Public Storage
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Public Storage
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| Type | Public (NYSE: PSA) S&P 500 Component |
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| Industry | Real estate investment trust |
| Founded | 1972 |
| Headquarters | Glendale, California, USA |
| Key people | B. Wayne Hughes, founder; Ronald L. Havner Jr., Chairman of the Board, CEO and President |
| Revenue |  $1.43 billion USD (2010)[1] |
| Operating income | $1.02 billion USD (2010)[2] |
| Net income | $665.64 million USD (2010)[3] b |
| Employees | 4,900 (2010)[4] |
| Website | http://www.publicstorage.com |
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.
Public Storage built its first self-storage facility in 1972. It operates more than 200 company-owned locations in the United States and Europe. In Europe, PS operates under Shugard; it bought Shurgard Storage Centers, Inc. in August 2006 for $5.5 billion. It estimates that its facilities hold a 140 million net rentable square feet of real estate.
PS also owns 41% of PS Business Parks, a place for commercial and industrial storage purposes, of which there is currently 21 million square feet. The company was founded in 1971 by B. Wayne Hughes. Public Storage locations also sell packing and related moving supplies and facilitates the purchase of insurance from Willis Insurance.
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At left, a PS in Ann Arbor, MI; at right, a facility in Los Angeles, CA
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