Public Storage (PSA-PJ)
Public Storage operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Frisco, TX, US. The stock last traded at $18.01, up 0.64% on the session, giving a market capitalisation of $59.90B. 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), included in both the S&P 500 and FT Global 500 indices. Its core business involves the acquisition, development, ownership, and operation of self-storage facilities. By September 30, 2020, its portfolio included interests in 2,504 self-storage properties located across 38 U.S. states, collectively offering approximately 171 million net rentable square feet. Internationally, Public Storage held about a 35% common equity share in Shurgard Self Storage SA (Euronext Brussels:SHUR), which managed 239 self-storage sites totaling around 13 million net rentable square feet in seven Western European countries, operating under the "Shurgard" name. Additionally, the company maintained an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), responsible for owning and operating roughly 28 million rentable square feet of commercial space as of the same date. The corporate headquarters are located in Glendale, California.
Public Storage is most often compared with the following Real Estate names: