Public Storage: directors' dealings · United States · SEC (Form 4)

About Public Storage

Public Storage is a leading self-storage real estate operator in the United States and is listed on the NYSE under ticker PSA. Over nearly half a century, the company has built a dominant position in an industry that remains highly fragmented. Its business model is centered on owning, operating, and developing self-storage facilities, with additional value creation coming from facility expansions, redevelopment, and selective acquisitions. The company describes itself as the world’s largest owner of self-storage facilities, a scale advantage that supports brand recognition, operating leverage, and a broad competitive footprint. ([publicstorage.com](https://www.publicstorage.com/our-story/our-story.html?utm_source=openai)) Founded in the 1970s, Public Storage is headquartered in the United States. Recent corporate disclosures indicate a headquarters in Frisco, Texas, while also referencing a long-standing presence in Glendale, California; in 2026 the company announced it would relocate its corporate headquarters to North Dallas (Frisco) as part of a broader leadership and strategic transition. This move underscores management’s intent to tap into a larger talent pool and strengthen the company’s operating platform while maintaining its U.S. base. Public Storage’s core portfolio is overwhelmingly domestic, with properties spread across 40 U.S. states. ([investors.publicstorage.com](https://investors.publicstorage.com/news-events/press-releases/news-details/2026/Public-Storage-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx?utm_source=openai)) Public Storage’s main product offering is self-storage space for households, small businesses, and customers needing temporary or long-term storage solutions. Typical use cases include moving, seasonal storage, business inventory, and records archiving. The company also owns a 35% equity interest in Shurgard Self Storage Limited, which operates facilities in Western Europe under the Shurgard brand, adding a meaningful international component to an otherwise U.S.-centric platform. ([investors.publicstorage.com](https://investors.publicstorage.com/news-events/press-releases/news-details/2026/Public-Storage-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx?utm_source=openai)) From a competitive standpoint, Public Storage benefits from scale, a powerful brand, and an extensive asset base that spans major metropolitan and suburban markets. In a highly fragmented sector, this scale can improve pricing power, support digital customer acquisition, and make accretive consolidation easier to execute. The company’s leadership recently introduced PS4.0, a new strategic framework aimed at improving the customer and employee experience, expanding margins, and enhancing long-term shareholder returns. ([investors.publicstorage.com](https://investors.publicstorage.com/news-events/press-releases/news-details/2026/Public-Storage-Announces-PS4-0--A-New-Era-of-Leadership-Growth-and-Value-Creation/default.aspx?utm_source=openai)) Recent corporate highlights include the release of 2024 and 2025 earnings results, continued access to debt capital markets, and a notable 2026 leadership transition featuring a new CEO and a new non-executive chairman. Public Storage also announced plans in 2026 to acquire National Storage Affiliates in an all-stock transaction, a move that would further strengthen its position as a consolidator in the self-storage industry. These developments matter for investors because they signal both strategic continuity and an active capital allocation posture in the United States market. ([investors.publicstorage.com](https://investors.publicstorage.com/news-events/press-releases/news-details/2026/Public-Storage-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx?utm_source=openai))