Public Storage

DB:PUP Stock Report

Market Cap: €53.1b

Public Storage Past Earnings Performance

Past criteria checks 2/6

Public Storage has been growing earnings at an average annual rate of 16.2%, while the Specialized REITs industry saw earnings growing at 14.8% annually. Revenues have been growing at an average rate of 11.7% per year. Public Storage's return on equity is 19.6%, and it has net margins of 36.1%.

Key information

16.2%

Earnings growth rate

16.1%

EPS growth rate

Specialized REITs Industry Growth11.2%
Revenue growth rate11.7%
Return on equity19.6%
Net Margin36.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Public Storage makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:PUP Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 244,6991,698970
30 Jun 244,6591,880920
31 Mar 244,6091,940850
31 Dec 234,5461,949810
30 Sep 234,4761,922590
30 Jun 234,4214,071560
31 Mar 234,3474,146660
31 Dec 224,2404,142720
30 Sep 224,0914,338920
30 Jun 223,9102,0681060
31 Mar 223,7051,8111050
31 Dec 213,6481,732760
30 Sep 213,3071,4671090
30 Jun 213,1481,271970
31 Mar 213,0281,171840
31 Dec 202,9961,098800
30 Sep 202,9691,133600
30 Jun 202,9621,224580
31 Mar 202,9611,284580
31 Dec 192,9251,273620
30 Sep 192,8891,476790
30 Jun 192,8651,461890
31 Mar 192,8751,5031060
31 Dec 182,8251,4891040
30 Sep 182,8361,2931100
30 Jun 182,8151,2501050
31 Mar 182,7621,178880
31 Dec 172,7441,172820
30 Sep 172,7171,190810
30 Jun 172,6941,220810
31 Mar 172,6531,224850
31 Dec 162,6141,184820
30 Sep 162,5901,134820
30 Jun 162,5411,099800
31 Mar 162,4921,082830
31 Dec 152,4191,053840
30 Sep 152,3791,034840
30 Jun 152,329992820
31 Mar 152,275947770
31 Dec 142,229908710
30 Sep 142,191868690
30 Jun 142,136868690
31 Mar 142,092857670
31 Dec 132,023845670

Quality Earnings: PUP has high quality earnings.

Growing Profit Margin: PUP's current net profit margins (36.1%) are lower than last year (42.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PUP's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: PUP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PUP had negative earnings growth (-11.6%) over the past year, making it difficult to compare to the Specialized REITs industry average (4.1%).

Return on Equity

High ROE: PUP's Return on Equity (19.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 14:07
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Public Storage is covered by 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Richard MilliganBaird
Ross SmotrichBarclays