Public Storage (PSA) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. The pace of year-over-year growth has moderated from earlier periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to both the prior quarter and the same quarter last year. The pace of year-over-year growth has moderated from earlier periods.
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
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+5.1%
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 |
|---|---|---|
| Dec 31, 2022 | $1.1B | +17.8% |
| Mar 31, 2023 | $1.1B | +12.4% |
| Jun 30, 2023 | $1.1B | +8.5% |
| Sep 30, 2023 | $1.1B | +5.1% |
Revenue performance
The quarter’s revenue continued to trend upward, maintaining the level seen in recent quarters.
Quarterly comparison
Revenue rose sequentially and was also higher than the same quarter one year earlier. However, the magnitude of the annual increase has steadily narrowed.
What to watch
Monitor whether the deceleration in year-over-year growth signals a broader trend shift.