Public Storage (PSA)
Public Storage, incorporated on March 13, 2007, 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. It also had direct and indirect equity interests in approximately 29 million net rentable square feet of commercial space located in eight states in the United States primarily owned and operated by PS Business Parks, Inc. (PSB) under the PS Business Parks name, as of December 31, 2016. As of December 31, 2016, it also managed approximately 28 self-storage facilities for third parties, owned 1.0 million net rentable square feet of commercial space, which was managed primarily by PSB, and had equity interests in and managed 12 additional self-storage facilities.
The Company's Self-storage Operations segment reflects the rental operations from all self-storage facilities owned by the Company and the subsidiaries. As of December 31, 2016, its self-storage operations were analyzed in two groups: the 2,000 facilities that Company had owned and operated on a stabilized basis (the Same Store Facilities), and all other facilities, which were newly acquired, newly developed, or redeveloped (the Non Same Store Facilities). The Company owns one self-storage facility in London, England. Its self-storage facilities consist of between 350 to 750 storage spaces.
The Company's Ancillary Operations segment reinsures policies against losses to goods stored by customers in its self-storage facilities. It is engaged in the sale of merchandise, primarily locks and cardboard boxes, at its self-storage facilities.
Investment in PSB
The Company holds an equity interest in PSB, a publicly held REIT that owns, operates, acquires and develops commercial properties, primarily multi-tenant flex, office and industrial parks. As of December 31, 2016, PSB owned and operated 28.1 million rentable square feet of commercial space.
Investment in Shurgard Europe
As of December 31, 2016, the Company held an equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owned 218 self-storage facilities (12 million net rentable square feet) located in seven countries in Western Europe operated under the Shurgard brand name. Shurgard Europe is the owner and operator of self-storage facilities in Western Europe.
- Real Estate Investment Trusts
- 🇺🇸 United States
- $210.84 yesterday's close
52 Week High5.17%21 November 2019
52 Week Low3.22%11 September 2019
Next Ex-Div-Date Countdown
|Ex-Div Date||Pay Date||Year||Type||Frequency||Status||Amount|
|12 Mar 2012||29 Mar 2012||2012||Interim||Quarterly||Paid||110c|
|11 Jun 2012||28 Jun 2012||2012||Interim||Quarterly||Paid||110c|
|10 Sep 2012||27 Sep 2012||2012||Interim||Quarterly||Paid||110c|
|10 Dec 2012||27 Dec 2012||2012||Interim||Quarterly||Paid||110c|
|11 Mar 2013||28 Mar 2013||2013||Interim||Quarterly||Paid||125c|
|10 Jun 2013||27 Jun 2013||2013||Interim||Quarterly||Paid||125c|
|11 Sep 2013||30 Sep 2013||2013||Interim||Quarterly||Paid||125c|
|11 Dec 2013||30 Dec 2013||2013||Final||Quarterly||Paid||140c|
|12 Mar 2014||31 Mar 2014||2014||Interim||Quarterly||Paid||140c|
|11 Jun 2014||30 Jun 2014||2014||Interim||Quarterly||Paid||140c|
|11 Sep 2014||30 Sep 2014||2014||Interim||Quarterly||Paid||140c|
|11 Dec 2014||30 Dec 2014||2014||Final||Quarterly||Paid||140c|
|12 Mar 2015||31 Mar 2015||2015||Interim||Quarterly||Paid||140c|
|11 Jun 2015||30 Jun 2015||2015||Interim||Quarterly||Paid||170c|
|11 Sep 2015||30 Sep 2015||2015||Interim||Quarterly||Paid||170c|
|11 Dec 2015||30 Dec 2015||2015||Final||Quarterly||Paid||170c|
|14 Mar 2016||31 Mar 2016||2016||Interim||Quarterly||Paid||170c|
|13 Jun 2016||30 Jun 2016||2016||Interim||Quarterly||Paid||180c|
|12 Sep 2016||29 Sep 2016||2016||Interim||Quarterly||Paid||180c|
|12 Dec 2016||29 Dec 2016||2016||Final||Quarterly||Paid||200c|
|13 Mar 2017||30 Mar 2017||2017||Interim||Quarterly||Paid||200c|
|12 Jun 2017||29 Jun 2017||2017||Interim||Quarterly||Paid||200c|
|12 Sep 2017||28 Sep 2017||2017||Interim||Quarterly||Paid||200c|
|12 Dec 2017||28 Dec 2017||2017||Final||Quarterly||Paid||200c|
|13 Mar 2018||29 Mar 2018||2018||Interim||Quarterly||Paid||200c|
|12 Jun 2018||28 Jun 2018||2018||Interim||Quarterly||Paid||200c|
|11 Sep 2018||27 Sep 2018||2018||Interim||Quarterly||Paid||200c|
|11 Dec 2018||27 Dec 2018||2018||Final||Quarterly||Paid||200c|
|12 Mar 2019||28 Mar 2019||2019||Interim||Quarterly||Paid||200c|
|11 Jun 2019||27 Jun 2019||2019||Interim||Quarterly||Paid||200c|
|11 Sep 2019||27 Sep 2019||2019||Interim||Quarterly||Paid||200c|
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