Public Storage PSA

Company Overview

Public Storage is a real estate investment trust (REIT) specializing in the ownership, development, and operation of self-storage facilities. The company operates within the self-storage real estate and commercial real estate services industries and generates the vast majority of its revenue from rental income paid by individual and business customers leasing storage units. Its primary customers include residential users, small businesses, and commercial clients seeking short- and long-term storage solutions.

Founded in 1972, Public Storage has grown into the largest self-storage owner and operator in the United States by number of facilities. The company is widely recognized for its scale, brand visibility, and standardized operating model, which together provide cost efficiencies and pricing power. Over time, it expanded beyond wholly owned facilities to include participation in ancillary self-storage-related businesses, reinforcing its position as a market leader in a fragmented industry.