Public Storage (PSA-PI)
Public Storage operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Frisco, TX, US. The stock last traded at $18.68, down 0.11% on the session, giving a market capitalisation of $59.31B. On trailing twelve-month figures it carries a trailing P/E of 30.79, 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. Its primary operations encompass the acquisition, development, ownership, and management of self-storage properties. As of September 30, 2020, the company held a substantial portfolio: this included direct interests in 2,504 self-storage facilities spanning 38 U.S. states, providing approximately 171 million net rentable square feet. Furthermore, Public Storage maintained an approximate 35% common equity stake in Shurgard Self Storage SA (Euronext Brussels:SHUR), which operated 239 self-storage sites under the "Shurgard" brand, totaling about 13 million net rentable square feet across seven Western European nations. The company also possessed roughly a 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), a firm that owned and managed approximately 28 million rentable square feet of commercial space as of the same reporting date. Public Storage's corporate headquarters are located in Glendale, California.
Public Storage is most often compared with the following Real Estate names: