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Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The company's self-storage facilities offer storage spaces for lease on a month-to-month basis for personal and business use. Public Storage also has interests in commercial properties containing commercial and industrial rental space; facilities that lease storage containers; and ancillary operations, which include reinsurance of policies against losses to goods stored by its self-storage tenants, retail operations comprising merchandise sales and truck rental operations. As of December 31, 2008, the company had interests in 2,012 self-storage facilities with approximately 127 million net rentable square feet in 38 states; and 181 self-storage facilities with approximately 10 million net rentable square feet in 7 western European nations. It also had direct and indirect equity interests in approximately 21 million net rentable square feet of commercial space located in 11 states in the U.S. As a REIT, the company would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Public Storage was founded in 1971 and is based in Glendale, California.

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Key Statistics

Closing Price	132.46
Volume	741347
Volume Avg	838270
52 Week High	141.48
52 Week Low	101.77
PE	40.23
PE (group average)	40
EPS Year	3.29
EPS change Q/Q	20.83%
EPS change Q/Q Yr ago	314.29%
EPS change Q/Q next Q est	-45.28%
EPS change Y/Y	-9.57%
REV change Q/Q	0.38%
REV change Q/Q Yr ago	5.64%
EPS next Q est	1.59
EPS next Y est	6.84
Divident Annual	3.95
Dividend Yield	2.98%