Public Storage Provides Further Hurricane Irma Update
September 15 2017 - 8:12PM
Business Wire
Public Storage (NYSE:PSA) is providing an additional progress
update on the impact of Hurricane Irma. We have re-opened all
properties in South Carolina and Georgia. We have also re-opened
91% of our Florida properties. Due to continuing power outages and
repairs, 9% of our properties in Florida remain closed.
- 259 Florida properties are re-opened
with approximately 17.3 million net rentable square feet and
173,600 units.
- 25 Florida properties continue to be
temporarily closed with approximately 1.9 million net rentable
square feet and 21,200 units.
We will announce other re-openings as soon as we determine that
conditions and access to properties are safe.
We continue to maintain extended hours with 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
(open from 8 a.m. to 1 a.m. EDT Monday through Friday and 8 a.m. to
Midnight EDT Saturday and Sunday).
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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Public StorageClemente Teng(818) 244-8080, Ext. 1141
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