Public Storage Provides Further Hurricane Harvey Update

Public Storage PSA announced today that 101 properties in the Houston area have reopened for business representing 7.4 million net rentable square feet and 68,800 units. However, due to severe weather conditions related to Hurricane Harvey, the remaining 14 properties representing one million net rentable square feet and 8,700 units are temporarily closed for the safety of our customers and employees.

Customers are welcome to log on our website PublicStorage.com for the latest status, including making reservations for the open properties. As a reminder, we have also established a dedicated hotline for those impacted by Hurricane Harvey and any customer who would like to speak to a Public Storage Team Member can call (866) 381-0515.

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 Company's headquarters are located in Glendale, California. At June 30, 2017, the Company had interests in 2,358 self-storage facilities located in 38 states with approximately 156 million net rentable square feet in the United States and 220 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the "Shurgard" brand. The Company also owns a 42% common equity interest in PS Business Parks, Inc. PSB which owned and operated approximately 28 million rentable square feet of commercial space, primarily flex, multi-tenant office and industrial space, at June 30, 2017.

Additional information about Public Storage is available on the Internet. The Company's web site is PublicStorage.com.

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