Public Storage

Public Storage Declares First Quarter 2024 Dividends

Retrieved on: 
Friday, February 23, 2024

Public Storage (NYSE:PSA) announced today that on February 23, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share.

Key Points: 
  • Public Storage (NYSE:PSA) announced today that on February 23, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share.
  • The Board also declared dividends with respect to our various series of preferred shares.
  • All the dividends are payable on March 28, 2024, to shareholders of record as of March 13, 2024.
  • 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.

Manhattan Mini Storage Takes Over Management of Former Public Storage On West 29th Street

Retrieved on: 
Tuesday, March 5, 2024

NEW YORK, March 5, 2024 /PRNewswire/ -- Manhattan Mini Storage, the largest storage provider in New York City, proudly announces that the former Public Storage building at 155 West 29th Street is now managed and operated by Manhattan Mini Storage.

Key Points: 
  • NEW YORK, March 5, 2024 /PRNewswire/ -- Manhattan Mini Storage, the largest storage provider in New York City, proudly announces that the former Public Storage building at 155 West 29th Street is now managed and operated by Manhattan Mini Storage.
  • The addition of this property to the Manhattan Mini Storage brand marks the twenty-first location in the boroughs with eighteen properties in Manhattan, two in Brooklyn, and one in Queens.
  • Manhattan Mini Storage takes over former Public Storage on 29th Street in New York City, NY.
  • Manhattan Mini Storage on 29th St has made the following enhancements:
    Alex Burnam, Senior Vice President for Manhattan Mini Storage, expressed enthusiasm for this newest acquisition , "Manhattan Mini Storage is as New York as it gets when it comes to living in the city.

Public Storage to Release Fourth Quarter 2023 Earnings Results and Host Quarterly Conference Call

Retrieved on: 
Wednesday, January 31, 2024

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.

Key Points: 
  • 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 September 30, 2023, we had: (i) interests in 3,028 self-storage facilities located in 40 states with approximately 217 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 267 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard® brand.
  • Our headquarters are located in Glendale, California.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240131003404/en/

Public Storage Announces Tax Treatment of 2023 Dividends

Retrieved on: 
Wednesday, January 17, 2024

The ordinary dividends are not “qualified dividend income.” For shareholders other than corporations, the ordinary dividends are “qualified REIT dividends” in determining qualified business income.

Key Points: 
  • The ordinary dividends are not “qualified dividend income.” For shareholders other than corporations, the ordinary dividends are “qualified REIT dividends” in determining qualified business income.
  • This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed.
  • The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s distributions.
  • 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.

Highline Storage Partners Hires Digital Marketing Veteran Craig Olinger to Join Executive Team to Support Continued Growth

Retrieved on: 
Wednesday, January 24, 2024

BIRMINGHAM, Ala., Jan. 24, 2024 /PRNewswire-PRWeb/ -- Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced that it has hired Craig Olinger as its Chief Marketing Officer. Mr. Olinger was most recently with Public Storage since its acquisition of Simply Self Storage in September 2023, prior to which he was Senior Vice President of Digital Marketing at Simply Self Storage (Blackstone's wholly owned self-storage investment platform).

Key Points: 
  • Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced that it has hired Craig Olinger as its Chief Marketing Officer.
  • BIRMINGHAM, Ala., Jan. 24, 2024 /PRNewswire-PRWeb/ -- Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced that it has hired Craig Olinger as its Chief Marketing Officer.
  • "We are thrilled to welcome Craig Olinger to our Highline Storage Partners executive team," said Key Foster, CEO of Highline Storage Partners.
  • "Highline Storage Partners and USA Storage Centers have done a fantastic job of growing their portfolio over the past four years.

Highline Storage Partners Hires Self-Storage Industry Veterans Scott Sebring and Scott Levy To Support Continued Growth

Retrieved on: 
Monday, December 11, 2023

BIRMINGHAM, Ala. , Dec. 11, 2023 /PRNewswire-PRWeb/ -- Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced today that it has hired two self-storage industry veterans: Scott Sebring as Chief Operating Officer and Scott Levy as Chief Investment Officer. Sebring and Levy worked most recently together at Simply Self Storage, Blackstone's wholly owned self-storage investment platform, where they were members of the company's leadership team.

