Public Storage PSA

Overview

Public Storage stands as a leading entity in the self-storage sector, marking its presence both in the United States and internationally. As a significant player in the real estate investment trust (REIT) market, Public Storage has cemented its position by being a part of prestigious indexes such as the S&P 500 and FT Global 500. The company's strategic focus on acquiring, developing, owning, and operating self-storage facilities has resulted in a vast network. By the end of December 31, 2023, Public Storage's extensive portfolio included interests in 3,044 self-storage facilities across 40 states in the United States, encompassing approximately 218 million net rentable square feet. Additionally, its international presence is bolstered through a 35% common equity interest in Shurgard Self Storage Limited, a notable player in the European market. Shurgard operates 275 self-storage facilities across seven Western European countries, with around 15 million net rentable square feet under its brand. Public Storage's headquarters, strategically located in Glendale, California, serves as the central hub for its expansive operations.

Products and Services

• Self-storage Facilities in the United States

  Public Storage owns and operates a vast array of self-storage facilities across 40 states in the United States, with a collective reach of approximately 218 million net rentable square feet. This extensive network ensures a wide range of storage solutions for personal, business, and vehicle needs, catering to a diverse customer base seeking secure and accessible storage options.

• Equity Interest in Shurgard Self Storage Limited

  Through its 35% common equity interest in Shurgard Self Storage Limited, Public Storage extends its footprint into the European self-storage market. Shurgard, listed on Euronext Brussels (SHUR), owns and operates 275 self-storage facilities across seven Western European nations. This strategic investment allows Public Storage to offer approximately 15 million net rentable square feet of storage space in Europe, operated under the reputed Shurgard brand, thus providing a seamless storage experience for customers in both the US and European markets.