АҚШ-тың ірі қоймалық қызметтер компаниясы

US international self storage company

Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust (REIT). It is the largest brand of self storage services in the US.

The idea for Public Storage was conceived by Southern California real estate developer B. Wayne Hughes in the early 1970s. The first warehouse was built in 1972 in El Cajon, California. According to Hughes, "Private Storage Spaces Inc." confused people into thinking it was private, so the name was changed to "Public Storage" to match the PS acronym. Within three months, the first location was breaking even with a 35 percent occupancy. Poor weather and difficult labor markets outside of California delayed development projects; the company also made poor investments in office parks. By 1989, $2.7 billion had been invested from 200,000 investors. and became one of the longest running RELP investment vehicles.

According to Financial World, by 1989 the real estate limited partnership (RELP) market that Public Storage relied on for funding "all but vanished". to purchase self storage facilities. Between 1992 and 1995, Storage Equities paid Public Storage $31 million in management and consulting fees. In 1995, the company spun off its box, locks, and packing and moving supplies business into the PS Orangeco subsidiary; Public Storage said this was done to avoid the risk of losing the company's tax free REIT status if too large a portion of the company's business is no longer related to real estate. By 1998, Public Storage had $141 million in quarterly revenues, and was added to the S&P 500 in 2005. Public Storage had attempted to acquire the company in 2000 and again in 2005, but its offers were rejected. As of 2022, there were 2,836 Public Storage locations in the United States. There are 193 locations in Europe; European locations are operated by Shurgard Europe, which Public Storage owns 49 percent of. There are also 2,546 office parks operated by PS Business Parks, which Public Storage owns a 42 percent interest in. The largest self storage business in Canada is operated by a separate company that is allowed to use the Public Storage brand. Public Storage has very few employees for a company of its size. Customer access to each storage location is automated. Some locations have on site property managers residing who are paid close to minimum wage to monitor the facility, without having to pay utilities or rent.

The contents of a storage unit are put up for auction if the rental fees are not paid for sixty days. Although the TV show Storage Wars created increased interest in the auctions, most units do not contain anything of substantial economic value. Sometimes auctioning the renter's property can result in disputes between Public Storage and the renter.

In 2005, Public Storage said in a public filing that there had been "an increasing number of claims and litigation against owners and managers of rental properties relating to moisture infiltration, which can result in mold or other property damage." The company's rental contract says it is not responsible for the storage unit's contents, even if damage is caused by defects in the unit, and The Wall Street Journal reported that there were "surprisingly few remedies" for theft or property damage at self storage facilities. Kansas, and Washington have reported on difficulties consumers had when filing insurance claims for burglaries with Willis Sales of these insurance policies do have a high profit, but generate less than five percent of the company's total revenue. It combines the capital of a large number of investors for real estate projects. As of 2013, it had a profit margin of 50 percent, the third highest in the S&P 500. Public Storage has risen 17% annually, including dividends over the past 20 years (as of Q1 2016). This is a growth rate which is double the S&P 500. In 1984, PS Reinsurance was formed to sell insurance for a storage unit's contents.