UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934

For the period ended September 30, 2002

                                       or

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934

For the transition period from                 to
                               ---------------    ---------------

Commission File Number 0-8667
                       ------

                         PUBLIC STORAGE PROPERTIES, LTD.
                         -------------------------------
             (Exact name of registrant as specified in its charter)


               California                                             95-3196912
----------------------------------------                              ----------
(State or other jurisdiction of                                 (I.R.S. Employer
incorporation or organization)                            Identification Number)

      701 Western Ave.
         Glendale, California                                              91201
--------------------------------------                                     -----
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code:               (818) 244-8080
                                                                  --------------


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.

                                    Yes X No
                                       ---  ---

<PAGE>

                                      INDEX

                                                                            Page
                                                                            ----

PART I.   FINANCIAL INFORMATION

Condensed balance sheets at September 30, 2002
     and December 31, 2001                                                     2

Condensed statements of income for the three and nine
     months ended September 30, 2002 and 2001                                  3

Condensed statement of partners' equity for the
     nine months ended September 30, 2002                                      4

Condensed statements of cash flows for the
     nine months ended September 30, 2002 and 2001                             5

Notes to condensed financial statements                                      6-7

Management's discussion and analysis of
     financial condition and results of operations                           8-9

Risk Factors                                                               10-11

Controls and Procedures                                                       11

PART II.  OTHER INFORMATION

Item 1  Legal Proceedings                                                     12

Item 6  Exhibits and Reports on Form 8-K                                      12

<PAGE>

                         PUBLIC STORAGE PROPERTIES, LTD.
                            CONDENSED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                            September 30,         December 31,
                                                                                2002                  2001
                                                                           ----------------     ----------------
                                                                             (Unaudited)

                                     ASSETS

<S>                                                                         <C>                  <C>
Cash and cash equivalents                                                   $      536,000       $      175,000
Rent and other receivables                                                          52,000              157,000

Real estate facilities, at cost:
     Building, land improvements and equipment                                   9,202,000            9,021,000
     Land                                                                        2,476,000            2,476,000
                                                                           ----------------     ----------------
                                                                                11,678,000           11,497,000

     Less accumulated depreciation                                              (8,022,000)          (7,636,000)
                                                                           ----------------     ----------------
                                                                                 3,656,000            3,861,000

Other assets                                                                        36,000               49,000
                                                                           ----------------     ----------------

Total assets                                                                $    4,280,000       $    4,242,000
                                                                           ================     ================


                        LIABILITIES AND PARTNERS' EQUITY


Accounts payable                                                            $      125,000       $       56,000
Deferred revenue                                                                   151,000              132,000
Note payable to commercial bank                                                          -            2,000,000

Partners' equity:
     Limited partners' equity, $500 per unit, 20,000 units
       authorized, issued and outstanding                                        2,973,000            1,525,000
     General partners' equity                                                    1,031,000              529,000
                                                                           ----------------     ----------------

     Total partners' equity                                                      4,004,000            2,054,000
                                                                           ----------------     ----------------

Total liabilities and partners' equity                                      $    4,280,000       $    4,242,000
                                                                           ================     ================
</TABLE>
                            See accompanying notes.
                                       2

<PAGE>

                         PUBLIC STORAGE PROPERTIES, LTD.
                         CONDENSED STATEMENTS OF INCOME
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                 Three Months Ended                     Nine months Ended
                                                                    September 30,                         September 30,
                                                        -----------------------------------    -----------------------------------
                                                              2002                2001               2002               2001
                                                        ----------------   ----------------    ----------------   ----------------
  REVENUES:

  <S>                                                    <C>                <C>                 <C>                <C>
  Rental income                                          $    1,459,000     $    1,532,000      $    4,410,000     $    4,441,000
  Other income                                                    9,000              2,000              28,000              7,000
                                                        ----------------   ----------------    ----------------   ----------------

                                                              1,468,000          1,534,000           4,438,000          4,448,000
                                                        ----------------   ----------------    ----------------   ----------------

  COSTS AND EXPENSES:

  Cost of operations                                            312,000            304,000             878,000            879,000
  Management fees paid to affiliate                              87,000             91,000             264,000            266,000
  Depreciation                                                  129,000            133,000             386,000            400,000
  Administrative                                                 17,000             19,000              69,000             63,000
  Interest expense                                                    -             47,000              13,000            195,000
                                                        ----------------   ----------------    ----------------   ----------------

