This story originally appeared on Zacks
Public Storage PSA is one of the largest owners and operators of storage facilities in the United States. The Public Storage brand is the most recognized and established name in the self-storage industry, with its presence in all the major metropolitan markets of the country.
Apart from benefiting from brand recognition, the company is likely to gain from economies of scale. Moreover, Public Storage remains poised to benefit from its approximately 35% stake in Shurgard Self Storage SA. The Shurgard brand, used by Shurgard Europe, is a well-established and valuable brand in Europe.
Shares of PSA have outperformed its industry in the past three months. The company’s shares have rallied 22.2% compared with the industry’s rise of 10.1%.
Image Source: Zacks Investment Research