- 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 10, 2020
- Business
- Public Storage (NYSE:PSA-PO), a member of the S&P 500, operates as a leading real estate investment trust that acquires, develops, owns and manages self-storage facilities; offers climate-controlled, drive-up, indoor and vehicle storage units ranging from 5x5 feet to 10x25 feet capable of accommodating cars, RVs and boats; provides tenant insurance, packing supplies, truck rentals and third-party property management services; and holds a 35% equity interest in Shurgard Self Storage Ltd., which manages 323 facilities across seven Western European countries with approximately 18 million net rentable square feet. Headquartered in Glendale, California, the company was founded in 1972 and serves approximately two million customers through more than 3,300 owned or operated self-storage properties encompassing roughly 254 million net rentable square feet across 40 U.S. states, with a strategic focus on high-density urban markets. Recent developments include the acquisition of 25 self-storage facilities adding significant rentable space in 2025, over $785 million in closed or contracted acquisitions year-to-date through mid-2025 and a $1.1 billion pipeline of further acquisitions and developments; the opening of three new facilities and expansion projects contributing 0.7 million net rentable square feet at a cost of $144.4 million during Q1 2025; and a proposed $1.9 billion joint takeover bid with Ki Corp. for Abacus Storage King in April 2025 to expand into Australia and New Zealand.