Public Storage
Public Storage is a leading real estate investment trust (REIT) that specializes in the ownership, development, and operation of self-storage facilities. The company leverages its significant scale and recognized brand to provide month-to-month storage solutions for personal and business use across major U.S. markets. Beyond core real estate, the company operates a vertically integrated platform offering tenant insurance, third-party management, and specialized lending services.
Financials
Based on Q1 2026 filing
Revenue
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Self-storage Operations
primaryThe core business focused on acquiring, developing, and leasing storage spaces to individuals and businesses on a month-to-month basis. It utilizes a proprietary technology platform for revenue optimization and customer acquisition.
Public Storage, eRental, Public Storage App, Climate-controlled units
Residential tenants, Commercial/Business tenants
Ancillary Operations
moderateComplementary services that leverage the existing storage platform to generate additional income streams through insurance, retail, and financial services.
Tenant reinsurance, Merchandise (locks and boxes), Bridge lending, Third-party management services
Storage tenants, Third-party self-storage owners
Segment Financials
Self Storage Operations — Revenue
View metricSelf Storage Operations — Direct Costs Of Leased And Rented Property Or Equipment
View metricAncillary Operations — Revenue
View metricOther direct property costs — Direct Costs of Leased and Rented Property or Equipment
View metricBusiness Overview
Competitive Position
The company is the industry-leading owner of self-storage properties in the U.S., holding approximately 9% of the total market square footage.
Geographies
United States, Western Europe
Customer Segments
Individual consumers, Small business owners, Real estate developers
Upstream Dependencies
Land for development, Construction materials and labor, Capital markets for financing, Digital marketing channels (Search engines)
Downstream Customers
Individual renters, Business storage users, Third-party facility owners
Competitors & Partners
Competitors
Similar Companies
Partners
Subsidiaries
Public Storage OP, L.P.
Operating partnership under the UPREIT structure
Public Storage Operating Company
Subsidiary formerly known as Public Storage
Public Storage FAQ
Common questions about Public Storage
Public Storage is a leading real estate investment trust (REIT) that specializes in the ownership, development, and operation of self-storage facilities. The company leverages its significant scale and recognized brand to provide month-to-month storage solutions for personal and business use across major U.S. markets. Beyond core real estate, the company operates a vertically integrated platform offering tenant insurance, third-party management, and specialized lending services.
Public Storage (PSA) has a market capitalization of $54.6B and trades on NYSE.
Public Storage generated $4.9B in trailing twelve-month revenue with net income of $1.9B, representing a net margin of 39.2%. Gross margin stands at 42.2%. These figures are based on the Q1 2026 filing.
Public Storage's key competitors include Extra Space Storage Inc., CubeSmart, Realty Income Corporation, and others. These companies compete in similar markets and product categories.
Public Storage has approximately 6,200 employees.