Public Storage - M&A Summary and Business Overview

Real EstateCompany

Public Storage M&A Summary

Public Storage has acquired 7 companies, including 4 in the last 5 years.

Public Storage’s largest acquisition to date was in 2006, when it acquired Shurgard Storage Centers for $5.5B. Public Storage has acquired in 6 different US states. The Company’s most targeted sectors include real estate (100%).

Public Storage Business Overview

Where is Public Storage headquartered?

Public Storage is headquartered in Glendale, California.

What is Public Storage’s revenue?

Public Storage disclosed revenue of 4,182M USD for 2022 and 3,416M USD for 2021.

How many employees does Public Storage have?

Public Storage has 5,900 employees.

What sector is Public Storage in?

Public Storage is a real estate company.

When was Public Storage founded?

Public Storage was founded in 1971.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 4

Public Storage

Public Storage

701 Western Avenue,
Glendale, California 91201
United States,
(818) 244-8080
www.publicstorage.com

Public Storage is a real estate investment trust. Public Storage acquires, develops, owns, and operates self-storage facilities which offer storage spaces for lease on a month-to-month basis, for personal and business use. Public Storage is the largest owner and operator of self-storage facilities in the United States. Public Storage also offers reinsure policies against losses to goods stored by customers in its self-storage facilities, sells merchandise at its self-storage facilities and manages self-storage facilities owned by third-party owners. Public Storage was founded in 1971 and is based in Glendale, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 3 1 2 - 1 - 7
vol $6.2B $3.3B $2.2B $11.7B
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
Simply Storage Management, LLC 2023-07-24 2.2B USD Add-on Acquisition
Orlando, Florida · www.simplyss.com
All Storage 2021-11-01 1.5B USD Add-on Acquisition
Dallas, Texas · www.allstorageonline.com
ezStorage Corporation 2021-04-13 1.8B USD Add-on Acquisition
Columbia, Maryland · www.ezstorage.com
Beyond Self Storage 2020-12-09 - Add-on Acquisition
Riverside, Missouri · www.beyondselfstorage.com
Stor-All Storage 44 Properties 2013-12-17 430M USD Divestiture
, United States
Morningstar Properties - 43 Sites 2013-10-08 315M USD Divestiture
, United States
Shurgard Storage Centers, Inc. 2006-08-22 5.5B USD Add-on Acquisition
Seattle, Washington · www.shurgard.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Real Estate 7 (100%) 11.7B (100%) - -
Total 7 $11.7B - -

By Geo

State/Country Buy Value Sell Value
United States 7 11.7B - -
  Washington 1 5.5B - -
  Texas 1 1.5B - -
  Missouri 1 - - -
  Maryland 1 1.8B - -
  Florida 1 2.2B - -
Total 7 $11.7B - -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Wachtell, Lipton, Rosen & Katz
 2
Hogan Lovells
 1
K&L Gates LLP
 1

Deal Values

buy # Total
> $1B 4 $11.0B
$100M to $1B 2 $745M
TOTAL $11.7B
Largest Shurgard Storage Centers, Inc.
$5.5B (2006-08-22)

M&A Connections

Deals
Acquired from
Strategic(s)
29%
2 (29%)

Company Summary

SECTOR

Real Estate

Revenue

4,182   23% 2022
3,416   18% 2021
2,915   3% 2020
2,847   4% 2019
2,754   4% 2018
2,669   5% 2017
2,561   8% 2016
2,382   9% 2015
2,195   12% 2014
1,965   7% 2013
1,842   2012
(millions of USD) Show More Show Less

Employees

5,900

Established

1971

Public

NYSE: PSA

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