Public Storage (PSA) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the previous quarter and the same period last year. The company continues to report solid year-over-year growth, though the pace has moderated from recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the previous quarter and the same period last year. The company continues to report solid year-over-year growth, though the pace has moderated from 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
+2.3%
Change from the immediately preceding quarter.
Year-over-year
+8.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
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 |
|---|---|---|
| Sep 30, 2022 | $1.1B | +21.6% |
| Dec 31, 2022 | $1.1B | +17.8% |
| Mar 31, 2023 | $1.1B | +12.4% |
| Jun 30, 2023 | $1.1B | +8.5% |
Revenue performance
Revenue showed positive momentum, rising sequentially and from a year earlier. The consistent top-line expansion reflects ongoing operational strength.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, indicating continued growth. Versus the same quarter one year ago, revenue was also higher, maintaining a multi-year upward trend.
What to watch
Monitor whether the deceleration in year-over-year growth persists in future quarters.