Elliott Management Builds Significant Stake in Public Storage (PSA) - WSJ

Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 5.40% Cumulative Preferred Shares, Series B

December 14, 2020 6:32 AM EST

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.40% Cumulative Preferred Shares, Series B (NYSE: PSAPrB) on January 20, 2021 at $25 per depositary share plus accrued dividends from January 1, 2021 through the date of redemption. The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the depositary shares is $300,000,000.

Company Information

Public Storage, a member of the S&P 500 and FT Global 500, is... More

Public Storage to Host Investor Day May 3, 2021

December 14, 2020 6:31 AM EST

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) today announced that the Company will host an Investor Day, which is anticipated to be held virtually, on May 3, 2021.

The Investor Day will provide an opportunity for investors and analysts to hear from members of Public Storages team as they provide a business update, including discussion of the Companys long-term strategy, growth initiatives, capital allocation priorities and focus on sustainability and diversity.

A live audio webcast of the presentations will be available on the Investor Relations section of the Public Storage... More

ADDING and REPLACING Public Storage Appoints Three New Independent Trustees

December 14, 2020 6:30 AM EST

Shankh Mitra, David Neithercut, and Paul Williams Bring Significant Financial, Real Estate Investing, and Corporate Governance Expertise and Leadership Experience

GLENDALE, Calif.--(BUSINESS WIRE)-- Add after last paragraph of release: "Additional Information" and "Certain Information Regarding Participants" sections.

The updated release reads:

PUBLIC STORAGE APPOINTS THREE NEW INDEPENDENT TRUSTEES

Shankh Mitra, David Neithercut, and Paul Williams Bring Significant Financial, Real Estate Investing, and Corporate Governance Expertise and Leadership Experience

Public Storage (NYSE: PSA) announced today the appointment of... More

Public Storage Appoints Three New Independent Trustees

December 13, 2020 5:54 PM EST

Shankh Mitra, David Neithercut, and Paul Williams Bring Significant Financial, Real Estate Investing, and Corporate Governance Expertise and Leadership Experience

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today the appointment of three new members to its Board of Trustees, effective January 1, 2021, including:

Shankh Mitra, Chief Executive Officer, Chief Investment Officer and director of Welltower Inc. David Neithercut, former President and Chief Executive Officer and current Board member of Equity Residential. Paul Williams, President of the National... More