Public Storage Canadian Properties
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Public Storage Canadian Properties is a limited partnership not calling itself a REIT but its business is public storage facilities and in the U.S. those types of companies are called real estate investment trusts (assuming they meet the legal requirements, and Public Storage does under Canadian law.
Their Toronto Stock Exchange ticker symbol is PSCP.UN. Their General Partner is Canadian Mini-Warehouse Properties Company (CMP). Canadian Mini-Warehouse Properties manages Public Storage's 27 self-storage sites.
Public Storage Canadian Properties Helps People Moving
Public Storage Canadian operates under the brand name "Public Storage." David P. Singelyn is President.
They have self-storage facilities in four provinces: Alberta, British Columbia, Ontario and Quebec. And they have over 32,000 tenants.
The website mainly concerns the brand name Public Storage and doesn't show which locations are owned by the real estate investment trust and which by other property investors. Still, PSCP.UN will obviously benefit as Canadians move, are temporarily transferred, go into the military, move to smaller houses as they age and so -- the situations that commonly cause people to storage things in these businesses.
Next: Canadian Real Estate Investment Trust -- oldest REIT in Canada
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