Valued at a market cap of around $51.2 billion, California-based Public Storage (PSA) is a Real Estate Investment Trust (REIT) that specializes in acquiring, developing, owning, and operating self-storage facilities that offer month-to-month lease options for both personal and business storage needs.
Companies valued at $10 billion or more are generally classified as "large-cap" stocks, and Public Storage fits right into that category, boasting a market cap that surpasses this threshold. Since opening its first facility in 1972, Public Storage has grown into one of the world's largest self-storage owners and operators, with thousands of locations across the U.S. and Europe and over 170 million net rentable square feet. With a customer-first approach and a strong presence in major markets, Public Storage has led the self-storage industry for nearly 50 years.
