Public Storage

Public Storage operates as a self-storage real estate investment trust, acquiring, developing, owning, and operating self-storage facilities across the United States and Western Europe. The company's core business involves leasing storage units to residential and commercial customers, generating revenue through monthly rental income and ancillary services such as insurance and merchandise sales.

As of December 31, 2025, the company owned and operated 3,533 self-storage facilities in 40 U.S. states, representing approximately 258 million net rentable square feet. The domestic portfolio comprises the primary revenue-generating segment. Additionally, Public Storage maintains a 35 percent equity interest in Shurgard Self Storage Limited, a publicly traded entity on Euronext Brussels that operates 332 self-storage facilities across seven Western European countries with approximately 18 million net rentable square feet under the Shurgard brand.

The company maintains headquarters in Frisco, Texas and employs approximately 5,770 full-time personnel to support its property management and operational activities. Public Storage is a constituent of the S&P 500 and is listed on the New York Stock Exchange.