                                                                545,000            594,000           1,609,000          1,803,000
                                                        ----------------   ----------------    ----------------   ----------------

  NET INCOME                                             $      923,000     $      940,000      $    2,828,000     $    2,645,000
                                                        ----------------   ----------------    ----------------   ----------------

  Limited partners' share of net income ($128.80 per
    unit in 2002 and $130.95 per unit in 2001)                                                  $    2,576,000     $    2,619,000

  General partners' share of net income                                                                252,000             26,000
                                                                                               ----------------   ----------------

                                                                                                $    2,828,000     $    2,645,000
                                                                                               ================   ================
</TABLE>
                            See accompanying notes.
                                       3

<PAGE>

                         PUBLIC STORAGE PROPERTIES, LTD.
                     CONDENSED STATEMENT OF PARTNERS' EQUITY
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                                                       Total
                                                           Limited              General              Partners'
                                                          Partners              Partners              Equity
                                                      ------------------   ------------------    ------------------
<S>                                                    <C>                  <C>                   <C>
Balance at December 31, 2001                           $      1,525,000     $        529,000      $      2,054,000

Net income                                                    2,576,000              252,000             2,828,000

Distributions                                                  (650,000)            (228,000)             (878,000)

Equity transfer                                                (478,000)             478,000                     -
                                                      ------------------   ------------------    ------------------

Balance at September 30, 2002                          $      2,973,000     $      1,031,000      $      4,004,000
                                                      ==================   ==================    ==================
</TABLE>
                            See accompanying notes.
                                       4

<PAGE>

                         PUBLIC STORAGE PROPERTIES, LTD.
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                      Nine months Ended
                                                                                        September 30,
                                                                             --------------------------------------
                                                                                   2002                 2001
                                                                             -----------------    -----------------
  Cash flows from operating activities:

  <S>                                                                         <C>                  <C>
    Net income                                                                $     2,828,000      $     2,645,000

    Adjustments to reconcile net income to net cash provided by operating
       activities:

         Depreciation                                                                 386,000              400,000
         Decrease (increase) in rent and other receivables                            105,000              (29,000)
         Decrease in other assets                                                      13,000               27,000
         Increase in accounts payable                                                  69,000               86,000
         Increase (decrease) in deferred revenue                                       19,000              (30,000)
                                                                             -----------------    -----------------

             Total adjustments                                                        592,000              454,000
                                                                             -----------------    -----------------

             Net cash provided by operating activities                              3,420,000            3,099,000
                                                                             -----------------    -----------------

  Cash flows from investing activities:

    Additions to real estate facilities                                              (181,000)            (163,000)
                                                                             -----------------    -----------------

             Net cash used in investing activities                                   (181,000)            (163,000)
                                                                             -----------------    -----------------

  Cash flows from financing activities:

    Distributions paid to partners                                                   (878,000)                   -
    Principal payments on note payable to commercial bank                          (2,000,000)          (3,000,000)
                                                                             -----------------    -----------------

             Net cash used in financing activities                                 (2,878,000)          (3,000,000)
                                                                             -----------------    -----------------

  Net increase (decrease) in cash and cash equivalents                                361,000              (64,000)

  Cash and cash equivalents at the beginning of the period                            175,000              324,000
                                                                             -----------------    -----------------

  Cash and cash equivalents at the end of the period                          $       536,000      $       260,000
                                                                             =================    =================
</TABLE>
                            See accompanying notes.
                                       5

<PAGE>

                        PUBLIC STORAGE PROPERTIES, LTD.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (UNAUDITED)


1.       The accompanying unaudited condensed financial statements have been
         prepared pursuant to the rules and regulations of the Securities and
         Exchange Commission. Certain information and footnote disclosures
         normally included in financial statements prepared in accordance with
         generally accepted accounting principles have been condensed or omitted
         pursuant to such rules and regulations, although management believes
         that the disclosures contained herein are adequate to make the
         information presented not misleading. These unaudited condensed
         financial statements should be read in conjunction with the financial
         statements and related notes appearing in the Partnership's Form 10-K
         for the year ended December 31, 2001.

2.       In the opinion of management, the accompanying unaudited condensed
         financial statements reflect all adjustments, consisting of only normal
         accruals, necessary to present fairly the Partnership's financial
         position at September 30, 2002, the results of its operations for the
         three and nine months ended September 30, 2002 and 2001 and its cash
         flows for the nine months then ended.

