- 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
- Jan 5, 2022
- Business
- Public Storage (NYSE: PSA), the world's largest owner, operator, and developer of self-storage facilities, acquires, develops, owns, and manages approximately 3,432 self-storage properties across 40 U.S. states with 250 million net rentable square feet, plus a 35% equity interest in Shurgard Self Storage Ltd., which operates 321 facilities with 18 million net rentable square feet in seven Western European countries; the company provides storage spaces of varying sizes and features on monthly leases for personal, business, and vehicle needs, including climate-controlled units, drive-up access, month-to-month rentals, online reservations, and payments via its app, alongside sales of moving and packing supplies such as boxes, tape, locks, and bubble wrap, tenant reinsurance products covering stored goods against damage or loss, third-party property management services, and a merchandise business. Founded in 1972 and headquartered in Glendale, California, Public Storage serves roughly two million customers nationwide and internationally through its Shurgard brand, targeting individuals for moving or renovation storage, businesses for excess inventory, and students for temporary needs, with a strong presence in major U.S. metropolitan areas and Europe. In recent developments, the company acquired 49 self-storage facilities adding 3.4 million net rentable square feet for $511.4 million through the first nine months of 2025, plus 16 additional properties for $162.3 million in Q2 2025, with plans for further acquisitions totaling over $481.9 million and total investments exceeding $1.1 billion in 2025 to enhance customer experience and operational growth; it also completed an $875 million public offering of unsecured senior notes, raised its full-year outlook amid stabilizing operations, and explores expansion into Australia and New Zealand via potential partnerships with Abacus Storage King and Kai Corporation, while appointing Luke Petherbridge as an independent trustee.