Name | Value |
---|---|
Revenues | 1,173.2M |
Cost of Revenue | 301.0M |
Gross Profit | 872.2M |
Operating Expense | 309.9M |
Operating I/L | 562.2M |
Other Income/Expense | -39.0M |
Interest Income | 13.0M |
Pretax | 523.3M |
Income Tax Expense | 2.1M |
Net Income/Loss | 518.1M |
Public Storage is a leading real estate investment trust (REIT) specializing in the acquisition, development, and operation of self-storage facilities. With interests in over 2,500 facilities across 38 states in the U.S., the company offers approximately 171 million net rentable square feet of storage space. Additionally, it holds equity interests in Shurgard Self Storage SA, which operates 239 facilities in seven Western European nations, and PS Business Parks, Inc., which owns and operates 28 million rentable square feet of commercial space. Public Storage generates revenue through the rental of self-storage units and commercial space, catering to individuals and businesses seeking storage solutions.