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GLENDALE, Calif.--([ BUSINESS WIRE ])--Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding 6.850% Cumulative Preferred Shares, SeriesY on March 19, 2012 at $25 per preferred share plus accrued dividends from January 1, 2012 through the date of redemption. The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the preferred shares is $8,772,500.

Company Information

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 Companyas headquarters are located in Glendale, California. At September 30, 2011, the Company had interests in 2,056 self-storage facilities located in 38 states with approximately 131 million net rentable square feet in the United States and 189 storage facilities located in seven Western European nations with approximately ten million net rentable square feet operated under the aShurgarda brand. The Company also owns a 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 27.2 million rentable square feet of commercial space, primarily flex, multi-tenant office and industrial space, at December 31, 2011.

Additional information about Public Storage is available on the Internet. The Companyas web site is [ www.publicstorage.com ].