Public Storage Files 8-K on Financial Instruments
Ticker: PSA-PS · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1393311
| Field | Detail |
|---|---|
| Company | Public Storage (PSA-PS) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.10, $0.01, $2,000,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-instruments, preferred-stock, reit
Related Tickers: PSA
TL;DR
PSA filed an 8-K detailing common and preferred stock series F-N. Check for dividend info.
AI Summary
On December 2, 2024, Public Storage filed an 8-K report detailing various financial instruments, including common stock and preferred stock series F through N. The filing also includes exhibits related to these financial components. The company is a real estate investment trust based in Glendale, California.
Why It Matters
This filing provides an update on Public Storage's capital structure, which could impact investors' understanding of the company's financial health and available equity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate operational or financial distress.
Key Players & Entities
- Public Storage (company) — Filer
- 0001393311 (company) — Central Index Key
- Glendale, CA (location) — Business Address
- Series F Preferred Stock (financial_instrument) — Filed Financial Instrument
- Series N Preferred Stock (financial_instrument) — Filed Financial Instrument
FAQ
What specific types of preferred stock are detailed in the filing?
The filing details preferred stock series F through N, including depositary shares representing fractional interests in these preferred stocks.
What is the primary business of Public Storage?
Public Storage is a real estate investment trust (REIT) operating in the real estate sector.
When was this 8-K filing submitted?
The filing was submitted on December 3, 2024.
What is the company's fiscal year end?
Public Storage's fiscal year ends on December 31.
What is the SIC code for Public Storage?
The Standard Industrial Classification (SIC) code for Public Storage is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 2,091 words · 8 min read · ~7 pages · Grade level 12.4 · Accepted 2024-12-03 06:09:03
Key Financial Figures
- $0.10 — ge on Which Registered Common shares, $0.10 par value PSA New York Stock Exchan
- $0.01 — 0 of a 5.150% Cum Pref Share, Series F, $0.01 par value PSAPrF New York Stock Exc
- $2,000,000,000 — up to an aggregate gross sales price of $2,000,000,000 of the Company's common shares of benef
Filing Documents
- d880498d8k.htm (8-K) — 64KB
- d880498dex11.htm (EX-1.1) — 439KB
- d880498dex51.htm (EX-5.1) — 23KB
- g880498g1130084818982.jpg (GRAPHIC) — 2KB
- 0001193125-24-269348.txt ( ) — 894KB
- psa-20241202.xsd (EX-101.SCH) — 8KB
- psa-20241202_def.xml (EX-101.DEF) — 20KB
- psa-20241202_lab.xml (EX-101.LAB) — 37KB
- psa-20241202_pre.xml (EX-101.PRE) — 22KB
- d880498d8k_htm.xml (XML) — 27KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Equity Distribution Agreement by and among the Company, PSOC, the Managers and the Forward Purchasers dated December 2, 2024 5.1 Opinion of Hogan Lovells US LLP with respect to the legality of the Common Shares 23.1 Consent of Hogan Lovells US LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PUBLIC STORAGE Date: December 3, 2024 By: /s/ Nathaniel A. Vitan Nathaniel A. Vitan Senior Vice President, Chief Legal Officer and Corporate Secretary