Public Storage (Public Storage) Net Margin %

: 37.87% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Public Storage's Net Income for the three months ended in Dec. 2023 was $439.29 Mil. Public Storage's Revenue for the three months ended in Dec. 2023 was $1,159.87 Mil. Therefore, Public Storage's net margin for the quarter that ended in Dec. 2023 was 37.87%.

The historical rank and industry rank for Public Storage's Net Margin % or its related term are showing as below:

PSAPRTCL.PFD' s Net Margin % Range Over the Past 10 Years
Min: 46.56 Med: 54.56 Max: 103.99
Current: 47.55

PSAPRTCL.PFD's Net Margin % is ranked better than
63.82% of 796 companies
in the REITs industry
Industry Median: 32.605 vs PSAPRTCL.PFD: 47.55

Public Storage Net Margin % Historical Data

The historical data trend for Public Storage's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

53.26

46.56

57.18

103.99

47.55

Public Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																37.88	47.31	51.62	53.62	37.87

Competitive Comparison

For the REIT - Industrial subindustry, Public Storage's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Public Storage Net Margin % Distribution

For the REITs industry and Real Estate sector, Public Storage's Net Margin % distribution charts can be found below:

* The bar in red indicates where Public Storage's Net Margin % falls into.

Public Storage Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Public Storage's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	2148.327	/	4517.69
	=	47.55 %

Public Storage's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	439.292	/	1159.868
	=	37.87 %

Public Storage (NYSE:PSAPRTCL.PFD) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Public Storage Net Margin % Related Terms

Thank you for viewing the detailed overview of Public Storage's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Public Storage (Public Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSAPRTCL.PFD) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

PSApS.PFD:USA PSApR.PFD:USA PSApQ.PFD:USA PSApP.PFD:USA PSApO.PFD:USA PSApN.PFD:USA PSApM.PFD:USA PSApL.PFD:USA PSApK.PFD:USA PSApJ.PFD:USA PSApI.PFD:USA PSApH.PFD:USA PSA.pG.PFD:USA PSApF.PFD:USA PSA:USA PUP:Germany P1SA34:Brazil

Address

701 Western Avenue, Glendale, CA, USA, 91201-2349

Website

https://www.publicstorage.com

Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.