Public Storage

Public Storage

Public Storage

Overview
Date Founded

1972

Headquarters

701 WESTERN AVENUE, GLENDALE, CA, 91201

Type of Company

Public

Employees (Worldwide)

5,900

Industries

Trusts & Funds
Real Estate
Real Estate Investment Trusts
Consumer Services

Company Description

Public Storage built its first self-storage facility in 1972. Today it operates over 2,200 unique and diverse company-owned locations in the United States and Europe, totaling more than 142 million net rentable square feet of real estate. Its PS Business Parks interest adds another 28 million(approx.) rentable square feet of commercial and industrial space. Based on number of tenants, Public Storage is among the largest landlords in the world. Given its long and successful history, its presence in major markets, its customer focus and its leadership position in the self-storage industry, Public Storage is a respected and trusted operator of self-storage facilities. Public Storage is a member of the S&P 500 and FT Global 500. Common and preferred stock for Public Storage trade on the New York Stock Exchange.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Trustee

Chief Financial Officer & Senior Vice President

Chief Operating Officer

Senior Vice President, Chief Legal Officer & Corporate Secretary

Chief Human Resources Officer & Senior Vice President

President of Third Party Management

Vice President of Investor Services

Board of Trustees

President, Chief Executive Officer & Trustee at Public Storage

President at Ingram Micro Asia Holdings, Inc.

President-Partner & Industry Platforms at Google, Inc.

Former Senior Vice President & Chief Financial Officer at Public Storage

Co-Founder at Public Storage

Founder at American Commercial Equities LLC

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Owners & Shareholders
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Cohen & Steers is a global investment manager focused on specialty asset classes, including real estate securities, listed infrastructure, real assets, preferred securities, large cap value equities and alternative strategies. Background In 1986, Martin Cohen and Robert Steers established Cohen & Steers as the first investment company to specialize in listed real estate. As the global real estate securities market evolved, we expanded our operations to Europe and Asia Pacific, forming the industry’s largest global investment team dedicated to real estate securities. Through careful consideration, we have added to our investment offerings over the years, developing related strategies designed to meet investors’ increasing demand for dividend income and real returns. Cohen & Steers was listed on the New York Stock Exchange in 2004 under the ticker: CNS. As of December 31, 2012, the company had $45.8 billion in assets under management. Cohen & Steers is headquartered in New York, with offices in London, Brussels, Hong Kong, Tokyo and Seattle.

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APG US' strategies include Core Bond Plus, High Yield and Agency Mortgage Alpha. Both strategies may utilize derivative transactions, including credit default swaps, for hedging purposes or efficient portfolio management. For Core Bond Plus, they use macroeconomic analysis, credit analysis and valuation analysis to make investment decisions. APG US invests in an array of fixed-income sectors that convey different risks, thus, diversification of return and alpha sources is an essential element of their investment process. For High Yield, they employ intensive credit analysis, valuation analysis, industry analysis and macroeconomic analysis to make investment decisions. For Agency Mortgage Alpha, they attempt to generate excess returns by employing both a top-down approach, where a general theme in terms of prepayments and volatility is developed to determine the appropriate mix of MBS and a bottom-up approach, where security selection revolves around the prepayment behavior conveyed by different specified MBS pool characteristics.

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Lazard Asset Management is known for its global perspective on investing and years of experience with global, regional and domestic portfolios. With more than 280 investment personnel worldwide, we offer investors of all types an array of equity, fixed income, and alternative investment solutions from our network of local offices in ten different countries. Our team-based approach to portfolio management helps us to deliver robust and consistent performance over time, and strong client relationships allow us to understand how to employ our capabilities to our clients' advantage. With over $146.0 billion in assets under management, we have offices located throughout the world in Bahrain, Boston, Chicago, Frankfurt, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Sydney, Tokyo, Toronto, and Zurich. Lazard Asset Management’s business is a diversified, global investment platform that focuses on managing assets for our clients. As a result, throughout all market environments, we maintain a disciplined approach to investing with a research-driven investment process focusing on financial productivity and valuation. We believe there are substantial opportunities for value driven investors and continue to seek out and invest in companies with healthy balance sheets and sustainability of returns

Recent Transactions
Details Hidden

Smartbox of Maryland purchases Public Storage, Inc. /Baltimore Portable Storage Bus from Public Storage

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Credit Suisse Group AG, CSFB Private Equity Partners LLC, Credit Suisse Private Equity LLC purchase Shurgard Belgium SCA from Public Storage

Details Hidden

Public Storage, Morningstar Marina Management LLC purchase Morningstar Marinas/Kings Point LLC

Insider Transactions
Details Hidden
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Transaction Advisors
Accountant

Advised onPublic Storage purchases Storage Trust Realty

Investment Advisor

Advised onPublic Storage purchases PS Insurance Co.

Investment Advisor

Advised onPublic Storage purchases Shurgard Storage Centers, Inc.

Legal Advisor

Advised onPublic Storage purchases Shurgard Storage Centers, Inc.

Partner

Advised onPublic Storage purchases Shurgard Storage Centers, Inc.

Founder

Advised onPublic Storage purchases Shurgard Storage Centers, Inc.

Advisors & Consultants
Advisor

Senior Vice President, Chief Legal Officer & Corporate Secretary at Arrow Electronics, Inc.

Advisor

Former Vice President of Investor Services at Public Storage

Key Stats and Financials As of 2019
Market Capitalization
$36.5B
Total Enterprise Value
$42.7B
Earnings Per Share
$7.29
Revenue
$2.85B
Enterprise Value Sales
15.01x
TEVNet Income
28.2x
Debt TEV
0.04x
Total Debt
$1.9B
Total Equity
$9.08B
Net Profit
$1.52B
EBITDAMargin
69.48%
Enterprise Value EBITDAOperating
21.61x
EBITDA
$1.98B
Three Year Compounded Annual Growth Rate Of Revenue
3.6%
Five Year Compounded Annual Growth Rate Of Revenue
5.33%
Political Donations
$1,000
2003
$1,000
2003
$1,000
2003
Suppliers
Fabasoft AG IT Consulting & Services | Linz, Aut

Fabasoft AG engages in the manufacture and sale of software products. The company's products and services include cloud services, information technology operations, secure encryption, electronic records, digital business processes, agile business processes, agile project management, knowledge management, development of specialized applications, and testing of specialized applications. Fabasoft was founded in 1988 and is headquartered in Linz, Austria.

Awards & Honors
Rank #870
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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