- CEO
- H. Thomas Boyle
- Full Time Employees
- 5,770
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- 701 Western Avenue Frisco TX United States of America 91201-2349
- IPO Date
- Jun 8, 2021
- Business
- Public Storage (NYSE: PSA), a leading self-estate investment trust (REIT) and S&P 500 member founded in 1972 and headquartered in Glendale, California, acquires, develops, owns, and operates self-storage facilities; provides tenant reinsurance insurance products covering stored goods against damage or loss; sells moving and packing supplies including boxes, tape, locks, and related merchandise; manages third-party self-storage properties for other owners; and holds a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which operates facilities under the Shurgard brand. The company owns and/or operates approximately 3,500 self-storage facilities containing over 250 million net rentable square feet across 40 U.S. states, with additional exposure to seven Western European countries through its Shurgard investment; it serves individual consumers needing temporary storage for moving, renovations, or life transitions, as well as businesses requiring excess inventory space. Public Storage maintains the largest brand and market share in the U.S. self-storage industry, emphasizing climate-controlled units, drive-up access, month-to-month rentals, online reservations, and advanced security features. In recent developments, Public Storage completed acquisitions of 49 facilities totaling 3.4 million square feet for $511.4 million in the third quarter of 2025 and year-to-date secured or completed deals for 6.1 million square feet at approximately $934.5 million; it advanced development and expansion projects adding 1.1 million square feet year-to-date with a pipeline for 3.9 million square feet at $649.2 million; raised its 2025 financial outlook amid stronger net operating income and core funds from operations growth; issued $875 million in unsecured senior notes and €425 million in euro-denominated senior notes to fund acquisitions, repay debt including €242 million maturing in November 2025, and support general corporate purposes; and withdrew a non-binding indicative offer alongside Ki Corporation to acquire Abacus Storage King (ASX: ASK) following due diligence, while pursuing broad-based acquisition opportunities across geographies and seller types.