Public Storage - Company Profile
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Public Storage is a real estate investment trust (REIT). It carries out acquisition, development, ownership, and operation of self-storage facilities. The company’s facilities offer storage spaces for lease, generally on a month-to-month basis, for personal and business use. The company also carries out the sale of merchandise and reinsure policies against losses to goods stored by self-storage tenants. It carries out various storage types such as Business storage, Vehicle and RV storage, Boat storage, Self-storage, and Climate Controlled storage. The company operates business in Texas, Florida, Illinois, Georgia, Maryland, Colorado, Arizona, Indiana, Nevada, Kansas, Ohio, Minnesota, and North Carolina. . Public Storage is headquartered in Glendale, California, the US.
Public Storage premium industry data and analytics
Products and Services
Services | Brands |
---|---|
Reinsurance of Policies against Loss of Goods | Public Storage |
Merchandise Sales | Shurgard |
Management of Self-Storage Facilities | Orange Door |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Acquisitions/Mergers/Takeovers | In September, the company acquired Simply Self Storage from Blackstone Real Estate Income Trust for US$2.2 billion. |
2023 | New Products/Services | In September, the company announced the launch of the Savvy Storage Insurance Program. |
2023 | Others | In August, the company and Solar Landscape started construction on 130 rooftop community solar projects. |
Competitor Comparison
Key Parameters | Public Storage | Prologis Inc | U-Haul Holding Co | Extra Space Storage Inc | CubeSmart |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Glendale | San Francisco | Reno | Salt Lake City | Malvern |
State/Province | California | California | Nevada | Utah | Pennsylvania |
No. of Employees | 5,380 | 2,574 | 17,901 | 7,618 | 3,040 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Ronald L. Havner, Jr. | Chairman; Chief Executive Officer | Executive Board | 2011 | 65 |
Joseph D. Russell, Jr. | President; Trustee; Chief Executive Officer | Executive Board | 2019 | 63 |
H. Thomas Boyle | Chief Financial Officer; Senior Vice President; Chief Investment Officer | Senior Management | 2023 | 40 |
Nathaniel A. Vitan | Senior Vice President; Secretary; Chief Legal Officer | Senior Management | 2019 | 49 |
Natalia Johnson | Chief Administrative Officer | Senior Management | 2020 | 45 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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