Public Storage (PSA) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter grew compared to the same period last year, but was flat relative to the prior quarter. The annual growth rate has moderated over recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter grew compared to the same period last year, but was flat relative to the prior quarter. The annual growth rate has moderated over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.5%
Change from the immediately preceding quarter.
Year-over-year
+12.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1B | +24.4% |
| Sep 30, 2022 | $1.1B | +21.6% |
| Dec 31, 2022 | $1.1B | +17.8% |
| Mar 31, 2023 | $1.1B | +12.4% |
Revenue performance
Revenue increased year over year with a smaller rise compared to the preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was nearly unchanged. Compared to the same quarter one year earlier, revenue showed a solid increase.
What to watch
The decelerating year-over-year revenue growth trend may be a point to monitor.