Company

Public Storage

Headquarters: Glendale, CA, United States

Founded: 1972

Employees: 5,800

CEO: Mr. Joseph D. Russell Jr.

show_chart NYSE: PSA

Market Cap

$69.31 Billion

USD as of April 1, 2022

history Market Cap History

Company Description

Public Storage is a self-storage company operating as a real estate investment trust. Public Storage is the largest self-storage company in the United States and the world, managing more than 2,200 self-storage facilities in the United States, and seven European countries, where it operates under the Shurgard brand.

Public Storage market capitalization over time

Evolution of Public Storage market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Public Storage

Detailed Description

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.

Wikipedia Introduction

Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust (REIT). It is the largest brand of self-storage services in the US. In 2008, it was the largest of four publicly traded storage REITs. There are more than 2,200 Public Storage self-storage locations in the US, Canada and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services. As a REIT, it is owned by real estate investors, who receive more than 90 percent of the company's profits as a return-on-investment. Public Storage Inc. was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It grew to 1,000 locations by 1989, using funding from investors in real estate limited partnerships (RELPs). The private company was re-structured as a publicly traded REIT in 1995, when Storage Equities merged with Public Storage and adopted its name. In 2006 it acquired Shurgard Storage Centers in a $5.5 billion transaction. Shurgard has since been spun-out in to a separate publicly traded entity, with Public Storage retaining 36.6% of the company.

Source: Wikipedia, retrieved on Feb. 18, 2021, 3:53 p.m.

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Key People

Founder(s): B. Wayne Hughes Kenneth Volk Jr.

B. Wayne Hughes, founder Ronald L. Havner, Jr., Chairman of the Board Joseph D. Russell, Jr., President and CEO

Financials

Revenue: US$2.56 billion (2016)

Operating income: US$1.37 billion (2016)

Net income: US$1.46 billion (2016)


Total assets: US$10.13 billion (2016)

Total equity: US$4.37 billion (2016)

Stocks & Indices

Public Storage has the following listings and related stock indices.


Stock: NYSE: PSA

Stock: Bovespa: P1SA34

Stock: FSX: PUP

Stock: NYSE: PSA.PR.H

Stock: NYSE: PSA.PR.I

Stock: NYSE: PSA.PR.L

Stock: NYSE: PSA.PR.M

Stock: NYSE: PSA.PR.N

Stock: NYSE: PSA.PR.O

Stock: NYSE: PSA.PR.P

Stock: NYSE: PSA.PR.Q

Stock: NYSE: PSA-E

Stock: NYSE: PSA-F

Stock: NYSE: PSA-G

Stock: NYSE: PSA-H

Stock: NYSE: PSA-J

Stock: NYSE: PSA-K

Details

Headquarters:

701 Western Avenue

Glendale, CA 91201

United States

Phone: 818-244-8080