Public Storage (PSA)
Public Storage operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Frisco, TX, US. The stock last traded at $324.97, up 0.77% on the session, giving a market capitalisation of $60.60B. On trailing twelve-month figures it carries a trailing P/E of 30.92, a net margin of 41.8%. Its beta of 0.94 implies it has historically moved less than the broad market.
Public Storage (PSA), an esteemed Real Estate Investment Trust (REIT) and a constituent of both the S&P 500 and FT Global 500 indices, concentrates its operations on the acquisition, development, ownership, and management of self-storage properties. By September 30, 2020, the company's substantial holdings included 2,504 self-storage facilities located across 38 U.S. states, collectively providing around 171 million net rentable square feet. Additionally, Public Storage held an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR), an entity that owned and operated 239 self-storage sites under the Shurgard brand in seven Western European countries, encompassing approximately 13 million net rentable square feet. Concurrently, it maintained an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), which, as of the same reporting date, managed roughly 28 million rentable square feet of commercial properties. The company's main office is situated in Glendale, California.
Public Storage is most often compared with the following Real Estate names: