Elliott takes on Public Storage, real estate investment laggard


Signage stands on the building of a Public Storage facility in San Francisco, California, U.S., on Friday, April 21, 2017.

David Paul Morris | Bloomberg | Getty Images

Elliott Associates sees a runway beneath Public Storage, and is pushing the self-storage company to boost investment and catch up to industry peers’ growth.

The company is one of the best known and better positioned in the self-storage space but hasn’t built up its asset base enough to stave off competition and is leaving too much money on the table with variable pricing algorithms and poor customer experience, according to the activist firm. The stock has underperformed storage peers by more than 300% in the last…


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