Public Storage
PSA-PR
New York Stock Exchange15.30
USD
-0.08
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Public Storage
PSA-PR
(New York Stock Exchange)
Recent
price
15.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Public Storage operates as a real estate investment trust (REIT) primarily engaged in the acquisition, development, ownership, and management of self-storage facilities. Founded in 1972 and headquartered in Glendale, California, the company is the largest owner and operator of self-storage properties in the United States, managing over 3,300 facilities with approximately 221 million net rentable square feet. Its core products and services include rental of self-storage units for personal and business use, insurance services for tenants, and third-party management services under its PS Advantage® platform. Additionally, Public Storage offers moving supplies, boxes, and truck rentals through its subsidiary PS Orangeco. The company serves nearly two million customers across the U.S., targeting individual consumers, small businesses, and institutional clients. Recent major developments include the 2023 acquisition of Simply Self Storage from affiliates of The Blackstone Group for $2.2 billion, adding 127 properties with about 9 million rentable square feet, significantly expanding Public Storage's footprint in fast-growing U.S. markets. In 2025, the company continued strategic growth by acquiring 49 self-storage facilities totaling 3.4 million net rentable square feet for $511.4 million and initiated multiple expansion projects expected to add 3.9 million net rentable square feet, with investments focused on key markets such as Florida, California, and Texas. Public Storage is also pursuing international growth, exemplified by its partnership and due diligence in a potential combination with Abacus Storage King to enter the Australian self-storage market. Technological innovation remains a priority, with integration of IoT-enabled climate control systems to enhance customer satisfaction and operational efficiency. The company's strategic focus remains on expanding its property portfolio through acquisitions, development, and redevelopment, with an emphasis on high-growth regions and sustainable business practices. Public Storage's common and preferred stocks are traded on the New York Stock Exchange, and the firm is a constituent of the S&P 500 and FT Global 500 indices, underscoring its stature in the real estate and self-storage industries. This comprehensive service and product offering solidifies Public Storage's market-leading position domestically while positioning it for selective international expansion.