3.       The results of operations for the three and nine months ended September
         30, 2002 are not necessarily indicative of the results expected for the
         full year.

4.       During October 1998, we borrowed $12,400,000 from a commercial bank.
         The loan is unsecured and bears interest at the London Interbank
         Offering Rate ("LIBOR") plus 0.55%. The loan was scheduled to mature
         October 2002. During the second quarter of 2002, the Partnership paid
         the loan in full without penalty.

         We also entered into two interest rate swap agreements to reduce the
         impact of changes in interest rates on a portion of its floating rate
         debt. The first agreement, which covered $5,000,000 of debt through
         October 2000, effectively changed the interest rate exposure from
         floating rate to a fixed rate of 5.205%. The second agreement covered
         $2,500,000 of debt through October 2001 and effectively changed the
         interest rate exposure from floating rate to a fixed rate of 5.33%.
         Market gains and losses on the value of the swap were deferred and
         included in income over the life of the contract. We recorded the
         differences paid or received on the interest rate swap in interest
         expense as payments are made or received.

5.       The Partnership recommenced distributions to partners in the third
         quarter of 2002. Distributions of $32.50 per limited partnership unit,
         for a total of $650,000, were paid on September 13, 2002. Also,
         distributions in the amount of $228,000 were paid to the general
         partners in accordance with the provisions of the partnership
         agreement.

6.       In October 2001, the Financial Accounting Standards Board (FASB) issued
         Statement No. 144, "Accounting for the Impairment or Disposal of
         Long-Lived Assets." In June 2001, the FASB issued Statement of
         Financial Accounting Standard No. 142, "Goodwill and Other Intangible
         Assets," ("SFAS 142"). We adopted these statements effective January 1,
         2002.

         We evaluate our long-lived assets on a quarterly basis for indicators
         of impairment. When indicators of impairment are detected, we evaluate
         the recoverability of such long-lived assets. To the extent that the
         estimated future undiscounted cash flows are less than the respective
         book value, an impairment charge is recorded. The Partnership has
         determined at September 30, 2002 that no such impairments existed and,
         accordingly, no impairment charges have been recorded.

         Statement No. 144 also addresses the accounting for long-lived assets
         that are likely to be disposed of before the end of their previously
         estimated useful life. Such assets are to be reported at the lower of
         their carrying amount or fair value, less cost to sell. Our evaluations
         have determined that there are no such impairments at September 30,
         2002.

                                       6

<PAGE>

7.       Legal Proceedings

         Henriquez v. Public Storage, Inc. (Filed June 2002).
         ----------------------------------------------------

         The plaintiff in this case is suing Public Storage on behalf of a
         purported class of renters who rented self-storage units from Public
         Storage. Plaintiff alleges that Public Storage misrepresents the size
         of its units and seeks damages and injunctive and declaratory relief
         under California statutory and common law relating to consumer
         protection, unfair competition, fraud and deceit and negligent
         misrepresentation. Public Storage does not currently believe that the
         outcome of this litigation will have a material adverse affect.
         However, Public Storage cannot presently determine the potential total
         damages, if any, or the ultimate outcome of the litigation. Public
         Storage intends to vigorously contest the claims in this case.

         Salaam, et. Al v. Public Storage (filed February 2000).
         -------------------------------------------------------

         The plaintiffs in this case are suing Public Storage on behalf of a
         purported class of California resident property managers who claim that
         they were not compensated for all the hours they worked. The named
         plaintiffs have indicated that their claims total less than $20,000 in
         aggregate. This maximum potential liability can only be increased if a
         class is certified or if claims are permitted to be brought on behalf
         of the others under the California Unfair Business Practices Act. The
         plaintiffs' motion for class certification was denied in August 2002;
         the plaintiffs have appealed this denial.

         Public Storage is continuing to vigorously contest the claims in this
         case and intends to resist any expansion beyond the named plaintiffs on
         the grounds of lack of commonality of claims. Public Storage's
         resistance will include opposing the plaintiffs' appeal of the court's
         denial of class certification.

         Public Storage is a party to various claims, complaints, and other
         legal actions that have arisen in the normal course of business from
         time to time. We believe that the outcome of these other pending legal
         proceedings, in the aggregate, will not have a material adverse effect
         upon the operations or financial position of Public Storage.

