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PSA-PG| 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 real estate investment trust (REIT) that specializes in acquiring, developing, owning, and operating self-storage facilities. The company's primary source of revenue comes from leasing out self-storage units to individuals and businesses. As of September 30, 2020, Public Storage had interests in over 2,500 self-storage facilities in the United States, as well as equity interests in Shurgard Self Storage SA and PS Business Parks, Inc. These facilities collectively offer millions of net rentable square feet, providing a steady stream of rental income for the company.
