- Public Storage (NYSE: PSA) is the largest owner and operator of self-storage facilities in the U.S., focusing on key markets and enhancing its digital-first platform for customers.
- In March 2026, Public Storage announced a $10.5 billion all-stock acquisition of National Storage Affiliates, expanding its portfolio with 488 properties and marking a significant milestone under its PS4.0™ growth plan.
- The acquisition of National Storage Affiliates will enhance Public Storage's brand and scale, creating value for stakeholders and establishing a joint venture with 313 properties for attractive yield alternatives.
- Public Storage's ideal buyers are property owners and businesses seeking reliable self-storage solutions, as they address the growing demand for storage space in competitive markets, especially in high-growth regions like the Sun Belt.
The workforce comprises 19 departments, with the Executive department being the largest at 1,467 employees, followed by Real Estate with 953. Community and Social Services employs 386 individuals, indicating a strong focus on customer engagement and support. This distribution reflects a well-rounded organizational structure that balances operational and strategic functions effectively.
Public Storage operates across 671 locations, with Glendale, CA, housing the largest concentration of employees at 404. Other significant locations include Los Angeles, CA, with 79 employees, and Houston, TX, with 59. The substantial headcount in the 'Other' category, totaling 1,598, suggests a distributed workforce across various regions, enhancing the company's geographic reach and operational flexibility.
