Headquartered in Frisco, Texas, Public Storage (PSA) has built a business around life’s extra baggage and turned it into a real estate empire worth roughly $53.6 billion. The company owns and operates more than 3,500 self-storage facilities across 40 U.S. states, offering month-to-month rentals for personal and business customers who need extra breathing room.
Despite its massive footprint, the roughly $53.6 billion market cap company spent much of the past year moving at its own pace while the broader market ran like a horse. Over the last 52 weeks, PSA stock gained 3.2%, which looks modest beside the 27.9% rally delivered by the S&P 500 Index ($SPX) during the same stretch
