Public Storage 5.40% Cumulative Preferred Stock Series B

Date Issued  01/12/2016

Shares Issued  11,000,000      Overallotment Shares   1,000,000

S&P Rating   BBB+   Moodys Rating   A3

Security Ticker Symbol   PSA-B    OTC Temporary Ticker   PBSTP

Market Traded ON   NYSE

Dividend Payment Paid on the last day of March, June, September and December beginning on 03/31/2016

Quarterly Dividend   .3375   Annual Dividend   1.35

Securities may be redeemed, at the issuers option, as early as 1/20/2021  the call price is $25 plus accrued dividends

Dividend Payment will NOT be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)

Maturity Date   None

Company Investor Relations Page for Public Storage

Below you can find the offering Prospectus and/or Final Pricing Document