                                       7

<PAGE>

                         PUBLIC STORAGE PROPERTIES, LTD.
                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


FORWARD LOOKING STATEMENTS
--------------------------

         When used within this document, the words "expects," "believes,"
"anticipates," "should," "estimates," and similar expressions are intended to
identify "forward-looking statements. Such forward-looking statements involve
known and unknown risks, uncertainties, and other factors, which may cause the
actual results and performance of the Partnership to be materially different
from those expressed or implied in the forward looking statements. Such factors
include the impact of competition from new and existing real estate facilities
which could impact rents and occupancy levels at the real estate facilities that
the Partnership has an interest in; the Partnership's ability to effectively
compete in the markets that it does business in; the impact of the regulatory
environment as well as national, state, and local laws and regulations
including, without limitation, those governing Partnerships; and the impact of
general economic conditions upon rental rates and occupancy levels at the real
estate facilities that the Partnership has an interest in.

CRITICAL ACCOUNTING POLICIES
----------------------------

         IMPAIRMENT OF LONG LIVED ASSETS

         Substantially all of the Partnership's assets consist of long-lived
assets, primarily real estate. We evaluate our long-lived assets on a quarterly
basis for indicators of impairment. When indicators of impairment are detected,
we evaluate the recoverability of such long-lived assets. To the extent that the
estimated future undiscounted cash flows are less than the respective book
value, an impairment charge is recorded. The Partnership has determined at
September 30, 2002 that no such impairments existed and, accordingly, no
impairment charges have been recorded.

         Future events could cause us to conclude that our long-lived assets are
impaired. Any resulting impairment loss could have a material adverse impact on
our financial condition and results of operations.

         ESTIMATED USEFUL LIVES OF LONG-LIVED ASSETS

         Substantially all of the Partnership's assets consist of depreciable,
long-lived assets. We record depreciation expense with respect to these assets
based upon their estimated useful lives. Any change in the estimated useful
lives of those assets, caused by functional or economic obsolescense or other
factors, could have a material adverse impact on our financial condition or
results of operations.

         ACCRUALS FOR CONTINGENCIES

         The Partnership is exposed to business and legal liability risks with
respect to events that have occurred, but in accordance with generally accepted
accounting principles has not accrued for such potential liabilities because the
loss is either not probable or not estimable or because the Partnership is not
aware of the event. Future events and the result of pending litigation could
result in such potential losses becoming probable and estimable, which could
have a material adverse impact on our financial condition or results of
operations. Some of these potential losses, which the Partnership is aware of,
are described in Note 7 to the Partnership's financial statements.

                                       8

<PAGE>

RESULTS OF OPERATIONS
---------------------

         THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2002 COMPARED TO THREE AND
NINE MONTHS ENDED SEPTEMBER 30, 2001:

         Our net income for the nine months ended September 30, 2002 was
$2,828,000 compared to $2,645,000 for the nine months ended September 30, 2001,
representing an increase of $183,000 or 7.0%. Our net income for the three
months ended September 30, 2002 was $922,000 compared to $940,000 for the three
months ended September 30, 2001, representing a decrease of $18,000 or 2.0%.

         Rental income for the nine months ended September 30, 2002 was
$4,410,000 compared to $4,441,000 for the nine months ended September 30, 2001,
representing a decrease of $31,000 or .7%. Rental income for the three months
ended September 30, 2002 was $1,459,000 compared to $1,532,000 for the three
months ended September 30, 2001, representing a decrease of $73,000 or 4.8%.
Weighted average occupancy levels at the mini-warehouse facilities were 87% and
92% for the nine months ended September 30, 2002 and 2001, respectively. Annual
realized rent for the nine months ended September 30, 2002 increased to $13.64
per occupied square foot from $12.63 per occupied square foot for the nine
months ended September 30, 2001.

         Cost of operations (including management fees paid to an affiliate) for
the nine months ended September 30, 2002 was $1,142,000 compared to $1,145,000
for the nine months ended September 30, 2001, representing a decrease of $3,000
or .3%. Cost of operations (including management fees paid to an affiliate) for
the three months ended September 30, 2002 was $399,000 compared to $395,000 for
the three months ended September 30, 2001, representing an increase of $4,000 or
1.1%.

