Public Storage (PSA-PQ)
Public Storage operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Frisco, TX, US. The stock last traded at $14.99, down 0.07% on the session, giving a market capitalisation of $59.97B. 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 constituent of both the S&P 500 and FT Global 500. Its core business revolves around the acquisition, development, ownership, and management of self-storage properties. As of September 30, 2020, the company boasted a significant domestic presence, managing 2,504 self-storage facilities spread across 38 U.S. states, encompassing roughly 171 million net rentable square feet. Furthermore, Public Storage held an approximate 35% common equity stake in Shurgard Self Storage SA (Euronext Brussels:SHUR), which oversaw 239 self-storage locations operating under the 'Shurgard' brand throughout seven Western European countries, accounting for approximately 13 million net rentable square feet. It also maintained about a 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), which, at the same date, owned and operated approximately 28 million rentable square feet of commercial real estate. The corporate headquarters for Public Storage are situated in Glendale, California.
Public Storage is most often compared with the following Real Estate names: