Public Storage Provides Hurricane Irma Update
September 12 2017 - 5:53PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170912006867/en/
Public StorageClemente Teng(818) 244-8080, Ext. 1141
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