Gross Profit | 1.13B | 3.2% |
| Cost of Revenue | 53M | 7.6% |
| Operating expense | 53M | 7.6% |
| Net Income | 430M | 15.4% |
| EBITDA | 534M | 13.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 19.8B | 0.9% |
| Total Liabilities | 10.1B | 5.4% |
| Total Equity | 9.61B | 3.4% |
| Shares Outstanding | 175M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 713M | 7.2% |
| Cash from financing | -560M | 3% |
EPS
Financial Highlights for Public Storage in Q3 '24
Public Storage reported a revenue of 1.19B, which is a 2.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.13B, marking a 3.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 53M, a -7.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 53M, showing a -7.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 430M, showing a -15.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 534M, showing a -13.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Public Storage faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
