Public Storage
PSA: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$714.00 | Wsks | Hdnhrtvjr |
Same-Store NOI Growth Should Normalize in 2023 for Public Storage After 2 Years of Strength
Business Strategy and Outlook
Public Storage acquires, develops, owns, and operates self-storage facilities, which offer storage spaces of varying sizes and features on a monthly lease for personal and business use. The company also has a lucrative insurance business that offers products to cover losses for the goods in self-storage facilities.