         As a result of lower average outstanding balances on the note payable,
interest expense was $13,000 for the nine months ended September 30, 2002 from
$195,000 for the same period in 2001, a decrease of $182,000.

LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

         Cash generated from operations ($3,420,000 for the nine months ended
September 30, 2002) has been sufficient to meet all current obligations of the
Partnership.

         During October 1998, we borrowed $12,400,000 from a commercial bank.
The loan is unsecured and bears interest at the London Interbank Offering Rate
("LIBOR") plus 0.55%. The loan was scheduled to mature October 2002. During the
second quarter of 2002, the Partnership paid the loan in full without penalty.

         We also entered into two interest rate swap agreements to reduce the
impact of changes in interest rates on a portion of its floating rate debt. The
first agreement, which covered $5,000,000 of debt through October 2000,
effectively changed the interest rate exposure from floating rate to a fixed
rate of 5.205%. The second agreement covered $2,500,000 of debt through October
2001 and effectively changed the interest rate exposure from floating rate to a
fixed rate of 5.33%. Market gains and losses on the value of the swap were
deferred and included in income over the life of the contract. We recorded the
differences paid or received on the interest rate swap in interest expense as
payments are made or received.

         As all debt service was repaid as of September 30, 2002, the
Partnership resumed with quarterly distributions beginning in the third quarter
of 2002. We paid distributions for the year to the limited and general partners
totaling $650,000 ($32.50 per unit) and $228,000, respectively, during the third
quarter of 2002. Future distribution rates may be adjusted to levels which are
supported by operating cash flow after capital improvements and any other
necessary obligations.

                                       9

<PAGE>

RISK FACTORS
------------

         In addition to the other information in our Form 10-Q, you should
consider the following factors in evaluating the Partnership:

         PUBLIC STORAGE HAS A SIGNIFICANT DEGREE OF CONTROL OVER THE
         PARTNERSHIP.

         Public Storage is general partner and owns approximately 31.4% of our
outstanding limited partnership units. As a result, Public Storage has a
significant degree of control over matters submitted to a vote of our
unitholders, including amending our organizational documents, dissolving the
Partnership and approving other extraordinary transactions.

         SINCE OUR BUSINESS CONSISTS PRIMARILY OF ACQUIRING AND OPERATING REAL
ESTATE, WE ARE SUBJECT TO REAL ESTATE OPERATING RISKS.

         The value of our investments may be reduced by general risks of real
estate ownership. Since we derive substantially all of our income from real
estate operations, we are subject to the general risks of owning real
estate-related assets, including:

         o    lack of demand for rental spaces or units in a locale;

         o    changes in general economic or local conditions;

         o    changes in supply of or demand for similar or competing facilities
              in an area;

         o    potential terrorist attacks;

         o    the impact of environmental protection laws;

         o    changes in interest rates and availability of permanent mortgage
              funds which may render the sale or financing of a property
              difficult or unattractive; and

         o    changes in tax, real estate and zoning laws.

         There is significant competition among self-storage facilities. Most of
the properties the Partnership has an interest in are self-storage facilities.
Competition in the market areas in which many of our properties are located is
significant and has affected the occupancy levels, rental rates and operating
expenses of some of our properties. Any increase in availability of funds for
investment in real estate may accelerate competition. Further development of
self-storage facilities may intensify competition among operators of
self-storage facilities in certain market areas in which we operate.

         We may incur significant environmental costs and liabilities. As an
owner of real properties, under various federal, state and local environmental
laws, we are required to clean up spills or other releases of hazardous or toxic
substances on or from our properties. Certain environmental laws impose
liability whether or not the owner knew of, or was responsible for, the presence
of the hazardous or toxic substances. In some cases, liability may not be
limited to the value of the property. The presence of these substances, or the
failure to properly remediate any resulting contamination, also may adversely
affect the owner's or operator's ability to sell, lease or operate its property
or to borrow using its property as collateral.

                                       10

<PAGE>

         We have conducted preliminary environmental assessments on most of the
properties the Partnership has an interest in to evaluate the environmental
condition of, and potential environmental liabilities associated with, our
properties. These assessments generally consist of an investigation of
environmental conditions at the property (not including soil or groundwater
sampling or analysis), as well as a review of available information regarding
the site and publicly available data regarding conditions at other sites in the
vicinity. In connection with these property assessments, we have become aware
that prior operations or activities at some facilities or from nearby locations
have or may have resulted in contamination to the soil or groundwater at these
facilities. In this regard, some of our facilities are or may be the subject of
federal or state environment investigations or remedial actions. Although we
cannot provide any assurance, based on the preliminary environmental
assessments, we believe we have funds available to cover any liability from
environmental contamination or potential contamination and we are not aware of
any environmental contamination of our facilities material to our overall
business, financial condition or results of operation.

