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Public Storage | 5.60% Cumulative Preferred Share of Beneficial Interest, Series H (PSA.PRH)
Prospectus excerpt: We are selling 11,400,000 depositary shares (the ìDepositary Sharesî) each representing 1/1,000 of a 5.60% Cumulative Preferred Share of Beneficial Interest, Series H (the ìPreferred Sharesî). The Preferred Shares represented by the Depositary Shares will be deposited with Computershare Trust Company, N. A., as depositary. As a holder of Depositary Shares, you will be entitled to all proportional rights, preferences and privileges of the Preferred Shares. The following is a summary of the Preferred Shares: We will pay cumulative distributions on the Preferred Shares, from, and including, the date of original issuance, at the rate of 5.60% of the liquidation preference per year ($1.40 per year per Depositary Share). We will pay distributions on the Preferred Shares quarterly on March 31, June 30, September 30 and December 31 of each year, beginning on March 31, 2019 (with the payment on that date being based pro rata on the number of calendar days from the original issuance of the Preferred Shares). We are not allowed to redeem the Preferred Shares before March 11, 2024, except in order to preserve our status as a real estate investment trust. On and after March 11, 2024, we may, at our option, redeem the Preferred Shares by paying you $25.00 per Depositary Share, plus any accrued and unpaid distributions. Full Prospectus PDF », Secondary Prospectus PDF », PSA Page »
Series: | H | Alternate symbology: | PSA-H, PSA-PH, PSAprH | Redeemable?: | Yes | Call Date: | 3/11/2024 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 11,400,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $23.03 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-1.97 (-7.88%) | Annualized Dividend: | 1.4 | Recent Ex-Date: | 12/13/2024 | Current Yield: | 6.08% | Original Coupon: | 5.60% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
Learn PSA.PRH's Rating
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Public Storage is a real estate investment trust (REIT). Co. is engaged in the ownership and operation of self-storage facilities and other related operations including tenant reinsurance and third-party self-storage management. It offers storage spaces for lease on a month-to-month basis, for personal and business use. Its segments include Self-Storage Operations and Ancillary Operations. The Self-Storage Operations segment includes the aggregated rental operations from the self-storage facilities it owns from same store facilities, acquired facilities, developed, and expanded facilities, and other non-same store facilities. Preferreds: PSA.PRT, PSA.PRU, PSA.PRV, PSA.PRW, PSA.PRX, PSA.PRY, PSA.PRZ, PSA.PRA, PSA.PRB, PSA.PRC, PSA.PRD, PSA.PRE, PSA.PRF, PSA.PRG, PSA.PRH, PSA.PRI, PSA.PRJ, PSA.PRK, PSA.PRL, PSA.PRM, PSA.PRN, PSA.PRO, PSA.PRP, PSA.PRQ, PSA.PRR, PSA.PRS Open the PSA Information Page »
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Name: |
Public Storage |
Website: |
www.publicstorage.com |
Sector: |
REITs |
Number of ETFs Holding PSA: |
233 (see which ones) |
Total Market Value Held by ETFs: |
$16,341,064,664.1 |
Total Market Capitalization: |
$51,738,000,000 |
% of Market Cap. Held by ETFs: |
31.58% |
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