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Public Storage 1000 Depositary Shares Representing 4 625 Cumulative Pref Shs Series L
Previous close
$18.32
Day range
$18.22 - $18.41
Year range
$17.52 - $22.89
Market cap
50.27B USD
Avg Volume
38.01K
P/E ratio
-
Dividend yield
-
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Mar 2025info | Y/Y change |
---|---|---|
Revenue | 1.19B | 2.02% |
Operating expense | 307.90M | 0.44% |
Net income | 407.79M | -19.88% |
Net profit margin | 34.36 | -21.46% |
Earnings per share | 2.42 | 1.60% |
EBITDA | 822.36M | 1.05% |
Effective tax rate | 0.35% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Mar 2025info | Y/Y change |
---|---|---|
Cash and short-term investments | 287.18M | 5.72% |
Total assets | 19.62B | -0.01% |
Total liabilities | 9.95B | 3.90% |
Total equity | 9.67B | — |
Shares outstanding | 175.43M | — |
Price to book | 0.62 | — |
Return on assets | 6.85% | — |
Return on capital | 7.05% | — |
Cash Flow
Net change in cash
(USD) | Mar 2025info | Y/Y change |
---|---|---|
Net income | 407.79M | -19.88% |
Cash from operations | 705.06M | 5.93% |
Cash from investing | -286.52M | -53.56% |
Cash from financing | -578.78M | -0.28% |
Net change in cash | -160.24M | -63.19% |
Free cash flow | 517.56M | 5.93% |
About
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space. The company also provides insurance services for tenants and manages 307 self storage facilities for other owners.
Public Storage Inc. was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It grew to 1,000 locations by 1989, using funding from investors in real estate limited partnerships. The private company was re-structured as a publicly traded REIT in 1995, when Storage Equities merged with Public Storage and adopted its name. In 2006, it acquired Shurgard Storage Centers, an owner and operator of storage facilities in Europe, in a $5.5 billion transaction; the company was spun-out and Public Storage retains a 35% interest.
Self-storage locations tend to be in dense clusters in major cities, especially near freeways and intersections. Wikipedia
Founded
Aug 14, 1972
Headquarters
Website
Employees
5,900