CONTROLS AND PROCEDURES
-----------------------

         The Partnership maintains disclosure controls and procedures that are
designed to ensure that information required to be disclosed in reports the
Partnership files and submits under the Exchange Act, is recorded, processed,
summarized and reported within the time periods specified in accordance with SEC
guidelines and that such information is communicated to the Partnership's
management, including its Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure based on the definition
of "disclosure controls and procedures" in Rule 13a-14(c) of the Exchange Act.
In designing and evaluating the disclosure controls and procedures, management
recognized that any controls and procedures, no matter how well designed and
operated, can provide only reasonable assurance of achieving the desired control
objectives.

         Within 90 days prior to the date of this report, the Partnership
carried out an evaluation, under the supervision and with the participation of
the Partnership's management, including the Partnership's Chief Executive
Officer and the Partnership's Chief Financial Officer, of the effectiveness of
the design and operation of the Partnership's disclosure controls and
procedures. Based upon this evaluation, the Partnership's Chief Executive
Officer and Chief Financial Officer concluded that the Partnership's disclosure
controls and procedures were effective. There have been no significant changes
in the Partnership's internal controls or in other factors that could
significantly affect the internal controls subsequent to the date of the
Partnership's evaluation.

                                       11

<PAGE>

                           PART II. OTHER INFORMATION


Item 1   Legal Proceedings
         -----------------

         Henriquez v. Public Storage, Inc. (Filed June 2002).
         ----------------------------------------------------

                  The plaintiff in this case is suing Public Storage on behalf
         of a purported class of renters who rented self-storage units from
         Public Storage. Plaintiff alleges that Public Storage misrepresents the
         size of its units and seeks damages and injunctive and declaratory
         relief under California statutory and common law relating to consumer
         protection, unfair competition, fraud and deceit and negligent
         misrepresentation. Public Storage does not currently believe that the
         outcome of this litigation will have a material adverse affect.
         However, Public Storage cannot presently determine the potential total
         damages, if any, or the ultimate outcome of the litigation. Public
         Storage intends to vigorously contest the claims in this case.

         Salaam, et. Al v. Public Storage (filed February 2000).
         -------------------------------------------------------

                  The plaintiffs in this case are suing Public Storage on behalf
         of a purported class of California resident property managers who claim
         that they were not compensated for all the hours they worked. The named
         plaintiffs have indicated that their claims total less than $20,000 in
         aggregate. This maximum potential liability can only be increased if a
         class is certified or if claims are permitted to be brought on behalf
         of the others under the California Unfair Business Practices Act. The
         plaintiffs' motion for class certification was denied in August 2002;
         the plaintiffs have appealed this denial.

                  Public Storage is continuing to vigorously contest the claims
         in this case and intends to resist any expansion beyond the named
         plaintiffs on the grounds of lack of commonality of claims. Public
         Storage's resistance will include opposing the plaintiffs' appeal of
         the court's denial of class certification.

                  Public Storage is a party to various claims, complaints, and
         other legal actions that have arisen in the normal course of business
         from time to time. We believe that the outcome of these other pending
         legal proceedings, in the aggregate, will not have a material adverse
         effect upon the operations or financial position of Public Storage.

Items 2 through 5 are inapplicable.

Item 6   Exhibits and Reports on Form 8-K.
         ---------------------------------

         (a)  The following Exhibits are included herein:

              (1) Certification of CEO and CFO Pursuant to 18 U.S.C. Section
                  1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley
                  Act of 2002

         (b)  Form 8-K

              None

                                       12

<PAGE>

                                   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 thereunto duly authorized.







                                             DATED: November 13, 2002

                                             PUBLIC STORAGE PROPERTIES, LTD.

