Public Storage

# Public Storage

A self-storage REIT, Public Storage owns and operates self-storage facilities across the United States and has a significant equity stake in a European competitor. As of September 2025, the company owned and operated 3,491 self-storage facilities in 40 U.S. states, representing approximately 254 million net rentable square feet. The company also holds a 35% common equity interest in Shurgard Self Storage Limited, which operates 323 facilities across seven Western European countries under the Shurgard brand, adding approximately 18 million net rentable square feet of European capacity.

The company generates revenue primarily through rental income from self-storage units leased to residential and commercial customers. Its domestic portfolio constitutes the core business segment, while the Shurgard investment provides geographic diversification and exposure to European self-storage market dynamics.

Public Storage operates with approximately 5,770 full-time employees and maintains headquarters in Glendale, California. The company is incorporated in Maryland and trades on the New York Stock Exchange as a member of the S&P 500.