PSA 📈 Public Storage - Overview

Public Storage, a prominent member of the S&P 500, operates as a Real Estate Investment Trust (REIT) with a primary focus on acquiring, developing, owning, and operating self-storage facilities. This strategic approach enables the company to capitalize on the growing demand for storage solutions, driven by factors such as urbanization, migration, and the increasing need for flexible storage options. As of September 30, 2024, the company's portfolio comprises an extensive network of 3,333 self-storage facilities, spanning across 40 states in the United States, with a substantial approximately 241 million net rentable square feet of storage space.

In addition to its domestic operations, Public Storage has a significant international presence through its 35% common equity interest in Shurgard Self Storage Limited, a European self-storage company listed on Euronext Brussels. This investment provides Public Storage with exposure to the European market, where Shurgard operates 315 self-storage facilities across seven Western European nations, offering approximately 17 million net rentable square feet of storage space under the Shurgard brand. The company's headquarters, located in Glendale, California, serves as the central hub for its operations, overseeing the management of its vast portfolio of self-storage facilities. Further information about the company can be found on its website, https://www.publicstorage.com, and its securities are identified by the ISIN US74460D1090, classified as common stock within the Self-Storage REITs sub-industry.