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It is the largest brand of self-storage services in the US. [2] In 2008, it was the largest of four publicly traded storage REITs. [3] There are more than 2,200 Public Storage self-storage locations in the US, Canada and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services.
The company now facilitates self-storage rentals between consumers and storage operators. The company was profiled as one of America's Most Promising Startups by Bloomberg Businessweek in 2011. [4] SpareFoot lists storage business around a particular area to show available units and prices. Customers are able to view available units, real-time ...
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Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
The leading self-storage REIT increased its dividend by nearly 245% over the past 10 years. That payout currently yields more than 4%, driven up by the 20% slump in its shares.
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