Public Storage

About Public Storage

Public Storage is a real estate operator headquartered in P.O. Box 25050 Glendale, CA.

​Public Storage, founded in 1972 and headquartered in Glendale, California, is the world's largest owner, operator, and developer of self-storage facilities. As of December 31, 2023, the company owned or had an interest in over 3,300 facilities across 40 U.S. states, encompassing approximately 218 million net rentable square feet of storage space .​ Operating as a real estate investment trust (REIT), Public Storage focuses on acquiring, developing, and managing self-storage properties. The company also engages in converting existing industrial or big-box retail spaces ranging from 40,000 to 150,000 gross square feet into self-storage facilities .​ In 2023, Public Storage expanded its portfolio by acquiring Simply Self Storage, adding 127 facilities totaling 9.4 million net rentable square feet, for $2.2 billion . The company also opened 11 newly developed facilities and various expansion projects, contributing an additional 1.7 million net rentable square feet at a cost of $362.9 million .

Principals at Public Storage

Markets and themes