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Net income. US$2.16 billion (2023) ... Public Storage is an American international self storage company ... Forbes estimated that by this time the company was worth ...
Bradley Wayne Hughes (September 28, 1933 – August 18, 2021) was an American billionaire businessman, the founder and chairman of Public Storage, [1] the largest self-storage company in the U.S. doing business as a real estate investment trust (REIT). [2] At the time of his death, Hughes had an estimated net worth of US$3.3 billion. [3]
[1] [2] The daughter of Public Storage co-founder and chairman B. Wayne Hughes, [3] Gustavson is Public Storage’s largest shareholder, owning 11% of the company. [2] As of August 2022, she ranked #251 on the Forbes 400 with a net worth of $8 billion.
At present (2016), he is a member of the Board of Trustees of Public Storage, ... According to Forbes, Hughes Jr.'s estimated net worth is $2 billion ...
In August 2013, the company became a public company via an initial public offering. [1] In March 2016, the company merged with American Residential Properties, Inc. [4] In January 2023, the company announced a branding change from American Homes 4 Rent to AMH in a public news release and a notice to investors. [5] [6]
The move represents a ramped-up effort by Public Storage to acquire its smaller competitor, following the rejection of an earlier bid. [29] In April, Life Storage agreed to be acquired by Extra Space Storage for $12.7 billion. [30] The acquisition completed in July and became the largest self-storage space operator by store count in the U.S ...
The latter develops and manages industrial parks, incubators, and mini storage facilities throughout Southern California. [3] Abernethy served as vice president, Secretary, and Treasurer of the National Self Storage Service Association from 1978 to 1986. [3] He also served on Public Storage’s Board of Directors from 1980 to 2007. [4]
The company was formed in 1990 as a division of Public Storage. [4]In 1998, the company was spun-off from its parent. [5]In 2002, the company acquired Metro Park North, a 17-building business park in Rockville, Maryland for $125 million.
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