Public Storage was founded on August 14, 1972 and built its first self-storage facility the same year.
Public Storage acquires, develops, owns, and operates self-storage facilities in the United States and Europe.
The company has more than 2,200 self-storage facilities with 127 million net rentable square feet in 38 states and 10 million net rentable square feet in 7 western European countries.
Public Storage is a publicly traded company, trading on the NASDAQ under the symbol PSA.
Public Storage is a real estate investment trust, or REIT, which means that it is a company that owns income-producing real estate. Some other examples of REITs are hotels, warehouses, hospitals, and shopping centers. As an REIT, Public Storage is not subject to federal income tax because it distributes 90% of its taxable income to shareholders.
Public Storage has 5,000 employees, is part of the S&P 500, is #361 in the FT Global 500, is #996 in the Fortune 1,000, and had $1.98 billion in revenue in 2013.