Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2024, we: (i) owned and/or operated 3,333 self-storage facilities located in 40 states with approximately 241 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 315 self-storage facilities located in seven Western European nations with approximately 17 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.
Public Storage, a company with a long-standing presence in the Houston area, has announced plans to lay off more than 100 workers. The layoffs are part of a restructuring effort aimed at improving operational efficiency. While specific details about the departments affected have not been disclosed, the company has indicated that these job cuts are necessary for future growth. The exact timeline for the layoffs has not been provided, leaving uncertainty for the impacted employees.
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