Short answer
Public Storage (PSA) filed its fiscal 2024 10-K annual report with the SEC on Feb 24, 2025. It reported revenue of $4.7B (+3.9% year over year) and net income of $2.1B.
FY2024 key financial metrics · XBRL
- Revenue
- $4.7B
- +3.9% YoY
- Net income
- $2.1B
- −3.6% YoY
- EPS (diluted)
- $10.64
- −3.8% YoY
- ROE
- 21.3%
- −0.1 pp YoY
- Operating cash flow
- $3.1B
- −3.6% YoY
Source: XBRL data from the Public Storage (PSA) FY2024 10-K on SEC EDGAR. USD.
Public Storage FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: ownership, development, and management of self-storage facilities across the U.S.
- New emphasis on climate change risks including compliance with California SB 253 and SB 261 starting 2026, increasing emissions data reporting and related costs
- Strategic focus on growing third-party facility management business alongside owned and developed properties
- Development pipeline valued at $741.6 million as of Dec 31, 2024, with ongoing acquisition activity amid competitive market pressures
- Property tax expense about $452 million in 2024, with risk of significant increases from reassessments and new laws especially in California
Generated from the filing text; verify against the original. How to read a 10-K
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