Preferred Securities
Preferred Securities
The following lists the series of Preferred Shares ($25 per depositary share Liquidation value) that currently trade on the New York Stock Exchange, including the ticker symbol, distribution rate, annual dividend per share and date upon which such shares first will be subject to redemption at our option.  Click the PDF icon for the corresponding prospectus supplement.

NYSE ticker
symbol
Distribution rateAnnual dividend per depositary shareDate first redeemableProspectus supplement
Depositary Shares Representing 1/1000 of a 6.875% Cumulative Preferred Share, Series O $.01 par valuePSAPrO6.875%$1.71875Apr 15, 2015PDF
Depositary Shares Representing 1/1000 of a 6.500% Cumulative Preferred Share, Series P $.01 par valuePSAPrP6.500%$1.625Oct 07, 2015PDF
Depositary Shares Representing 1/1000 of a 6.500% Cumulative Preferred Share, Series Q $.01 par valuePSAPrQ6.500%$1.625Apr 14, 2016PDF
Depositary Shares Representing 1/1000 of a 6.35% Cumulative Preferred Share of Beneficial Interest, Series R $0.01 par valuePSAPrR6.3500%$1.5875Jul 26, 2016PDF
Depositary Shares Representing 1/1000 of a 5.90% Cumulative Preferred Share of Beneficial Interest, Series S $0.01 par valuePSAPrS5.900%$1.475Jan 12 , 2017PDF
Depositary Shares Representing 1/1000 of a 5.75% Cumulative Preferred Share of Beneficial Interest, Series T $0.01 par valuePSAPrT5.750%$1.4375Mar 13 , 2017PDF
Depositary Shares Representing 1/1000 of a 5.625% Cumulative Preferred Share of Beneficial Interest, Series U $0.01 par valuePSAPrU5.625%$1.40625Jun 15 , 2017PDF
Depositary Shares Representing 1/1000 of a 5.375% Cumulative Preferred Share of Beneficial Interest, Series V $0.01 par valuePSAPrV5.375%$1.34375Sep 20 , 2017PDF
Depositary Shares Representing 1/1000 of a 5.20% Cumulative Preferred Share of Beneficial Interest, Series W $0.01 par valuePSAPrW5.20%$1.30Jan 16 , 2018PDF
Depositary Shares Representing 1/1000 of a 5.20% Cumulative Preferred Share of Beneficial Interest, Series X $0.01 par valuePSAPrX5.20%$1.30Mar 13 , 2018PDF
Depositary Shares Representing 1/1000 of a 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y $0.01 par valuePSAPrY6.375%$1.59375Mar 17 , 2019PDF      PDF
Depositary Shares Representing 1/1000 of a 6.00% Cumulative Preferred Share of Beneficial Interest, Series Z $0.01 par value PSAPrZ6.00%$1.50 Jun 4, 2019PDF
Ranking. The Preferred Shares of each series rank, with respect to distribution rights and rights upon liquidation, dissolution or winding up of our affairs:
(1) senior to our common shares, any future equity shares and any future series of Preferred Shares ranking junior to the outstanding Preferred Shares; and
(2) on a parity with all other Preferred Shares issued or reserved for issuance in the future.

 
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