Public Storage
PSACompany Overview
Public Storage operates as a real estate investment trust, which engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, and Other Items. The Self-storage Operations segment reflects the rental operations from all self-storage facilities. The Ancillary Operations segment deals with the sale of merchandise and reinsurance of policies against losses to goods stored by self-storage tenants, activities which are incidental to the primary self-storage rental activities. The Other Items segment includes general, administrative, and investment costs. The company was founded by Bradley Wayne Hughes, Sr. and Kenneth Q. Volk, Jr. in 1972 and is headquartered in Glendale, CA.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Public Storage |
| Ticker | PSA |
| Main Business | REIT—Industrial |
| Type | REIT |
| Industry | REIT—Industrial |
| Country | US |
| Market Cap | $53.43 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Self-Storage Operations | $3,950.0 | $0.0 | - |
| Ancillary Operations | $236.1 | $0.0 | - |
| Interest income | $40.6 | $40.6 | - |
| Total | $4,226.7 | $40.6 | 0.95% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation | $9,100,000,000.0 | 17.03% |
| Total Interest-Bearing Debt | $9,100,000,000.0 | 17.03% |
| Market Capitalization | $53,429,900,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |