Public Storage - Company Profile
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Business Description
Public Storage is a real estate investment trust (REIT) involved into the ownership, development, and operation of self-storage facilities and related operations. The company is the largest owner of self-storage facilities, with a presence in most major markets and 40 states. Public Storage's primary activities include offering storage spaces for lease on a month-to-month basis for personal and business use, managing insurance programs for tenants, selling merchandise at its facilities, and providing bridge lending financing to third-party self-storage owners. The company also holds a 35% interest in Shurgard Self Storage Limited, which operates self-storage facilities in seven countries in Western Europe.
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Business Segments
Overview
Acquires, owns, develops, and operates self-storage facilities in the US. Offers storage spaces for lease for business and personal use. Had presence in 40 states. Includes same store facilities and non-same store facilities.
Performance
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Overview
Includes the sale of merchandise, tenants reinsurance and third-party property management.
Performance
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