Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 5.750% Cumulative Pref...
August 04 2017 - 4:07PM
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 StorageClemente Teng(818) 244-8080, Ext. 1141
Public Storage (NYSE:PSA)
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