GLENDALE, Calif.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests in
its 6.250% Cumulative Preferred Shares, Series Z (NYSE:PSAPrZ), its
6.125% Cumulative Preferred Shares, Series A (NYSE:PSAPrA) and its 6.18%
Cumulative Preferred Shares, Series D (NYSE:PSAPrD) on December 27, 2012
at $25 per depositary share. The aggregate redemption amount to be paid
to all holders of the depositary shares is $112,500,000 for the Series
Z, $115,000,000 for the Series A and $135,000,000 for the Series D for a
total of $362,500,000.
Company Information
Public Storage, a member of the S&P 500 and FT Global 500, is a fully
integrated, self-administered and self-managed real estate investment
trust that primarily acquires, develops, owns and operates self-storage
facilities. The Company’s headquarters are located in Glendale,
California. At September 30, 2012, the Company had interests in 2,069
self-storage facilities located in 38 states with approximately 132
million net rentable square feet in the United States and 189 storage
facilities located in seven Western European nations with approximately
ten million net rentable square feet operated under the “Shurgard”
brand. The Company also owns a 41% common equity interest in PS Business
Parks, Inc. (NYSE:PSB) which owned and operated approximately 28.2
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at September 30, 2012.
Additional information about Public Storage is available on the
Internet. The Company’s web site is www.publicstorage.com.
Public Storage
Clemente Teng
(818) 244-8080, Ext. 1141
Source: Public Storage