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.
Type
Public
HQ
Glendale, US
Founded
1972
Size (employees)
5,500 (est)
Public Storage was founded in 1972 and is headquartered in Glendale, US
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Key People/Management at Public Storage

Ronald Havner

Ronald Havner

Chairman of the Board and Chief Executive Officer
Joseph Russell

Joseph Russell

President
John Reyes

John Reyes

Senior Vice President and Chief Financial Officer
Lily Hughes

Lily Hughes

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

Natalia N. Johnson

Senior Vice President, Chief Human Resources Officer

Public Storage Office Locations

Public Storage has offices in Doral, Lenexa, Fredericksburg, Davis and in 292 other locations
Glendale, US (HQ)
701 Western Ave
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Public Storage Financials and Metrics

Public Storage Financials

Public Storage's revenue was reported to be $2.67 b in FY, 2017
USD

Revenue (Q1, 2018)

669.9 m

Net income (Q1, 2018)

344.4 m

EBIT (Q1, 2018)

327.6 m

Market capitalization (21-May-2018)

35.7 b

Closing share price (21-May-2018)

204.9

Cash (31-Mar-2018)

363 m

EV

38.2 b
Public Storage's current market capitalization is $35.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2 b2.2 b2.4 b2.6 b2.7 b

Revenue growth, %

11%8%8%

General and administrative expense

82.9 m

Operating expense total

82.9 m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Revenue

512 m669.9 m

General and administrative expense

17.7 m31.5 m

Operating expense total

17.7 m31.5 m

Depreciation and amortization

118 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

19.2 m187.7 m104.3 m183.7 m433.4 m

Accounts Receivable

Inventories

Total Assets

9.9 b9.8 b9.8 b10.1 b10.7 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

57 m101.1 m388 m98.3 m152.8 m20.3 m35.7 m305.7 m260.1 m57.2 m120.9 m358.3 m694.2 m363 m

Total Assets

9.1 b9.7 b9.9 b9.6 b9.8 b9.6 b9.7 b10.1 b10 b9.9 b10.1 b10.4 b10.8 b10.7 b

Short-term debt

100.1 m88.2 m75 m71.6 m58.7 m47.7 m55.7 m1.4 b1.4 b

Long-term debt

100.1 m88.2 m75 m71.6 m58.7 m47.7 m55.7 m1.4 b1.4 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.1 b1.1 b1.3 b1.5 b1.4 b

Depreciation and Amortization

426 m433.3 m454.5 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

759.6 m228.3 m506.6 m801.5 m283.3 m611.3 m952.4 m317.3 m675.7 m1 b344 m699.2 m1.1 b344.4 m

Depreciation and Amortization

109 m215.5 m326.5 m107.1 m213.6 m319.7 m105.1 m212.1 m321.6 m110.9 m221.1 m334.4 m118 m

Cash From Operating Activities

1 b330.7 m726 m1.2 b369.2 m826 m1.3 b441 m964.7 m1.5 b459.1 m965.3 m1.5 b458.5 m

Cash From Investing Activities

(546.7 m)173.1 m101.7 m9.8 m(94.1 m)(188 m)(286.1 m)(162.7 m)(287.8 m)(455.6 m)(118.1 m)(245.4 m)(397.2 m)(114.9 m)
USDY, 2018

EV/EBIT

116.7 x

EV/CFO

83.4 x

Financial Leverage

1.2 x
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Public Storage News and Updates

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