- 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
- Aug 13, 2020
- Business
- Public Storage (NYSE: PSA), a member of the S&P 500, is the world's largest owner, operator and developer of self-storage facilities, which it acquires, develops and manages primarily in the United States and through equity interests in Europe; the company offers self-storage units of varying sizes and features including climate-controlled, drive-up access and month-to-month rentals to individual and business customers, alongside moving and packing supplies such as boxes, locks and tape, tenant reinsurance for stored goods, third-party property management services and merchandise sales. Founded in 1972 and headquartered in Glendale, California, Public Storage operates approximately 3,400 wholly-owned facilities across 40 U.S. states with over 250 million net rentable square feet, plus a 35% common equity interest in Shurgard Self Storage, which manages 321 facilities with about 18 million net rentable square feet in seven Western European countries. The company targets residential movers, renovators, students, businesses needing excess inventory storage and vehicle owners for car, RV and boat storage, generating revenue mainly from rental income, tenant insurance and ancillary operations. In 2025, Public Storage accelerated its growth with over $1.3 billion in wholly-owned acquisitions including 74 facilities totaling 5.2 million square feet across 17 states for $814.6 million, new development openings adding 0.7 million square feet in the first quarter alone and a $665 million pipeline for further expansions in states such as Florida, California and Texas; it also submitted a non-binding indicative offer with Ki Corporation to acquire Abacus Storage King in Australia and New Zealand, aiming for a 50% stake in 126 operational sites to expand internationally.