Company

Public Storage

Headquarters: Glendale, CA, United States

Founded: 1972

Employees: 5,800

CEO: Mr. Joseph D. Russell Jr.

NYSE: PSA -1.10%

Market Cap

$53.43 Billion

USD as of Jan. 1, 2024

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.

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.

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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)

Details

Headquarters:

701 Western Avenue

Glendale, CA 91201

United States

Phone: 818-244-8080