PreferredStockChannel
Public Storage | 3.950% Dep Shares Cumulative Preferred Share Series Q (PSA.PRQ)

Prospectus excerpt:  We are selling 5,000,000 depositary shares (the “Depositary Shares”) each representing 1/1,000 of a 3.950% Cumulative Preferred Share of Beneficial Interest, Series Q (the “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 additional 750,000 Depositary Shares solely to cover over-allotments, if any.

Full Prospectus PDF », Secondary Prospectus PDF », PSA Page »

Series:Q
Alternate symbology:PSA-Q, PSA-PQ, PSAprQ
Redeemable?:Yes
Call Date:8/17/2026
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:5,000,000
Overallotment:750,000
Liquidation Preference:$25.00
Recent Market Price:$18.14
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.86 (-27.44%)
Annualized Dividend:0.9875
Recent Ex-Date:3/12/2024
Current Yield:5.44%
Original Coupon:3.95%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn PSA.PRQ's Rating
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


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Name: 
Public Storage
Website: 
www.publicstorage.com
Sector: 
REITs
Number of ETFs Holding PSA: 
112 (see which ones)
Total Market Value Held by ETFs: 
$7,709,369,392.05
Total Market Capitalization: 
$48,452,000,000
% of Market Cap. Held by ETFs: 
15.91%

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