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PSA| Name | Value |
|---|---|
| Revenues | 1,094.2M |
| Cost of Revenue | 288.3M |
| Gross Profit | 805.9M |
| Operating Expense | 238.6M |
| Operating I/L | 567.3M |
| Other Income/Expense | -41.3M |
| Interest Income | 11.9M |
| Pretax | 523.5M |
| Income Tax Expense | 3.1M |
| Net Income/Loss | 517.7M |
Public Storage is a real estate investment trust (REIT) that specializes in acquiring, developing, owning, and operating self-storage facilities. The company has a significant presence in the United States, with interests in 2,504 self-storage facilities across 38 states, totaling approximately 171 million net rentable square feet. Additionally, it holds equity interests in Shurgard Self Storage SA, which operates 239 self-storage facilities in seven Western European nations, and PS Business Parks, Inc., which owns and operates approximately 28 million rentable square feet of commercial space. Public Storage generates revenue through the rental of self-storage units and commercial space, providing a reliable income stream from its real estate holdings.
