PSAPZCL.PFD (Public Storage) Retained Earnings : $-737.45 Mil (As of Sep. 2024)

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What is Public Storage Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Public Storage's retained earnings for the quarter that ended in Sep. 2024 was $-737.45 Mil.

Public Storage's quarterly retained earnings declined from Mar. 2024 ($-336.00 Mil) to Jun. 2024 ($-592.67 Mil) and declined from Jun. 2024 ($-592.67 Mil) to Sep. 2024 ($-737.45 Mil).

Public Storage's annual retained earnings increased from Dec. 2021 ($-550.42 Mil) to Dec. 2022 ($-110.23 Mil) but then declined from Dec. 2022 ($-110.23 Mil) to Dec. 2023 ($-267.91 Mil).

Public Storage Retained Earnings Historical Data

The historical data trend for Public Storage's Retained Earnings 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.

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Public Storage Retained Earnings Chart

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-665.58

-914.79

-550.42

-110.23

-267.91

Public Storage Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-130.58	-267.91	-336.00	-592.67	-737.45

Public Storage Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Public Storage (NYSE:PSApZCL.PFD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Public Storage Business Description

Industry

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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 us with more than 3,000 self-storage facilities in 40 states and approximately 219 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.