Public Storage - Company Profile

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Public Storage is a real estate investment trust (REIT). It carries out acquisition, development, ownership, and operation of self-storage facilities. The company's main activities include providing self-storage spaces for lease on a month-to-month basis for personal and business use. Public Storage offers a range of services, including tenant reinsurance, third-party self-storage management, and bridge lending to third-party self-storage owners. Public Storage serves a diverse customer base, offering storage solutions for personal belongings, business inventory, vehicles, and boats. The company manages insurance programs for its customers and sells merchandise such as locks and cardboard boxes at its facilities. The company has business operations in Texas, Florida, Illinois, Georgia, Maryland, Colorado, Arizona, Indiana, Nevada, Kansas, Ohio, Minnesota, and North Carolina. Public Storage is headquartered in Glendale, California, the US.

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Headquarters United States of America

Address 701 Western Avenue, Glendale, California, 91201-2349


Telephone 1 818 2448080

No of Employees 5,770

Industry Construction

Ticker Symbol & Exchange PSA (NYSE)

Revenue (2024) $4.8B 2.7% (2024 vs 2023)

EPS XYZ

Net Income (2024) XYZ -13.9% (2024 vs 2023)

Market Cap* $54.6B

Net Profit Margin (2024) XYZ -16.2% (2024 vs 2023)

* As of and is in US$
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Public Storage premium industry data and analytics

1

Construction Projects

Access new construction projects and identify projects matching key criteria such as location, stage, sector, size, funding  and many others.

1

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Public Storage (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Public Storage’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Services
Reinsurance of Policies against Loss of Goods
Management of Self-Storage Facilities
Merchandise Sales
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2026 Contracts/Agreements In March, the company entered into an agreement to acquire National Storage Affiliates for US$10.5 billion.
2026 Contracts/Agreements In March, the company and Welltower launched a strategic data science partnership to leverage Welltower’s AI-powered capital allocation models alongside Public Storage’s operational analytics.
2025 Others In August, the company and KI canceled their non-binding offer to acquire Abacus Storage King.
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Competitor Comparison

Key Parameters Public Storage Prologis Inc U-Haul Holding Co Extra Space Storage Inc CubeSmart
Headquarters United States of America United States of America United States of America United States of America United States of America
City Glendale San Francisco Reno Salt Lake City Malvern
State/Province California Maryland Nevada Utah Pennsylvania
No. of Employees 5,770 2,802 16,830 8,393 3,121
Entity Type Public Public Public Public Public
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Learn more
Executives
Name Position Board Since Age
Ronald L. Havner, Jr. Chairman Executive Board 2011 67
Joseph D. Russell, Jr. Chief Executive Officer; President; Trustee Executive Board 2019 66
H. Thomas Boyle Chief Financial Officer; Chief Investment Officer; Senior Vice President Senior Management 2023 43
Chris C. Sambar Chief Operating Officer; Senior Vice President Senior Management 2024 51
Nathaniel A. Vitan Chief Legal Officer; Secretary; Senior Vice President Senior Management 2019 53
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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