- Business
- Public Storage, a distinguished member of the S&P 500 and FT Global 500, functions as a real estate investment trust primarily involved in the acquisition, development, ownership, and operation of self-storage facilities. As of December 31, 2024, the company maintained: (i) direct interests in 3,073 self-storage facilities situated across approximately 40 states within the United States, encompassing an aggregate of 221 million net rentable square feet, (ii) an approximate 35% common equity stake in Shurgard Self Storage SA (Euronext Brussels: SHUR), which operates 335 self-storage facilities located in seven Western European nations, totaling approximately 18.3 million net rentable square feet under the "Shurgard" brand, and (iii) had previously held a significant common equity interest in PS Business Parks, Inc., which was fully divested in July 2022, yielding approximately $2.7 billion in proceeds. The company's headquarters remain located in Glendale, California.