- CEO
- H. Thomas Boyle
- Full Time Employees
- 5,900
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- 701 Western Avenue Glendale CA United States of America 91201-2349
- IPO Date
- Aug 1, 2017
- Business
- Public Storage Public Storage operates as a leading real estate investment trust that acquires, develops, owns, and manages self-storage facilities, offering storage spaces of varying sizes and features including climate-controlled units, drive-up access, and vehicle storage for personal, business, and tenant needs; it also provides tenant reinsurance products covering stored goods against damage or loss, sells moving and packing supplies such as boxes, locks, tape, and bubble wrap, and manages third-party properties. The company serves individuals moving or renovating, businesses storing excess inventory, and students requiring temporary space, with operations spanning thousands of facilities across 40 U.S. states containing over 220 million net rentable square feet and exposure to the European market through a significant equity interest in Shurgard Self Storage centered in countries like Belgium. Founded in 1972 and headquartered in Glendale, California, Public Storage maintains a strong presence in major metropolitan areas of the United States and Europe. In 2025, the company aggressively expanded through acquisitions, purchasing approximately 74 facilities totaling 5.2 million square feet for $814.6 million in the first nine months, including 49 properties with 3.4 million square feet for $511.4 million in the third quarter alone; it also advanced a development pipeline of 3.9 million square feet at an expected cost of $649 million, opened new facilities and expansions adding hundreds of thousands of square feet, and leveraged AI for operational efficiencies achieving a 78.5% same-store NOI margin while raising full-year core FFO guidance.