Key Points: 
  • BIRMINGHAM, Ala. , Dec. 11, 2023 /PRNewswire-PRWeb/ -- Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced today that it has hired two self-storage industry veterans: Scott Sebring as Chief Operating Officer and Scott Levy as Chief Investment Officer.
  • "We are excited to welcome Scott Sebring and Scott Levy to the Highline Storage Partners executive team, as they are exceptionally talented professionals with strong operating and investment track records," said Key Foster, CEO of Highline Storage Partners.
  • "Highline Storage Partners and USA Storage Centers are well positioned within the self-storage marketplace for significant growth and industry leadership long into the future.
  • "I have been impressed by Highline Storage Partners' growth since its inception in 2019 and I look forward to helping accelerate that growth trajectory while simultaneously broadening our base of investor relationships."

Public Storage Declares Fourth Quarter 2023 Dividends

Retrieved on: 
Wednesday, November 8, 2023

Public Storage (NYSE:PSA) announced today that on November 8, 2023, our Board of Trustees declared a regular common quarterly dividend of $3.00 per common share.

Key Points: 
  • Public Storage (NYSE:PSA) announced today that on November 8, 2023, our Board of Trustees declared a regular common quarterly dividend of $3.00 per common share.
  • The Board also declared dividends with respect to our various series of preferred shares.
  • All the dividends are payable on December 28, 2023, to shareholders of record as of December 13, 2023.
  • 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.

Public Storage Recognized as the U.S. Self-Storage Sustainability Leader on the GRESB Benchmark

Retrieved on: 
Tuesday, October 17, 2023

Public Storage (NYSE:PSA), the world’s leading owner of self-storage facilities, announced today that the Company is the U.S. self-storage sustainability leader on the 2023 GRESB Real Estate Benchmark, one of the world’s leading ESG benchmarks and reporting frameworks.

Key Points: 
  • Public Storage (NYSE:PSA), the world’s leading owner of self-storage facilities, announced today that the Company is the U.S. self-storage sustainability leader on the 2023 GRESB Real Estate Benchmark, one of the world’s leading ESG benchmarks and reporting frameworks.
  • Public Storage ranks highest amongst its U.S. peer group for sustainability, was named a best-performing Regional Sector Leader, and was awarded an “A” rating for public disclosure in 2023.
  • “We are pleased that the leading sustainability benchmarks, including GRESB, recognize Public Storage’s commitment to sustainability through strong foundations, stakeholder engagement, and embedding our framework into corporate strategy,” said Joe Russell, Chief Executive Officer.
  • “As the leader among U.S. self-storage REITs, Public Storage implements responsible and sustainable programs to promote long-term resilience, growth, and value creation.”
    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.

Public Storage to Release Third Quarter 2023 Earnings Results and Host Quarterly Conference Call

Retrieved on: 
Thursday, October 5, 2023

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.

Key Points: 
  • 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 June 30, 2023, we had: (i) interests in 2,888 self-storage facilities located in 40 states with approximately 206 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 266 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard® brand.
  • Our headquarters are located in Glendale, California.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231005751150/en/

Public Storage Announces Closing of Simply Self Storage Acquisition

Retrieved on: 
Wednesday, September 13, 2023

Public Storage (NYSE:PSA) (the “Company”) announced today that it has completed the previously announced acquisition of Simply Self Storage (“Simply”) from Blackstone Real Estate Income Trust, Inc. (“BREIT”) for $2.2 billion.

Key Points: 
  • Public Storage (NYSE:PSA) (the “Company”) announced today that it has completed the previously announced acquisition of Simply Self Storage (“Simply”) from Blackstone Real Estate Income Trust, Inc. (“BREIT”) for $2.2 billion.
  • Public Storage is deploying its industry-leading brand and operating platform to drive customer recognition and enhance performance.
  • Public Storage funded the acquisition by utilizing its growth-oriented balance sheet to issue $2.2 billion of senior unsecured notes and quickly closed the transaction in a well-coordinated effort with the Simply and Blackstone teams.
  • Public Storage is a leader in its space and will be an excellent steward of this portfolio.”
    Eastdil Secured served as financial advisor to Public Storage, and Wachtell, Lipton, Rosen & Katz and Hogan Lovells US LLP acted as legal advisors.