                                             BY:  Public Storage, Inc.
                                                  General Partner





                                             BY:  /s/ John Reyes
                                                  --------------
                                                  John Reyes
                                                  Senior Vice President and
                                                  Chief Financial Officer

                                       13

<PAGE>

                                                                    Exhibit 99.1


                    CERTIFICATION OF CEO AND CFO PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report on Form 10-Q of Public Storage
Properties, Ltd. (the "Partnership") for the quarterly period ended September
30, 2002 as filed with the Securities and Exchange Commission on the date hereof
(the "Report"), B. Wayne Hughes, as Chief Executive Officer of Public Storage,
Inc. (through November 7, 2002), Ronald L. Havner, Jr., as Chief Executive
Officer of Public Storage, Inc. (after November 7, 2002), and John Reyes, as
Chief Financial Officer of Public Storage, Inc., each hereby certifies, pursuant
to 18 U.S.C.ss. 1350, as adopted pursuant toss.906 of the Sarbanes-Oxley Act of
2002, that:

         (1)  The Report fully complies with the requirements of Section 13(a)
              of the Securities Exchange Act of 1934; and

         (2)  The information contained in the Report fairly presents, in all
              material respects, the financial condition and results of
              operations of the Partnership.


/s/  B. Wayne Hughes
------------------------------------
Name:  B. Wayne Hughes
Title: Chief Executive Officer of Public Storage, Inc.
       (through November 7, 2002), Corporate General Partner
       and Individual General Partner
Date:  November 13, 2002

/s/  Ronald L. Havner, Jr.
------------------------------------
Name:  Ronald L. Havner, Jr.
Title: Chief Executive Officer of Public Storage, Inc. (after November 7, 2002),
       Corporate General Partner
Date:  November 13, 2002

/s/  John Reyes
------------------------------------
Name:  John Reyes
Title: Chief Financial Officer of Public Storage, Inc.,
       Corporate General Partner
Date:  November 13, 2002


This certification accompanies the Report pursuant to ss. 906 of the
Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the
Sarbanes-Oxley Act of 2002, be deemed filed by the Partnership for purposes of
ss.18 of the Securities Exchange Act of 1934, as amended.

<PAGE>

                                                                    Exhibit 99.2


                    CERTIFICATION OF CEO AND CFO PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


I, B. Wayne Hughes, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Public Storage
     Properties, Ltd.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)  designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

     b)  evaluated the effectiveness of the registrant's disclosure controls and
         procedures as of a date within 90 days prior to the filing date of this
         quarterly report (the "Evaluation Date"); and

     c)  presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of:

     a)  all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

     b)  any fraud, whether or not material, that involves management or other
         employees who have a significant role in the registrant's internal
         controls; and

6.   The registrant's other certifying officers and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

/s/  B. Wayne Hughes
------------------------------------
Name:  B. Wayne Hughes
Title: Chief Executive Officer of Public Storage, Inc.
       (through November 7, 2002), Corporate General Partner
       and Individual General Partner
Date:  November 13, 2002

<PAGE>

                                                                    Exhibit 99.3


                    CERTIFICATION OF CEO AND CFO PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


I, Ronald L. Havner, Jr., certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Public Storage
     Properties, Ltd.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)  designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

     b)  evaluated the effectiveness of the registrant's disclosure controls and
         procedures as of a date within 90 days prior to the filing date of this
         quarterly report (the "Evaluation Date"); and

     c)  presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of:

     a)  all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

     b)  any fraud, whether or not material, that involves management or other
         employees who have a significant role in the registrant's internal
         controls; and

6.   The registrant's other certifying officers and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

/s/  Ronald L. Havner, Jr.
------------------------------------
Name:  Ronald L. Havner, Jr.
Title: Chief Executive Officer of Public Storage, Inc. (after November 7, 2002),
       Corporate General Partner
Date:  November 13, 2002

<PAGE>

                                                                    Exhibit 99.4


                    CERTIFICATION OF CEO AND CFO PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


I, John Reyes, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Public Storage
     Properties, Ltd.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)  designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

     b)  evaluated the effectiveness of the registrant's disclosure controls and
         procedures as of a date within 90 days prior to the filing date of this
         quarterly report (the "Evaluation Date"); and

     c)  presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of:

     a)  all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

     b)  any fraud, whether or not material, that involves management or other
         employees who have a significant role in the registrant's internal
         controls; and

6.   The registrant's other certifying officers and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

/s/  John Reyes
------------------------------------
Name:  John Reyes
Title: Chief Financial Officer of Public Storage, Inc.,
       Corporate General Partner
Date:  November 13, 2002