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.

Closing Price
$25.22
Day's Change
0.0061 (0.02%)
Bid
--
Ask
--
B/A Size
--
Day's High
25.28
Day's Low
25.16
Volume
(Light)
Volume:
5,144

10-day average volume:
11,114
5,144

Apple falls to third place behind Microsoft, Amazon in market cap

4:05 pm ET December 6, 2018 (MarketWatch)
Print

Apple Inc. (AAPL) once again lost its position as the most valuable U.S. company to Microsoft Corp. (MSFT), after its shares fell 1.1% in Thursday's session amid renewed fears about China tensions and weak iPhone demand. The company finished Thursday's session with a market cap of $829 billion, behind Microsoft (MSFT) at $838.3 billion and Amazon.com Inc. (AMZN) at $830.9 billion. Microsoft shares rose 0.6% in Thursday trading and Amazon's stock gained 1.9%. The three companies have been jockeying for the top spot in recent weeks, following years of Apple's dominance. Microsoft and Amazon have been closing the gap as they continue to show strong growth in their cloud-computing businesses (http://www.marketwatch.com/story/its-apple-vs-the-cloud-in-race-to-be-the-worlds-most-valuable-tech-company-2018-12-04). At the same time, there is fresh concern about Apple's ability to continue sustaining iPhone demand at high price points. Apple shares have gained just 3% so far this year, while Amazon's stock has risen 45% and Microsoft's has gained 27%. The S&P 500 is up 0.8% in that time, while the Dow Jones Industrial Average , of which Microsoft and Apple are components, is up 0.9%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 06, 2018 16:05 ET (21:05 GMT)

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