Public StorageGlendale, CA, United States (NYSE: PSA)

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Public Storage Company Description

This is one company that can tell its customers to stuff it and know they won't be offended. Public Storage, a real estate investment trust (REIT), is one of the largest self-storage companies in the US, with interests in more than 2,100 storage facilities comprising some 145 million sq. ft. of storage space in nearly 40 states and Europe (about 20% of its facilities are in California). The firm's self-storage properties, located in densely populated areas, generate some 90% of the company's sales. Public Storage also rents trucks and portable self-storage units, and sells locks, boxes, and packing supplies. It owns about 45% of publicly traded PS Business Parks, an office building REIT.

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The Company Description provides a historical perspective of Public Storage's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Public Storage's evolution in the marketplace.

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