Public Storage

Public Storage: $4B revenue, $2B net income

Sam claims Public Storage is one of the most profitable companies on the market by margin, doing $4 billion in revenue and $2 billion in net income, without the high-cost concierge model new storage startups use.

“By margin. So it does $4 billion in revenue and $2 billion in net income. Interesting. Yeah, it's like the most profitable thing. Now they don't do what— they don't do all this high-cost shit that all the new startups do where they like want to bring you your stuff. They just say like, here's a room, bring your stuff, it's yours, give us $100 a month.”