Public Storage (N:PSA)

Sector:  Financials Industry:  Specialized REITs
See Regulatory Filings on SEC
Company Contact
Address: 701 Western Ave
GLENDALE CA 91201-2349
Tel: N/A
IR: See website
Key People
Ronald L. Havner
Chairman of the Board of Trustees
Joseph Darryl Russell
President, Chief Executive Officer, Director
H. Thomas Boyle
Chief Financial Officer
Natalia N. Johnson
Chief Human Resource Officer, Senior Vice President, Chief Administrative Officer
Nathaniel A. Vitan
Senior Vice President, Chief Legal Officer and Corporate Secretary
Business Overview
Public Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe. As of December 31, 2016, the Company had direct and indirect equity interests in 2,348 self-storage facilities (with approximately 154 million net rentable square feet) located in 38 states in the United States operating under the Public Storage name.
Financial Overview
For the six months ended 30 June 2020, Public Storage revenues increased 2% to $1.43B. Net income applicable to common stockholders decreased 8% to $559.3M. Revenues reflect Self Storage Operations segment increase of 1% to $1.34B, Ancillary operations segment increase of 8% to $86.6M. Net income was offset by Self Storage Operations segment income decrease of 1% to $917M. Dividend per share remained flat at $4.00.
Employees: 5,900 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $44,256M as of Jun 30, 2020
Annual revenue (TTM): $2,872M as of Jun 30, 2020
EBITDA (TTM): $1,964M as of Jun 30, 2020
Net annual income (TTM): $1,224M as of Jun 30, 2020
Free cash flow (TTM): -$489.28M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1,189M as of Jun 30, 2020
Shares outstanding: 174,802,792 as of Aug 3, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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