Public Storage
From Wikipedia, the free encyclopedia
Public Storage (NYSE: PSA), a real estate investment trust (REIT), is one of the largest self-storage companies in the United States with headquarters in Glendale, CA, with interests in more than 1,400 storage facilities in more than 35 states. The firm's self-storage properties, located in densely populated areas, generate some 97% of the company's sales. The company was founded in 1972 by Bradley Wayne Hughes.
Public Storage owns about 45% of publicly traded firm PS Business Parks, which rents commercial and industrial storage space. The REIT sells insurance to tenants; its stores rent trucks and sell packing and related moving items.
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Shurgard Storage Centers, Inc. was publicly traded on the New York Stock Exchange from 1994 to August 2006, when it was bought by Public Storage for $5.5B.
