# Public Storage

> Public Storage is a publicly traded real estate investment trust that rents self-storage space to households and businesses, generally month to month. Founded in 1972, it combines a nationally recognized orange brand, a large U.S. property network, digital rental and app-based access, data-led pricing, third-party management, tenant reinsurance, merchandise sales, lending, development and acquisitions. Its scale lowers customer search friction and gives the company operating data, marketing reach and access to capital that smaller operators generally cannot match.

- **Founded:** 1972
- **Headquarters:** Frisco, United States
- **Founders:** B. Wayne Hughes (Co-founder), Kenneth Q. Volk Jr. (Co-founder)
- **Team size:** Approximately 5,770 employees at December 31, 2025; company-provided contact data rounds this to about 5,800.
- **Products:** Personal self-storage, Business storage, Vehicle, RV and boat storage, Digital rental and mobile account access, Moving and packing supplies
- **Notable:** Grew from one facility in 1972 into the largest owner of self-storage facilities in the United States., Reported $4.824 billion in total revenue for 2025., Owned interests in 3,171 U.S. facilities and managed another 362 for third parties at December 31, 2025.

## Products & services

- **Personal self-storage** — Month-to-month storage units in a range of sizes, including indoor, drive-up and climate-controlled options where available.
- **Business storage** — Flexible space for inventory, equipment, records and supplies without a conventional commercial lease.
- **Vehicle, RV and boat storage** — Uncovered, covered or enclosed parking and storage at participating locations.
- **Digital rental and mobile account access** — Online reservations and rentals plus app-based bill payment, account management and gate or door access at enabled properties.
- **Moving and packing supplies** — Boxes, tape, wrapping materials, furniture covers and other moving merchandise, including paper and cardboard products made with recycled content.
- **PS Advantage** — Third-party property management that applies Public Storage’s brand, operating systems and revenue capabilities to facilities owned by others.
- **Tenant reinsurance and bridge lending** — Ancillary income from tenant protection programs and loans to third-party self-storage owners, alongside the core rental business.

## Achievements

- Grew from one facility in 1972 into the largest owner of self-storage facilities in the United States.
- Reported $4.824 billion in total revenue for 2025.
- Owned interests in 3,171 U.S. facilities and managed another 362 for third parties at December 31, 2025.
- Closed the National Storage Affiliates acquisition in July 2026, adding more than 1,000 properties and over 550,000 units.
- Reached a 78.4% same-store net operating income margin in the fourth quarter of 2025.
- Maintains membership in the S&P 500.
- Earned Great Place to Work certification in 2022.
- Used 100% recycled content in paper and cardboard moving supplies since 2009, according to the company.

## Latest updates

- **2026-07** — Reported second-quarter revenue of approximately $1.23 billion and raised full-year 2026 guidance after the first half; quarterly Core FFO was $4.17 per share, down 2.6% year over year.
- **2026-07** — Completed the acquisition of National Storage Affiliates, adding more than 1,000 properties and over 550,000 units; NSA brands began transitioning to Public Storage branding.
- **2026-06** — Agreed to acquire Public Storage Canada in a transaction valued at approximately $1.2 billion, subject to customary closing conditions.
- **2026-06** — Expanded liquidity with a $3.0 billion revolving credit facility, a new $500 million term loan and a $1.0 billion commercial paper program.
- **2026-04** — Tom Boyle became CEO and Shankh Mitra became non-executive chairman as the company entered its PS4.0 leadership era.
- **2026-03** — Announced a strategic data-science partnership with Welltower focused on real-estate capital allocation and operating analytics.
- **2026-02** — Unveiled PS4.0, PS Next and an 'Own It' culture, and announced the relocation of its corporate headquarters to Frisco, Texas.

## Links

- Website: https://www.publicstorage.com/
- LinkedIn: https://www.linkedin.com/company/public-storage
- Twitter/X: https://twitter.com/PublicStorage
- YouTube: https://www.youtube.com/user/PUBLICSTORAGE
- Instagram: https://www.instagram.com/publicstorage/
- Facebook: https://www.facebook.com/PublicStorage/

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Profile page: https://yespress.io/public-storage
Published by YesPress — https://yespress.io
Last updated: 2026-08-13