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.
Public Storage premium industry data and analytics
Products and Services
| Services |
|---|
| Reinsurance of Policies against Loss of Goods |
| Management of Self-Storage Facilities |
| Merchandise Sales |
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. |
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 |
Key Financial Charts
Sales Growth
Net Income Growth
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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