GLENDALE, Calif.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) is providing a progress update on the impact
of Hurricane Irma. Approximately twenty-four hours after Hurricane
Irma's exit from Florida, we have re-opened 56% of our properties
throughout Florida. Due to continuing power outages, repairs and our
teams’ continuing “on-the-ground” assessments, approximately 44% of our
properties remain closed.
- Florida: 159 of 284 properties are re-opened with approximately
10.6 million net rentable square feet and 104,600 units; 125
properties without power remain temporarily closed representing
approximately 8.5 million net rentable square feet and 89,300 units.
- South Carolina: two properties are re-opened with approximately
63,000 net rentable square feet and 800 units; four properties remain
temporarily closed representing approximately 235,000 net rentable
square feet and 1,600 units.
- Georgia: three properties remain temporarily closed
representing approximately 260,000 net rentable square feet and 2,000
units.
As we determine that conditions and access to properties are safe, we
will announce re-openings as soon as practical.
Our dedicated hotline (866) 381-0520 for those impacted by Hurricane
Irma and any customer who would like to speak to a Public Storage Team
Member remains open from 8 a.m. to 1 a.m. EDT Monday through Friday and
8 a.m. to Midnight EDT Saturday and Sunday. We will also keep our
customers informed of any updates by email.
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.
Additional information about Public Storage is available on the
Internet. The Company’s web site is PublicStorage.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170912006867/en/
Public Storage
Clemente Teng
(818) 244-8080, Ext. 1141
Source: Public Storage