Public Storage (NYSE: PSA)

Q: What is Public Storage's revenue?

Public Storage has annual revenue of approximately $4.82 billion.

Q: How many employees does Public Storage have?

Public Storage employs approximately 6,000 people.

REIT - Industrial · Glendale, CA, United States · Founded 1972

$50.0B

Market Cap

$4.82B

Revenue

6,000

Employees

$1.78B

Net Income

📊 Key Statistics for Public Storage (PSA)

Market capitalization: $50.0 billion
Annual revenue: $4.82 billion
Net income: $1.78 billion
Employees: 6,000
Sector: Real Estate
Headquarters: Glendale, United States
Founded: 1972

Source: Statvoo company profile for Public Storage. Browse all 500+ companies

📋 About Public Storage

Public Storage is the largest self-storage REIT in the world, operating over 3,000 facilities across the United States and Europe (through Shurgard). The company's ubiquitous orange-signed facilities are a fixture of American suburban landscapes. Self-storage is one of the most resilient property types in real estate, with demand driven by life events—moves, divorces, downsizing, deaths—that occur regardless of economic conditions.

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💰 How Public Storage Makes Money

Public Storage earns revenue from renting storage units to individuals and businesses on month-to-month leases. The company's pricing strategy uses sophisticated revenue management algorithms to optimize rates based on occupancy, demand, and customer tenure.

📜 Key Milestones

Bradley Wayne Hughes co-founded Public Storage in 1972 in Southern California. The company pioneered the modern self-storage industry and went public in 1980. Public Storage's $11 billion acquisition of Simply Self Storage in 2022 was the largest deal in self-storage history, adding over 100 million square feet.

📊 Financial Overview

Market Capitalization	$50.0B
Annual Revenue	$4.82B
Net Income	$1.78B
Profit Margin	37%
Revenue per Employee	$803333K
Stock Exchange	NYSE
Ticker Symbol	PSA

Financial data is approximate and based on most recent annual filings.

💡 Did You Know?

Americans rent enough self-storage space to give every man, woman, and child in the country roughly 7 square feet each. Public Storage's existing customer rate increases—known as "street rate plus" pricing—can push rents 10-15% above market rates for long-tenured tenants who are reluctant to move their belongings.

📝 Analyst Take

Public Storage is the toll road of American consumerism—people accumulate stuff and need somewhere to put it. The business model is beautifully simple, capital-light relative to other REITs, and generates enormous free cash flow.

❓ Frequently Asked Questions