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PSA-PM| Name | Value |
|---|---|
| Revenues | 1,088.5M |
| Cost of Revenue | 259.7M |
| Gross Profit | 828.9M |
| Operating Expense | 259.9M |
| Operating I/L | 590.0M |
| Other Income/Expense | -175.1M |
| Interest Income | 14.2M |
| Pretax | 414.9M |
| Income Tax Expense | -14.6M |
| Net Income/Loss | 412.4M |
Public Storage is a leading real estate investment trust (REIT) specializing in the acquisition, development, and operation of self-storage facilities. With a vast portfolio of 2,504 facilities in 38 states, totaling approximately 171 million net rentable square feet in the United States, the company generates revenue through the rental of storage units. Additionally, Public Storage holds equity interests in Shurgard Self Storage SA and PS Business Parks, Inc., further diversifying its income streams. The company's primary source of income is derived from the rental and management of self-storage spaces, catering to individuals and businesses seeking secure and convenient storage solutions.
