Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 6.00% Cumulative Prefe...
24 May 2019 - 6:08AM
Business Wire
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests
in its 6.00% Cumulative Preferred Shares, Series Z (NYSE:PSAPrZ) on
June 27, 2019 at $25 per depositary share. The aggregate redemption
amount to be paid to all holders of the depositary shares is
$287,500,000.
Company Information
Public Storage, a member of the S&P 500 and FT Global 500,
is a REIT that primarily acquires, develops, owns and operates
self-storage facilities. At March 31, 2019, we had: (i) interests
in 2,444 self-storage facilities located in 38 states with
approximately 164 million net rentable square feet in the United
States, (ii) an approximate 35% common equity interest in Shurgard
Self Storage SA (Euronext Brussels:SHUR) which owned 231
self-storage facilities located in seven Western European nations
with approximately 13 million net rentable square feet operated
under the “Shurgard” brand and (iii) an approximate 42% common
equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned
and operated approximately 28 million rentable square feet of
commercial space at March 31, 2019. Our headquarters are located in
Glendale, California.
Additional information about Public Storage is available on the
Internet. The Company’s website is PublicStorage.com.
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Ryan Burke(818) 244-8080, Ext. 1141
Public Storage (NYSE:PSA)
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