(PSA) Public Storage - Ratings and Ratios

Public Storage (NYSE:PSA), a S&P 500 constituent, is a leading self-storage REIT with a significant presence in the U.S. and Europe. As of December 31, 2024, the company owned and/or operated 3,380 self-storage facilities across 40 states, totaling approximately 245 million net rentable square feet in the U.S. Internationally, it held a 35% stake in Shurgard Self Storage Limited, which operated 318 facilities across seven Western European countries, adding 17 million net rentable square feet under the Shurgard brand. Headquartered in Glendale, California, Public Storage is a key player in the self-storage industry, leveraging its scale and strategic partnerships to maintain market leadership.

The companys operational footprint spans over 40 U.S. states, with a focus on high-density urban and suburban markets. Its international exposure through Shurgard provides diversification and access to growing European markets. Public Storages facilities are designed to offer convenient, secure, and climate-controlled storage solutions, catering to both individual and business customers. The companys extensive network and brand recognition position it as a dominant force in the self-storage sector.

Public Storages financial performance is underpinned by its large and stabilized portfolio, with a strong balance sheet and consistent cash flow generation. The companys ability to maintain high occupancy rates and increase rental income through strategic pricing and operational efficiency has supported its growth. Its investment in Shurgard further enhances its revenue streams and geographic diversification, aligning with its long-term growth strategy.