Public Storage (N:PSA)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 701 Western Avenue GLENDALE CA 91201-2349 |
| Tel: | N/A |
| Website: | https://www.publicstorage.com |
| IR: | See website |
| Key People | ||
| Joseph Darryl Russell President, Chief Executive Officer, Director | H. Thomas Boyle Chief Financial Officer, Chief Investment Officer | Natalia N. Johnson Chief Administrative Officer | Nathaniel A. Vitan Chief Legal Officer, Corporate Secretary |
| Business Overview |
| Public Storage is a real estate investment trust (REIT). The Company is engaged in the ownership, development, and operation of self-storage facilities and other related operations including tenant reinsurance and third-party self-storage management. It offers storage spaces for lease on a month-to-month basis, for personal and business use. Its segments include Self-Storage Operations and Ancillary Operations. The Self-Storage Operations segment includes the aggregated rental operations from the self-storage facilities it owns from same store facilities, acquired facilities, developed, and expanded facilities, and other non-same store facilities. The Ancillary Operations segment includes combined operations of its tenant reinsurance, merchandise sales, and third party property management segments. It has interests in and consolidated approximately 3,044 self-storage facilities (an aggregate of 218 million net rentable square feet of space) operating under the Public Storage name. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Public Storage revenues increased 8% to $4.52B. Net income applicable to common stockholders decreased 53% to $1.95B. Revenues reflect Self Storage Operations segment increase of 8% to $4.26B, Ancillary operations segment increase of 9% to $258.1M, NAREIT FFO - Per Share - Diluted - Total increase of 1% to $16.6. Dividend per share increased from $8.00 to $12.00. |
| Employees: | 5,380 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $58,534M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,518M as of Dec 31, 2023 |
| EBITDA (TTM): | $3,292M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,949M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$357.43M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $8,733M as of Dec 31, 2023 |
| Shares outstanding: | 175,713,491 as of Mar 5, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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