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Like most REITs, Public Storage is known more for using its free cash flow to pay dividends (it currently yields 4%, well above the S&P 500's 1.3% average). However, the top self-storage REIT ...
Public Storage Inc. was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It grew to 1,000 locations by 1989, using funding from investors in real estate limited partnerships (RELPs). The private company was re-structured as a publicly traded REIT in 1995, when Storage Equities merged with Public Storage and adopted its name.
B. Wayne Hughes (father) Relatives. Tamara Gustavson (sister) B. Wayne Hughes Jr. (born 1958 or 1959) [1] is an American businessman and philanthropist. He is the son and namesake of B. Wayne Hughes, the founder and chairman of Public Storage, established in 1972. [2]
The five largest REITs in the United States are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. [ 1] Notable publicly traded real estate investment trusts based in the United States include: Company Name. REIT Type. Ticker Symbol.
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In 2003, PODS received an equity investment of $15M from the Hunt Private Equity Group, along with a $25M senior credit facility from Congress Financial Corp. [5] In 2005, PODS grossed over $200 million in revenue, and was still privately owned. [2] By then, the company was franchised in 45 states, and logged 2,500 pickups and deliveries a day. [2]
885 plus 199 investment professionals (September 2022) [1] Parent. Mubadala Investment Company. Website. fortress .com. Fortress Investment Group is an American investment management firm based in New York City. It was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone.
Bradley Wayne Hughes (September 28, 1933 – August 18, 2021) was an American billionaire businessman, the founder and chairman of Public Storage, [1] the largest self-storage company in the U.S. doing business as a real estate investment trust (REIT). [2] At the time of his death, Hughes had an estimated net worth of US$3.3 billion.