Overview
Description
Public Storage is a prominent player in the real estate investment trust (REIT) sector, specializing in self-storage facilities. The company is one of the largest owner-operators of storage space, serving both individual and business customers across various geographical locations. As a REIT, Public Storage's primary function is to lease its storage properties, generating consistent rental income. The company's extensive portfolio is strategically distributed, catering to the demand for secure, accessible, and flexible storage solutions. Public Storage impacts the real estate and logistics sectors, providing essential infrastructure that supports the booming e-commerce industry and urban population density challenges. It offers storage units of varying sizes, accommodating diverse storage needs from household items to business inventories. Known for its robust market presence and strong financial fundamentals, Public Storage plays a significant role in the real estate market by enabling streamlined storage solutions and reflecting broader economic trends through its occupancy and rental rates. Since its establishment in 1972, Public Storage has been an integral part of the storage service industry, adapting to changing consumer and business requirements while maintaining its leadership position.
About
CEO
Mr. Joseph D. Russell Jr.
Employees
5900
Address
701 Western Avenue
2nd Floor
Glendale, 91201-2349, CA
United States
2nd Floor
Glendale, 91201-2349, CA
United States
Phone
818 244 8080
Website
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Industrial
Country
United States
MIC code
XNYS