Should You Invest In Public Storage?

Public Storage operates as a real estate investment trust (REIT) primarily with the United States, Canada, and Europe. The company acquires, develops, owns, and operates self-storage facilities. Founded in 1972, Public Storage has its headquarters in Glendale, California. Public Storage operates its business through four segments, including Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB), and Investment in Shurgard. The company offers storage spaces for lease for both personal and business use, primarily on a month-to-month basis. As of 30 September 2021, Public Storage holds interests in 2,678 self-storage facilities located in 39 states with approximately 186 million net rentable square feet in the United States. The company also has approximately 35% common equity interest in Shurgard Self-Storage SA, which operated 247 self-storage facilities in Western Europe, and an approximate 42% common equity interest in PS Business Parks, Inc., which owns and operates commercial space. Listed on the NYSE, Public Storage is available under the ticker PSA. As of December 2021, Public Storage is part of the S&P 500 index and included as a member of the FT Global 500. On 2 December 2021, the company announced the acquisition of All Storage, a self-storage company, in a deal for $1.5bn. This acquisition adds 56 self-storage properties primarily in the Dallas-Fort Worth area to the Public Storage portfolio. Track the share price of PSA by adding it to your eToro watchlist.