Public Storage

A real estate investment trust headquartered in Frisco, Texas, Public Storage acquires, develops, owns, and operates self-storage facilities. The company's primary revenue source is rental income from tenants leasing storage units at its portfolio of properties. As of December 31, 2025, the company owned and operated 3,533 self-storage facilities across 40 U.S. states, encompassing approximately 258 million net rentable square feet.

Beyond its domestic operations, Public Storage maintains a significant international presence through a 35% equity interest in Shurgard Self Storage Limited, a publicly listed REIT on Euronext Brussels. Shurgard operates 332 self-storage facilities across seven Western European countries under the Shurgard brand, with approximately 18 million net rentable square feet. This investment provides exposure to the European self-storage market while maintaining operational separation.

The company employs approximately 5,770 full-time employees and is a constituent of the S&P 500 index. Public Storage was incorporated in Maryland and is listed on the New York Stock Exchange.