Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 6.375% Cumulative Pref...
February 22 2019 - 4:02PM
Business Wire
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests
in its 6.375% Cumulative Preferred Shares, Series Y (NYSE:PSAPrY)
on March 28, 2019 at $25 per depositary share. The aggregate
redemption amount to be paid to all holders of the depositary
shares is $285,000,000.
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 September 30, 2018, the Company
had interests in 2,418 self-storage facilities located in 38 states
with approximately 161 million net rentable square feet in the
United States and 228 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 wholly owned and operated
approximately 28 million rentable square feet of commercial space
at September 30, 2018.
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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