Valued at a market cap of $63.1 billion, Public Storage (PSA) is the leading entity in the self-storage industry. The Glendale, California-based company specializes in acquiring, developing, and managing storage facilities for both personal and business use and also engages in tenant reinsurance and third-party management services.
Companies valued at $10 billion or more are generally considered “large-cap” stocks, and Public Storage fits this criterion perfectly, exceeding the mark. Public Storage distinguishes itself with its expansive network of over 2,200 self-storage locations across the US, Canada, and Europe, and its strategic position as a leading REIT with a notable stake in Shurgard Storage Centers.
