Business Units or Product Lines

Public Storage operates primarily through its self-storage facilities across the United States, offering storage unit rentals for personal, business, and vehicle storage needs. The company also engages in ancillary operations such as tenant insurance and moving supplies.

Business Models for Each Product Line

Public Storage generates revenue through rental income from its self-storage facilities. Customers typically pay monthly rent to use these storage spaces. Major expenses for the company include property maintenance, marketing, administrative costs, and real estate taxes. Additionally, revenue is also generated from the sales of tenant insurance and moving supplies.

Future Opportunities for Growth

Public Storage has opportunities for growth through expansion into underserved urban areas, development of new facilities, acquisition of existing facilities, and enhancement of its digital platforms for improved customer service. The company can also explore international markets to diversify its revenue streams.

Potential Major Risks

Challenges faced by Public Storage include economic downturns that may affect consumer spending, rising real estate and construction costs impacting new developments, regulatory changes, and increased competition from other self-storage operators. Additionally, natural disasters can pose risks to physical assets and business operations.