Public Storage is a publicly traded Real Estate Investment Trust (REIT) on the New York Stock Exchange. It’s the world’s largest self-storage business and holds over 160 million square feet of rentable space across the United States and Europe.
Combined with its business affiliate, Shurgard Storage, Public Storage has over 2,300 locations in America, 2,500 locations in Europe, and 2,600 Business Parks on both continents that serve the residential, business, and industrial markets. Public Storage employs 5,300 workers, has a reported yearly income of $2.38 billion (US), an operating capital of $1.23 billion, and an estimated net worth of over $10 billion.
In-Depth Look at Public Storage
Public Storage was founded in 1972 at Glendale, California by Wayne Hughes and Kenneth Volk Jr., who built the company into a multi-state conglomerate. It grew to 1,000 locations by 1989 and went public in 1995. Unparalleled growth continues for Public Storage.
At its core, Public Storage focuses on customer needs. Their aim is to have a Public Storage facility located in strategic places within a convenient distance to every American community. With vast experience and an unwavering belief in their goal to provide only the best storage solutions, Public Storage has created a customer loyalty that has made them the storage provider of choice for millions of people.
Public Storage has a very basic and simple approach to making storage services very simple for its customers. Much of the deciding factors and solutions around choosing the right storage can be worked out online or with the help of an onsite manager. Public Storage calls their process the “Easy 1,2,3,4,5”.
Here are their steps:
- Step One — Find the nearest location
- Step Two — Choose the best storage size
- Step Three — Use the Fast N’ Free Reservation
- Step Four — Get to packing
- Step Five — Move it
In addition to an exceptional selection of locations and space, all Public Storage outlets supply their customers with a full line of value-added products and services such as packing supplies, moving equipment, payment terms, sign-up incentives, helpful tips and guides (available to download online), and even insurance policies.
As the world’s largest full-service self-storage provider, Public Storage has everything a customer ever needs.