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Self-Storage REIT Public Storage Releases 2022 Sustainability Report

Public Storage Inc., a self-storage real estate investment trust (REIT) and management company, released its annual sustainability report for 2022. It explains how the company’s engaged and diverse team, innovative and sustainable operations, and financial fortitude continue to position the operation for long-term resilience, growth and value creation, according to a press release.

The publication is available in the sustainability section of publicstorage.com. Highlights include:

  • The company’s recognition by “Forbes” and Statista as one of “America’s Best Large Employers” and by Comparably as a “Choice Employer”
  • The creation of new career paths that bolster employee satisfaction and upward mobility for facility managers and customer-care teams
  • An increase in diversity representation in the management ranks and a formalization of the company’s diversity-hiring policy
  • A reduction in energy consumption, carbon emission, water consumption and waste production by 5% and 22%, on average, over the past one and three years, respectively
  • The formal oversight of sustainability initiatives through clarification of responsibilities across the board of trustees’ committees

“Our nearly 2,800 properties and 5,800 employees are serving our customers and communities with a focus on enhancing our industry-leading digital customer experience; growing through acquisitions, development and third-party management; and bolstering the resilience of our properties and company,” said CEO Joe Russell. “We are pleased to share our progress, commitments and outlook in the 2022 sustainability report.”

Headquartered in Glendale, California, Public Storage has interests in 2,797 self-storage facilities in 39 states, with 199 million net rentable square feet in the United States. It also has a 35% common-equity interest in Shurgard Self-Storage SA, which owns 254 facilities in seven Western European nations.

Source: Public Storage, Public Storage Releases 2022 Sustainability Report

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