Public Storage (PSA-PH)
Public Storage operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Frisco, TX, US. The stock last traded at $19.90, up 0.43% on the session, giving a market capitalisation of $41.15B. On trailing twelve-month figures it carries a trailing P/E of 27.40, a net margin of 41.8%. Its beta of 0.95 implies it has historically moved less than the broad market.
Public Storage is a prominent Real Estate Investment Trust (REIT), recognized as a member of both the S&P 500 and FT Global 500 indices. Its core business involves the acquisition, development, ownership, and operation of self-storage facilities. As of September 30, 2020, the company held interests in 2,504 self-storage sites across 38 U.S. states, encompassing approximately 171 million net rentable square feet. Furthermore, it possessed roughly a 35% common equity stake in Shurgard Self Storage SA (Euronext Brussels:SHUR), which operated 239 self-storage facilities under the "Shurgard" brand in seven Western European countries, totaling about 13 million net rentable square feet. Public Storage also maintained an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), an entity that owned and managed around 28 million rentable square feet of commercial space by the same date. The corporate headquarters for Public Storage is located in Glendale, California.
Public Storage is most often compared with the following Real Estate names: