About the Company
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space. The company also provides insurance services for tenants and manages 307 self storage facilities for other owners. 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, an owner and operator of storage facilities in Europe, in a $5.5 billion transaction; the company was spun-out and Public Storage retains a 35% interest. Self-storage locations tend to be in dense clusters in major cities, especially near freeways and intersections.
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Fundamental Data and Insider Transactions (Quarterly data) Full Screen
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Latest News on Public Storage
Public Storage price target lowered to $323 from $342 at Goldman Sachs
Goldman Sachs lowered the firm’s price target on Public Storage (PSA) to $323 from $342 and keeps a Buy rating on the shares. The firm is ...
What's in Store for Public Storage (PSA) in Q1 Earnings?
Public Storage's (PSA) Q1 results are likely to reflect gains from high brand value and the company's solid presence in key cities, though a likely rise in vacating volumes remains a concern.
What Makes Public Storage (PSA) an Attractive Investment?
One-month return of Public Storage (NYSE:PSA) was -1.74% and its shares lost 10.84% of their value over the last 52 weeks. Public Storage (NYSE:PSA) has a market capitalization of $51.694 billion.
When Public Storage Is Burglarized, Not All Insurance Is Created Equal
And it says Public Storage keeps most of the profit. Attorney Scott Cosgrove says his clients didn't know they were buying a policy that he says was a hidden profit center for Public Storage.
Public Storage: Understanding Its Massive Rise And Sudden Decline
Public Storage is, in effect, a massive land bank tied to a cash flow generating short-term rental business. Needless to say, in a time of inflation, owning a ton of urban land is a great place to be.
Public Storage Pressures Rival With $11B Bid - The Real Deal
Public Storage made an $11 billion unsolicited bid to acquire Life Storage, the Wall Street Journal reported. The all-stock proposal was cemented with a letter sent to Life Storage management on ...
Public Storage Makes $11B Takeover Bid For Smaller Rival - Bisnow
Public Storage is the largest owner in the sector, with about 2,800 units nationwide, and has grown mostly through acquisition in recent years. Life Storage has about 1,100 units.
Public Storage to Buy Simply Self Storage From BREIT for $2.2 Billion
Public Storage, which acquires, develops, owns and operates self-storage facilities, had stakes in 2,877 facilities in 40 states, with about 205 million net rentable square feet, in the U.S. as of ...
Public Storage to Acquire Shurgard - Los Angeles Times
Public Storage Inc. agreed to buy Shurgard Storage Centers Inc. for $3.1 billion in stock, concluding a long-sought deal that would expand the nation's largest self-storage business, the companies ...
Bamboozled: Who's responsible when a Public Storage customer's stuff is ...
On March 21, 2014, Packwood rented unit No. 153 at Public Storage in Monmouth Junction at a cost of $174 per month.
Action Line: Just how safe are public storage units?
A police report said, “This public storage facility has generated 24 burglary cases in the past 12 weeks.” Police reported that this public storage facility has only one video camera.
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