Public Storage Operating Co, founded in 1972 and headquartered in Glendale, California, is a leading provider of self-storage solutions across the United States. The company primarily offers storage units for personal, business, and vehicle storage, catering to a diverse clientele with varying needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PSA 0.50% 2030-09-09 EURPublic Storage Operating Co | United States | 2030-09-09 | 0.500 | 2.94 |
| PSA 0.88% 2032-01-24 EURPublic Storage Operating Co | United States | 2032-01-24 | 0.875 | 3.17 |
| PSA 3.50% 2034-01-20 EURPublic Storage Operating Co | United States | 2034-01-20 | 3.500 | 3.53 |
| PSA 4.38% 2030-07-01 USDPublic Storage Operating Co | United States | 2030-07-01 | 4.375 | 3.96 |
| PSA 5.00% 2035-07-01 USDPublic Storage Operating Co | United States | 2035-07-01 | 5.000 | 4.62 |
| PSA 5.35% 2053-08-01 USDPublic Storage Operating Co | United States | 2053-08-01 | 5.350 | 5.50 |
| PSA 5.95% 2025-07-25 USDPublic Storage Operating Co | United States | 2025-07-25 | 5.945 | 0.00 |
| PSA 6.05% 2027-04-16 USDPublic Storage Operating Co | United States | 2027-04-16 | 6.045 | 3.76 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Public Storage Operating Co has been active in the bond market, issuing its first bonds in the early 2000s to finance expansion initiatives. Notably, the company raised $500 million through a bond issuance in 2021, aimed at funding new facility openings and enhancing existing properties. Currently, their bonds yield approximately 3.5%, which is competitive compared to the industry average. Special features of these bonds include call provisions allowing the company to redeem them prior to maturity, providing flexibility in managing their debt obligations.