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Public Storage | 5.75% Dep Shares Cumulative Preferred Stock Series T (PSA.PRT)
Prospectus excerpt: We are selling 17,000,000 depositary shares (“Depositary Shares”) each representing 1/1,000 of a 5.750% Cumulative Preferred Share of Beneficial Interest, Series T (“Preferred Shares”). 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. We have granted the underwriters an option to purchase up to 2,550,000 additional Depositary Shares to cover over-allotments. Full Prospectus PDF », Secondary Prospectus PDF », PSA Page »
Series: | T | Alternate symbology: | PSA-T, PSA-PT, PSAprT | Redeemable?: | Yes | Call Date: | 9/28/2017 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 17,000,000 | Overallotment: | 2,550,000 | Liquidation Preference: | $25.00 | Original Coupon: | 5.75% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
Learn PSA.PRT's Rating
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Public Storage is a real estate investment trust. Co. acquires, develops, owns and operates self-storage facilities, which provide storage spaces for lease on a month-to-month basis, for personal and business use. Co. is an owner and operator of self-storage facilities in the U.S. in most primary markets and states. A wholly-owned, consolidated subsidiary of Co. reinsures such policies and thereby assumes various risk of losses under these policies and receives reinsurance premiums substantially equal to the premiums collected from its tenants, from the non-affiliated insurance company. In addition, Co. sells merchandise, primarily locks and cardboard boxes at its self-storage 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: |
109 (see which ones) |
Total Market Value Held by ETFs: |
$7,149,764,263.5 |
Total Market Capitalization: |
$45,583,000,000 |
% of Market Cap. Held by ETFs: |
15.69% |
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