Public Storage Depositary Share (PSA.PR.R)

Overview

Public Storage stands out as a significant player in the real estate investment trust (REIT) sector, recognized for its influential position within both the S&P 500 and FT Global 500 indices. Its core business model focuses on the acquisition, development, ownership, and operation of self-storage facilities. As of December 31, 2023, Public Storage has expanded its reach across the United States with interests in 3,044 self-storage facilities spread over 40 states, covering approximately 218 million net rentable square feet. Its strategic investments extend beyond the U.S. borders through a 35% common equity interest in Shurgard Self Storage Limited, a key player in the European self-storage market. Shurgard operates a network of 275 facilities across seven Western European countries, contributing another 15 million net rentable square feet to Public Storage's portfolio. The company proudly bases its operations in Glendale, California, where it continues to grow and innovate within the storage industry.

Products and Services

• Self-Storage Facilities in the U.S.

Public Storage offers extensive self-storage solutions across the United States, encompassing over 3,044 facilities in 40 states. These facilities are designed to meet a wide range of personal and business storage needs, providing secure, convenient, and accessible storage options with a total of approximately 218 million net rentable square feet. The services cater to varying customer requirements, from storing personal belongings during a move to housing excess inventory for businesses.

• Common Equity Interest in Shurgard Self Storage Limited

Expanding its market presence into Europe, Public Storage holds a 35% common equity interest in Shurgard Self Storage Limited, which is publicly traded on Euronext Brussels under the ticker symbol SHUR. Shurgard adds 275 self-storage facilities to the company’s portfolio, located in seven Western European countries and offering approximately 15 million net rentable square feet. These facilities operate under the Shurgard brand and provide similar storage solutions to those found in the U.S., adapted to meet the specific needs of the European market.