OverviewSuggest Edit

Public Storage built its first self-storage facility in 1972. Today it operates over 2,200 unique and diverse company-owned locations in the United States and Europe, totaling more than 142 million net rentable square feet of real estate. Its PS Business Parks interest adds another 28 million(approx.) rentable square feet of commercial and industrial space. Based on number of tenants, Public Storage is among the largest landlords in the world. Given its long and successful history, its presence in major markets, its customer focus and its leadership position in the self-storage industry, Public Storage is a respected and trusted operator of self-storage facilities. Public Storage is a member of the S&P 500 and FT Global 500. Common and preferred stock for Public Storage trade on the New York Stock Exchange.
TypePublic
Founded1972
HQGlendale, CA, US
Websitepublicstorage.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)5,900(+6%)
Job Openings57
Revenue (FY, 2019)$2.8 B(+4%)
Share Price (Jan 2021)$224.4 (+2%)
Cybersecurity ratingBMore

Key People/Management at Public Storage

Ronald L. Havner

Ronald L. Havner

Chairman
Joseph D. Russell

Joseph D. Russell

President, Chief Executive Officer,Board Member
Tom Boyle

Tom Boyle

Senior Vice President, Chief Financial Officer
Nathaniel A. Vitan

Nathaniel A. Vitan

Senior Vice President, Chief Legal Officer and Corporate Secretary
Natalia N. Johnson

Natalia N. Johnson

Senior Vice President, Chief Human Resources Officer
Uri P. Harkham

Uri P. Harkham

Board Member
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Public Storage Office Locations

Public Storage has an office in Glendale
Glendale, CA, US (HQ)
701 Western Ave
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Public Storage Financials and Metrics

Public Storage Revenue

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Public Storage's revenue was reported to be $2.85 b in FY, 2019
USD

Revenue (Q3, 2020)

730.7m

Gross profit (Q3, 2020)

524.6m

Gross profit margin (Q3, 2020), %

71.8%

Net income (Q3, 2020)

325.8m

Market capitalization (15-Jan-2021)

39.2b

Closing stock price (15-Jan-2021)

224.4

Cash (30-Sept-2020)

294.0m

EV

41.4b
Public Storage's current market capitalization is $39.2 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

672.0m823.8m939.3m1.1b1.1b1.3b1.5b1.4b1.7b1.5b

Depreciation and Amortization

354.0m358.4m357.8m387.4m437.1m426.0m433.3m454.5m483.6m512.9m

Cash From Operating Activities

1.1b1.2b1.3b1.4b1.6b1.7b1.9b2.0b2.1b2.1b

Capital Expenditures

(77.5m)(69.8m)(67.7m)(71.3m)(79.8m)(65.6m)(81.4m)(122.2m)(140.1m)
USDQ1, 2010

Financial Leverage

1.1 x
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Public Storage Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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Public Storage Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Public Storage Online and Social Media Presence

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Public Storage News and Updates

Elliott Buys Stake in Public Storage, Takes Six Board Seats

Elliott Buys Stake in Public Storage, Takes Six Board Seats

Public Storage A Top 25 Dividend Giant With 3.41% Yield

Public Storage has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $13317911.22B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 3.41% yield

Public Storage only bidder left for National Storage with $1.25 billion bid

U.S.-based Public Storage emerged on Friday as the likely buyer of Australia's largest self-storage operator National Storage REIT with its current A$1.89 billion ($1.25 billion) offer, after two rivals dropped out of the race.

Public Storage Billionaire Quietly Donated $360 Million to USC

Public Storage Billionaire Quietly Donated $360 Million to USC

Public Storage Blogs

Doll Storage Tips to Keep Your Toys Looking Young

Don’t let the sweet smiles of your favorite tea party guests fade with age—or misguided doll storage techniques. After all, dolls have fragile skin and outfits that can be spoiled by the wrong containers. “Plastic and twist ties can cause harm and degrade dolls,” said Bradley Justice, owner of The S…

How to Pack Lamps

Some lamps need a little extra love during a move. The fanciest require custom boxes to suspend hundreds of individually-wrapped crystals within. Fortunately, most of us don’t have to go to that effort, or expense. But we can all benefit from a little expert advice on how to pack lamps, because ligh…

Boston Storage Units Added to Serve a Growing Need

Public Storage just added two new climate controlled storage facilities in the Boston area, boosting our Beantown presence by just over 7% in a single day! Public Storage 1901 Revere Beach Pkwy, Everett, MA 02149 and Public Storage 671 Washington St., Quincy, MA 02169 were added to offer a total of …

Paddleboard Storage Ideas

Crossing the glassy water at sunset on a paddleboard is a great way to put the workday behind you as you push farther from shore. But the sport has its downside: the equipment is huge and expensive, way too big to easily fit under a bed or at the back of a crowded closet. Let […] The post Paddleboar…

How to Organize a Laundry Room

Many of us don’t even bother considering how to organize a laundry room. We see the space as just a catch-all utility area: a place to dump clothes, tools, boxes, and miscellaneous junk. For those of us with busy schedules, it can also be fairly common to see a mountainous pile of clean, dirty and […

Murfreesboro Storage Units Added Near Nashville

New climate controlled storage units are for rent in the rapidly growing suburb of Murfreesboro, Tennessee, starting in August 2019 at the newest Public Storage in the country. We bought Public Storage 863 Fortress Blvd., Murfreesboro, TN 37128 to offer just over 800 storage units to residents in th…
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Public Storage Frequently Asked Questions

  • When was Public Storage founded?

    Public Storage was founded in 1972.

  • Who are Public Storage key executives?

    Public Storage's key executives are Ronald L. Havner, Joseph D. Russell and Tom Boyle.

  • How many employees does Public Storage have?

    Public Storage has 5,900 employees.

  • What is Public Storage revenue?

    Latest Public Storage annual revenue is $2.8 b.

  • What is Public Storage revenue per employee?

    Latest Public Storage revenue per employee is $482.5 k.

  • Who are Public Storage competitors?

    Competitors of Public Storage include Manglam, Britannia Parking and Grand Avenue Realty & Lending.

  • Where is Public Storage headquarters?

    Public Storage headquarters is located at 701 Western Ave, Glendale.

  • Where are Public Storage offices?

    Public Storage has an office in Glendale.

  • How many offices does Public Storage have?

    Public Storage has 1 office.