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NYSE:PSA 212.35 +0.85 (+0.4%) Volume: 704,913 Refresh Minimum 20 minute delay. October 25, 2016

2016 Results

October 6, 2016 Public Storage Announces Pricing of 4.90% Cumulative Preferred Shares of Beneficial Interest, Series E
John Reyes , Senior Vice President and Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced that the Company has priced a public offering of 14,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 4.90% Cumulative Preferred Share of Beneficial Interest, Series E. The offering is expected to result in $350 million of gross proceeds (assuming no exercise of the underwriters’ overallotment option) and to close on or about October 14, 2016 , subject to customary closing conditions. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities and for general corporate purposes. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. This announcement...
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Corporate Profile

Public Storage is the world’s largest owner and operator of self-storage facilities, serving over one million customers. Public Storage is a member of the S&P 500 and FT Global 500. Common and preferred stock for Public Storage trade on the New York Stock Exchange.