AllAnalyst Report
logoMorningstarApril 29, 2021

Public Storage: Expense Reductions Lead to a Q1 Beat for Public Storage

Symbols
PSA
Sector(s)
Real Estate
Rating
Current Price
$260.28
Fair Value
Economic Moat
Stewardship
Summary

Public Storage owns and operates over 2,500 self-storage facilities in 38 states, with over 150 million net rentable square feet of storage space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Europe and to an additional 29 milli

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Analyst Profile

Kevin Brown

Equity Analyst
Kevin Brown is an equity analyst on the finance team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers apartment, healthcare, and hotel REITs and real estate service companies in the United States.Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs.Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.