Public Storage (PSA-PO)
Public Storage operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Frisco, TX, US. The stock last traded at $14.85, down 0.05% on the session, giving a market capitalisation of $60.09B. 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, a prominent Real Estate Investment Trust (REIT) and member of both the S&P 500 and FT Global 500 indices, primarily engages in the acquisition, development, ownership, and operation of self-storage facilities. As of September 30, 2020, its extensive holdings included: (i) 2,504 self-storage properties spread across 38 U.S. states, encompassing roughly 171 million net rentable square feet; (ii) an approximate 35% common equity stake in Shurgard Self Storage SA (Euronext Brussels:SHUR), which operates 239 self-storage facilities under the "Shurgard" brand across seven Western European nations, accounting for about 13 million net rentable square feet; and (iii) a roughly 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), an entity that owned and managed approximately 28 million rentable square feet of commercial space. The company's corporate headquarters are located in Glendale, California.
Public Storage is most often compared with the following Real Estate names: