PSA

Public Storage operates as the largest owner and operator of self-storage facilities in the United States. Headquartered in Glendale, California, the company functions as a real estate investment trust (REIT) and owns, acquires, develops, and operates self-storage properties where customers rent storage spaces on a month-to-month basis. As of 2024, Public Storage owns approximately 2,800 self-storage facilities across 40 states, encompassing roughly 195 million net rentable square feet. The company serves both residential customers needing temporary storage during moves or life transitions and commercial clients requiring inventory or equipment storage. Public Storage maintains a dominant market position through its extensive portfolio, national brand recognition, and strategic property locations in high-density metropolitan areas. The company employs approximately 5,500 people and generates annual revenues exceeding $3.8 billion. Public Storage has expanded its footprint through strategic acquisitions, including its 2021 purchase of ezStorage for $1.9 billion, adding facilities primarily in the Northeast. The company maintains a 35% equity interest in Shurgard Self Storage, Europe's largest self-storage provider. Public Storage differentiates itself through its customer-friendly digital rental platform, 24-hour facility access options, and property management technology that optimizes pricing and occupancy rates across its vast network of facilities.