Public Storage
PSA-PJ
New York Stock Exchange18.18
USD
-0.05
- -
CIK
0001393311
ISIN
US74460W5940
CUSIP
74460W594
Return %
Stock
S&P500
1Y
-2.81
26.53
3Y
-19.69
76.60
5Y
-34.17
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- 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
- IPO Date
- Nov 6, 2019
- CIK
- 0001393311
- Website
- publicstorage.com
- Similar Companies
- Business
- Public Storage operates as a leading self-storage company primarily engaged in the ownership, operation, and development of self-storage facilities across the United States and Europe. The company offers a wide range of storage unit sizes and types at more than 3,432 facilities in 40 U.S. states, totaling approximately 250 million net rentable square feet, under its flagship Public Storage brand. Additionally, it holds a 35% equity stake in Shurgard Self Storage Limited, which operates 321 facilities in seven Western European countries under the Shurgard brand. Its services include rental of storage spaces, property management, development, redevelopment, and third-party management. Public Storage supports customers through online reservations and digital engagement platforms, enhancing customer experience and operational efficiency. Founded in 1972, the company is headquartered in Glendale, California. Recent major developments include a strategic $2.2 billion acquisition of Simply Self Storage from Blackstone Real Estate Income Trust, adding 127 properties with 9 million net rentable square feet across 18 states. The company has expanded its portfolio by over 54 million net rentable square feet since 2019 through acquisitions, development, and redevelopment totaling approximately $10.7 billion in investments. Public Storage also closed the acquisition of All Storage in 2025, further accelerating its growth strategy, funded by $1.75 billion in senior unsecured notes. The company actively invests in its technology platforms, achieving a digital transformation that enables 85% of customer interactions online and reduces labor hours by 30%, thereby improving operational margins. Public Storage recently joined Energy Impact Partners' $1 billion fund to advance sustainability initiatives, reflecting its commitment to environmental responsibility while executing ongoing growth plans with over $1.1 billion anticipated in investments during 2025 and a $650 million development pipeline over the next two years. Overall, Public Storage serves individual and business customers seeking secure, flexible storage solutions, leveraging a broad geographic footprint and an integrated approach to acquisitions, development, technology, and sustainability to maintain its industry leadership and competitiveness in the global self-storage market.