GLENDALE, Calif.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests in
its 5.750% Cumulative Preferred Shares, Series T (NYSE:PSAPrT) on
September 28, 2017 at $25 per depositary share. The aggregate redemption
amount to be paid to all holders of the depositary shares is
$462,500,000.
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 June 30, 2017, the Company had interests in 2,358
self-storage facilities located in 38 states with approximately 156
million net rentable square feet in the United States and 220 storage
facilities located in seven Western European nations with approximately
12 million net rentable square feet operated under the “Shurgard” brand.
The Company also owns a 42% common equity interest in PS Business Parks,
Inc. (NYSE:PSB) which owned and operated approximately 28 million
rentable square feet of commercial space, primarily flex, multi-tenant
office and industrial space, at June 30, 2017.
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Public Storage
Clemente Teng
(818) 244-8080, Ext. 1141
Source: Public Storage