Morningstar
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Oct 29, 2026
Public Storage: Public Storage Earnings: Pressured Profitability Overshadows Improvements in Demand
Summary
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 259 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market
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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.
