Public Storage
701 Western Avenue
Glendale,
CA 91201-2349
United States - Map
Phone: 818-244-8080
Fax: 818-244-9530
Web Site: http://www.publicstorage.com
| Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The companys self-storage facilities offer storage spaces for lease on a month-to-month basis for personal and business use. Public Storage also has interests in commercial properties containing commercial and industrial rental space; facilities that lease storage containers; and ancillary operations, which include reinsurance of policies against losses to goods stored by its self-storage tenants, retail operations comprising merchandise sales and truck rental operations. As of December 31, 2008, the company had interests in 2,012 self-storage facilities with approximately 127 million net rentable square feet in 38 states; and 181 self-storage facilities with approximately 10 million net rentable square feet in 7 western European nations. It also had direct and indirect equity interests in approximately 21 million net rentable square feet of commercial space located in 11 states in the U.S. As a REIT, the company would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Public Storage was founded in 1971 and is based in Glendale, California. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. B. Wayne Hughes , 75
Chairman and Consultant |
N/A
| N/A | Mr. Ronald L. Havner Jr., 50
Vice Chairman, Chief Exec. Officer, Pres and Chairman of the Board of Directors PSB |
$
16.95M |
$
6.26M | Mr. John Reyes , 48
Chief Financial Officer, Principal Accounting Officer and Sr. VP |
$
8.70M |
$
698.00K | Mr. Mark C. Good , 52
Chief Operating Officer and Sr. VP |
$
557.00K | N/A | Mr. David F. Doll , 50
Sr. VP and Pres of Real Estate Group |
$
670.00K | N/A |
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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0.45% Nasdaq 
0.20%
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