Company: PSA-PH
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001393311-25-000036
Chunk: 135

Company: Public Storage
Filing Date: 2025-02-24
Form: 10-K
Item: Item 15
Chunk 135
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 by the holders on a one-for-one basis for common shares of the Company or cash at our option. The holders of OP Units and vested LTIP units are entitled to receive per-unit cash distributions equal to the per-share dividends received by our common shareholders. At December 31, 2024, approximately 0.13% of the partnership interests of PSA OP, representing 227,340 vested LTIP units, were not owned by the Company. There were no outstanding OP Units not owned by the Company at December 31, 2024. We adjust the balance of noncontrolling interests of PSA OP to reflect their proportionate share of the net assets of PSA OP as of the end of each period.

F-23

PUBLIC STORAGENOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024

9.    Shareholders’ EquityPreferred SharesAt December 31, 2024 and 2023, we had the following series of Cumulative Preferred Shares (“Preferred Shares”) outstanding:   At December 31, 2024At December 31, 2023SeriesEarliest Redemption DateDividend RateShares OutstandingLiquidation PreferenceShares OutstandingLiquidation Preference   (Dollar amounts in thousands)Series F6/2/20225.150 %11,200 $280,000 11,200 $280,000 Series G8/9/20225.050 %12,000 300,000 12,000 300,000 Series H3/11/20245.600 %11,400 285,000 11,400 285,000 Series I9/12/20244.875 %12,650 316,250 12,650 316,250 Series J11/15/20244.700 %10,350 258,750 10,350 258,750 Series K12/20/20244.750 %9,200 230,000 9,200 230,000 Series L6/17/20254.625 %22,600 565,000 22,600 565,000 Series M8/14/20254.125 %9,200 230,000 9,200 230,000 Series N10/6/20253.875 %11,300 282,500 11,300 282,500 Series O11/17