Public Storage is a publicly traded real estate investment trust (REIT) listed on the NYSE and included in the S&P 500. With 52 years of operational history, it is the largest self-storage REIT by enterprise value, totaling approximately $65 billion as of June 30, 2025. The company maintains an A2 credit rating from Moody’s and an A rating from S&P. Public Storage owns and operates a vast portfolio of 3,432 properties across 40 U.S. states, encompassing 250 million rentable square feet and serving approximately 2 million customers. This includes 329 facilities managed for third parties, representing 25.4 million square feet. Public Storage has actively expanded its footprint, acquiring 25 facilities totaling 1.8 million square feet for $303.3 million in the first half of 2025, and is under contract to acquire an additional 47 facilities with 3.1 million square feet for $481.9 million. Development and expansion efforts added 527,000 square feet in 2025, with 27 additional facilities in progress expected to contribute 2.6 million square feet over the next 18 to 24 months. Internationally, Public Storage holds a 35% equity interest in Shurgard Self Storage Limited, the largest self-storage operator in Western Europe, with 18 million square feet of space.