Public Storage (NYSE:PSA) is providing an additional progress update on
the impact of Hurricane Irma. We have re-opened all properties in South
Carolina and Georgia. We have also re-opened 91% of our Florida
properties. Due to continuing power outages and repairs, 9% of our
properties in Florida remain closed.
259 Florida properties are re-opened with approximately 17.3 million
net rentable square feet and 173,600 units.
25 Florida properties continue to be temporarily closed with
approximately 1.9 million net rentable square feet and 21,200 units.
We will announce other re-openings as soon as we determine that
conditions and access to properties are safe.
We continue to maintain extended hours with our dedicated hotline (866)
381-0520 for those impacted by Hurricane Irma and any customer who would
like to speak to a Public Storage Team Member (open from 8 a.m. to 1
a.m. EDT Monday through Friday and 8 a.m. to Midnight EDT Saturday and
Public Storage, a member of the S&P 500 and FT Global 500, is a fully
integrated, self-administered and self-managed real estate investment
trust that primarily acquires, develops, owns and operates self-storage
facilities. The Company’s headquarters are located in Glendale,
California. At June 30, 2017, the Company had interests in 2,358
self-storage facilities located in 38 states with approximately 156
million net rentable square feet in the United States and 220 storage
facilities located in seven Western European nations with approximately
12 million net rentable square feet operated under the “Shurgard” brand.
The Company also owns a 42% common equity interest in PS Business Parks,
Inc. (NYSE:PSB) which owned and operated approximately 28 million
rentable square feet of commercial space, primarily flex, multi-tenant
office and industrial space, at June 30, 2017.
Additional information about Public Storage is available on the
Internet. The Company’s web site is PublicStorage.com.
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