Public Storage FRN 25-JUL-2025Public Storage FRN 25-JUL-2025Public Storage FRN 25-JUL-2025

Public Storage FRN 25-JUL-2025

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Overview
Analysis

Key terms


Outstanding amount
‪400.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
5.44% (Variable)
Coupon frequency
Quarterly
Yield to maturity
5.24%
Maturity date
Jul 25, 2025
Term to maturity
8 months

About Public Storage FRN 25-JUL-2025


Sector
Finance
Industry
Real Estate Investment Trusts
Issue date
Jul 26, 2023
FIGI
BBG01HMFPH71
Public Storage operates as a real estate investment trust, which engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, and Other Items. The Self-storage Operations segment reflects the rental operations from all self-storage facilities. The Ancillary Operations segment deals with the sale of merchandise and reinsurance of policies against losses to goods stored by self-storage tenants, activities which are incidental to the primary self-storage rental activities. The Other Items segment includes general, administrative, and investment costs. The company was founded by Bradley Wayne Hughes, Sr. and Kenneth Q. Volk, Jr. in 1972 and is headquartered in Glendale, CA.
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