Public Storage (PSA) is a real-estate investment trust (REIT) that specializes in the acquisition, development, ownership, and operation of self-storage facilities. It leases storage units on a month-to-month basis for both personal and business use, and also provides ancillary services such as merchandise sales, tenant reinsurance, and third-party storage management. Headquartered in Glendale, California, Public Storage operates thousands of storage locations across the United States. Its market cap is around $47.9 billion.
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 and its strategic position as a leading self-storage operator.
