Public Storage
PSA-PL
New York Stock Exchange16.81
USD
-0.13
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Public Storage
PSA-PL
(New York Stock Exchange)
Recent
price
16.81
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Public Storage (NYSE: PSA), founded in 1972 and headquartered in Glendale, California, operates as a leading real estate investment trust (REIT) that acquires, develops, owns, and manages self-storage facilities, offering climate-controlled and non-climate-controlled storage units in a variety of sizes to residential and commercial customers; the company also provides tenant insurance services and third-party management for self-storage properties owned by others. As the world's largest owner, operator, and developer of self-storage facilities, Public Storage owns or operates approximately 3,432 facilities across 40 U.S. states with 250 million net rentable square feet, plus a 35% equity interest in Shurgard Self Storage Limited, which manages 321 facilities with 18 million net rentable square feet in seven Western European countries including the United Kingdom, France, and the Netherlands. The company serves over two million customers through its extensive network, emphasizing customer-focused operations with features such as free reservations, no long-term commitments, convenient access hours, and an eRental app for contactless leasing and gate access. In recent developments, Public Storage accelerated its acquisition strategy in 2025, purchasing 74 self-storage facilities across 17 states totaling 5.2 million net rentable square feet for $814.6 million during the first nine months, including 49 facilities in the third quarter alone; it also advanced its ground-up development pipeline with 3.9 million square feet under construction or expansion at a projected cost of $649 million as of Q3 2025, alongside ongoing investments in redevelopment to add capacity in high-demand markets. These initiatives build on prior expansions, such as the 2021 $1.8 billion acquisition of ezStorage adding 48 properties and 4.2 million net rentable square feet in the Mid-Atlantic region, and continue to support portfolio growth amid stabilizing industry fundamentals and favorable acquisition pricing. Public Storage maintains a strong balance sheet with low leverage, enabling accretive investments, and reported solid Q3 2025 results including same-store revenue growth driven by higher occupancy and rental rates.