Public Storage
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap BlendCompany profile

Public Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe. As of December 31, 2016, the Company had direct and indirect equity interests in 2,348 self-storage facilities (with approximately 154 million net rentable square feet) located in 38 states in the United States operating under the Public Storage name.

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UPDATE: Amazon briefly pushes past Apple as the biggest U.S. company by market cap, then pares gains

2:51 pm ET December 3, 2018 (MarketWatch)
Print Inc. (AMZN) pushed past Apple Inc. (AAPL) as the biggest U.S. company by market capitalization in intraday trade, before its stock pared some gains. If Amazon could retake that position at the close, it would be the first time Amazon would hold that title, according to Dow Jones Market Data. With 488,968,628 shares outstanding as of Oct. 17, according to the most recent quarterly filing, Amazon's stock was up 4.9% to represent a market cap of $866.63 billion. At the same time, Apple's stock was up 2.1%, but with 4,745,398,000 shares outstanding as of Oct. 26, its market cap was $865.18 billion. Currently, Apple's market cap ( is $863.05 billion, while Amazon's is $862.36 billion. Microsoft Corp. (MSFT) was a not-so-distant third at $856.82 billion, based on the stock being up 0.7% and with 7,676,218,736 shares outstanding as of Oct. 19. Over the past three months, Amazon shares have shed 12%, Apple's stock has lost 20% and Microsoft's stock has slipped 0.6%, while the Dow Jones Industrial Average has eased 0.8%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

December 03, 2018 14:51 ET (19:51 GMT)

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